Losses jump at TV3 but ‘storm weathered’

Annual losses at independent broadcaster TV3 jumped by nearly 4% last year from €6.77m to €7.04m.

As well as the total loss figure, the Ballymount-based broadcaster’s group results — which were published yesterday and cover both the main TV3 station and its sister channel, 3e — show that the company generated earnings before interest, tax, depreciation and amortisation (EBITDA) of €5.8m last year and operating profits (after exceptional items) of €1.4m.

That was despite expenditure associated with a new trading scheme and costs associated with the new Sony high-definition studio.

The earnings figure represented a 5.45% increase on the previous year, when EBITDA of €5.5m was generated. Last year’s operating profit marked an improvement of over 55%, meanwhile, with the €1.4m figure rising from 900,000 in 2011.

Although down by 1.8% on the previous year, group revenues — €58.6m versus €57.6m — still outperformed the broader advertising market, which was down by 9%.

TV3 Group chief executive, David McRedmond said that 2012 and the first half of this year saw “the most difficult trading environment for advertising”, but that the company had weathered the storm with increased earnings and revenue outperformance.

Management said that while the severe market weakness continued into the first half of the current year, there has been improvement in the second half and the group has traded in line with expectations.


Aileen Lee meets Christina Kenny - co-founder and design director of Lamb Design - to talk about her work and inspirations.Christina Kenny of Lamb Design: ‘I love bringing the outside in and inside out’

Tyrone designer Sharon Wauchob on her career and the worth of luxury fastion. By Paul McLachen.From Marc Jacobs to her own label, Tyrone designer Sharon Wauchob on her life in fashion

The recent sentencing of two teenage boys for the murder of Ana Kriégel has once again brought the issue of pornography into public discourse. The details of the case, which are finally coming into public knowledge, illuminate some very worrying trends that are pervasive in the modern adolescent world and as parents and indeed as a society we can no longer languish in complacency.Learning Points: Hardcore porn can pollute our children’s minds

If children are confident in interacting with others it takes away so much stress and social anxiety for them. Not too long ago, my daughter Joan and I were out with friends at a restaurant and we wanted extra water and a few other bits and Joan volunteered to go up and ask the waiter for them. My friend was really surprised at this and said that none of her children would willingly do that.Mum’s the word: We should look for chances to strengthen our kids’ social skills

More From The Irish Examiner