Telecom Italia Media losses narrow to EUR 132 mln in 2013

Wednesday 5 March 2014 | 11:29 CET | News
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Telecom Italia Media posted a net loss of EUR 132 million in 2013, compared to EUR 241 million in 2012. The improved figure was above all due to the sale of two loss-making television channels, La 7 and MTV, in April and September 2013 respectively. Revenues in the period were slightly lower at EUR 72.2 million while EBITDA fell 8.5 percent. The company also confirmed that it remains in talks with publisher L'Espresso for a tie-up of their digital broadcasting activities. The two companies signed a non-binding term sheet for a future merger of their digital broadcasting activities at the

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Categories: Broadcast & Satellite
Companies: Telecom Italia Media
Countries: Italy
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