Atresmedia : Market still very sluggish but costs optimised, which safeguards EBITDA
>Q3 results broadly in line - Atresmedia released its Q3 results yesterday and they came out broadly in line with expectations. It followed them up with a conference call. Management delivered a cautious message on the advertising market in Q4 and mentioned a 1% contraction in Q4 (October is stable with price increases). We have revised down our forecasts for revenues, but the contraction is nevertheless mitigated by an effort on costs at the year end. In 2019, the gr...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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