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PSM Prosiebensat 1 Media SE News Story

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Brief: MFE-Mediaforeurope to consolidate Prosieben from Oct 1

Sept 16 (Reuters) - MFE-MEDIAFOREUROPE NV MFEB.MI CFO Marco Giordani tells analysts call:

MFE-MEDIAFOREUROPE CFO: COMPANY DOES NOT PLAN ANY DOMINATION AGREEMENT WITH PROSIEBEN IN THE NEXT 6-12 MONTHS

MFE-MEDIAFOREUROPE CFO: IF NO SUPERVISORY BOARD MEMBER STEPS DOWN, WE WON’T WAIT NEXT AGM TO PROPOSE A NEW BOARD

MFE-MEDIAFOREUROPE CFO:  WILL ASK SUPERVISORY BOARD TO CARRY A REVIEW OF NON CORE ASSETS TO DECIDE WHAT TO SELL OR WIND DOWN, WE NEED GASOLINE TO INVEST IN CONTENT AND CUT DEBT

MFE-MEDIAFOREUROPE CFO: WILL START CONSOLIDATE PROSIEBEN LINE BY LINE FROM OCT 1

Further company coverage: MFEB.MI [PSMGn.DE]

 (Reporting by Milan Newsroom)

 ((cristina.carlevaro@thomsonreuters.com; +39 02 66129585;))

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