NDTV Ltd has reported revenues of Rs. 128 crores for the quarter ending September 30th 2008 (Q2-09), up 65 percent, from Rs. 77.5 crores for the same quarter last year. The group has reported a net loss (consolidated) of 119 crores, with a standalone loss of 13 crores for NDTV Ltd. According to the release, NDTV Imagine Films, the groups films company, is in the process of developing and producing scripts. According to NDTV, NBC Universal is a potential partner for this venture. There's synergy with NDTV Showbiz - a Bollywood focused channel that the company launched in August. Most importantly, NDTV has, as reported earlier, has decided to separate its business into News and Entertainment, which will free up the Entertainment (and indeed the Digital Media business NDTV Convergence) for further investment. Download the Q2 financials here. NDTV Convergence My quarterly requests to NDTV for more inputs on Convergence have been turned down. In this earnings release, NDTV has mentioned that pageviews for Convergence in the last quarter are up, and they're exploring tie-ups to expand its range of services. One tie-up was announced yesterday, and another tie-up, with Career Builder India for jobs, was reported by WATBlog. Going through NDTV's Annual Report, we were pleasantly surprised to find details of their financials: By itself, NDTV Convergence reported a rather low turnover of Rs. 4.9 crores, and a net loss of Rs. 5.5 crores for the full year ending 31st March 2008. For three quarters of the last fiscal,…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...