08 maj: Aktier/Europa: Grækenland holder Europas aktier i rødt
09 maj: ESTIMAT NKT Q1 9/5: Flexibles-salg påvirker bundlinjen positivt
08-05-2012 20:03:00

UPDATE: Mediaset Sees Lower 2012 Profit After Difficult 1Q

Relateret indhold
Relateret debat
12 sep - 
it´s a premium investment and NEWS is what all needs Ne..

-- Mediaset fist-quarter net profit tumbles as advertising decline continues

-- Mediaset doesn't see an improvement in the advertising trend in April, May

-- The Italian broadcaster faces increasing competition in the pay-TV business

(Updates to add details, executive comments, in fifth and last two paragraphs)

By Giada Zampano

Of DOW JONES NEWSWIRES

ROME -(Dow Jones)- Mediaset SpA (MS.MI), Italy's largest private broadcaster, Tuesday confirmed its forecasts for declining profits for 2012 after posting a sharp drop in its first-quarter net profit due to a continued fall in advertising revenue in its key Italian and Spanish markets.

The broadcaster, owned by the family of former Prime Minister Silvio Berlusconi, said it expects this year's consolidated net profit and cash generation to be lower than last year's unless market conditions improve.

For the first three months of the year, the group posted a net profit of EUR10.3 million from EUR68.4 million in the same period a year earlier. Analysts had forecast a net profit of EUR23.3 million.

Revenue fell to EUR977.8 million from EUR1.1 billion as gross advertising spending declined by 10% in Italy.

Mediaset executives said in a conference call with analysts they don't expect the advertising trend to improve in April and May.

Mediaset is battling with News Corp.'s (NWS) satellite unit Sky Italia in the fast-growing Italian pay-television market, as it struggles to defend its dominant position in the free-to-air TV sector.

The broadcaster is facing a shrinking audience for its free-to-air channels, as well as dwindling advertising revenue in a stagnant economy.

The pay-TV business also registered a weak performance in the first quarter, with revenue falling by around 3% to EUR131.1 million.

The Italian broadcaster is pursuing a three-year cost-cutting plan, which will reach savings of EUR250 million a year in 2014.

News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

-By Giada Zampano, Dow Jones Newswires; +39 06 69766920; giada.zampano@dowjones.com

Order free Annual Report for News Corp.

Visit http://djnweurope.ar.wilink.com/?ticker=US65248E1047 or call +44 (0)208 391 6028

(END) Dow Jones Newswires

May 08, 2012 14:03 ET (18:03 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

TDC ender som C20-duks i september efter salgsrygter

30-09-2016 15:44:14
Købsrygter om TDC har fået aktiekursen til at stige omkring 6 pct. i september, opgjort kort tid før børsen lukker for måneden.Kurshoppet betyder, at aktien er ..

Vestas' ordreindgang i sensommeren kan blive højeste i flere år

30-09-2016 14:15:08
Vestas har kurs mod det bedste tredje kvartal i flere år, hvis man ser på de ordrer, som selskabet har vundet de seneste måneder.Torsdag og fredag har vindmølle..

KORR: Aktier/åbning: Bankerne fører an i gennemsur åbning

30-09-2016 09:56:42
(Korr: Udbudsprisen på Nets rettet til 150 kr. fra 145 kr., red.)Fortsat tiltagende uro omkring Deutsche Bank har medført dyk på aktiemarkederne i USA og Asien...

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Deutsche Bank/CEO: Kræfter i markedet forsøger at skabe mistillid
2
Vestas' ordreindgang i sensommeren kan blive højeste i flere år
3
FAKTA: Nets' børsdebut har været den værste i flere år
4
Fredagens aktier: Novo holdt C20 nede trods stort comeback
5
Nets/Nordnet: Aktien er presset fra flere sider efter børsdebut

Relaterede aktiekurser

News Corporation 13,98 0,7% Stigning i aktiekurs
News Corporation- Class .. 14,22 0,6% Stigning i aktiekurs
News Corp B Voting 18,60 -0,8% Fald i aktiekurs
Mediaset S.P.A 2,79 1,2% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
1. oktober 2016 12:19:57
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160921.1 - EUROWEB5 - 2016-10-01 12:19:57 - 2016-10-01 12:19:57 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x