Top Story


Home >> International >> Article

TV18 records 20 pc growth, reports Rs 19.5 lakh profit

Font Size   16
TV18 records 20 pc growth, reports Rs 19.5 lakh profit

Television Eighteen Ltd. yesterday announced a net profit of Rs 19.5 lakh for the quarter ended December 31, 2001 against a loss of Rs 1.48 crore in the previous quarter. The company recorded a 20 per cent growth in its total revenue, which rose from 6.5 crore in second quarter of the current financial year to Rs 7.7 crore in third quarter, the company has informed the Bombay Stock Exchange. TV18 shares closed at Rs 97.05, down Rs 0.60 on the Bombay Stock Exchange.

The company’s third quarter gross profit figure stood at Rs 67.4 lakh, which includes tax provision of Rs 7 lakh and Rs 40.8 lakh as extraordinary charges.

According to industry sources, the company would be focussing on expanding to other major business news centres in the country while keeping costs in check. Television Eighteen is looking for stringers on retainership basis to expand into cities like Ahmedabad, Chandigarh and Jaipur, where it does not have full-fledged bureaus at present.

The company’s entertainment division is now left with about five permanent employees and functions on a need-based approach, taking in people for specific projects from time to time.


Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Under the watchful eye of Walt Disney, Bindass undergoes brand repackaging with a fresh new show ‘Dil Buffering’ simulcast across its linear and social media platforms on September 29 and will launch...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...