MADRID (Thomson Financial) – Gestevision Telecinco SA. believes the slowdown in the television advertising market could begin to improve in June, although the outlook remains uncertain, chairman Alejandro Echevarria said.
Speaking at a the Nueva Economia Forum, Echevarria said: ‘The advertising market is in a delicate situation … and though it’s likely to improve in June, the outlook remains uncertain.’
Telecinco is due to report first-quarter results on Thursday, with revenue seen depressed by a weakening ad market, which was hobby collezioni further hit by the effect of Easter falling in March, as opposed to April last year, and the general elections in March.
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