A "black zero" for Tele Ticino
For the third consecutive year, the Ticino-based private television station Tele Ticino broke even in 2007, according to Board of Directors delegate Filippo Lombardi. The radio station 3iii, operated by Tele Ticino, increased its revenue by 50 percent.
For the third year in a row, Ticino's private television station Tele Ticino achieved a black zero in 2007, as announced by Board Delegate Filippo Lombardi on Monday. Annual turnover climbed by 14 percent to 6.4 million francs, while costs remained at a cash flow of 320,000 francs. The station currently has 50 employees. It is hoping for a new license as a regional broadcaster with a performance mandate and a share of fees. At the same time, Lombardi reported the annual results of the local radio station Radio 3iii, which has been operated by Tele Ticino since January 2007 with a 42 percent shareholding, for the first time. Last year, the radio station experienced a boom, Lombardi continued, with a 50 percent increase in annual turnover to CHF 1.5 million and a profit after depreciation and tax of CHF 65,000. This reduces the losses of the past.
Finally, there is also the separation of the information portal Ticinonews.ch from Tele Ticino. The portal has been owned by the independent public limited company Ticinonews since the end of 2007, but is also managed operationally by TeleTicino and should be able to finance itself as early as 2008.
Finally, there is also the separation of the information portal Ticinonews.ch from Tele Ticino. The portal has been owned by the independent public limited company Ticinonews since the end of 2007, but is also managed operationally by TeleTicino and should be able to finance itself as early as 2008.
