Half Year 2020 Television Francaise 1 SA Earnings Call Transcript
Ladies and gentlemen, welcome to the TF1 Group 2020 First Half Results Presentation. I would like now to hand over to Mr. Gilles Pélisson, Chairman and CEO; and Mr. Philippe Denery, CFO. Gentlemen, please go ahead.
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Well, good morning, everybody. This -- I will start with the highlight of the first half of 2020 for our group. As you -- I'm sure you realize during the COVID crisis, we believe our group has demonstrated in this very, very unique period, once again, its adaptability and strong reactivity. We are announcing this morning very strong ratings thanks, first of all, to the leadership we have on news cast, and then editorial choices who met, once again, the public expectations.
We were able to significantly downsize our programming cost, offsetting more -- over 50% of the decrease in our Advertising
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