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TMG posts negative EBITDA on one-time costs, lower ad sales

Monday 29 May 2017 | 10:04 CET | News
Sales at Dutch publisher Telegraaf Media Group fell in the first four months of 2017, to EUR 127.2 million from EUR 137.6 million a year ago. The company released the unaudited figures ahead of its AGM on 01 June, which will also discuss its planned takeover by Mediahuis. The drop in revenue was due to a 25 percent fall in revenue from print advertising. EBITDA fell to EUR 3.2 million from EUR 3.5 million, excluding one-time costs for the takeover and planned divestments. Including these costs, EBITDA was a loss of EUR 7.1 million.

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Categories: Broadcast & Satellite
Companies: Telegraaf Media Groep / TMG
Countries: Netherlands
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