DB Corp, the publisher of newspaper dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar and Dainik Divya Marathi, has reported increased Internet revenues of Rs 4 crore for the quarter ended September 30, 2013 (Q2-FY14), up 25.8% from Rs 3.18 crore revenues in the same quarter last year and up 55.6% from Rs 2.57 crore in the previous quarter. However, the loss before tax has also increased to Rs 2.31 crore, up from Rs 1.61 crore loss in the same quarter last year but an improvement from Rs 3.2 crore loss in the previous quarter. Board Approval For Internet Business Demerger: DB Corp also informed that it has received board approval in May 2013 for the demerger of its integrated Internet and Mobile Interactive services business from its digital arm I Media Corp Ltd (IMCL) to merge it with the holding company DB Corp with effect from April 1, 2013 and the company is currently in the process of completing all the requisite formalities. DB Corp had proposed this demerger in April 2013, after acquiring the remaining stake in IMCL and SMEL (Synergy Media Entertainment Ltd) from existing shareholders for Rs 37.97 crore in December 2012, making them wholly owned subsidiaries of the group. DB Corp currently has online properties such as dainikbhaskar.com, divyabhaskar.com, dailybhaskar.com, divyamarathi.com and mobile property 54567 which allows users to send messages consisting of images, audio, text and video. The company claims that its group portals clocked 10 million unique visitors and a cumulative 350 million total pageviews, of which Dainik Bhaskar apparently accounted for 163 million pageviews…
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