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Italy's Mediaset first-quarter operating profit falls 47% as virus hits revenue

FILE PHOTO: The Mediaset tower is seen at the headquarter in Cologno Monzese, near Milan
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MILAN (Reuters) - Mediaset's operating profit fell 47% in the first quarter hurt by a drop in advertising revenue as the market plummeted in March due to the coronavirus outbreak, Italy's top commercial broadcaster said on Wednesday.Mediaset has to cope with coronavirus-hit companies postponing or scrapping advertising spending after the government imposed a nationwide lockdown to curb the spread..
Date Published: May 13, 2020
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