BARCELONA Feb 28 German commercial broadcaster
ProSiebenSat.1 hiked its dividend and said it
expected to increase revenue and earnings in 2013 as it moves
into new areas such as online gaming.
ProSieben will pay a dividend of 5.65 euros per preference
share, against 1.17 euros last year, to partly distribute the
proceeds of the $1.7 billion sale of its Scandinavian channels.
Fourth-quarter earnings before interest, tax, depreciation
and amortisation (EBITDA), excluding special items, from
continuing operations rose to 285.7 million euros from a
comparable 281.9 million in 2011.
ProSieben stripped out results from the Scandinavian
channels, the sale of which it expects to complete by the end of
ProSieben's owners, private equity firms KKR and
Permira are preparing an exit from the media group
after the $1.7 billion sale of its Scandinavian activities.
Earlier this month they raised 485 million euros in a sale
of their non-voting preference shares, which was the first step
towards their complete exit from the media group.
KKR and Permira want to exit ProSieben, preferably via a
placement of their shares on the market, people close to the
private equity firms have told Reuters.
Separately, KKR and Permira have mandated JP Morgan
to explore a potential sale of their stake to a media company.