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TelevisaUnivision Honored With 2024 Catalyst Award by the Ad Council
TVB's TV Channels Log 77% Market Viewership Share for Q3
tvb (00511.HK): The company is expected to achieve a significant positive EBITDA for the full year 2024.
Grassrootsline October 28th | tvb (00511.HK) disclosed the latest business situation and unaudited operating data for the three months ended September 30, 2024. 1. In the core television-related business during this quarter, the company continued to maintain its leading position in the ratings of Hong Kong's terrestrial free television channels, with a total market share of 77% of the ratings of the company's flagship channels like Jade Channel, 24-hour TVB news channel, and other channels. Ad revenue on Hong Kong's terrestrial free channels remained strong in the second half of the year. Based on the growth achieved in the first two quarters of the year, this quarter.
The morning gains on tvb continued to expand, with the stock price soaring by over 20%.
tmb (00511) continued to expand its gains in the morning session, with a sharp rise of 20.26%, now trading at 3.74 Hong Kong dollars, with a turnover of 26.6436 million Hong Kong dollars.
Television Broadcasts Raises HK$79 Million via Share Subscription
TVB (00511.HK) completes the distribution of 20 million shares, raising approximately 78.8 million Hong Kong dollars net.
The company TVB (00511.HK) announced on September 27 that all conditions in the subscription agreement have been met, and the subscription has been completed on September 27, 2024. The company has issued a total of 20 million new shares to the subscribers. The net proceeds from the issuance of subscription shares are approximately HK$78.8 million, which will be used for general corporate purposes, including operating funds for cooperation projects with streaming platform partners in China, for the production of joint drama projects. Depending on the time and cash expenditure cycle involved in different drama series, the group is expected to fully utilize the net proceeds from the subscription by December 31, 2024.
