Home › TX Group lowers H1 revenue outlook to 20% decline
 

Keywords :   


TX Group lowers H1 revenue outlook to 20% decline

2020-07-10 09:49:00| Telecompaper Headlines

(Telecompaper) TX Group, formerly known as Tamedia, said that it expects a decline in revenues of around 20 percent in H1 2020 compared with the previous year. This is a larger drop than a previous outlook that forecast a decline in revenues of between 10 and 15 percent, and also predicted an EBIT loss for the first half of this year. The company said that advertising revenues in the current year have fallen because of the coronavirus crisis. The daily and Sunday titles of Tamedia, the commuter newspapers of 20 Minuten and the advertising marketer Goldbach, are particularly impacted by the decline in advertising revenues. 

Tags: group revenue outlook decline

Category:Telecommunications

Latest from this category

All news
10.02Turning AI into Measurable Outcomes with Private Cloud
06.02How Proactive Threat Hunting Stopped INC Ransom Before the Alert
06.02Rackspace Technology at ViVE 2026
04.02Getting Started With AI: A Practical Path Forward
Telecommunications »
18.02Lower fuel prices and airfares help drive inflation down
18.02Plan to increase youth minimum wage could be delayed
18.02UK inflation falls to 3% in January
18.02Rise in tax-free pay allowance 'totally positive'
18.02I invested 12,000 in Brewdog - I think I've lost it all
18.02'Check your payslip' warns nurse who overpaid nearly 3k in tax
18.02School's 'cost of living cupboard' helps families
18.02WWETT Show 2026: Day Two Highlights
More »