Advertising revenues continued to pour into regional broadcaster Sun TV Network's channels through the quarter ended September 2009, with the company reporting a sequential rise of 8.98% in standalone net profits to Rs 1305.6 million on revenues which rose 11.38% to Rs 3,203.9 million. Sun TV Network, owned by Kalanithi Maran, runs two dailies, a radio network, TV channels and a DTH division Sun Direct. Compared to Sep08 quarter, it has shown a 20.54% rise in net profits and 34.69% increase in revenues in Sep09 quarter. It has reported a year on year rise of 36.47% in EBITDA to Rs. 2,435.6 million and an EPS of Rs. 3.31. From proceeds of its IPO, Rs. 3557.7 million has been used to capitalise its subsidiaries, Rs. 863.2 million for launching new channels and purchasing/upgrading equipment and Rs. 623.4 million for constructing a corporate office. Details: Release | Financials IPTV Decision Delayed In the previous quarter, IPTV providers were in a quandary as the broadcaster was not sharing its channels with them. Then, it was understood that the matter was one of "comfort with technology" and the broadcaster needed time to frame its policy for IPTV. It appears that this has been delayed. "Sun TV has yet to finalise its policy and it could be expected only in November," revealed Kapil Gupta, the marketing head of Smart Digivision(branded as MyWay) an IPTV franchisee of BSNL . The Network The Sun TV network has investments in: Print Media - Dinakaran, a Tamil daily and Tamil…
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