Top Story

e4m_logo.png

Home >> Media - Others >> Article

TV18 reports net profit of Rs 193.20 million

31-January-2007
Font Size   16
TV18 reports net profit of Rs 193.20 million

Television Eighteen has reported a Q3 net profit of Rs 193.20 million, while consolidated revenues have surged 67 per cent (YoY) at Rs 647.46 million.

Following the meeting of the Sub-Committee of the Board of Directors, Raghav Bahl, Television Eighteen’s Managing Director, said, “The third quarter has been an exceptional one for our news and Internet businesses. With the launch of Newswire18, TV18’s operations now span the entire spectrum in the real-time financial information space with comprehensive offerings across television, Internet and data terminals.”

He added, “The fundamentals of the broadcast business are set to change with addressability becoming a reality and we believe that it augurs well for all our TV brands. Our Internet vehicle, Web18, continues to invest in building market-leading franchises across several verticals in the information and transaction spaces, and is a key component of our overall strategy.”

This is also the second quarter that revenues and costs of Awaaz are being included in the results. TV18 Consolidated includes revenues from CNBC-TV18, CNBC-Awaaz, moneycontrol.com, commoditiescontrol.com and various other Internet portals acquired by the company’s subsidiaries during the year.

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

In an exclusive data shared with e4m, Pan Masala/Zarda/Gutkha had the highest jump of 185 per cent in terms of ad volumes in the first 14 matches

Bose, who has a career spanning over two decades, was DNA’s Editor-in-Chief. He has previously been associated with the India Today Group

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compe...