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RTL lowers profit outlook as TV ad slump hits Germany and France

Nov 18 (Reuters) - European media group RTL RRTL.DE lowered its earnings forecast on Tuesday, citing weakness in the TV advertising business in Germany and France.

The company, which operates commercial TV networks in Germany, France and the Netherlands, now expects revenue of around 6 billion to 6.1 billion euros ($7.0 billion to $7.1 billion) and adjusted core earnings (EBITA) of 650 million euros this year.

It had previously guided for revenue of 6.45 billion euros and an adjusted EBITDA of 780 million euros.

($1 = 0.8624 euros)

(Reporting by Cian Muenster and Bartosz Dabrowski; Editing by Milla Nissi-Prussak)

((Cian.Muenster@thomsonreuters.com; bartosz.dabrowski@thomsonreuters.com))

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