ProSiebenSat.1 lost 11% early Tuesday after the German media company reduced its revenue guidance for the third quarter in the German-speaking broadcasting segment, though it did confirm its full-year group targets. ProSiebenSat.1 said in a statement late Monday that it now expects the German segment’s third-quarter revenue to drop by mid-single digit percentage compared with the prior year. That means previous expectations of higher TV advertising revenue performance in the segment are “unlikely to be met,” the company said.
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