Viva Media AG
VIVA Media AG: Strategic Decision on Locations and Television Business
Ad hoc announcement §15 WpHG
VIVA Media AG: Strategic Decision on Locations and Television Business
VIVA Media AG: Strategic Decision on Locations and Television Business
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Cologne, 28 February 2005. – MTV and VIVA are planning to concentrate their
German music television business in Berlin in future in order to better
leverage synergies. At the same time, entertainment business will be
concentrated and expanded in Cologne. VIVA Plus and Brainpool will continue to
be based in Cologne. The new MTV Networks Europe office for Business
Development and Network Relations will also be located in Cologne. VIVA will
produce select programmes here. Both channels will continue to be broadcast
from Cologne. Furthermore, it was resolved at today’s meeting of the
Supervisory Board to appoint Catherine Mühlemann as a member of the Management
Board, effective as of 1 March 2005. In future, Mühlemann will be responsible
for the TV division.
Of the VIVA Group’s 600 employees, about 120 permanent staff members will be
affected by redundancy. Non-permanent contracts are expected to expire.
Negotiations with the Works Council have already commenced. Both parties are
striving to reach a fair understanding that appropriately reflects employee
performance.
Contact:
VIVA Media AG. Schanzenstraße 22. D-51063 Cologne. http://www.vivamediaag.com
Investor Relations. Verena Fink. Tel.: +49(0)221-6509-1010. ir@vivamediaag.com
VIVA Media AG
Schanzenstraße 22
51063 Köln
Deutschland
ISIN: DE0006171069
WKN: 617106
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 28.02.2005
281505 Feb 05
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