RTL, owner of Channel Five, has reported that revenue declined 6.4 per cent to E1.1 billion in the three months to the end of September. Despite the decline, the pan-European broadcaster and producer – which is majority-owned by German media group Bertelsmann – said that the TV advertising outlook has been improving since late summer.
“Since September 2009 advertising bookings have been better in almost all of RTL Group’s markets, compared to the first eight months of the year,” the company said. “However, as there is no visibility for the rest of the year, the group remains cautious.”
RTL reported adjusted earnings before interest tax and amortisation up 7.4 per cent to E101 million. However, in the nine months to the end of September adjusted EBITA was down 22.7 per cent to E474.