RTL Confirms Guidance, Says All Foreign Stations Profitable -- Report
The Chief Financial Officer of Luxembourg'sRTL Group (RTL.BT), Elmar Heggen, confirmed the television broadcaster's
full-year guidance, according to pre-released excerpts of an interview to be published Sunday in Frankfurter Allgemeine
"For 2013, we are confident to reach an operating profit of more than 1 billion euros ($1.35 billion), as last year,"
the German newspaper quotes him as saying. Between 50% and 75% of the net profit should always be payed out as dividend,
he said, according to FAS.
RTL can feel the economic crisis in southern Europe in the advertising market, but all of the group's foreign stations
are profitable, because they responded rapidly by cutting cost, Mr. Heggen is reported as saying.
The first Asian pay-TV station of RTL's joint-venture with CBS Corp. (CBS) just went on air in Malaysia and Thailand,
and a second station is planned for spring, he said, according to the newspaper.
Write to Friedrich Geiger at email@example.com
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