TF1 revs feisty in first quarter

World Brief

Dominant commercial broadcaster TF1 has posted a 4.5% hike in first-quarter revenues to E654.4 million ($811.7 million).

Net ad coin rose 0.2% vs. the same period last year, the company said, to $534.5 million. TF1’s share of the French TV advertising market rose 0.4% to 54.5%.

Upbeat about the ongoing quarter, which has seen 11% growth in ad revenues since the beginning of April, the Gallic broadcaster said it expected net ad revs to grow by about 4% in the first half of 2006.

Today’s annual general meeting will vote an 80¢ dividend to shareholders.

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