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Latest Satellite News Discussion, Update M6 posts EBITA down 17.8 % at General Satellite News forum; M6 posts EBITA down 17.8 % M6 Group has announced operating income down 17.8% in 2008 at 194m. Net result ...

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Update M6 posts EBITA down 17.8 % - 12-March-2009, 10:20

M6 posts EBITA down 17.8 %

M6 Group has announced operating income down 17.8% in 2008 at 194m. Net result group share reached 138.4 million last year down 17.9% vs last year.

While M6 Group consolidated revenues were almost stable in 2008 at 1.35bn, the group explained the decreasing results in relation to the decline of M6 Network contribution due to the Euro 2008 broadcasting costs. M6, like TF1, acquired the rights for 50 million each. Excluding sports event, the cost of programming as well as other operating expenses were under control, M6 added.

M6 network contribution to EBITA amounted to 137.8m, down 29.9% with programming costs standing at 347m, Euro 2008 included. Digital channels confirmed their role as growth drivers with a strong increase in EBITA contribution to 18.9m compared to 0.3m in 2007.

DTT channels reported their first profitable year. Diversification and audiovisual rights contribution stood at 42.3m, slightly down compared to 2007.
   
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