PT Media Nusantara Citra (MNCN) Tbk, parent company of RCTI and Global TV, reported net profit of Rp696 billion in the first half, dropped 28.4% from the corresponding period of 2014, but mainly due to loss in foreign exchange translation. Revenues slowed down in the second quarter as advertisers cut their spending amidst economic downturn. This, however, has been anticipated.To subscribe please click here