Media company HT Media has reported digital revenues of Rs 17.1 crore for the quarter ending June 30, 2013. The loss before tax was at Rs 17.04 crore for the quarter. HT Media informed that the digital revenues for the current quarter includes the revenues of its job portal Shine.com, which has become a part of the company, following a restructuring arrangement sanctioned by the Delhi High Court on April 18, 2013. Hence, the digital revenues and results are not comparable with digital revenues of previous quarters and the corresponding quarter last year. In the previous quarter, HT Media had reported Rs 19.24 crore digital revenues and loss before tax of Rs 30.51 crore, however note that this includes Shine.com's Rs 31.2 crore loss. The company’s result presentation however suggests that the digital segment saw a 41% year-on-year (YoY) growth in revenues, with Shine.com registering a revenue growth of 81% YoY, HTCampus.com registering a 39% revenue growth YoY and HT Mobile registering a 22% revenue growth YoY. There is however no word on the exact revenue generated. During the quarter, HT Mobile Solutions acquired digital marketing firm Webitude for an undisclosed amount. Following this acquisition, HT Mobile Solutions along with Webitude has launched an umbrella brand 'Digital Quotient' which intends to offer digital solutions. Investments During the quarter, HT Media made two investments in its subsidiaries. These include: - Rs 11 crore in HT Digital through equity shares. Further, 76.54 lakh compulsorily convertible debentures worth Rs 100 each, held by the company was converted into 7.65 crore equity shares of HT Digital…
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