German broadcast ProSiebenSat.1 posted a net loss of 1.7m, but beat analysts expectations as a series of cost cutting measures introduced last year started to take shape.
The company, which also operates channels across Scandinavia and Eastern Europe, posted a 14% fall in revenues to Â627m, compared to Â729m last year. However, a series of measures including centralisation of its free-to-air activities in Germany, helped safeguard the company against falling advertising revenues.
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