Football, radio station sales cut RTL Nederland profit 36%
Thursday 23 August 2012
Media group RTL Nederland booked net profit of €208m in the first six months of this year, down 36% on a year ago.
The decline is partly due to lower income from advertising following the sale of radio stations 538, Gold and Slam FM, news agency Novum reported on Thursday.
However, television advertising revenue also fell 25%, which RTL blamed on the European football championships. This led viewers to switch to Nos which had broadcasting rights, Novum said.
Investments in digital products also ate into net profit, but the number of visitors to RTL websites has risen 32% to 17.3 million over the past year, the news agency quoted RTL director Bert Habets as saying.