ProSieben, Springer Pour Cold Water on Merger Plans

Reuters: German broadcaster ProSiebenSat.1 and publisher Axel Springer said they have no further tie-up plans beyond a project for digital start-ups. The two companies had reignited talks over a merger, seeking to consolidate their push into digital media, a decade after such a deal was derailed by regulatory hurdles. But spokespeople for both companies said only digital projects were currently being discussed. “In our talks with ProSiebenSat.1 we have focused on strong cooperation in the digital area.”