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EM.TV selling off kids divisions

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.
May 23, 2007

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.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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