European TV giants weather the economic storm

Consolidated 2009 results show vast improvement from 2008.
Advertising, Advertising revenue, Bskyb, Canal +, Pay TV, Pay TV revenue, Sky deutschland, News, International News

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The twelve largest private TV companies in Europe enjoyed a far superior year in 2009 compared to 2008, according to figures complied by the European Audiovisual Observatory.

The net aggregate trading figures of all twelve companies for 2009 was US $2 billion compared to losses of $1.6 billion in 2008.

The UK’s BSkyB fared the best with annual calendar growth of 20 percent. Sweden’s Modern Times Group witnessed a 14 percent rise and Poland’s TVN enjoying 12 percent growth. Groupe Canal + experienced no change and Sky Deutschland had a four percent decline in turnover compared to the previous year.

The report notes that the companies involved in a diverse range of activities – including BSkyB which operates broadband services in the UK – have fared better.

Those entirely dependant on advertising have struggled. Central European Media Enterprises recorded a drop in 30 percent.

Only five of the twelve companies recorded losses in 2009.

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