Mediaset Espana : Stabilisation of Spain’s advertising market in Q3
>Q2 2020 results in line with expectations - Mediaset España yesterday reported its Q2/H1 2020 results, which were in line with our expectations (EBIT of € 89m vs € 88m forecast). Key takeaways from the publication: 1/ Q2 2020 advertising revenues were down 50% (vs -48% forecast). Over the first half, advertising revenues declined by 30.6%. The group's TV advertising market share came to 43.3%, up 15bp; 2/ Q2 EBIT came to € 27.1m whereas we had forecast € 28m. This g...Gestevision Telecinco is a television network company based in Spain. Co. heads a group of dependent companies, which form the Telecinco Group. Through its subsidiaries, Co. is engaged in the management and commercial exploitation of a television network. Co.'s television network acquires, produces, and distributes audiovisual content. Co. also sells the network advertising airtime, carried out by its subsidiary. In addition, Co. is involved in the sale of other advertising products; production of news programs; the production and sale of audiovisual property rights; and teleshopping.
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