TV3 loss widens in 2015

Exclusive rights to broadcasting the 2015 Rugby World Cup last year failed to turn around the fortunes of TV3 as pre-tax losses more than doubled to €16.95 million.

New figures show the firm behind the independent broadcaster TV3 Television Network Ltd sustained the 118% increase in pre-tax losses as revenues tumbled by 16.5% from €46.6m to €38.9m.

The directors state that TV3 last year launched a new schedule anchored by Irish programming including the exclusive rights to the 2015 Rugby World Cup and its new series Red Rock.