MILAN (Reuters) - Mediaset's
Speaking at a presentation of programming plans, Marco Giordani said none of Europe's generalist TV operators was in a position to buy the other but added a way had to be found to scale up operations to improve businesses.
"We have the good fortune of being a leader in two countries, but there is nothing operative and nothing will happen in the next few weeks," he said.
Mediaset owns 52 percent of Spain's Mediaset Espana
"There's no deadline but we need a lot of luck and I can't say if it will be this year," Giordani said.
On Wednesday Mediaset CEO Pier Silvio Berlusconi said the group was working on a large merger or acquisition in Europe's TV sector.
The CEO said in June Mediaset was looking to create a pan-European broadcaster to fend off competition from traditional rivals and online content providers like Netflix
Earlier on Thursday the head of German broadcaster ProSiebenSat.1 Media
A spokeswoman for France's largest private TV broadcaster, TF1
Mediaset, controlled by the family of former Prime Minister Silvio Berlusconi, tried to broaden its business in 2016 with a pay-TV agreement with French media giant Vivendi
But that deal fell through when Vivendi, which owns 28.8 percent of the Italian group, backtracked, leading to a court battle.
Giordani said on Thursday he believed a solution could be found to the dispute between the two companies.
(Reporting by Giancarlo Navach, writing by Stephen Jewkes; Editing by Dan Grebler)