RTL profits fall
March 6, 2008
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.’