FY09 was a busy year for Television Eighteen India, a subsidiary of Network 18 group. It has posted consolidated revenues at Rs. 4.9 billion, up by 23% from FY08. Consolidated losses logged Rs. 1,663.84 million for the year, compared to Rs. 53.91 million in profits in fiscal 08. TV18 runs TV channels CNBC TV18 and CNBC Awaaz, as well as Web 18 which we have covered earlier here and Newswire 18, Infomedia 18. On a standalone basis, revenues were Rs. 3.19 billion, up 9% from FY 08 and the company made a net profit of Rs. 198.2 million, down 34% from last fiscal. Standalone, basic earnings per share (EPS) was Rs. 1.65 down from Rs. 2.66 in FY08 while consolidated EPS was a negative Rs. 13.89, compared to Rs. 0.48. Details: Release | Financials Key Corporate Developments During The Quarter The company claims its two channels - CNBC TV18 and Awaaz - together lead the business news genre of television with 66% share of marketshare, quoting TAM. CNBC TV18 also claims to be far ahead of its competitors Times Now and NDTV 24x7, NDTV Profit, UTVi and Headlines Today according to TAM data. The channel has a new competitor in ET Now, recently launched by BCCL and Thomson Reuters. How will CNBC TV18 handle the newcomer? Newswire 18, though challenged by subscription cancellations which amounted to 35% of new business generated in the year, was able to hold strong and grew its revenues by 99% year on year. It even launched…
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