Parisian co. won't break even until 2002

PARIS — Television Par Satellite, France’s second digital satellite platform, will have 1 million subscribers by the end of the year but won’t break even until 2002, the company said Monday.

Despite projected revenues of 2.5 billion francs ($338.57 million) this year, spending on movies, football rights and interactivity have kept the 4-year-old TPS in the red to the tune $501 million, CEO Jacques Espinasse told French daily Le Figaro.

TPS’ bigger rival, Canal Satellite, with 1.5 million subscribers, recently announced it would break even this year for the first time.

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