RTL “committed” to Five for consolidation
March 12, 2010
Gerhard Zeiler, the chief executive of Channel Five’s parent company RTL, has said that the group remains “100 per cent” committed to the UK commercial broadcaster despite last year’s loss, noting that it will be a “valuable asset” in the expected consolidation of the UK TV market.
Five reported an overall loss of £37 million (E40.5m) last year, and an operating loss of £8 million.
“As I have said before consolidation will come. To take part in the consolidation, as I’m 100 per cent sure Five will, is a valuable asset. So it is the right decision and in the interests of shareholders to stay in the market.”