RTL: Five should make a profit later this year

first_imgWednesday 25 August 2010 8:11 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content Tags: NULL RTL: Five should make a profit later this year whatsappcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Former Five owner RTL expects the loss-making broadcaster to swing back into profit this year, despite clocking a first half loss of €49m (£40m) on the channel.The venture was sold to Express owner Richard Desmond last month for £103.5m. Its operating loss was just €6m but RTL wrote down a further €36m before offloading it.Desmond plans to streamline the operation, with 80 of its 300 staff expected to be out of a job.Among the most high profile leavers is Five chair and chief executive Dawn Airey, who actioned a clause in her contract guaranteeing her a job with RTL if Five was sold. RTL would not comment yesterday on what role Dawn would take with the firm.The news comes as RTL posted revenue growth of 7.5 per cent in its first half, with advertising income finally beginning to pick up.This allowed the media giant to swing to a profit of €257m, a remarkable turnaround after posting losses of €105m the year before.Chief executive Gerhard Zeiler said: “The stronger than expected rebound seen in the Western European TV advertising markets is the result of the overall economic recovery.” Share whatsapplast_img