Spain’s Mediaset, owner of Tele 5 and Cuatro, has seen its profits drop by 41 per cent to €12.5 million in the first quarter of the year.

The acquisition of Cuatro had a negative impact in its profits but the company survived the TV crisis with ad revenues reaching €190 million, representing a 44 per cent market share.

Operational costs fell by 10 per cent to €178 million in the first quarter and by 23.1 per cent over the last three years due to “its 60 per cent in-house productions”, according to the company.

Other posts by :

1. SpaceX continues complaints over Amazon Leo
2. Starlink struggling for approval on South Africa, India
3. Impressive Starlink deployment rate
4. Bank: Space industry worth $1tn by 2040
5. Xona Space wants 259 LEO satellites
6. 36 major airlines now committed to Starlink
7. Quilty: Top 5 Washington Satellite show takeaways
8. Space Wars: Starlink vs Amazon Leo
9. Eutelsat seeks ISRO deal for launches

Categories: Articles, Broadcast, Business, Pay TV, Results