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Mediaset first ever loss

March 27, 2013

mediasetFalling 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.

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