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Mediaset Premium posts EUR 57 mln loss in Q1

Wednesday 11 May 2016 | 14:45 CET | News
The Mediaset Premium pay-TV unit of Italian commercial broadcaster Mediaset posted a loss of EUR 56.6 million in the first three months of the year, according to the company's latest quarterly results. The pay-TV business was sold to French media giant Vivendi last month in a deal that valued Mediaset Premium at EUR 800 million. The result negatively impacted Mediaset's overall figures, with the broadcaster reporting a EUR 18.0 million loss in the first quarter compared to net income of EUR 0.6 million a year ago. However, Mediaset's revenues were up to EUR 786.1 million from EUR 718.5

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