EM.TV is looking for a buyer for its children and youth divisions EM.Entertainment and Junior.TV in order to concentrate on sports programming. The Germany-based broadcaster announced that it exceeded Q1 2007 earnings expectations with group sales of US$81.3 million compared to US$80 million over the same period last year. However, its sports operations, with sales up 18.7% over the quarter, accounted for the lion’s share of revenues. The entertainment segment lagged behind with revenues of US$7.5 million, which were well below expectations. Overall, the division posted a loss of US$270,000 compared to gains of US$10.9 million over the same period last year.
The upshot is that board is putting EM.entertainment GmbH and Juniour.TV GmbH & Co KG. on the block, although no timeline has been announced.