Spanish Media Company Atresmedia Reports 52% Increase in Profits
In the world of media, Atresmedia, a Spanish media company, has been making headlines with its impressive performance in 2023. The company reported a profit of €171.2 million, marking a significant increase of 51.6% compared to the previous year.
Atresmedia's TV division, a key contributor to the company's success, generated €902.8 million in revenues. This division's growth was further reflected in the TV ad revenues, which increased by 1.2% to €783.8 million.
José Antonio Antón, the content director at Atresmedia, has been promoted to the role of General Director of Atresmedia TV. Meanwhile, Carlos Fernández, the former director of the TV Division, is now attached to the CEO, Javier Bardají.
In terms of audience share, Atresmedia TV continues to lead the market in Spain with a 26.8% share. One of Atresmedia's channels, Antena 3 TV, is also doing exceptionally well, leading the ratings with a 13.3% share.
Elsewhere in the media landscape, the space race is heating up. In the US, Starlink, Elon Musk's satellite internet service, has the potential to disrupt the cellular sector. Starlink and another competitor, AST SpaceMobile, are vying for cellular consumers. However, there might be trouble for foreign Direct-to-Dish (D2D) satellites over India, as the country's space race is wide open with numerous contenders.
Meanwhile, the business value of SpaceX's Starship is predicted to reach $2.5tn by 2030. A bank has also increased its investment in AST SpaceMobile, indicating optimism for the company's growth potential. Interestingly, the FCC claims dominance in Space Race 2.0, but there's speculation that there could be more growth from EchoStar.
On a different note, the South African Broadcasting Corporation (SABC) is facing a potential collapse. The circumstances surrounding this are not yet clear, but it serves as a reminder of the challenges faced by media companies worldwide.
In conclusion, Atresmedia continues to dominate the Spanish media market, while the global space race continues to evolve. As these industries adapt and grow, it will be interesting to see how they shape the future of communication and connectivity.
