TV18 Q1 consolidated revenue at Rs 682 million

MUMBAI:TV 18's consolidated revenues surged to Rs 681.57 million for the first quarter ended 30 June 2007, up from Rs 453.66 million in the year-ago period.

TV 18 has posted a net profit of Rs 76.19 million on a turnover of Rs 579.23 million from its news operations for the first quarter ended 30 June 2007.

In the year-ago period, revenue was at Rs 402.12 million while net profit stood at Rs 36.86 million. The company runs business channels CNBC-TV18 and CNBC-Awaaz.

Though revenue from internet and software operations jumped to Rs 93.41 million from Rs 51.54 million, TV 18 incurred a net loss of Rs 25.53 million as against a profit of Rs 21.29 million in the corresponding period of the previous year.

"The investment losses of Web 18 are minimised by strong revenues of existing portals," the company said in an official release. Web 18 has commenced conversion to US GAAP standards.

Newswire 18's revenue stood at Rs 8.93 million while net loss was at Rs 49.92 million for the quarter. TV 18 acquired Crisil MarketWire (CMW) from Crisil Ltd and rechristened it as Newswire 18.

Commenting on the performance TV18 MD Raghav Bahl said,: "We are thrilled with this Quarter's performance. While our channels are scaling new heights in the business news space, the internet properties under Web18 have started posting robust revenues. Newswire18 has expanded its network and is ahead of its business plan."

Latest Reads
Zeel ad revenue & profit up in Q2 despite GST impact

The Subhash Chandra led Zee Entertainment Enterprises Limited (Zeel) reported a 2.9 percent increase in advertising revenue for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). Zeel says in a press release that despite the...

Television TV Channels GECs
Colors regains no 1 spot in urban HSM: BARC week 41

MUMBAI: Colors has got its mojo back as it replaced Sony Entertainment Television to claim number one position in week 41 of Broadcast Audience Research Council (BARC) all India data. On the other hand, Zee Anmol continued to lead the Hindi GEC (U+R) and rural market. Hindi GEC Zee Anmol continued...

Television TV Channels Viewership
Star Sports launches new anthem as Vivo PKL Season 5 nears finale

MUMBAI: Star Sports, India’s leading sports broadcaster, launched Doompak Doompak, a new anthem dedicated to Vivo Pro Kabaddi League (PKL) as the season five finale draws close. The anthem is created by Star Sports’ creative team and directed by Amol Patil. Celebrating the Kabaddi mania that has...

Television TV Channels Sports
Colors Infinity climbs two slots and Food Food enters top 5

MUMBAI: Colors Infinity SD climbs two slots in the English entertainment genre according to all-India BARC week 41 data. AXN dropped two slots to fourth position in the English movies genre. Discovery Channel retained its leadership in the infotainment genre, whereas Food Food made an entry in the...

Television TV Channels Viewership
Dominance of Republic TV continues as genre ratings plunge

BENGALURU: The Arnab Goswami-led Republic TV continued to lead the English News genre as the combined weekly ratings of the top 5 English News channels for week 41 (Saturday, 7th October 2017 to Friday, 13th October 2017) reached a new nadir – the lowest ratings in the second half year of 2017 to...

Television TV Channels News Broadcasting
RSTV editor to be chosen by new panel comprising Prasar chief, MP Dasgupta and journalist Srivastava

MUMBAI: A search-and-select panel comprising lawmakers, senior journalists, Prasar Bharati and Rajya Sabha Secretariat officials has been formed to pick Rajya Sabha Television (RSTV) editor-in-chief.

Television TV Channels People
Viacom expands Zaldivar-Clark's role as Paramount SVP - talent

MUMBAI: Viacom Inc. has announced the appointment of Jennifer Zaldivar-Clark as the senior vice president of talent for Paramount Network. In this expanded role, Zaldivar-Clark will oversee Paramount Network’s newly formed talent function and will continue to serve as the SVP of Talent and...

Television TV Channels People
Strong economic logic underpins several events, says Gurumurthi, as ET Now adds new viewer category

A while ago, the Times Network decided to embark on a mission to provide more to its business viewers of ET Now. Rather than overdose them with business news 24X7, it decided to show them how general news can also be viewed with a business lens.

Television TV Channels News Broadcasting
Discovery-like Doordarshan channel recommended to environment ministry

MUMBAI: Doordarshan’s experiments with specialised channels aimed at various sectors did not see the outcome on expected lines. It may, however, come up with a 24×7 channel dedicated to an issue. The third National Wildlife Action Plan (NWAP), effective till 2031, has recommended setting up 'DD...

Television TV Channels Terrestrial

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories