Fremantle Owner RTL’s Revenues, Profits Take a Hit Due to Weak Advertising Market

Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, dipped 5.2% to €6.2 billion ($6.7 billion) for the financial year 2023. The company attributed this to lower TV advertising revenue and lower Fremantle revenue. The company’s EBITA (earnings before interest, taxes and amortization) slid to €782 million, down from €922 million in […]