TF1 profits up for 9-month period
EmptyPARIS -- TF1 has announced an increase in profits for the first nine months of 2006, boasting a consolidated revenue total of €1.9 billion ($2.4 billion), a 5.8% increase from the same period in 2005.
The TF1 channel's net advertising revenue increased 3.8% to €1.2 billion ($1.5 billion) and the company's other activities saw a 9.6% hike thanks to strong performances by the Teleshopping Group, TF1 Entreprises, Eurosport International, e-tf1 and the company's thematic channels in France.
Strong net growth in July and September helped advertising revenue for the TF1 channel increase 1.1% in the third quarter, despite a dip in August. The full 2006 nine-month report will be published Nov. 21.