, Columnist
RTL's Plot Twist
Not all broadcasters are equal in the face of the internet threat to revenue.
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Investors have an excuse to do some channel surfing. That's the message from RTL Group SA, Europe's second-largest commercial broadcaster by sales.
Before you get comfortable on that couch, a brief recap of the action so far: ProSiebenSat.1 Media SE's profit warning earlier this week triggered steep declines in shares across the industry. Investors were worried that the spending slowdown that's hit major advertising agencies like WPP Plc and Havas SA would rip into the broadcasters, which rely on dollars from commercials.