Chile’s TVN doubles losses

Chilean free-to-air channels presented their financial results for the first half of 2018. According to the data, the state-owned channel TVN doubled its losses compared to the same period last year. Mega and Canal 13 reported positive results.
TVN reported losses of CH$ 9,024 million (USD 13.1 million). The channel said the results are explained by a 21% drop in advertising sales, and lower ratings results during the first months of the year of “Dime quién fue” y “Wena Profe” telenovelas.
Chilevisión (Turner) also reported losses: CH$ 6,885 million (USD 10 million) during the first six months of 2018, compared to the CH$5,940 million (USD 8.6 million) of previous year.
Mega (Grupo Bethia), the leading audience channel in the country, reported profits of CH$ 1,145 million (USD 1.7 million) during the first half, an increase of 141.98% compared to CH $473 million (USD 688 million) last year. The channel had sales of CH$ 48,371 million (USD 70.4 million), up 3.96% from the first half of 2017.
Canal 13 (Andrónico Luksic) reported profits of CH$ 1,933 million (USD 2.8 million) in the first half of 2018, compared to losses of CH$ 4,888 million (USD 7.1 million) of 2017, and with negative results during the last four years, El Mercurio reported. During 1H18, the channel reported sales of CH $ 39,554 million (USD 57.5 million), up 17.5% from previous year.