Restructuring boosts TV18 numbers for fiscal 2019

The restructured TV18’s total income was Rs 4,978.17 crore.

BENGALURU: Restructuring at TV18 Broadcast Ltd (TV18) and its parent Network18  has helped boost TV18 financial numbers for the year ended 31 March 2019 (FY 2019, year under review) as compared to the previous year. The restructuring included Viacom18 Media Private Ltd and Indiacast Distribution Private Ltd becoming subsidiaries of TV18 with effect from 1 March 2018 and the merger by absorption of four direct/indirect wholly owned subsidiaries. Due to the restructuring, numbers for the previous year are not comparable with the year under review.

The restructured TV18’s revenue from operations jumped to Rs 4,942.70 crore and total income to Rs 4,978.17 crore in FY 2019. For FY 2018, the company had reported revenue from operations as Rs 1,475.19 crore and total income of Rs 1,508.18 crore. Profit after tax and simple EBITDA for the year under review was Rs 210.40 crore and Rs 313.53 crore respectively. For the previous year, TV18 had reported PAT as Rs 8.93 crore and its simple EBITDA was Rs 58.97 crore. Total comprehensive Income for FY 2019 was Rs 201.28 crore, while for FY 2018 it was Rs 9.22 crore.

Let us look at the other numbers reported for fiscal 2019

TV18’s total expenditure in FY 2018 was Rs 4,862.25 crore, for FY 2018 it was Rs 1,512.39 crore in FY 2018. Operation costs in FY 2019 were Rs 2,439.80 crore, for FY 2018 operation costs were Rs 492.74 crore. Marketing, distribution and promotional expense in FY 2019 were Rs 826.55 crore, for FY 2018 they were Rs 282.60 crore. Employee Benefits Expense in FY 2019 were Rs 954.87 crore, for FY 2019, they were Rs 428.63 crore. Finance costs in the year under review were Rs 100.62 crore, for FY 2018 they were Rs 26.96 crore. Other expenses in FY 2019 were Rs 407.95 crore, for the previous year they were Rs 212.25 crore.

In its financial press release TV18 has mentioned the following comparative table which has the restated numbers for its current ownership structure:

For FY 2019, the company has restated numbers for current structure of ownership for its businesses as follows:

TV18 standalone (News business) operating revenue increased 14 percent in FY 2019 to Rs 1,079 crore from Rs 946 crore. News business EBITDA in FY 2019 grew 179 percent to Rs 92 crore from Rs 33 crore. Further breaking up the news business, national news (business+general) operating revenue grew 12 percent in FY 2019 to Rs 817 crore from Rs 732 crore. National news operating EBITDA increased 5 percent in FY 2019 to Rs 166 crore from Rs 158 crore. Regional news (Ex IBN Lokmat) operating revenue in FY 2019 increased 22 percent to Rs 262 crore from Rs 214 crore. Regional news (Ex IBN Lokmat) operating EBITDA was a lower loss of Rs 74 crore in FY 2019 as compared to an operating loss of Rs 125 crore in FY 2018. 

From its entertainment business (Viacom18+AETN+Indiacast) TV18 reported flat operating revenue of Rs 3,863 crore for FY 2019 as compared to Rs 3,868 crore for FY 2018. Entertainment business operating EBITDA was 6 percent higher in FY 2019 at Rs 221 crore as compared to Rs 208 crore in FY 2018. 

Company speak:

TV18 chairman Adil Zainulbhai said: “In a year of unprecedented change, we continue to invest in media and position ourselves to become a leader in the industry. The new tariff order has thrown up an opportunity for broadcasters to tailor content creation and curation as well as monetisation dynamics much more closely to the end consumer; thereby aligning supply to real demand. As regional and digital content takes over the mantle of driving growth from national GECs, it is even more imperative that we stitch together an ecosystem which can provide everything the new-age Indian needs.”

The company says that advertisers pulled back spends due to lack of stable viewership data after the implementation of the New Tariff Order (NT) on 1 February 2019. It says that gross subscription revenue growth has been impacted too, as subscriber base has yet to normalise due to implementation challenges. It says that FTA GEC Rishtey and Hindi movie channel Rishtey Cineplex were withdrawn from the DD Freedish platform and were re-introduced as pay TV channels on 1 March 2019 with some original programming and reinforced movie library.

Latest Reads
Star Sports launches MISSION 2020 with the Men in Blue

MUMBAI: The ‘Men in Blue’ have embarked on their quest to bring the ICC T20 World Cup Trophy home next year, beginning with the home season of cricket on Star Sports with South Africa tour of India that started on September 15th. Mission 2020 will showcase all India matches as they prepare for the...

Television TV Channels Sports
Zee Kannada’s Jote Joteyali launch breaks all records in the Kannada Television Industry

MUMBAI: The No. 1 Kannada General Entertainment Channel, Zee Kannada’s recently launched Jote Joteyali tops the charts in the Kannada television industry in the fiction genre. This eccentric love story garnered a total of 171% of growth in the prime slot of 8:30 PM, Monday to Friday. The record...

Television TV Channels Regional
CNN International to launch new programming

MUMBAI: CNN International, which reaches more than 400 million households around the world, is launching new programming from September 24, 2019. Broadcasting live at 2.30am IST, The Brief with Bianca Nobilo will provide viewers with an incisive look at the most significant live events and stories...

Television TV Channels News Broadcasting
FYI TV18 presents a modern dating show with a twist

MUMBAI: FYI TV18 is all set to burn up the dance-floor in its latest premiere, ‘Flirty Dancing’. Britain’s best-loved choreographer Ashley Banjo, who won ‘Britain’s Got Talent’ with his über-cool street-dancing moves, has now moved on to play cupid between strangers looking for love. With...

Television TV Channels News Broadcasting
Nitin Bawankule to join as Star India head of ad sales from 1 October

MUMBAI: Star India, today announced the appointment of Nitin Bawankule as the head of ad sales. In this role, Bawankule will be responsible for leading ad sales across both linear broadcast and OTT for Star TV network and Hotstar respectively. This appointment is effective 1 October 2019 and will...

Television TV Channels People
Discovery Kids to launch animated series ‘Fukrey Boyzzz’ on 12 October

MUMBAI: Discovery Kids is all set to up the ante with the introduction of fun filled animated series ‘Fukrey Boyzzz’ based on superhit Bollywood franchise ‘Fukrey’ and ‘Fukrey Returns’. The channel will start broadcasting the series ‘Fukrey Boyzzz’ on October 12th, 2019 onwards at 1.30 PM and 7.30...

Television TV Channels Kids
&PrivéHD celebrates two years of nuanced cinema with a special line-up of never-seen-before movies on Indian television

MUMBAI: To new emotions, new revelations, new stories and to the new beginnings! It’s celebrations galore as &PrivéHD, the premium destination for nuanced cinema, enters its third year of showcasing stories that go beyond the obvious. To commemorate this momentous occasion and the start of a...

Television TV Channels English Entertainment
Dream Theatre wins Licensing Mandate for 'Little Singham'

India’s homegrown hero will now be within an arm’s reach as Dream Theatre Pvt.  Ltd., India’s foremost licensing and branding representation company, has won the mandate for licensing and merchandising for Little Singham, a show inspired by the popular Hindi film Singham. 

Television TV Channels Viewership
BARC week 37: Kairali TV replaces Zee Keralam in Malayalam space

MUMBAI: In week 37 of BARC India ratings, Kairali TV has replaced Zee Keralam which was the new entrant last week in Malayalam segment. The channel garnered 68564 weekly impressions (000s). Gujarati segment also witnessed some changes. Colors Gujarati Cinema grabbed the leading position from Colors...

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories