M6 1Q Revenue EUR361.1 Million, Up 10% Vs EUR327.4 Million Year Earlier
May 04 2010 - 2:22AM
Dow Jones News
French broadcaster M6 Metropole Television (MTPVY) said Tuesday
its revenue for the first quarter of this year was 10% above that a
year earlier, driven by non-advertising revenue.
First-quarter revenue was EUR361.1 million compared to EUR327.4
million previously.
Advertising revenue rose by 4.5% to EUR179.1 million, including
EUR150 million for M6 channel's advertising revenue, while
non-advertising revenue was 17% higher at EUR182 million.
The company said it plans to pay a dividend of EUR2.35 a share,
including a EUR1.50 special dividend related to the sale of M6's
5.1% Canal + France stake to Vivendi SA (VIVDY), for a cash amount
of EUR384.2 million.
M6 said it had net cash of EUR553.2 million at the end of
March.
-By David Pearson, Dow Jones Newswires; +331 4017 1740,
david.pearson@dowjones.com
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