ProSiebenSat.1 grows in the first quarter

The German TV group ProSiebenSat.1 increased revenues and profits in the first quarter. Compared to the same period last year, the company recorded revenue growth of 8.2 percent to EUR 465.3 million. Net profit rose by 7 percent to EUR 30.7 million. CEO Guillaume de Posch attributes the result to the slight growth in the TV advertising market and the new business models. He also predicts that revenues and profits will continue to rise, since ProSiebenSat.1 expects the advertising market to grow about two percent in 2006. In the first quarter, Sat.1, ProSieben, Kabel eins and N24 earned an audience share of 30.1 percent. This represents an increase of 0.1 percent over the same period last year.