You will be redirected back to your article in seconds

France’s TF1 reports profits up 47% in ’99

B'caster's video distrib arm had record year with 10 mil tapes sold

PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999.

In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months.

Advertising revenue was up 10% at $1.4 billion and estimates are that ad revenues will grow by a further 12% during the first half of this year.

The group’s diversification divisions, which include video distribution, home shopping, music and publishing, recorded a 15.5% increase in revs at $503 million.

Video record

Video distribution arm TF1 Video posted a record year, selling more than 10 million tapes. That pushed revenues up 25% to $107 million and profits for TF1 Video to $7 million.

Under chairman Patrick Le Lay, programming costs for the network have been held down over the past three years. The network’s sked cost $724 million last year, just 1.3% up on 1998. A group statement said the programming budget would rise by 1.8% this year.

All-news service

Of its various cable and sat channels, all-news service LCI now has over 3 million subscribers and has moved into the black. Revs at LCI were $46 million.

The core broadcasting business is as healthy as ever, despite increasing competition from satellite and cable channels and digital platforms. TF1 notched up 95 of the top 100 audiences in 1999, and its market share of the critical women under 50 sector is holding at 37.4%.

More Biz

  • Bill Cosby sentencing

    Prosecutors Want Bill Cosby Declared a 'Sexually Violent Predator' as Sentencing Starts

    PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999. In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months. Advertising revenue was up 10% at $1.4 billion and […]

  • Comcast Stock Tanks After Winning Sky

    Comcast Stock Tanks Over Wall Street Concerns It Overpaid for Sky

    PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999. In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months. Advertising revenue was up 10% at $1.4 billion and […]

  • Randall Stephenson

    AT&T Plans Big Push to Win Over Madison Avenue

    PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999. In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months. Advertising revenue was up 10% at $1.4 billion and […]

  • Pandora

    SiriusXM to Acquire Pandora in $3.5 Billion Deal

    PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999. In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months. Advertising revenue was up 10% at $1.4 billion and […]

  • RESTRICTION: NO New York or New

    Time's Up to Stage National Walkout to Support Brett Kavanaugh Accuser

    PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999. In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months. Advertising revenue was up 10% at $1.4 billion and […]

  • emma stone sam mendes louis vuitton

    Emma Stone Re-Teams With Sam Mendes for Louis Vuitton Short Film

    PARIS — France’s leading terrestrial broadcaster, TF1, has confirmed a 47% increase in profits for 1999. In line with forecasts made in late January, TF1 reported Tuesday that profits hit $160 million on revenues of $1.8 billion — an 11.6% increase over the previous 12 months. Advertising revenue was up 10% at $1.4 billion and […]

More From Our Brands

Access exclusive content