×

M6 profits, revs rocket as aud & economy expand

Earnings up 26%

PARIS — French private television group M6 has reported 1999 profits of 4.1 billion francs ($74 million), a 25.7% increase over 1998. Revenues for the year were up 19.6% to $603 million.

Spurred on by a revitalized Gallic economy and a growing audience, M6 saw advertising revenues increase by 18.1% to $421 million. The company has positioned itself ahead of pubcasters France 2 and France 3 when it comes to attracting the ad-friendly audience of women under the age of 50; M6 reported a 19% market share in this key sector.

Pursuing other interests

In line with other French TV groups, M6 has been pushing hard to diversify from its core terrestrial business. It already has established itself in magazine publishing, the record business, video distribution and home shopping. A company statement said diversification activities now represent 30% of group revenues.

Under chairman Jean Drucker, M6 also has positioned itself as a digital TV player with a 25% stake in digital platform Television Par Satellite (TPS). The venture, which has some 900,000 subscribers, has still to break even, and M6 took a $22 million hit in ’99 for its TPS stake.

Popular on Variety

More Biz

  • CBS Studios Exterior

    CBS Credit Union Manager Sentenced to 14 Years for $40 Million Fraud

    Edward Rostohar, the longtime manager of the CBS Employees Federal Credit Union, was sentenced on Monday to 14 years in prison for embezzling $40 million. The massive fraud left the credit union insolvent. It was shuttered and taken over by the University Credit Union, which assumed the accounts of 2,800 members. Rostohar pleaded guilty in [...]

  • United Talent Agency Reveals New Logo

    UTA Unveils New Logo, Corporate Image

    UTA raised the curtain Monday on a new corporate logo. The three-dimensional image is meant to emphasize the talent agency’s focus on uniting ideas, opportunities and talent. Building signage with the new logo will go up next month at UTA’s headquarters in Beverly Hills. “Our new identity captures the multiple facets and intersections of our [...]

  • Tribune Tower

    FCC Approves Nexstar Acquisition of Tribune Media

    The FCC has voted to approve Nexstar’s $4.1 billion takeover of Tribune Media, paving the way for Nexstar to become the nation’s largest owner of television stations with more than 200 outlets serving a wide swath of the country. FCC commissioners voted 3-2 to approve the merger agreement that was reached in December. Nexstar’s pact [...]

  • Endeavor co-founder Ari Emanuel

    Endeavor Aims to Raise $620 Million With IPO

    Endeavor disclosed Monday that it expects a price between $30 and $32 per share for its initial public offering in the fall. Endeavor — the parent company of WME, UFC, IMG, Endeavor Content, Professional Bull Riders and other assets — aims to raise as much as $620 million with the sale of 19.4 million shares. [...]

  • Overall View of the Rose Bowl

    One Dead, One Injured in Rose Bowl Parking Lot Shooting

    One person was killed and another was injured Saturday night following a shooting in a Rose Bowl parking lot, the Pasadena police confirmed. According to a statement from the police department, police responded to reports of a physical altercation and shots fired at 11:22 p.m. near the area of Arroyo Boulevard and Seco Street, where [...]

More From Our Brands

Access exclusive content