You will be redirected back to your article in seconds

Spanish web Tele 5 sees profits soar 52%

Net sales at $498.8 million

MADRID — Spanish commercial nets are on a roll. Just days after Telefonica Media-controlled Antena 3 announced a 73% increase in net profits to $122.1 million off $585.6 million net revenues for 1999, Tele 5 has now confirmed a 52% hike in net profits for last year to $107 million.

Net sales for 1999 were $498.8 million. EBIT (operating profits/net income) stood at 31.6%. Tele 5 is owned by Mediaset, the Kirch Group and Spain’s Correo Group, all with 25%.

Tele 5 attributed the best annual results of its 10-year history to cost containment, an increase in its target 13-54 demo to a 23.5% share and a 19.3% rise in ad sales.

Like A3, Tele 5 now aims to strengthen diversification. First new steps are a 24-hour Internet news service, launched last week, and Jumpy, a “Europortal” skedded for this summer.

More Biz

  • Women in Hip-Hop Industry Get the

    Women in Hip-Hop Industry to Get the Spotlight at A3C Conference

    MADRID — Spanish commercial nets are on a roll. Just days after Telefonica Media-controlled Antena 3 announced a 73% increase in net profits to $122.1 million off $585.6 million net revenues for 1999, Tele 5 has now confirmed a 52% hike in net profits for last year to $107 million. Net sales for 1999 were […]

  • Streaming Placeholder

    RIAA Issues Bullish Mid-Year Report: Revenue Up 10%, Streaming Now 75% of Total

    MADRID — Spanish commercial nets are on a roll. Just days after Telefonica Media-controlled Antena 3 announced a 73% increase in net profits to $122.1 million off $585.6 million net revenues for 1999, Tele 5 has now confirmed a 52% hike in net profits for last year to $107 million. Net sales for 1999 were […]

  • Arista Records Announces Three Key Hires

    Arista Records Announces Three Key Hires

    MADRID — Spanish commercial nets are on a roll. Just days after Telefonica Media-controlled Antena 3 announced a 73% increase in net profits to $122.1 million off $585.6 million net revenues for 1999, Tele 5 has now confirmed a 52% hike in net profits for last year to $107 million. Net sales for 1999 were […]

  • Sundance Film Festival Placeholder

    Ticketmaster Issues Statement on Scalper-Collusion Accusations

    MADRID — Spanish commercial nets are on a roll. Just days after Telefonica Media-controlled Antena 3 announced a 73% increase in net profits to $122.1 million off $585.6 million net revenues for 1999, Tele 5 has now confirmed a 52% hike in net profits for last year to $107 million. Net sales for 1999 were […]

  • ESPN App

    Disney Says ESPN+ Streaming Service Notches More Than 1 Million Subscribers

    MADRID — Spanish commercial nets are on a roll. Just days after Telefonica Media-controlled Antena 3 announced a 73% increase in net profits to $122.1 million off $585.6 million net revenues for 1999, Tele 5 has now confirmed a 52% hike in net profits for last year to $107 million. Net sales for 1999 were […]

More From Our Brands

Access exclusive content