Irish Broadcaster TV3's Losses Double Despite Exclusive Rights To Rugby World Cup

Losses "doubled at TV3 last year," according to Gordon Deegan of the IRISH INDEPENDENT. Exclusive rights to broadcasting the 2015 Rugby World Cup "failed to halt a slide in pre-tax losses" that more than doubled to €16.95M. New figures show that revenue tumbled by 16.5% from €46.6M to €38.9M at the firm behind the independent broadcaster. The directors said that that last year TV3 "launched a new schedule, anchored by Irish programming including the exclusive rights to the 2015 Rugby World Cup and the new series, Red Rock." They said, "Despite the new programming, the increased market competition resulted in a decrease in the TV3 advertising revenue in 2015" (IRISH INDEPENDENT, 11/25).