Home › TX Group lowers H1 revenue outlook to 20% decline
 

Keywords :   


TX Group lowers H1 revenue outlook to 20% decline

2020-07-10 09:49:00| Telecompaper Headlines

(Telecompaper) TX Group, formerly known as Tamedia, said that it expects a decline in revenues of around 20 percent in H1 2020 compared with the previous year. This is a larger drop than a previous outlook that forecast a decline in revenues of between 10 and 15 percent, and also predicted an EBIT loss for the first half of this year. The company said that advertising revenues in the current year have fallen because of the coronavirus crisis. The daily and Sunday titles of Tamedia, the commuter newspapers of 20 Minuten and the advertising marketer Goldbach, are particularly impacted by the decline in advertising revenues. 

Tags: group revenue outlook decline

Category:Telecommunications

Latest from this category

All news
20.01Redefining Detection Engineering and Threat Hunting with RAIDER
Telecommunications »
29.01Planning bids for new homes rise in England but building remains low, data suggests
29.01H5N1 Risk to Swine Research Program seeks 2nd round of proposals
29.01duBreton responds to Canada's approval of the PRRS-resistant pig
29.01Boss of Post Office IT scandal firm Fujitsu to step down
29.01Winter lice hit cattle hard this season
29.01Ministers reject Waspi calls for compensation after rethink
29.01Ministers reject Waspi calls for compensation after rethink
29.01Cattle on Feed suggests continued tight supplies and limited heifer retention
More »