Atresmedia : Slight downward adjustment to our expectations for Q1
>Q1 was tough going for TV but showed a favourable trend for radio and digital - Following a contact with the company, this note provides an update on the advertising market in Spain, and we have slightly adjusted our Q1 2023 expectations for Atresmedia. As expected, it has been a tough start to the year in advertising. We now forecast a decline of 10% for the first two months of the year (lifted by February, given demanding comps), and we may credibly expect the tren...Atresmedia Corporacion De Medios De Comunicacion is a television and radio broadcasting company based in Spain. Co. is engaged in the indirect management of television and radio services, which include the broadcasting, creation, production and distribution of television and radio programming, and the sale of advertising time. Group companies mainly carry on business activities relating to the production, copying and broadcasting of sounds and images, and TV and Internet home shopping. Co. provides National and World Digital Television Services. Co. is the parent company of Grupo Antena 3.
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