The family of the late media entrepreneur Silvio Berlusconi has restructured its almost 30 percent stake in the German television group ProSiebenSat.1.

"We have now secured a direct stake in ProSiebenSat.1 of 28.9 percent, which corresponds to voting rights of 29.7 percent," said Katharina Behrends, the German head of Berlusconi's holding company Media for Europe (MFE), to the "Süddeutsche Zeitung".

As recently as June, the direct share amounted to 26.58 percent. Including financial instruments, MFE already held a total of around 29 percent at that time.

Behrends said that MFE does not currently intend to increase its stake. The ProSiebenSat.1 Supervisory Board member emphasized that MFE is a long-term strategic investor. She criticized the strategy to date. "So far, ProSiebenSat.1 has been a conglomerate of different business areas that don't really fit together." The right thing to do is to concentrate on the core area of entertainment. "By concentrating on building a streaming platform, we have set the right priorities."

(Report by Jörn Poltz, written by Jörn Poltz. If you have any queries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)