You will be redirected back to your article in seconds

New biz boosts SBS revs

Pan-Euro net posts 26% jump in earnings

AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business.

Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment sprees in premium pay-TV and an increase in SBS’s share in Prima TV in Romania from 86% to 100%.

Markus Tellenbach, CEO of SBS, said the company’s growth and expansion strategy would continue, one of the reasons SBS took out a new bank facility in May that lowers the cost of capital.

Newly acquired business, particularly the pay-TV operations, is clearly on the road to paying off big time. Of the $104.4 million increase in net revenues for the first half year, premium pay-TV outfit C More, Prima TV and the Romanian radio stations, as well as recently launched channels The Voice TV, VijfTV and Irisz, accounted for $66.4 million, non-new business the rest.

More TV

  • Blade Runner 2049

    'Blade Runner 2049,' 'The Crown' Win ASC Awards for Cinematography

    AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business. Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment […]

  • Dove Cameron Sofia Carson

    Disney Announces 'Descendants 3' for 2019

    AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business. Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment […]

  • Jeanine Mason

    'Roswell' Reboot Pilot Casts 'Grey's Anatomy's' Jeanine Mason in Lead Role

    AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business. Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment […]

  • Purveyors of Pop eOne deal

    Reality Show Producers Sued for Trashing Hawaiian Beach House

    AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business. Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment […]

  • Harry Connick Jr

    Harry Connick Jr. Talk Show to End After 2 Seasons (EXCLUSIVE)

    AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business. Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment […]

  • George Stephanopoulos

    ABC's George Stephanopoulos Lands Exclusive Interview With Ex-FBI Chief Comey

    AMSTERDAM — Pan-Euro media network SBS Broadcasting posted a 26% jump in net revenues in its first half year ending June 30 to Euro 414 million ($500 million). Much of the increase year on year came from new business. Net profit in the same time-frame slipped from $17.2 million to $13.7 million, reflecting recent investment […]

More From Our Brands

Access exclusive content