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Teuton titan’s strong

Revenues at Germany's largest TV fam up to $1.7 bil

COLOGNE — ProSiebenSat 1 continued its profitable course in the third quarter, a path the company has been traveling since reaching a turnaround to black ink at midyear.

The group’s net profit reached E5.3 million ($97 million) vs. a net loss of $4 million it had in the first nine months of 2003.

Revenues at Germany’s largest TV family went up by 4% to $1.7 billion. The group noted that all its three major webs — Sat 1, ProSieben, Kabel 1 — had positive performances.

In particular, flagship Sat 1 saw its first operating profit ever after nine months, following a reduction in costs that mainly were in relation to pro soccer.

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