Home NENT announces SEK 700 mln Q4 charge for job cuts and FTA write-downs as it focuses on streaming
 

Keywords :   


NENT announces SEK 700 mln Q4 charge for job cuts and FTA write-downs as it focuses on streaming

2019-12-10 09:47:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment Group (NENT) said it has cut jobs in order to save some SEK 250 million a year, as it aims to offset currency headwinds and support the expansion of its Viaplay streaming service. It has announced a one-off charge of approximately SEK 700 million for the fourth quarter in redundancy costs and writedown of free-to-air television content and other assets. There is no change to NENT's profitable growth commitment for 2020.

Tags: on job charge cuts

Category:Telecommunications

Latest from this category

All news

»
14.11AKB48 1st
14.11kindle 10
14.11
14.11YAMAHA PORTATONE PSR-340
14.112003 112
14.11 14533.5
14.11caligari 17
14.11 amnjx 27circus
More »