Today is researching into how it can expand into print. It plans
to get into regional language newspapers, the source added.
Today chief executive officer G Krishnan was not available for comment.
company had earlier acquired the radio business of Radio Today Broadcasting,
a promoter group company, for a valuation of Rs 1.2 billion.
media analysts feel cracking the newspaper language markets will
be very difficult as there are existing players strongly entrenched
are unhappy with the radio acquisition, especially due to the high
valuation. It is better if TV Today launches regional news channels
rather than entering print (a high gestation period business) or
the radio space (a highly competitive and extremely small revenue
potential media vertical). The entry into radio and print could
be value destructive, an analyst at a broking firm said.
observer, however, said the revenue and valuation potential would
be much higher in case of print. They will expand into regional
news channels as well. They are waiting for the right time.
Todays consolidated second-quarter Ebitda turned negative
for the first time in 24 quarters as revenue dipped 6.6 per cent
while expenses climbed. Net loss for the three-month period ended
September 2010 stood at Rs 76 million. The company, however, is
expected to post a strong revenue growth in the third quarter and