Antena 3 profits tumble

Iñaki Ferreras ©RapidTVNews | 14-11-2011

Grupo Planeta's Antena 3 has seen its Q3 profits slide by 17% year on year to €51.98 million.
EBITDA between the comparable January to September periods also fell markedly by 17.5% to €79.6 million, yet in a glimmer of good news, revenues inched up 1.3% to €577.49 million.
Taking the company as a whole the income of the TV division fell 0.3% to €485 million but staff costs fell by a huge 21.1% to €51.7 million. Programming costs amounted to €235.8 million.