Media Capital sees revenues slide

Portuguese media company Media Capital has posted half year revenues of €120.5m a 9% decrease from the previous year.

The company, which operates a raft of free-to-air TV channels and a TV production arm, also posted EBITDA of €20.6m as advertising revenues rose 1% to €73.3m over the last five months. However, its production arm posted a 20% decrease in operating revenues, which was not offset by the reduction operating costs.