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Aborted Premium sale cost Mediaset EUR 340 mln

Thursday 20 April 2017 | 09:26 CET | News
Italian commercial broadcaster Mediaset announced that it would have broken even in 2016 if Vivendi hadn't pulled out of a deal to acquire its pay-TV unit Premium. Mediaset reported an operating loss of EUR 189.2 million last year compared with a profit of EUR 231.4 million in 2015, with Vivendi's decision prompting "a series of extraordinary one-off charges" amounting to EUR 269.3 million plus an additional loss of EUR 72 million. However, Premium's full-year revenues climbed 11 percent to EUR 620 million, with Mediaset forecasting sales to increase by another EUR 10-20 million in 2017.

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Categories: Broadcast & Satellite
Companies: Mediaset / Telecom Italia / Vivendi
Countries: Italy
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