30th Sep 2013 08:35
LONDON (Alliance News) - DCD Media PLC issued a profit warning Monday, saying it was informed on Friday by partner WE: Women's Entertainment LLC that WE tv will not commission an 11th series of U.S. reality television programme Bridezillas.
DCD said the production has made a large contribution to its revenue in recent years, and unless replaced by new productions, "will result in substantially reduced revenue in 2014".
"The directors are reviewing the group's activities and intend to reduce operating costs to operate within their reduced revenue expectations," DCD said in a statement. "The directors are currently confident that they can successfully implement this strategy."
DCD said it would release its interim results later Monday.
In early trading Monday, DCD shares were down 12% at 700.00 pence per share.
By Tom Waite; [email protected]; @thomaslwaite
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