Aust buys news channel N24 from ProSiebenSat.1
The German television group ProSiebenSat.1 has found a buyer for the loss-making news channel. The contract was awarded to a consortium of bidders led by N24 management and former *Der Spiegel* editor-in-chief Stefan Aust.
The TV Group will incur costs of up to EUR 41 million and write-downs of up to EUR 12 million in the second quarter as a result of N24 leaving the Group. This was announced by ProSiebenSat.1 on Wednesday. The partners also agreed that the Group's stations will initially continue to be supplied with news by N24 until 2016.
www.sda.ch
www.sda.ch
