German media corp. Constantin Medien is considering launching "a second free-to-air sports channel to accompany its existing service Sport1," according to Jörn Krieger of BROADBAND TV NEWS.
Constantin Medien CEO Fred Kogel suggested plans for a second free-to-air TV channel under the name of Sport2 at the company’s annual general meeting on Friday. Further details "were not disclosed." The media company currently opperates free-to-air TV channel Sport1, pay-TV services Sport1+ and Sport1 US, as well digital radio station Sport1.fm (BOADBAND TV NEWS, 11/11). At the AGM, Constantin Medien shareholders approved the proposal by the management board and supervisory board for a strategic realignment for the media group. The AGM, held over two days in Munich, decided with the required majorities of the voting capital to concentrate on the sports as well as the sports- and event-marketing segments. In this context the intention is the separation from the film segment. Kogel: "Positioning ourselves as a sports-only company is in our estimation the best and most promising strategy for the Constantin Medien Group in the long-term. It will give us the opportunity to increase the Group’s return on sales and profitability permanently and sustainably" (Constantin Medien).
