Broadcaster RTL To Cut 600 Jobs In Germany [Barron's]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Barrons
"The media market is undergoing profound change," RTL Deutschland CEO Stephan Schmitter said. Advertisement - Scroll to Continue "To remain successful and competitive in the long term, we are aligning RTL Deutschland even more consistently with the streaming business." TV advertising revenue has fallen 20 percent since 2019, RTL said, while there are now more than 6.5 million subscribers to the group's streaming services, up from about 800,000 in 2019. RTL -- based in Luxemburg but majority-owned by German media group Bertelsmann -- employs about 7,500 people in Germany. In a statement, the German Journalists' Union said the cuts could impact the company's news output. Advertisement - Scroll to Continue "It is likely to be difficult for editorial offices to maintain their current standards with even fewer staff," union boss Mika Beuster said, calling the cuts a "catastrophe" for those involved. The news comes as European media groups are consolidating in a bid to comp
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CMCSA
Earnings
- 10/30/25 - Beat
CMCSA
Sec Filings
- 12/3/25 - Form 8-K
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- CMCSA's page on the SEC website