DECEMBER 1, 2001
EM.TV looking (a bit) better
The troubled EM.TV company is beginning to recover, having got rid of most of its shares in Formula One. The company posted a third-quarter profit of $5.9m.
At the same time Kirch's ProSiebenSat1 has issued a third profit warning in four months following a steep decline in advertising spending in October and November. The company said revenues are to decline by as much as eight percent in 2001.