Top Story

e4m_logo.png

Home >> Media - TV >> Article

Impressive Q1 results for TV18; retains numero uno one position in business news genre

28-July-2007
Font Size   16
Share
Impressive Q1 results for TV18; retains numero uno one position in business news genre

Network 18, the holding company of the TV18 group and TV18 that operates its two business news channels, CNBC TV 18 and CNBC Awaaz, has shown impressive figures in its first quarter financial results. It has registered an operating profit of Rs 84.21 million with an operating margin of 8.71 per cent.

The operating profit rose by 56 per cent on a YoY basis with the business news operations, while the revenues are up by 44 per cent at Rs 579.23 million. Newswire 18’s revenues increased by more than 70 per cent on a QoQ basis. Its total revenues have surged to Rs 681.57 million, while its business news operations have maintained their number one position in its genre. CNBC TV 18 and CNBC Awaaz have together led the business news genre with over two-thirds of the market share.

Following the meeting of the Sub-Committee of the Board of Directors, Raghav Bahl, Managing Director, TV18, 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 begun to post robust revenues. Newswire18 has expanded its network and is ahead of its business plan.” Bahl also lauded the overall performance of the Group’s holding company Network 18.

Tags

Innovation and connecting with customers in all ways possible is their mantra for successful marketing communication

Bixler revealed that the likes of The Ministry of Tourism, The Art of Living and The Indian Debating Union have partnered with the festival that will be showcasing the culture and diversity of India

In conversation with exchange4media, Vighnesh Shahane, CEO, IDBI Federal Life Insurance, spoke about his vision for this new marketing initiative, how the brand’s marketing efforts through sports have helped them and his business goals for 2018

This agency was born after national brands reportedly struggled to connect with the south Indian audiences

The agency has been awarded the reins of the account in the aftermath of a competitive multi-agency pitch.

In an effort to make Indian roads safer for women scooter riders, leading tyre manufacturer CEAT has introduced the CEAT Safety Grip - a perfect combination of innovation and functionality

Partners with Mumbai Juniorthon as ‘Safety Travel Partner’