Another quarter goes by and Television Eighteen India, the broadcasting subsidiary of Network18, has not attained break even. It posted lowered net losses of Rs. 415.25 million, down 37.2% quarter on quarter and higher 37.7% year on year, in the quarter ended December 2009. Details: Release | Financials The company spent Rs. 45 million on a one time restructuring charge "on account of rationalized workforce" in the quarter. This refers to the merging of broadcast operations of TV18’s two business news channels CNBC TV18 and CNBC Awaaz in November. Contribution Of Divisions To Revenues Consolidated revenues for TV18 have fallen 1.2% in the December quarter compared to the same period last year and increased 3.9% sequentially. Operating expenses have reduced 7.5% sequentially and 16.6% year on year to Rs. 1157.23 million. TV18 runs TV channels CNBC TV18 and CNBC Awaaz, Web18, which we have covered previously here and Newswire 18, Infomedia 18. They each contributed to the revenues: News channels: Rs. 674.02 million, steady over the quarters at 52.2% Infomedia18: Rs. 334.35 million, slightly lower contribution at 25.9% Web18: Rs. 196.93 million, contribution is up from 12.9% to 15.2% Newswire18: Rs. 83.77 million, lowest contributor at 6.49% Key Corporate Developments During The Quarter The new look of “Infomedia Yellow Pages” was launched in Bangalore, Delhi, Ahmedabad and Chennai. The “Know your City” series, powered by Burrp, launched in Hyderabad. Its car and bike magazine Overdrive got a new format. The printing operations division received new orders from telco Idea Cellular…
