Fuji TV revs up 7%

World Brief

Revenues at Japan’s leading web Fuji TV rose 7% to a record 440 billion yen ($3.7 billion) during the fiscal year ended March 31, while operational profits surged 46% to $450 million on a consolidated basis year on year.

Spot commercial revenue shot up by 13% to $1.1 billion.

Fuji TV earlier announced the promotion of exec VP Koh-ichi Murakami to succeed Hisashi Hieda as president. Hieda, who led the web to No. 1 during his 13-year reign, will become chairman, maintaining his title as CEO.

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