Thursday, March 11, 2010

RTL writes down value of Channel 5

RTL may be satisfied with its results but the news that it has halfed the value of Channel 5 television in its blance sheet will raise worries about the state of the UK independent TV market.

The Group announced that its revenue in 2009 was down 6.3 per cent to €5,410 million with profits down 17 per cent which included restructuring costs in the UK, Germany and Greece totaling €34 million, and a significant programme write-down at Five amounting to €22 million.

According to Media Guardian,

after several years of growing its share of the UK TV ad market Channel Five's share dropped from 9.6% to 8.4%.

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