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Global Broadcast News Q3 net profit up at Rs 1.78 crore

01-February-2008
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Global Broadcast News Q3 net profit up at Rs 1.78 crore

Global Broadcast News (GBN) Ltd has posted a net profit of Rs 1.78 crore for the third quarter ended December 31, 2007 as compared to a loss of Rs 9.01 crore during the corresponding quarter of the last fiscal.

EBIDTA is at Rs 10 crore as compared to a loss of Rs 3.8 crore in Q3 FY08. GBN’s revenues grew from Rs 25.2 crore to Rs 38.7 crore YoY. The operating profit stood at Rs 10.3 crore for Q3 FY08 as compared to Rs 3.8 crore during the same quarter of the previous fiscal.

Following a meeting of the Board of Directors, Sameer Manchanda, Joint Managing Director, Global Broadcast News, said, “This quarter, GBN acquired interest in the non-news (Entertainment) space through Viacom18, which will make GBN a fully integrated broadcasting player with leading brands across genres. CNN-IBN and IBN7 are leading brands in news, MTV and Vh1 hold leadership positions in music, Nickelodeon is rated as one of the most sticky kid’s channel, while Studio18 distributed two of the most successful films of 2007. This quarter, CNN-IBN received two of the most prestigious television awards (Indian Telly Awards and Indian Television Academy Awards) for the ‘Best English News Channel’.”

Studio18, also a Viacom18 division, began distribution operations with films like ‘Jab We Met’ and ‘Welcome’. Aggressive investments had been made in regional news channels, the Group’s first Marathi news channel is set to be launched in the next quarter.

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Rekha Sethi of AIMA, TV Mohandas Pai of Manipal Global Education Services Pvt Ltd, Col Rajyavardhan Singh Rathore, Minister of State for I&B, Sanjiv Goenka of RP-Sanjiv Goenka Group, Harshavardhan Neotia of Ambuja Neotia Group and Sanjay Kirloskar of Kirloskar Brothers Ltd Punit Goenka of Zee Entertainment Enterprises Ltd with Col Rajyavardhan Singh Rathore Rajan Anandan of Google India with Col Rajyavardhan Singh Rathore and Sanjiv Goenka of RPSanjiv Goenka Group Acharya Balkrishna of Patanjali Ayurved with Col Rajyavardhan Singh Rathore Vijay Shekhar Sharma of Paytm with Col Rajyavardhan Singh Rathore Motilal Oswal of Motilal Oswal Financial Services Ltd with Col Rajyavardhan Singh Rathore Indu Jain of Bennett Coleman & Co Ltd Director and screen writer Ali Abbas Zafar with Col Rajyavardhan Singh Rathore and Sanjiv Goenka M V Gowtama of Bharat Electronics Ltd with Col Rajyavardhan Singh Rathore Writer and filmmaker, Bhuvan Lall, Annurag Batra of exchange4media group & BW|Businessworld, Major Maroof Raza (Retd.), Consultant & Strategic Affairs Advisor, Times Now, writer and journalist, François Gautier, Member of Parliament, Swapan Dasgupta, Sonia Singh of NDTV, Hardeep Singh Puri, Minister of State (Independent Charge) for Housing & Urban Affairs, Deepak Verma of The Debating Society of India, Dr. Rajiv Kumar of NITI Aayog, former Union Minister, Manish Tiwari and former Member of Parliament, Pavan Varma Annurag Batra Mani Shankar Aiyar, Former Diplomat & Union Minister Pratham Mittal of Lovely Professional University Actor Kabir Bedi Sonia Singh and Maroof Raza Hardeep Singh Puri Swapan Dasgupta Dr. Rajiv Kumar Deepak Verma Virender Sharma, Joint Secretary - Department of Urban Development, Himachal Pradesh, Sima Saha, Mayor, Bhagalpur Municipal Corporation, Vinod Aggarwal, Mayor, Moradabad Municipal Corporation, Sita Sahu, Mayor, Patna, Anjum Parwez, Secretary, Department of Urban Development, Karnataka, Shobha Srishail Banshetti, Mayor, Solapur Municipal Corporation, Ashish Mathur of JUSCO

The announcement regarding this was made on Twitter by Sukumar Ranganathan, Editor-in-Chief, Hindustan Times, and Shekhar Gupta, Founder, The Print

The website promises to bring fast, reliable, insight-rich analysis in times when the readers are flooded with ‘breaking news’, and great conversations among an elite community of opinion leaders

The network has based its claim on Broadcast Audience Research Council (BARC) all India data (U+R) from April 2017 to March 2017 (full year average)