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NDTV cuts YOY loss from Rs 22 cr to Rs 15 cr

NDTV cuts YOY loss from Rs 22 cr to Rs 15 cr

Author | exchange4media News Service | Saturday, Nov 03,2012 9:01 PM

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NDTV cuts YOY loss from Rs 22 cr to Rs 15 cr

NDTV Group has reduced its year-on-year loss from Rs 22 crore to Rs 15 crore in the second quarter ended September 30, 2012. The Group has reported total revenues of around Rs 108 crore for Q2 FY13.

The Q2 FY13 revenue of NDTV Convergence, which operates the Internet and mobile business of the Group, grew by more than 60 per cent over the same quarter last year.

NDTV has launched a major new application, NDTV Play, during October exclusively with Windows 8 for video consumption. NDTV Play allows for simultaneous live streams from all four NDTV channels. Users can create their own rundowns with any of the NDTV videos. In addition, older episodes of all programmes are available.

Meanwhile, during the second quarter, NDTV 24x7’s profitability doubled on the back of robust growth in revenues, while the sale of Metro Nation Chennai was successfully concluded.

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