Mediaset ups first-half profit and revenue

Italian broadcast group Mediaset has reported a 16.7% increase in first-half net revenues of €2.3bn and a 33.7% increase in net profit of €241.6m.

Premium revenues from the company’s Italian pay-TV operations came in at €229.7m, a 55% year-on-year increase. Italian TV ad revenues increased 5.3%, taking the total to €1.4bn. Mediaset’s Spanish revenues, from free-to-air broadcaster Telecinco, were €461m, a 43.7% year-on-year rise. Telecinco’s ad revenues increased 39.2% in the period.