Update: The HT Media Investor Relations team informs us that the HT-Velti joint venture has already gone live, and has done 8-10 campaigns in the first month of operation. There's no mention which campaigns, though. HT Media has declined to comment on the revenue for Shine.com, number of resumes being added daily, number of resumes being modified daily, and the total number of clients for Shine.com. Note that jobs classifieds competitor Info Edge discloses these details. Original Story (July 29 2009): Hardly a word on the performance of Shine.com or it's Mobile Marketing joint venture in HT Media's Q1 financial results or its earnings call. The only information available about Shine is that HT Media is expecting an EBITDA loss of Rs. 35 crores for its Internet business, for the full year ending March 31st 2010, and Shine.com now has more than 2.5 million registered users. CEO Rajiv Verma said that "Online businesses have a long gestation period - it's about building the trafic and building the brands. We need to continue to invest and build the brand. One part of the Internet business is news, the other is classifieds with jobs, and third part is mobile marketing and social networking, which is already making money." Verma said that the Velti joint venture - in which HT Media holds 65 percent stake - should be profitable in the first year itself. Services were expected to be launched in July according to the HT Media annual report, but there was no…
