’s The North Road Company and the move to take over Warner Bros Discovery’s shares in streamer Joyn, which is moving to “center stage in the group’s digital entertainment presence.”
In German-speaking regions, advertising downturn impacts were down 10% to €430M. Even so, rumors have emerged this month that the company is keen to acquire Sky’s German TV operation. However, it said “persistently high inflation and increasing consumer restraint” in Germany, Austria and Switzerland had “significantly influenced” the revenues it posted, with the advertising market particularly hit, hence the NuCom impairment. It also noted last year’s third-quarter group revenues were at a record high, as the world recovered from the worst effects of the pandemic.
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