TF1: cancels dividend and guidance

(CercleFinance.com) - TF1 says that its board of directors has decided to abandon the payment of a dividend at its AGM on 17 April, in addition to its 2020 guidance, which included a double-digit underlying operating margin and programming costs of 985 million euros.


However, its board of directors will meet in August to reassess the situation and analyse the prospect of paying a dividend for 2019, it said.

Recently, TF1 has noted a marked acceleration in cancellations of advertising campaigns that it would have broadcast, as well as an extension to the halt of filming for its content production business. programminf costs of 985 million euros.



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