Tokyo B'casting, TV Tokyo see profits slip
TOKYO — Japanese commercial terrestrial networks increased their April-September revenues compared to a year ago, but two of them saw their profits falter.
Ratings leader Nippon TV boasted record revs and net profits of $1.54 billion and $162 million, respectively, thanks to strong ad sales and extra income from blockbuster animatedfilm “Spirited Away,” in which it invested 22% of the production cost.
Fuji TV boosted revenues by 3% to $1.8 billion and saw the second-best net profit performance of $103 million.
Tokyo Broadcasting, however, experienced an 8% drop in net profits to $86 million on revs up 5% to $1.2 billion.
TV Tokyo, the smallest network, suffered a net profit decline of 28% to $16.4 million, though revs jumped 8% to $431 million.