Top Story

e4m_logo.png

Home >> Media - TV >> Article

Network18 reports loss of Rs 44 crore in third quarter

31-January-2009
Font Size   16
Share
Network18 reports loss of Rs 44 crore in third quarter

Network18 Media & Investments Ltd has reported a consolidated net loss of Rs 44 crore in Q3 as against a profit of Rs 19.4 crore in Q3 FY08. The company has also suffered a loss of Rs 36.6 crore in its Q3 operating profits as against a profit of Rs 66.8 crore in the corresponding quarter of FY08.

Following the meeting of the Board of Directors, Raghav Bahl, Managing Director, Network18, said, “The October-December quarter saw the benefits of Network18’s ‘diversified media’ strategy come into bold relief. Our entertainment operations, especially Colors and the filmed entertainment business, saw a spectacular growth, bucking any trends of slowdown. Homeshop18 also posted a robust increase across operating parameters.”

He, however, admitted, “Our general and business news channels were hit by a declining revenue environment, which has hopefully bottomed out.”

The business news channels reported weak operating performance with revenues down by as much as 23.95 per cent QoQ. Operating margins also dropped to 23.66 per cent. Q4 is likely to be weak, since full presentation of the Union Budget will take place after the General elections.

Tags

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Industry analysts expect the infusion of foreign capital to drive not only the retail market but also the advertising industry as a result.

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Inform...