Telecom Italia Media 2011 revenues down to EUR 238.2 million

Telecom Italia Media has closed 2011 with revenues of EUR 238.2 million, a drop of EUR 20.3 million compared with 2010. EBITDA was a positive EUR 28 million, an improvement of EUR 14.8 million on the 2010 result (EUR 13.2 million). The operating loss decreased by EUR 15.3 million to EUR 30.7 million, while net debt at the end of 2011 stood at EUR 138.7 million, increasing by EUR 23.2 million. Advertising revenue at national TV channel La7 was up 32.1 percent.