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WoWoW posts loss

posted on 2001-11-30 03:00 EST
Frequent Anime broadcaster WOWOW announces a significant loss in its fiscal report.

Frequent Anime broadcaster, Japanese TV station WOWOW, has announced a significant loss for the first half of its fiscal year preceding Spetember 30th.

The satellite broadcaster, which is well known for exclusive Anime broadcasts such as NieA_7, Gatekeepers and Vandread, announced that a net loss of 2.32 billion yen (US$18.9 million) has put it officially into debt.

The network, which posted a 536 million yen profit in 2000, saw its profit decimated by increasing costs in the competitive digital broadcasting market.

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