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Q1-09 Call: HT Media – Rs. 100 Crores Internet Biz In 1.5 Years; Matrimonial Portal In Q3, Real Estate In Q1 2010

Internet HT Media expects their Internet business to be around Rs. 100 crores in terms of revenues in around a year and a half. The company has invested around Rs. 20 crores in the Internet business so far, of a total planned investment of Rs. 150 crores over the next 3 years. At the same time, note that key portals hindustantimes.com and livemint.com are a part of HT Media - and not a part of the Internet subsidiary FireFly E-Ventures. Hindustantimes.com got around 10.5 million pageviews during the quarter, with revenues of around Rs. 70 lakh per month - "fairly small" according to the company. FireFly E-Ventures is expected to launch their real estate and matrimonial portals are expected to be launched around Q4 of this year - Matrimonial will be by around Q4 of this year (Jan-March 2009), and real estate by Q1 of next fiscal year (April-June). In this context, it is also important to note that Real Estate advertisers account for 12-13 percent of HT Media's revenues - 12 percent last fiscal, and 13 percent in Q1. Some stats on Shine - I'm not sure if the HT Media management quite understands that metrics for a job portal are different from those for a news site like HT.com, but anyway - Shine receives 14 million pageviews per month, and this number is growing at 15 percent month-on-month. The portal gets 3 million unique users per month, and has a total registered user base of 7.3 lakh Private…

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