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TV Today announces FY06-07 results, topline crosses Rs 200 crore mark

TV Today announces FY06-07 results, topline crosses Rs 200 crore mark

Author | exchange4media Mumbai Bureau | Saturday, Jun 02,2007 9:18 AM

TV Today announces FY06-07 results, topline crosses Rs 200 crore mark

The TV Today Network Limited has announced its annual results for the financial year 2006-07. In this financial year, TV Today has launched its fourth 24-hour news channel called Dilli Aaj Tak, which is a utility-based channel specific to Delhi/NCR. This channel aims to provide the Delhi audience with any kind of information they need on Delhi – from news to shopping to eating out.

This year there has been a growth of over 20 per cent from last financial year’s figures, and the net profit has increased by 12 per cent.

Another development in the quarter was TV Today’s international foray. Aaj Tak and Headlines Today launched in the US on the Dish Network in the last financial year. An official communiqué quoted that the numbers of subscribers increased with this, and a separate feed was launched for the US, for both these channels. The separate feed aims at creating maximum value for the advertisers and more relevant content for the international viewers.

As per latest viewership data, Aaj Tak has a market share of 22.5 per cent in the core target group of the age group 15, all India.

G Krishnan, CEO, TV Today, said, “TV Today is on the growth track and we have continued to grow year-on-year despite the increasing number of players in the market. It is indeed heartening to note that as a network we have crossed the Rs 200 crore mark.”

Aroon Purie, Chariman and Managing Director, TV Today added, “In spite of increasingly competitive market, our profits have only increased every year. Each of our offerings is unique and that is why they have all made a distinct space for themselves. We will continue to deliver value to our investors and advertisers by expanding the news base.”

Aroon Purie further informed that a proposal to acquire the group’s radio business was underway.

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