Top Story

e4m_logo.png

Home >> Media - TV >> Article

NDTV reports Q4 consolidated net loss at Rs 160.36 cr

01-May-2009
Font Size   16
Share
NDTV reports Q4 consolidated net loss at Rs 160.36 cr

Bogged by slowdown and in a tough competitive environment, NDTV has reported consolidated revenues of Rs 123.30 crore for the fourth quarter ending March 31, 2009. Its Q4 consolidated net loss stood at Rs 160.36 crore.

NDTV’s FY09 net loss after ESOPS stood at Rs 73.18 crore. This includes the impact of one-time, non-recurring cost of Rs 40.45 crore. In FY08 NDTV had reported a net profit of Rs 4.28 crore.

In the face of the worst economic slowdown in the global and Indian economies, which has hit advertising expenditure severely, NDTV has taken a number of steps to reduce costs and increase revenues. These measures include making the operations more efficient; moreover, as a result of manpower planning and right-sizing, the cost and number of personnel at NDTV are targeted to be down by over 20 per cent in the immediate term. The management and staff at NDTV have accepted both salary cuts and no increments for the year.

Meanwhile, revenues are poised to grow on account of some new successful properties such as the Toyota Greenathon, 7 Wonders of India, the General Elections and the forthcoming Budget.

Tags

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.