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Others NDTV announces results for fourth quarter 2007

NDTV announces results for fourth quarter 2007

Author | exchange4media Mumbai Bureau | Thursday, May 24,2007 9:23 AM

NDTV announces results for fourth quarter 2007

NDTV has announced results for its fourth quarter. The key highlights of this quarter include that NDTV has got board approval to make structural changes in its news and business operations, unlock shareholders value, and to position news and business division for growth, and enable raising funds for expansion.

Result highlights include that NDTV revenues grew by 27.5 per cent, EBIDTA represented a 69 per cent year-on-year growth, and the operating profits have more than doubled, at Rs 5.47 crore.

The NDTV board has decided to explore appropriate structural changes in NDTV to position the news and business segments for their next phase of growth, with the objective of encouraging entrepreneurship within the company, and also continue to attract the best external talent. The proposed structure should also allow growth opportunities through acquisitions and/or strategic tie-ups in India and abroad, and benchmark operations with global peers to enhance the shareholder value.

The NDTV News Network delivered good revenue growth too. The English news channel NDTV 24x7 remains market leader as per latest TAM figures for all-universe, all-India. NDTV Profit and NDTV India have both maintained their positions in market shares.

The Business World 2007 survey also recognised NDTV as India’s most respected media company. NDTV won seven Indian Telly Awards including ‘Best News Channel of the Year Award’ for NDTV 24x7, four Asian Television Awards, and a couple of CNN Young Journalist awards.

In terms of business, NDTV Networks, a 100 per cent subsidiary of NDTV, was incorporated to seize opportunities in areas ‘beyond news’ -- entertainment, lifestyle, media technology and outsourcing.

NDTV Imagine has been incorporated to spearhead the Group’s foray into the biggest and most profitable section of television -- mass entertainment. “Starting with general entertainment, the company will expand into movies, regional youth and kids programming. NDTV Life will capitalise on the retail and consumer boom by providing an up-market lifestyle channel for the global urban Indian, with world-class shows on fashion, food, travel and luxury,” said an official from the channel.

The initial global portfolio of television channels includes the highly successful Astro Awani in Indonesia, a soon-to-be-launched channel in Malaysia, and another in the Middle East. Other Asian and African countries are expected to follow.

The focus of the company from now is on the ‘triple play’. NDTV Convergence will exploit the synergies between television, Internet and mobile. Its core advantage is the distinct content it draws from the bouquet of NDTV channels, to build robust TV-online synergies and powerful Web 2.0 communities.

Another arm of NDTV Networks is NDTV Labs, which has been developing media software and technology for captive use. In the outsourcing space, the joint venture company NGEN Media Services has received enthusiastic response from global media firms in areas of post production services and digital asset management.

Tags: e4m

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