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
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
11.01The FTSE 100 has hit a record high. Is now the time to start investing?
11.01The FTSE 100 has hit a record high. Is now the time to start investing?
11.01'I had no electricity for six months': American families struggle with soaring energy prices
11.01'I had no electricity for six months': American families struggle with soaring energy prices
11.01The real impact of roadworks on the country - and why they're set to get worse
11.01Google employee made redundant after reporting sexual harassment, court hears
10.01This Week in Agribusiness, January 10, 2026
10.01This Week in Agribusiness, January 10, 2026
More »