RTL: Five should make a profit later this year

first_img whatsapp Former Five owner RTL expects the loss-making broadcaster to swing back into profit this year, despite clocking a first half loss of €49m (£40m) on the channel.The venture was sold to Express owner Richard Desmond last month for £103.5m. Its operating loss was just €6m but RTL wrote down a further €36m before offloading it.Desmond plans to streamline the operation, with 80 of its 300 staff expected to be out of a job.Among the most high profile leavers is Five chair and chief executive Dawn Airey, who actioned a clause in her contract guaranteeing her a job with RTL if Five was sold. RTL would not comment yesterday on what role Dawn would take with the firm.The news comes as RTL posted revenue growth of 7.5 per cent in its first half, with advertising income finally beginning to pick up.This allowed the media giant to swing to a profit of €257m, a remarkable turnaround after posting losses of €105m the year before.Chief executive Gerhard Zeiler said: “The stronger than expected rebound seen in the Western European TV advertising markets is the result of the overall economic recovery.” KCS-content Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Wednesday 25 August 2010 8:11 pm whatsapp Share RTL: Five should make a profit later this year Tags: NULLlast_img