TITLE

Mediaset ad rev accounting under fire

AUTHOR(S)
Warner, Bernhard
PUB. DATE
March 2007
SOURCE
Daily Variety;36/2007, Vol. 294 Issue 47, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the shares of broadcast group Mediaset has declined again on March 5, 2007. Mediaset is being criticized by analysts who are openly questioning the way it accounts TV advertising revenues. The trouble started following Mediaset's after-market statement on March 1 that it expected 2006 net profit to dip 16.3% year on year to $666 million. Mediaset created a revenue shortfall for 2006 when it shifted some $118.5 million in advertising revenue from 2006 to 2007.
ACCESSION #
24279262

 

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