© 2010 Rapid TV News
Iñaki Ferreras ©RapidTVNews | 30-07-2010
One of Spain's main media groups and owner of Net TV, Vocento, registered net losses of €3.71 million in the first half of this year against profits of €131,000 in the same period last year.
However, EBITDA was positive, at €28.22 million against losses of €9.53 million a year ago due to a reduction in expenses.
Vocento’s strategy is centred on its brands in the multichannel sector as well as on the convergence between the internet and the audiovisual.
"This way our advertising market broadens from the TV market, which by the way is the biggest one in Spain, and also from the internet which is the fastest growing one," a source said.
In the television sector Vocento has recently reached an agreement with MTV Networks International to include its music channel MTV Spain within one of its DTT channels Net TV.
Other news includes the imminent launch of La10, a new family channel to be included in the other Net TV's signal.
