Television

Network18 Media on a turnaround trail

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/09/12/18.jpg?itok=unIpHt1p

MUMBAI: The Network18 group is doing very well, thank you. The group’s media holding company Network18 Media & Investments has reported results which show that the management led by managing director Raghav Bahl and group CEO B. Saikumar is slowly but surely driving it back to profits.

The company has reported revenues of Rs 679.5 crore in Q4 FY 2013 as against Rs 697.4 crore in Q3 FY 2013. Revenues for the full financial year ending 31 March 2013 are at Rs 2400.8 crore as against Rs 1943.8 crore – a jump of 23.51 per cent. This was driven primarily by an almost doubling in revenues from its digital content and ecommerce vertical to Rs 400.9 crore (from Rs 233.8 crore) for the whole year. Its television and motion picture vertical too leaped ahead 36.62 per cent in revenues to Rs 1725.5 crore (Rs 1262.9 crore).

The company shaved off its operating expenses for Q4 2013 to Rs 666.8 crore from Rs 686.8 crore in Q3 FY 2013. For the whole year ending 31 March 2013, its operating expenses rose to Rs 2440.1 crore (Rs 2239.9 crore).

Operating profits for the group during Q4 2013 were at Rs 12.8 crore against Rs 10.6 crore during Q3 FY 2013 keeping its operating margin at 2 per cent. During Q4 FY 2013, there was a drop in the company’s television and motion picture unit’s operating profits to Rs 34.6 crore (from Rs 48.1 crore). The operating losses for its digital content and e-commerce vertical fell to Rs 24.3 crore from Rs 31.3 crore in this period. The operating margins for its television and motion picture business in Q4 FY 2013 decreased to seven per cent (nine per cent in Q3 FY 2013).

For the whole year, there has been a drastic reduction in its operating losses to Rs 39.2 crore (Rs 296 crore). Its television and motion picture business which reported operating profits of Rs 107.1 crore (Rs 1.6 c rore) and allied businesses (publishing), which saw a decrease in losses to Rs 46.9 crore from Rs 118.8 crore, helped staunch the red ink. Its digital and e-commerce business continued to lose money operationally with an operating loss of Rs 125.4 crore (Rs 126.3 crore). The operating margins for its TV and motion pictures have improved from 0 to 6 per cent for the full year.

Network18's consolidated debt as on 31 March 2013 stood at Rs 211 crore, down 90 per cent from Rs 2130 crore at the end of FY12.

Interest costs for Q4 FY 2013 were reduced to Rs 38.9 crore (Rs 53.1 crore in Q3 FY 2013). For the whole year it managed to keep its interest cost under control at Rs 272 crore (Rs 270.7 crore in FY 2012).

It managed to report a net profit of Rs 50 lakh in Q4 FY 2013 (Rs 6.8 crore in Q3 Fy 2013). For the full year, it managed to improve its bottomline with a reduction in losses to Rs 105.5 crore (Rs 392.7 crore).

During the year, Network18 profitably sold its entire stake in Newswire18, divested its Yellow Pages and Askme businesses and diluted its majority stake in Book My Show. These transactions, in line with the strategy to exit non-core businesses, added Rs 180 crore to the annual profit and raised Rs 235 crore for the Network18 Group.

Says Bahl: “We are delighted to inform our investors and stakeholders that at both Network18 and TV18, we have successfully deleveraged our balance sheets and have delivered strong operating performances. Network18s and TV18s net debt now stands at less than one-fifth of the peak levels and our interest payments have come down sharply. We are confident that we are now entering a sustained value creation phase in our journey as we continue to strengthen our existing operations and consolidate our regional acquisition.”

Adds B. Saikumar: “We are extremely pleased that our digital and broadcast operations have turned in a sustained and healthy operating performance during the year despite softness in the advertising environment. Our e-commerce businesses have turned in another stellar year and our digital content businesses continue to grow steadily. We are now on a solid net distribution income trajectory and while our flagship channels like CNBC TV18/Awaaz, Colors and CNN IBN continue to perform admirably, we are also enthused by the performance of recent launches and the motion pictures business. Inspite of near term challenges given the macro-economic headwinds, we are hopeful of delivering a strong year ahead.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/19/Women_team.jpg?itok=GlXhW-Eb
Nielsen on changing landscape of global sports

MUMBAI: The global sports industry is undergoing more disruption than ever as a result of ongoing shifts in media consumption, the emergence of new technologies and a rapidly evolving sponsorship market.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/itw.jpg?itok=k4WnARII
ITW Consulting appoints Navneet Sharma as president, international strategy, sales & IP development

ITW Consulting, a global sports commerce specialising in crafting and executing multi-faceted brand management solutions across sports, entertainment and media, has appointed Navneet Sharma as president international strategy sales and IP development w.e.f. from May 2018.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/sony-yay.jpg?itok=GTr6gvkA
Get ready to Kick- start this summer with revelry!

Haven’t we secretly wished we had superpowers or a friend who is a superhero? A friend with whom we could take on all the wrong doers of the society? Look no more…Sony YAY! is bringing this dream to fruition this summer! Introducing the boy next door, a champion, a friend, a hero…the channel...

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/Purushottam-Vaishnava.jpg?itok=QnKdpDt0
ZMCL appoints Purushottam Vaishnava as editor-in-chief, business head of cluster-1 channels

MUMBAI: Purushottam Vaishnava has been appointed as editor-in-chief and business head for cluster-1 of channels of Zee Media Corporation.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/Vikas_Khanchandani.jpg?itok=lGOzEL7x
RepublicWorld delivers a smashing performance on its video watch time and all its digital assets for the Karnataka Elections 2018 counting day

RepublicWorld, India’s No.1 English news channel, has set a new benchmark for its digital assets on counting day of the Karnataka Elections 2018.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/Star_Sports.jpg?itok=vTXJxLOm
Star Sports 1 Hindi back in lead as Zee Telugu enters across genres list

BENGALURU: IPL 11 broadcasting Hindi Sports channel Star Sports 1 Hindi regained apex position in Broadcast Audience Research Council’s (BARC) weekly list of top 10 channels across genre NCCS all India (U+R): 2+ individuals in week 19: Saturday, 5 May 2018 to Friday, 11 May 2018.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/jio_screenz.jpg?itok=KAx-eCUT
Jio partners Screenz for interactive TV solution

MUMBAI: Mukesh Ambani’s Reliance Jio is wanting to capture every pie of the media and entertainment business. Even as it charters new growth avenues in digital, Jio has announced a partnership with Screenz to launch Jio Screenz.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/17/aaj-tak-barc.jpg?itok=XGkAVjra
Aaj Tak garners top spot in all three genres in BARC week 19

Aaj Tak garnered the top slot in all three Hindi news markets, dethroning India TV in the Broadcast Audience Research Council (BARC) week 19 ratings for 2018. Republic TV completed its one year anniversary on 6 May 2018 and maintained its top slot for all the 52 weeks.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/17/Kumkum-Bhagya.jpg?itok=IbXn_lEt
Zee TV leads GEC urban in week 19

Sony Pal and Star Bharat swapped their third and fourth position in Broadcast Audience Research Council (BARC) data of week 19 of 2018 in the Hindi GEC (U+R) market, whereas in rural markets Zee Anmol retained its leadership. Zee TV retained its leadership GEC urban market this week.

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories