RTL Group, Europe’s biggest broadcaster, posted a 37 per cent decline in 2007 profit because of one-time charges including a cartel fine in Germany and comparisons to 2006 when earnings were boosted by asset sales and tax gains.

Net income dropped to E563 million from E890 million euros. Sales rose 1.2 per cent to E5.71 billion. EBITDA rose 5.5 per cent to E898 million, helped by television shows including American Idol and The X Factor.’

Other posts by :

1. Euro-bank sets up €500m space fund
2. Revenue jump forecast for Eutelsat
3. Moody’s upgrades Eutelsat’s debt rating
4. Rivada Space Networks wins spectrum dispute
5. Will we take an AI bubble bath?
6. Eutelsat shareholders upset over Rights Issue
7. Amazon Leo satellites en route to French Guiana
8. Deutsche Bank reveals targets for AST SpaceMobile
9. AST SpaceMobile boss outlines benefits

Categories: Articles, Business, Results