Top Story


Home >> Media - TV >> Article

BAG Network Q3 consolidated revenues up 55.14 pc at Rs 212.07 mn

Font Size   16
BAG Network Q3 consolidated revenues up 55.14 pc at Rs 212.07 mn

BAG Network has reported consolidated revenues of Rs 212.07 million for the third quarter ended December 31, 2009, as against Rs 136.69 million in the same quarter last fiscal, a rise of 55.14 per cent. Consolidated loss saw a reduction of 47 per cent and is pegged at Rs 167.37 million for Q3 FY10, as against Rs 88.10 million for the same quarter last fiscal.

Commenting on the Q3 performance, Anurradha Prasad, Chairperson-cum-Managing Director, BAG Films & Media Ltd, said, “We are glad that our broadcasting initiatives have consistently shown growth in revenues and the losses have been substantially controlled. The period under review saw the company consolidating its position in the broadcasting sector. Our teamwork and innovative strategies helped us overcome the recessionary trend prevalent in the market. Our results reflect our unending zest to enhance investor value and we shall work towards maintaining our position of leadership in the future as well.”

BAG Network’s Hindi news channel News24 reported Q3 revenues of Rs 69.17 million, up 39 per cent as against Rs 49.67 million in the corresponding period last fiscal.

E24, the Bollywood entertainment channel from the Network, posted revenue of Rs 60.70 million for the quarter ended December 31, 2009, as against Rs 10.39 million in Q3 FY09, a jump of 484 per cent. Keeping in mind the tremendous response of the audiences, the company plans to come up with an all new avatar of E24.

Dhamaal 24, the radio network of the organisation, has reported a jump of 167 per cent it its revenues to Rs 13.98 million in Q3 FY10 from Rs 5.24 million in the corresponding period last fiscal. All 10 stations of Dhamaal 24 have now become operational.

Tags BAG Network Anurradha Prasad News24 E24

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

Mumbai was chosen in keeping with the company's focus on featuring their proprietary technologies over undiscovered markets like South Asia

The campaign, featuring brand ambassador Farhan Akhtar, exhorts consumers to showcase their achievements through the walls of their homes.

We list a few important stories that you may have missed in the week gone by