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ProSieben Q3 core profit misses market estimates

Thu Nov 5, 2009 2:07am EST

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(Corrects to remove superfluous "said" in second paragraph)

Private Capital  |  Cyclical Consumer Goods

BONN, Nov 5 (Reuters) - German commercial broadcaster ProSiebenSat.1 Media AG (PSMG_p.DE) remained vague on targets for the full year after it reported a third-quarter core profit that missed market expectations.

ProSieben said on Thursday core profit in the third quarter fell 24.1 percent to 62.4 million euros ($92 million) on a sales decline of 7.9 percent to 559.4 million euros due mainly to the sale of its Scandinavian pay-TV operation CMore.

Analysts polled by Reuters had forecast a fall in core profit of 15.1 percent to 79 million euros and revenues of 565 million euros. (Reporting by Nicola Leske, Editing by Michael Shields)

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