TV18's net losses more than quadrupled to Rs. 406.6 million from Rs. 90.05 million in Q1-09 with expenses rising 41.4% to Rs. 1.03 billion in the first quarter of the new fiscal. TV18 runs television channels CNBC TV18 and CNBC Awaaz. Though revenues for business news channels are yet to recover fully, the company says it is satisfied with the proceedings of the turnaround. Revenues were up 15% year on year to Rs. 1.07 billion. EBITDA turned positive this quarter and operating margins dropped to 3.48% from 21.25%. Depreciation expenses rose to Rs. 122.48 million. Earnings per share without ESOP charge out stood at -Rs. 3.3 while it was -Rs.0.51 in Q1-09. News Channels Revenue Drops; Net Loss; Market Share Increases In a show of confidence, the company reiterates that its business channels are capturing more of the market pie -…
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