Television

NDTV net loss Rs 21.2 million in Q1

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MUMBAI: NDTV posted a net loss of Rs 21.2 million for the quarter ended 30 June 2007, as compared to a loss of Rs 105.4 million during the corresponding quarter last fiscal.

On a consolidated basis, the net loss stood at Rs 149.2 million for the first quarter of FY08, compared with a consolidated net loss of Rs 82.4 million during the corresponding period last year.

During the period, the company’s consolidated total income was at Rs 736.9 million. Consolidated costs include expenditure on roll out of new businesses including entertainment and lifestyle channels.

A statement by the channel said its first Lifestyle channel was due to be launched in the next few weeks, and NDTV Convergence had developed new high revenue initiatives. With the receipt of $120 million dollars in funding, NDTV Networks had achieved funding for present business plans.

It also claimed that while costs are stabilized, NDTV is the only news channel not to become tabloid and to retain credibility and highest standards and advertisers were responding positively to this exclusive positioning by NDTV. NDTV Profit continued to enjoy the highest viewership among business channels, the statement said.

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