Harsh climate for Globo

B'caster revenues down, ad spend under control

RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo.

Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 from $158 million in the same period of 2000.

Despite the financial hits, Globo managed to maintain its hold on ad spend: its share of broadcast TV ads was 78% for the six-month period — exactly the same as that registered in the first half of last year.

More TV

  • 'The Bachelorette' Week 8 Recap: Becca

    'The Bachelorette' Recap: Becca Kufrin Meets the Families on Hometown Dates

    RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo. Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 […]

  • Will Catlett

    'Love Is___' Star William Catlett Signs With CAA (EXCLUSIVE)

    RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo. Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 […]

  • Nick Cannon King of the Dancehall

    TV News Roundup: Nick Cannon to Host 2018 Teen Choice Awards

    RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo. Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 […]

  • Rugrats. Nickeoldeon Animation Studios

    'Rugrats' Relaunch Set With Nickelodeon Series, Paramount Movie

    RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo. Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 […]

  • Sacha Baron Cohen

    Showtime Counters Sacha Baron Cohen 'Stolen Valor' Claims

    RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo. Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 […]

  • Wyatt Russell in Lodge 49 AMC

    TV Review: AMC's 'Lodge 49' Starring Wyatt Russell

    RIO DE JANEIRO — Brazil’s economic troubles have taken their toll on the financial performance of leading broadcaster TV Globo. Net revenue fell 12% to $495 million for the first half of the year, down from $565 million for the year-earlier period. Net profit plunged 82% to $29 million for the first half of 2001 […]

More From Our Brands

Access exclusive content