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France TV could post 50 million losses

2020-06-11T17:59:28.566Z


The crisis and the postponement of the Tokyo Olympics led to a fall in the group's advertising revenue.Public broadcasting will not be spared from the coronavirus crisis. Following a board meeting held on Thursday morning, France Télévisions has already warned that its accounts would be in the red in 2020, a first in five years. Last year, the group had achieved a balanced operating profit (0.1 million euros), on a total budget of around 3 billion euros. The public group, at this stage, indicates ...


Public broadcasting will not be spared from the coronavirus crisis. Following a board meeting held on Thursday morning, France Télévisions has already warned that its accounts would be in the red in 2020, a first in five years. Last year, the group had achieved a balanced operating profit (0.1 million euros), on a total budget of around 3 billion euros.

The public group, at this stage, indicates in a press release that its forecast operating loss will be established in 2020 at 37 million euros. But he specifies that this figure does not take into account exceptional elements. According to our information, the net loss will climb to 51.6 million euros including them.

Read also: The cultural renaissance will take place on France Télévisions

The exceptional items include the video-on-demand platform Salto, which is due to launch in the fall, as well as the departure plan to cut 900 positions by 2022. However, these expenses should be less than planned. Firstly,

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Source: lefigaro

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