Top Story

e4m_logo.png

Home >> Media - TV >> Article

TV18 reports Q2 net loss of Rs 24.55 crore

29-October-2008
Font Size   16
Share
TV18 reports Q2 net loss of Rs 24.55 crore

Television Eighteen (TV18) has reported a consolidated net loss of Rs 24.55 crore (after ESOP charge out) for the second quarter ended September 30, as against a profit of Rs 4.96 crore in the corresponding period last fiscal. During Q2, TV18’s income rose to Rs 130 crore from Rs 88.29 crore in the corresponding quarter last fiscal.

Revenue from news operations fell from Rs 73.50 crore in the year ago period to Rs 80.82 crore in the second quarter.

Following the meeting of Board of Directors, Raghav Bahl, Managing Director, Television Eighteen, said, “We have managed to grow our business news revenues in a very tough operating environment. That is a splendid testimony to the robust programming, audience loyalty and brand premium built by CNBC-TV18 and CNBC-Awaaz. Although operating margins have dropped from the steady 50 per cent seen during the preceding bull market, we are satisfied by the fact that we have managed to hold around the 40-per cent mark, and have grown both our revenues and operating margins compared to the previous quarter. We hope to maintain the current performance of our business news operations for the rest of the year.”

Bahl added, “However, what is heartening in the current challenging environment is clearly the spectacular debut of in.com. This horizontal, general interest portal is propelling Web18 to the leadership position in India’s fast-growing Internet market. In.com and other Web18 portals (Moneycontrol.com, IBNLive.com, BookMyShow.com, Commoditiescontrol.com, Josh18.com and CricketNext.com, among others) are creating a huge amount of shareholder value, which should get unlocked soon.”

Tags

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

With Shikhar Dhawan as their brand ambassador, a partnership with NBA and FIFA and a Rs.10 crore marketing budget, this sporty start-up is moving strength to strength.

In an interaction with exchange4media, Sinha, the Country Head at Epsilon shared insights on the growth of Epsilon, integration of Artificial Intelligence and the future of other conventional mediums of marketing

The new brand philosophy to go live on 15th October 2017 during the telecast of Zee Rishtey Awards

The rateOOHmeter platform is based on field data of the OOH campaign universe with information on more than 400 brands, 1600 cities, over 3,000 campaigns and around 85,000 OOH inventory across formats...

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited