Grupo Clarin Announces its Nine Months (9M09) and Third Quarter (3Q09) Results for 2009

Grupo Clarin Announces its Nine Months (9M09) and Third Quarter (3Q09) Results for 2009

BUENOS AIRES, Argentina, Nov. 11 /PRNewswire/ -- Grupo Clarin S.A. ("Grupo Clarin" or the "Company" - LSE: GCLA; BCBA: GCLA), the largest media company in Argentina, announced today its nine months and third quarter results for 2009. Figures in this report have been prepared in accordance with Argentine GAAP as of September 30, 2009 and are stated in Argentine Pesos, unless otherwise indicated.

   Highlights (9M09 vs. 9M08):    --  Net Sales totaled Ps. 4,895.4 million, an increase of 19.1% from 9M08,       mainly due to ARPU and subscriber growth in the Cable TV and Internet       access segment and, to a lesser extent, to higher advertising and       programming sales in Broadcasting and Programming, and higher sales in       the Printing and Publishing segments.   --  Adjusted EBITDA (1) reached Ps. 1,467.0 million, an increase of 20.6%       from 9M08, mainly driven by higher sales in the Cable and Internet       access and Broadcasting and Programming segments.   --  Grupo Clarin's Adjusted EBITDA Margin (2) was 30.0% for 9M09, compared       to 29.6% of 9M08.    --  Net Income totaled Ps. 194.3 million, a decrease of 29.8% from Ps.       276.9 million reported in 9M08.     FINANCIAL HIGHLIGHTS                  9M09     9M08   %Ch.    3Q09    2Q09    3Q08    QoQ    YoY   (In millions ------   ------ ------  ------  ------  ------  -----  -----    of Ps.)    Net    Sales      4,895.4  4,110.8  19.1% 1,668.3 1,717.4  1,506.0  (2.9%) 10.8%   Adjusted    EBITDA (1) 1,467.0  1,216.5  20.6%   504.1   527.3    451.8  (4.4%) 11.6%   Adjusted    EBITDA    Margin (2)    30.0%    29.6%  1.3%    30.2%   30.7%    30.0% (1.6%)  0.7%   Net Income    194.3    276.9 (29.8%)  103.4   125.7     60.1 (17.8%) 72.1%     (1) We define Adjusted EBITDA as net sales minus cost of sales (excluding       depreciation and amortization) and selling and administrative expenses       (excluding depreciation and amortization). We believe that Adjusted       EBITDA is a meaningful measure of our performance.  It is commonly       used to analyze and compare media companies on the basis of operating       performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is       not a measure of net income or cash flow from operations and should       not be considered as an alternative to net income, an indication of       our financial performance, an alternative to cash flow from operating       activities or a measure of liquidity. Because Adjusted EBITDA is not       an Argentine GAAP measure, other companies may compute Adjusted EBITDA       in a different manner. Therefore, Adjusted EBITDA as reported by other       companies may not be comparable to Adjusted EBITDA as we report it.    (2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Net Sales.    

Grupo Clarin S.A. will host a conference call and webcast presentation on Today, November 11, 2009 at 10:00am Eastern Time (12:00pm Buenos Aires time) to discuss its results for the third quarter and nine-month periods ended September 30, 2009.

Those interested in connecting via conference call are invited to please dial (0800) 092-3582 toll free from the U.K., 1 (800) 311-9401 toll free from the U.S., (0800) 333-0050 from Argentina, or 1 (334) 323-7224 from elsewhere 5-10 minutes prior to the start time. The Conference ID is #6118.

The webcast presentation will be available at http://www.grupoclarin.com.ar/ir

There will be a 60-day replay available starting one hour after the conclusion of the conference call. To access the replay, please dial (877) 919-4059 toll free from the U.S., or 1 (334) 323-7226 from anywhere outside the U.S. The replay passcode is: 75104650. The webcast presentation will be archived at http://www.grupoclarin.com.ar/ir

   Investor Relations Contacts     In Buenos Aires:          In London:                  In New York:    Alfredo Marin             Alex Money                  Melanie Carpenter   M. Julia Diaz Ardaya/     Lorna Ellen                 Pete Majeski    Alejandro Yu    Grupo Clarin S.A.         Temple Bar Advisory Ltd.    I-advize Corporate                                                           Communications   Tel: +54 11 4309 7215     Tel: +44 20 7002 1080       Tel: +1 212 406 3692   Email:                    E-mail:                     E-mail:   investors@grupoclarin.com info@templebaradvisory.com  clarin@i-advize.com  

First Call Analyst:
FCMN Contact:

Source: Grupo Clarin S.A.

CONTACT: In Buenos Aires: Alfredo Marin or M. Julia Diaz Ardaya or
Alejandro Yu, all of Grupo Clarin S.A., +54 11 4309 7215,
investors@grupoclarin.com; or In London: Alex Money or Lorna Ellen, both of
Temple Bar Advisory Ltd., +44 20 7002 1080, info@templebaradvisory.com; or In
New York: Melanie Carpenter or Pete Majeski, both of I-advize Corporate
Communications, +1-212-406-3692, clarin@i-advize.com

Web Site: http://www.grupoclarin.com.ar/ir

---

Profile: International Entertainment