You will be redirected back to your article in seconds

France’s M6 reports revenue drop

Consolidated revenues fall 3.3%

PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions.

However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million.

Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues from digital channels, diversification and audiovisual rights surged 46% to$31.1 million.

Non-advertising sales slumped 10.5% to $221 million.

The French broadcaster said the banking, retail and publishing sectors had cut back on commercials but the food, beverage, transport and telco companies had spent slightly more.

M6 executive chairman Nicolas de Tavernost described the market as difficult.

“We were flat in April and we don’t have much visibility for the rest of the year,” Tavernost told the M6 annual shareholders’ meeting on Tuesday.

M6 shares on the Paris stock exchange have dropped 41% in 12 months while shares in rival TF1 have fallen 45% over the same period.

More Biz

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    PARIS — M6, France’s second biggest private net, saw consolidated revenues fall 3.3% year-on-year to E327.3 ($508.3 million) in the first quarter of 2008, below analysts’ predictions. However, despite a generally downbeat French advertising market, advertising sales rose 3% to$287.3 million. Of these, M6 advertising sales were down 0.5% at $256 million, while advertising revenues […]

More From Our Brands

Access exclusive content