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
Gujarat Chief Minister Narendra Modi on Monday came out strongly in support of less government and more governance while addressing the first Think India Dialogue of Network18. Speaking about the benefits of the government coming out of ornamental activities and concentrating on providing basic services, Modi said that such steps would not only reduce red tape but also win back people's faith which has been completely eroded over the last ...
11:43 PM, Apr 08, 2013
New Delhi: Talking about economic reforms, Gujarat Chief Minister Narendra Modi on Monday came out strongly in support of privatisation while addressing the first Think India Dialogue of Network18. Modi, however, opposed FDI in retail and defence, but backs foreign investment in other sectors and said government's role must be of facilitator in land acquisition. Modi said he favours privatisation but wanted to test the new model in Gujarat without...
07:49 PM, Apr 08, 2013
New Delhi: Emphasising on the need to decentralise power, Gujarat Chief Minister Narendra Modi on Monday revealed how his government was taken to task by the Centre for laying down gas pipeline across the state. "The Gujarat government was targeted by the Centre for laying down gas pipeline across the state. The Centre said that it was its job, not the state's. What is the use of such policies? We...
07:09 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday while citing a Congressman said most of the problems in India will be resolved if politicians learn to say 'no', and bureaucrats learn to say 'yes'. While addressing the first Think India Dialogue of Network18, Modi said, "A Congress leader suggested a very simple solution to problem of governance - Politicians should learn to say no, and bureaucrats should learn to...
06:58 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday laid down his formula for better governance at the first Think India Dialogue organised by Network 18 in New Delhi. Modi said clearly that what hurt India the most was policy paralysis due to politics and power play. Commenting on the way in which politics affects decision making power of the governments, he said that the priority for political parties and...
06:46 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday called for radical initiatives and strong political stand to usher high economic growth and faster development. While addressing the first Think India Dialogue of Network18, Modi said, "It is unfortunate that priority for most of us is in this country to get power." The Gujarat Chief Minister said that external pressure influence the decision making process and political parties are under...
06:20 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday came out strongly in support of less government and more governance while addressing the first Think India Dialogue of Network18. Speaking about the benefits of the government coming out of ornamental activities and concentrating on providing basic services, Modi said that such steps would not only reduce red tape but also win back people's faith which has been completely eroded over...
05:17 PM, Apr 08, 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
New Delhi: 'Shanghai' director Dibakar Banerjee, who shot a new ad for the Network 18 group, said advertisements have become products themselves, transcending the brand endorsement messages, connecting to users on an emotional level and staying with them through months and years. Banerjee, known for films such as Khosla Ka Ghosla (2006), Oye Lucky! Lucky Oye! (2008), and Love Sex aur Dhokha (2010), started his career in advertising. "Imagine a...
04:56 PM, Sep 03, 2012
Noida: Amity University on Thursday awarded an honorary doctorate to Raghav Bahl, the founder and managing director of Network18 for his immense contribution to the media. The university acknowledged the effort, which has contributed to the creation of Network18 a media empire across broadcast, print, Internet and cinema. While being felicitated, Bahl said that he enjoys creating jobs and shaping dreams. "It has been a long journey and I have...
07:47 PM, Dec 15, 2011
Network18 channels, including CNN-IBN and IBN Lokmat, swept the News Television awards on Thursday in New Delhi. IBN18 Editor-in-Chief Rajdeep Sardesai bagged the Best TV News Presenter Award once again. While CNN-IBN received 18 awards, 12 awards in Marathi went to IBN Lokmat, followed by three for CNBC-TV 18 and two for IBN7. The winners are: * CNN-IBN's Rajdeep Sardesai for India @ 9 : Best TV news presenter of...
07:29 AM, Mar 18, 2011
Experts express their views on the third edition of the IBN7 Diamond States Awards. ...
10:06 PM, Mar 13, 2011
New Delhi: With Internet speeds improving across the country, Indians are fast consuming online video content. According to comScore, an online audience measurement company, 72 per cent of India's total online population watch videos on the Internet. The comScore report, based on data from its comScore Video Metrix service, which was launched in India earlier this year, found that 30.2 million Indian online users watched online video in January 2011....
11:38 AM, Mar 10, 2011
Looking back at the journey of CNN-IBN during the past five years of news leadership. ...
05:51 PM, Jan 30, 2011
Just a week ahead of the Commonwealth Games, Network 18 honours sporting legends decades after they won laurels for India. ...
11:56 AM, Sep 26, 2010
The new joint venture between AETN and Network18 will now launch History and BIO in India. ...
12:53 PM, Aug 04, 2010
CNN-IBN's sister channel IBN Lokmat has also won an award for excellence in environmental journalism in a regional channel. ...
10:28 PM, Jul 22, 2010
The tweet asked people about their fav ads that featured in Doordarshan. ...
10:01 AM, Feb 03, 2010
Group CEO Haresh Chawla speaks about the HomeShop18 operations. ...
02:41 AM, Nov 14, 2009
