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Sanoma Submits Highest Bid For ProSieben Assets - Report

BRUSSELS -(Dow Jones)- Finnish media company Sanoma Oyj (SAA1V.HE) and its local partners have placed the highest bid for the Dutch TV channels owned by competitor ProSiebenSat.1 Media AG (PSM.XE), newspaper De Standaard reported Saturday, citing people familiar with the situation. It's not clear whether the bid will be enough however, the newspaper reported, citing a separate source as saying ProSieben plans to push for an even higher price. Sanoma may have bid more than EUR1 billion for the Dutch channels SBS6, Net 5, and Veronica, the newspaper reported, adding that the winner of the bidding process should be known before the Easter break, which begins on Friday. ProSiebenSat.1 started an auction process for the sale of its assets in Belgium, the Netherlands and Nordic countries in recent months, but will only sell if the price is right. The assets being sold are all part of ProSiebenSat.1's unit formerly known as SBS Broadcasting. -By Frances Robinson, Dow Jones Newswires; +32 2 741 1486; frances.robinson@dowjones.com

Stock News for B R T Realty Trust (BRT)
DateTimeHeadline
01/23/201403:50:06Pearson Flags Tough Trading
10/02/201312:36:16Bertelsmann Offers 1.3% Stake in RTL for Sale
08/22/201302:32:12RTL Group 1st Half Profit Surges Despite Ad Revenue Declines
07/10/201310:20:08Judge Finds Apple Colluded on E-Book Pricing
07/02/201304:41:48Bertelsmann Set for Further Acquisitions - Report
07/01/201305:17:11Bertelsmann, Pearson Complete Penguin Random House Merger
06/28/201314:00:41Hachette Agrees to Acquire Hyperion
06/26/201312:34:14RTL Invests in North American Online Video Company
05/16/201303:56:34Bertelsmann's 1Q Net Profit Surges After Acquisitions
04/29/201322:10:13Bertelsmann Raises Gross Proceeds of EUR1.4 Billion With RTL...
04/19/201311:40:07Penguin Makes Bid to Settle E-Book Case With EU
04/05/201311:00:14EU Gives Green Light to Penguin, Random House Merger
03/26/201306:33:55Bertelsmann Sees Revenue Growth Due to Acquisitions
03/08/201313:26:16RTL Group Considers Further Acquisitions in Southeast Asia
03/04/201304:54:18Bertelsmann Seeks Rapid Music Sales Growth
02/25/201307:50:11Pearson Plans Shake-Up
02/14/201312:37:52Pearson: Justice Department Closes Penguin, Random House Merger...
02/08/201311:40:07DOJ Settles With Macmillan in E-Books Case
01/21/201305:15:10Correction to Pearson Warns on 2012 Earnings Story
01/21/201305:00:03Pearson Warns on Earnings, Flags Tough Year

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