ProSiebenSat.1 posted lower first-half revenue as Germany‘s weak television advertising market and competition from broadcasters carrying the World Cup weighed on its entertainment business. The German commercial broadcaster, which is controlled by the Berlusconi family’s MediaForEurope (MFE) group, reported first-half revenue of €1.54 billion ($1.77 billion) on Thursday, down 9 per cent from a year earlier. On an organic basis, excluding portfolio changes and currency effects, revenue declined 2 per cent. Second-quarter revenue fell 8.5 per cent to €768 million ($881 million). The company said advertising revenue continued to be…
