Television

NDTV's news biz rev up 14% in tough quarter

MUMBAI: In a tough quarter, NDTV‘s news business has swung into net profit due to a 14.21 per cent jump in revenue.


Income from news operations rose to Rs 849.3 million from Rs 743.6 million a year ago. In this quarter, NDTV handed over its ad sales management to Star India.


"We did special projects like Greenathon. The quarter also saw strong subscription growth. Star‘s handling of our ad sales has also started yielding results because of their network strength," said a senior executive who did not want his name to be revealed.


NDTV‘s ad sales performance under Star will be under better judgement from the second quarter onwards as it has grown out of the transition phase.


"For news channels, it is important to rope in a new set of advertisers," said Star India ad sales president Kevin Vaz.



NDTV posted standalone net profit of Rs 98.1 million for the three-month period ended 30 June, compared with a net loss of Rs 241.2 million.
  
     
  The turnaround in net profit is, however, after taking into account a dividend income of Rs 191 million from a subsidiary, NDTV One Holdings, and other operating income of Rs 71.7 million due to another subsidiary arm.


“The financials of the business have turnaround this quarter on the back of a wider portfolio of income and lower dependence on ad revenues,” NDTV said.


NDTV suffered a loss from operations (before other income, interest & exceptional items) of Rs 43.3 million, compared with loss of Rs 203 million a year ago.


Expenses rose to Rs 1 billion from Rs 962 million in the corresponding quarter of the previous fiscal.



NDTV operates news channels NDTV 24X7 (English), NDTV India (Hindi) and NDTV Profit (English business).


On a consolidated basis, NDTV posted a net loss of Rs 179.8 million as against Rs 311.1 million in the year-ago period.


Operating loss of the company narrowed to Rs 179.2 million from Rs 269.7 million in the corresponding quarter of the previous fiscal.


Income from operations stood at Rs 1.07 billion, up from Rs 894.2 billion a year ago. Expenses during the quarter were Rs 1.29 billion, up from Rs 1.17 billion.


"Our verticals outside news have started doing well," said the executive.


Revenue from NDTV Convergence nearly doubled compared to the first quarter of 2010 while in NDTV Worldwide it rose 82 per cent. “The business has expanded its service offerings into the regional markets across India and emerging markets in Asia. The company worked with the Beximco Group in Bangladesh to launch a world class 24 hour news and current affairs channel on 28 July 2011,” NDTV said.


NDTV Lifestyle revenues grew 40 per cent over the same quarter last year. “NDTV Lifestyle focused on preparing and setting the stage for a significant scale-up of its flagship channel, NDTV Good Times this quarter. A distribution expansion exercise is underway and several big shows are in the pilot and production stages; these will be launched at appropriate times, over the rest of the year,” the company said.
 

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/cn.jpg?itok=BRpRY0Oq
Zapak and Cartoon Network India partner to launch ‘Ben 10 - Alien Run’ mobile game

Anil D. Ambani led Reliance Entertainment’s Zapak, India’s leading Gaming Destination, in association with Cartoon Network India, rings in the New Year with an epic launch for fans and gamers alike, with Ben 10 - Alien Run Mobile Game.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/makarskratni.jpg?itok=GEQT4q5A
Sony Entertainment Television makes Makarsankranti memorable for the commuters of Western Railway

The local trains in Mumbai are known to give a unique glimpse into the lives of Mumbaikars.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/atul.jpg?itok=WTNlgJrH
ZEE announces offer on Zee Family Packs, now at Rs. 39* per month

With the new tariff/pricing regime all set to come into effect from February 01, 2019 ZEE, the No. 1 television network of the country, announces attractive launch offers for its consumers. Zee family packs will be available for Rs. 39* only. This special launch offer has been devised for consumers...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/chopra.jpg?itok=7oVlfmU9
Viacom18 introduces VIACUBS - a day care facility for employees' children

In continuation of its gender inclusive policies such as a 36-weeks maternity leave and flexible work arrangement, Viacom18 today announces the launch of Viacubs – a child day-care service for Viacom18 employees. Viacubs is a part of Viacom18’s WAVE initiative which focusses on safety, wellness,...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/shaurya-mehta.jpg?itok=Kyr3wOqF
Privé Unscripted to offer thought-provoking content from BBC

ZEEL’s premium English movie channel - &PrivéHD - is all set to telecast its new offering from the BBC library- Privé Unscripted. It brings not just movies inspired by real life but life itself showcased in all its raw and unscripted glory. The content from ZEEL’s association with BBC Studios,...

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/palia.jpg?itok=N9_9Ii3e
MTV to up its game in 2019 with new format shows

After claiming to have doubled its viewership in 2018, MTV is all set to up its game by launching the eighth season of MTV Unplugged, a singing show, on 26 January, 8 pm onwards. Royal Stag Barrel Select and MTV have collaborated to present the program.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/graph.jpg?itok=xdrIJAzs
Hindi Movies most benefited genre in Chrome DM week 2

With a growth of 0.93 per cent as compared to last week (1), the Hindi movies genre marked the highest opportunity to see (OTS) among all categories in week 2 of Chrome Data Analytics & Media. In the Hindi ovies genre, Rishtey Cineplex gained the highest OTS with 95.1 per cent in HSM excluding...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/16/volley.jpg?itok=8Qd7RBy4
Pro Volleyball League players present Mumbai team jersey to Sunil Gavaskar

Pro Volleyball League stars Mohan Ukkrapandian from Kochi Blue Spikets (L) and Ranjit Singh from Ahmedabad Defenders (R) present the official UMumba jersey to Mumbaikar and cricketing legend, Sunil Gavaskar, who is a panellist on Sony Pictures Networks India’s live studio show, Extraaa Innings.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/16/nikhil.jpg?itok=NLbJtsSq
Nikhil Sangha’s Happy Anniversary has a powerful social message for all

While January 24 is observed as the National Girl Child Day across India, Nikhil Sangha’s short film ‘Happy Anniversary’ has a delicate yet poignant message for us all.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories