Telegraaf Media Group revenue drops 5% in Q1
30 Apr 2014
The revenue of Dutch media company Telegraaf Media Group (TMG) declined from €130 million to €124 million ($171 million U.S.) year-on-year in the first quarter on difficult economic conditions that caused a drop in advertising and circulation revenue, the company said today.
Profit before tax dropped 23 percent to €7.6 million. Higher investment in sales contributed to the overall costs and hap