Network18 Media and Investments on Monday reported a 23.4 per cent rise in revenues to Rs 2400 crore for 2012-13, driven by strong growth in its broadcast and digital businesses. The strong topline growth helped narrow operating losses 87 per cent to Rs 39 crore for the year. Net loss for the year declined to Rs 105.5 crore from Rs 392.7 crore the year before.
Revenues from the broadcast and motion picture businesses under TV18 Broadcast rose 20 per cent, to Rs 1699 crore, driven by a strong growth in advertising revenue and the net distribution income (subscription revenue minus carriage fee and commissions paid to cable operators, DTH providers) turning positive. (Click here for more details)
Digital content and eCommerce business grew to Rs 400.9 crore for the year, up 193 per cent year-on-year (adjusted for the sale of Newswire18). The segment reported revenues of Rs 110.4 crore for the quarter, a growth of 200 per cent over last year.
During the year, Network18 profitably sold its entire stake in Newswire18, divested its Yellow Pages and Askme businesses and diluted its majority stake in Bookmyshow. These transactions, in line with the strategy to exit non-core businesses, added Rs 180 crore to the annual profit and raised Rs 235 crore for the Network18 Group....
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05:33 PM, May 13, 2013
Network18 Group subsidiary TV18 Broadcast today reported a net profit of Rs 20.9 crore for the quarter ended March 31 as against a net loss of Rs 8.26 crore in the same period a year ago. Reported revenues for the television and motion pictures business (including IndiaCast) stood at Rs 474.7 crore for the quarter. For 2012-13, revenue stood at Rs 1,699.1 crore. It also swung into profit at operating...
03:55 PM, May 13, 2013
New Delhi: News broadcasting fraternity on Monday condoled the death of Justice (Retd) JS Verma who passed away after a brief illness. Justice Verma was appointed the first Chairperson of the News Broadcasting Standards Authority (NBSA), a self- regulatory body set up by News Broadcasters Association on October 2, 2008. "In his frequent interaction with members of NBA, he would tell them that in a democracy, it was the media's...
10:50 AM, Apr 23, 2013
Amritsar: Information and Broadcasting Ministry on Saturday said it is considering a 24-hour news channel on All India Radio (AIR) on the pattern of DD News. "The Centre is exploring various aspects and technicalities involved in launching a 24-hour news channel on AIR," I&B Secretary Uday Kumar Varma said here at a meeting with heads of various Punjab-based media units. Varma reviewed the existing status of AIR and Doordarshan Kendra...
08:35 PM, Apr 13, 2013
The live broadcast of university cricket has made the players hopeful about their future. ...
08:34 PM, Mar 07, 2013
Radio broadcasts in English from the BBC World Service are being jammed in China, the British broadcaster said on Monday, suggesting the Chinese authorities were behind the disruption. "The BBC strongly condemns this action which is designed to disrupt audiences' free access to news and information," the BBC said in a statement. ...
09:50 AM, Feb 26, 2013
Australia's public broadcaster said that it will not broadcast or report live from the upcoming cricket Test series in India after deciding not to pay inflated rights fees. ...
10:33 AM, Feb 12, 2013
Information and Broadcasting Minister Manish Tewari on Wednesday said states should implement the decisions of the censor board regarding screening of films but refrained from commenting on Kamal Haasan's controversial movie 'Vishwaroopam' saying the matter was in court. "Since the High court has once again taken the matter within its purview, it would be inappropriate to comment on it. We would allow the High court to take cognisance of the...
07:58 PM, Jan 30, 2013
The Japanese government is set to launch the world's first 4K TV broadcast in July 2014, roughly two years ahead of schedule, to help stir demand for ultra high-definition televisions, the Asahi newspaper reported on Sunday without citing sources. ...
04:46 PM, Jan 27, 2013
Network18 Media and Investments reported a net profit at the consolidated level for the December quarter, led by strong performances in its broadcasting and digital businesses while TV18 Broadcast turned corner during the quarter driven by strong growth in broadcasting and distribution revenues. Network18's net profit stood at Rs 6.8 crore and operating profit at Rs 10.6 crore and TV18 reported consolidated net profit of Rs. 21.3 crore with quarterly...
03:37 PM, Jan 19, 2013
Ministry said it support the film fraternity's protest against the government's decision to levy service tax. ...
11:22 AM, Jan 19, 2013
The theme of the tableau is the interpretation of the Indian motif of the mythological flying bird boat. ...
11:07 AM, Jan 19, 2013
Popular TV crime show 'Crime Patrol Dastak', which was scheduled to show an episode based on the Delhi gang-rape case, postponed the telecast after the Information and Broadcasting Ministry informally asked the channel not to telecast it. ...
11:49 PM, Jan 11, 2013
The I&B Ministry asked entertainment channel Sony to stop the broadcast of tonight's episode of its crime serial 'Crime Patrol' as it was based on the Delhi gangrape. ...
11:06 PM, Jan 11, 2013
The Information and Broadcasting Ministry on Friday asked entertainment channel Sony to stop the broadcast of Friday night's episode of its crime serial 'Crime Patrol' as the episode apparently was based on the brutal Delhi gangrape. ...
07:02 PM, Jan 11, 2013
A Pakistani parliamentary panel has sought a ban on airing foreign content in any language during prime time and taking strict action against violators. The National Assembly's standing committee on information and broadcasting made the recommendation following a discussion on the new trend of airing foreign soaps dubbed in Urdu by local channels and their negative effect on the local culture and the Pakistani youth. ...
12:17 PM, Jan 04, 2013
According to BCCC officials, there is a lot of double-meaning language being used in comedy shows. ...
10:50 AM, Dec 29, 2012
The Indian government said on Tuesday 24 foreign TV channels have been banned from telecasting in India as they have either not sought permission for downlinking or such permission has not been given. External affairs ministry spokesperson Syed Akbaruddin told reporters that the Information and Broadcasting Ministry, in its December 4 reply in the Lok Sabha, had said that under Indian laws "you require permission for down-linking of TV channels...
10:09 PM, Dec 11, 2012
More heads are rolling at the BBC over its false report over a child abuse sex scandal aired on its flagship programme Newsnight. Two more top editorial employees resigned on Tuesday pending a probe. ...
06:35 PM, Nov 13, 2012
As Congress leader Manish Tewari takes up the charge of the Information and Broadcasting Ministry, the first challenge the minister faces is to meet the deadline of cable TV digitisation. ...
05:13 PM, Oct 29, 2012
