Falling advertising revenue dragged Mediaset to its first annual loss since it listed on the stock exchange 13 years ago. Italy’s largest private broadcaster recorded a net loss of €287 million for 2012 on advertising revenues down 16 per cent compared with a year earlier. It said it had taken write-offs worth €308 million on sports rights and falling advertising revenues.

Mediaset said it would not pay a dividend. Advertising sales continued to fall in the first months of this year and it declined to make forecasts, it added.

Other posts by :

1. Forecast: $5tn annual SpaceX revenues
2. Human AI; Access, Influence
3. Who else was eyeing Globalstar?
4. Analyst: Unrealistic expectations at SpaceX
5. Rocket Lab: “We will out-innovate SpaceX”
6. S&P ranks Arqiva’s debt as BBB+
7. AST SpaceMobile to make D2C progress this winter
8. EchoStar to put Hughes Network into bankruptcy
9. FCC explains C-band incentives

Categories: Articles, Broadcast, Business, Results