Commission for Determining Concentration in the Media Sector prohibits acquisition of ProSiebenSat.1 Media AG by Axel Springer AG




  • zoom+
  • zoom-

10.01.06

Commission for Determining Concentration in the Media Sector prohibits acquisition of ProSiebenSat.1 Media AG by Axel Springer AG

To press release overview

During its meeting on January 10, 2006 the Commission for Determining Concentration in the Media Sector (KEK) decided that the prerequisites for the confirmation of non-objection under applicable media-supervisory laws are not given. The reasons of the decision of the KEK are not yet known. The State Media Institutions responsible for granting or refusing the confirmations of non-objection vis-à-vis the TV stations of the ProSiebenSat.1 group are bound by the KEK decision, unless upon application of one of the State Media Institutions the Conference of the Directors of the State Media Institutions (KDLM) renders a deviating decision. Such a resolution of the KDLM would require a majority of three quarters of its members. In this way, a clearance of the transaction under applicable media-supervisory laws could still be achieved.

For the parallel ongoing proceeding before the Federal Cartel Office Axel Springer AG will have to react to the second warning from the Federal Cartel Office dated January 6, 2006 by January 12, 2006.

Press Contact Axel Springer SE: Edda Fels
Tel: +49 30 2591 77600