Top Story


Home >> Media - TV >> Article

Network18 reports loss of Rs 44 crore in third quarter

Font Size   16
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.


Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors, on their three-year association with IPL where they will promote their new model Tata Nexon

Vikas Sharan, shares Regalix's vision and mission, and how the company has progressed over the years since its inception in 2004 with the ever-evolving technologies

Larraine Criss on the launch of MainAd's flagship proprietary technology, Logico by partnering with Google and how they are going to expand in and explore the Indian market

Arati Singh, Channel Head, NDTV Good Times, opens up on how she loves to go on adventurous trips on a typical weekend.

The publishing giant could not find an appropriate replacement for ex CEO, Vivek Khanna's position

Kranti Gada has been promoted as the Chief Operating Officer from that of Senior Vice President-New Business Development

In a letter, various employee associations of AIR and DD have requested the Government to explore the possibility of payment of salary directly from the I&B Ministry