Furthermore, reports Poslovni, only one ended the year with a loss and the two leading stations – Nova TV and RTL Televizija – saw their profit increase to HRK51.9 million (€7 million) and HRK13.4 million respectively.
Now under new ownership, Nova TV’s profit effectively doubled from the HRK26.5 million posted the previous year, while its revenues rose by HRK30 million to HRK418.7 million.
RTL Televizija, on the other hand, saw its profit triple from the HRK4.5 million posted in 2017, while its revenues increased from HRK303.9 million to HRK342.6 million.
Although the public broadcaster HRT’s profit fell from HRK100 million in 2017 to HRK81.3 million last year, it was much higher than the planned figure of HRK5.5 million.
2018 saw HRT launch a fifth channel and also invest significant funds in covering a number of sporting events.