Spanish multimedia conglom Sogecable posted net operating profits of Euros3.3m (pts 548m) for 2000, a rise over the previous year's losses of Euros22.6m (pts3,768m). The group's net consolidated losses were down 18.2% from 1999 to Euros11.4m (pts1,900m).
The company has grappled with debt since the expensive 1997 launch of digital satellite TV platform Canal Satelite Digital (CSD). Upkeep of CSD requires steep costs for content, particularly rights to cinema and football.
As of February 9, CSD and sister pay outlet Canal Plus boasted more than two million subscribers between them, marking a rise of 75,000 since December 31, 2000 and maintaining their position as pay TV leaders in Spain. Housed in giant Grupo Prisa, Sogecable is also home to producer Sogecine, distributor Warner Sogefilms, exhibitor Warner Lusomundo and rights house Sogepaq, among other interests.