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Prosiebensat1 Media (PSM) is a German independent mass media company headquartered in Unterföhring near Munich. The group was founded in 2000 and operates via four core segments: Broadcasting German-speaking, focused on advertising-financed free TV in Germany, Austria and Switzerland; Digital Entertainment; Digital Ventures & Commerce; Content Production & Global Sales.
The company currently employs over 6,000 staff members. Prosiebensat1 Media stock is traded on the Frankfurt and Luxembourg stock exchanges.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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