RTL Group revenue holding steady
Operating profits slightly up to $744 milCOLOGNE, Germany -- Leading European broadcaster RTL Group continues to shrug off the global economic crisis. Third-quarter figures released Thursday show revenue steady at 4.05 billion euros ($5.22 billion) and operating (EDITDA) profits up slightly to 577 million euros ($744 million).
Growth from RTL's German operations, run by company COO Anke Schaeferkordt, and production subsidiary FremantleMedia offset declines in the French and Spanish markets.
RTL's strong performance is a sharp contrast with main competitor ProSiebenSat.1, which on Thursday reported a 17.4% drop in operating profits for the third quarter.