Television

Slowdown hurts TV18, Q1 net loss at Rs 242.5 million

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/01/17/tv18.jpg?itok=8be4hnB4

MUMBAI: The economic downturn continues to hurt news channels even in the first quarter of the fiscal. TV18 has slumped into net loss of Rs 242.46 million, compared to a profit of Rs 126.60 million a year ago, as revenue has slowed with companies cutting advertising spending in a recession-ridden market.

TV18, which owns and operates business news channels CNBC TV18 and CNBC Awaaz, has seen a 24.53 per cent decline in the first-quarter revenue to Rs 568.57 million, as against Rs 753.35 million in the corresponding quarter of the previous year.

Operating expenses stood at Rs 471.20 million, as against Rs 469.65 million in the first quarter of FY'08.

Says TV18 MD Raghav Bahl, "While our business news channels have continued to build on their dominant positions in the face of new launches, revenues have yet to recover fully.”

On a consolidated basis, TV18 posted a net loss (profits after tax and before minority interest and ESOP charge out) of Rs 416.35 million for the quarter ended 30 June 2009. This is higher than the year ago loss of Rs 57.65 million.

The consolidated results include financials of Web18, Newswire18 and Infomedia18.

Consolidated revenue for the quarter went up by 15.41 per cent to Rs 1.07 billion, as against Rs 929.92 million in the previous fiscal. Operating expenses surged 41.46 per cent to Rs 1.04 billion (from Rs 732.31 million).

Says Bahl, “We are happy to report an incipient turnaround in the company's operations, after two extra-ordinarily tough quarters."

Web18, which houses the web properties of the group including in.com, has reported a net loss of Rs 88.23 million as against a net loss of Rs 81.41 million. Revenue from operations were up marginally at Rs 142.10 million, from Rs 131.58 million in the same period of the previous fiscal.

“Web18 has cut its operating losses sharply, as it moves out of investment phase. In.com, Moneycontrol.com and ibnline.com have strengthened their leadership positions, while other portals are acquiring new audiences,” says Bahl.

Newswire18, on the other hand, has shown a 65.55 per cent rise in revenue at Rs 74.48 million (against Rs 44.99 million). The net loss of the company came down to Rs 14.37 million in the quarter, as compared to Rs 38.04 million.

“Newswire18 revenues have been buoyant, and its operations are close to breaking even,” adds Bahl.

Infomedia18 has posted a revenue of 288.12 million and operating loss of Rs 21.97 million. The net loss (before minority interest) was at Rs 71.30 million.

Says Bahl, “Infomedia18's operations have been restructured, cutting down operational losses to a fraction of earlier levels. Forbes India has generated a strong launch momentum with paid copies and subscription numbers tracking ahead of business plan. We are satisfied that the operational turnaround is proceeding according to our expectations."

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/kbc.jpg?itok=CMtI933J
Sony Entertainment climbs to second position, Zee Anmol retains lead in two markets

While Zee Anmol retained lead in two markets, KBC-backed Sony Entertainment bagged the second position with high ratings in the urban market. Zee Anmol retained lead in Hindi (U+R) and rural markets, whereas Star Plus led the urban market in week 37 of Broadcast Audience Research Council (BARC)...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/Arnab-Story.jpg?itok=_k8ssaP8
English News ratings' slide continues although Republic TV viewership improves slightly

The Arnab Goswami headed Indian English News channel Republic TV has been leading the genre in terms of viewership right from week 19 of 2017, the week the channel was launched.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/pkl.jpg?itok=QRMl_i1P
Sports: Star India channels pocket four out of top five slots

One would easily spot Star India taking over four of the top five positions in BARC India's week 37 sports ratings data, doubling its tally as compared to week 36. Last week, Sony had conquered three slots out of the top five list.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/Kisan_channel1.jpg?itok=nz2R35_l
Nine Doordarshan 'kendras' fail to utilise budget for Kisan channel

NEW DELHI: Nine Doordarshan 'kendras' (centres) including four in the northeast failed to utilise budgetary allocation for Kisan channel programmes in the first quarter of 2017-18. On the other hand, the Central Production Centre in Delhi exceeded using its allocated budget.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/partha-dey.jpg?itok=VFLSvk43
Dishum Broadcasting appoints Partha Dey as COO

Dishum Broadcasting has appointed Partha Dey as the chief operating officer (COO), reporting to the board of directors. His new portfolio would include overseeing and managing broadcasting operations including programming, OAP, consumer research and branded content.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/zeel.jpg?itok=9lMfXwcM
&Privé HD ropes in Fiama and Vaseline, premieres with 'Moonlight' on Sunday

ZEEL's new channel &Privé HD, which promises to treat cinema lovers, through collaborations with Hollywood studios -- Sony Pictures and Paramount, has roped in partners Fiama and Vaseline.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/punit-goenka.jpg?itok=F3zkFQnz
ZEEL CEO Punit Goenka motivates youth, honours his one-millionth Twitter follower and family

One of the leading traditional Indian broadcasters ZEEL acknowledges and recognises the importance of new media. It has kept its promise with India's social media enthusiasts and followers, and honoured them.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/tv.jpg?itok=caAgyiz5
Most TV execs can't sell streamlined multichannel ads, rely on homegrown tech: Study

Most TV companies are unprepared for advanced TV, a research has revealed.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/rajat-sharma-800x800.jpg?itok=7u0-8_Cb
New NBA president Rajat Sharma to strive for healthy competition in fraternity

India TV founder and chairman Rajat Sharma has been elected as the president of News Broadcasters Association (NBA).

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories