Dutch Network SBS Nederland Books $233 Million in Losses

Talpa, producers of "The Voice" control 33 percent of SBS Nederland.
Talpa, producers of "The Voice" control 33 percent of SBS Nederland.
 NBC

The broadcaster was bought by Sanoma Media and “The Voice” producer Talpa for $1.65 billion in 2011.

COLOGNE, Germany – SBS Nederland, the Dutch broadcasting group bought by John de Mol's Talpa Media and Finish media group Sanoma for $1.65 billion (€1.25 billion) two years ago, booked $233 million (€176 million) in losses last year, according to Dutch media reports.

SBS financial statements obtained by Dutch radio station BNR show that a onetime write-off of $264 million (€200 million) hit the SBS bottom line.

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Revenue for the group, which operates Dutch commercial channels Veronica, SBS6 and Net5, was $377 million (€285 million) for the year, the report said.

Sanoma and Talpa made a successful joint bid for the Dutch SBS channels, previously owned by German broadcast giant ProSiebenSat.1, in 2011. Sonoma holds a 67 percent stake in SBS Nederland, while Dutch-based Talpa, producer of The Voice, holds 33 percent.

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