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Sahara is also considering the merger of its broadcasting company
with the listed entity. Sahara India TV Networks is an unlisted
company which is the broadcasting arm for the Group's entertainment
and news channel operations. "We are looking at possibilities
of the structure," Aditya said, on being queried whether plans
were afoot to merge the broadcasting company with Sahara India Mass
Communication Ltd.
The listed company, which earned a net profit of Rs 65 million
on a total income of Rs 1.68 billion in 2004-05, produces software
and licenses it to SaharaOne. The earnings from the movie business
also get reflected in the company's revenues. Sahara India TV Network,
however, is a loss-making company.
Aditya is confident that Sahara's entertainment business including
TV and film would turn around by April 2006. "Whatever gap
there is, the two companies as a whole will turn around during this
period," he said.
Sahara's motion pictures business is doing extremely well while
ad rates for SaharaOne has gone up by 5-10 times, Aditya added.
Movie channel Filmy is likely to be launched this December.
SaharaOne will launch in the UK and the rest of Europe by the end
of this fiscal, Aditya said.
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