Top Story

e4m_logo.png

Home >> Media - TV >> Article

NDTV to consider sale of assets

18-April-2017
Font Size   16
Share
NDTV to consider sale of assets

The board of directors at NDTV will consider the “potential sale of certain strategic assets by certain material subsidiary(ies),” the company informed the National Stock Exchange today. In light of the same, NDTV’s trading window shall remain shut for some time. “The trading window for dealing in the securities of the Company will remain closed from April 17, 2017 till the conclusion of 48 hours from the date of Board meeting of the Company,” NDTV said. However, the broadcaster provided no clarity on what assets might be up for sale.

Recognised as the foremost news broadcaster in the country at one point in time, NDTV has been going through a period of financial turmoil of late. Besides operating in the broadcasting domain, NDTV also has interests in the digital and e-commerce space. However, the digital business of the company is the only silver lining given that the other two segments are in deep losses.

Last year, when KVL Narayan Rao took over as the CEO of the company, he promised “the financial turnaround of the company” by delivering both in terms of top line and bottom line growth. However, in the fiscal year 2016-17, NDTV’s revenues dropped from Rs 396.03 crore to Rs 368.32 crore during the first three quarters. After the jolt of demonetisation, the company had pinned its hopes on lucrative sponsorship deals to make up for the fall in revenues from advertising.

http://www.exchange4media.com/tv/ndtv-pins-hopes-on-sponsors-to-make-up-for-fall-in-revenues-from-advertising_67901.html

Tags NDTV

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.