Advertisement
UK markets close in 4 hours 29 minutes

  • FTSE 100

    8,094.51
    +54.13 (+0.67%)
     

  • FTSE 250

    19,695.20
    -24.17 (-0.12%)
     

  • AIM

    754.90
    +0.21 (+0.03%)
     

  • GBP/EUR

    1.1662
    +0.0017 (+0.15%)
     

  • GBP/USD

    1.2507
    +0.0045 (+0.36%)
     

  • Bitcoin GBP

    50,730.46
    -2,382.33 (-4.49%)
     

  • CMC Crypto 200

    1,350.45
    -32.12 (-2.32%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.90
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,339.10
    +0.70 (+0.03%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,969.89
    -118.81 (-0.66%)
     

  • CAC 40

    8,027.20
    -64.66 (-0.80%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Italy's Mediaset returns to profit in 2017 after pay-TV blow

Reuters

MILAN (Reuters) - Italy's biggest private broadcaster Mediaset (MS.MI) said on Tuesday it returned to profit last year after a failed pay-TV deal with France's Vivendi (VIV.PA) dragged the group into the red in 2016.

The Milan-based TV group, whose top shareholder is the family of former prime minister Silvio Berlusconi, said its 2017 net profit was 90.5 million euros (79.17 million pounds) from a loss of 294.5 million euros in 2016 on broadly flat total revenues.

The broadcaster said, however, that revenues for its pay-TV business, Premium, fell to 587.4 million euros in 2017, from 619.8 million euros the previous year when stripping out restructuring costs.

The group has been tangled in a bitter legal battle with Vivendi (VIV.PA) after the French company unexpectedly pulled out of a deal to buy Mediaset's pay-TV unit in July 2016.

(Reporting by Giulia Segreti)