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Latest Satellite News Discussion, New TV4 records best ever results at General Satellite News forum; TV4 records best ever results February 13, 2009 | 12:19 UK Swedens TV4 has recorded the best ever results in ...

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New TV4 records best ever results - 13-February-2009, 22:50

TV4 records best ever results

February 13, 2009 | 12:19 UK

Swedens TV4 has recorded the best ever results in the companys history. TV4 Group produced profits of SEK761 million for the year ending December 31, 2009, on the back of a good TV advertising market, investment in new media and the development of niche channels.
Jan Scherman, CEO TV4-Gruppen, said the broadcaster had already begun to make cost savings against the economic downturn, securing resources for programme content, and avoiding any layoffs.

Last December TV4 completed the acquisition of C More Entertainment, operator of the Canal+ channels in the Nordic region. Figures from Canal+ will be consolidated in the next financial statement.

The mother channel TV4 is Swedens largest commercial broadcaster with a 19.7%. The move to digital transmissions in the country saw a growth during 2007 in so-called other channels that between them now take an audience share of 37%. Of this, TV4-branded channels took 23%, an increase of 25% over the last 12 months.
   
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