NDTV Worldwide, the media consulting division of NDTV Limited has partnered with Bangladesh based Beximco Group to launch a 24 hour news and current affairs channel in Bangladesh called Independent Television. The Beximco Group manages the publication of the daily, The Independent and the channel will be launched through its media subsidiary, Independent Television Ltd, by early September 2010. The companies have not released any financial details. The nature of the partnership is also not known.
NDTV will assist Beximco with the channel planning and execution, as well as overall operational and business management of the channel. Beximco also has IT and ISP businesses in Bangladesh.
NDTV had reported a 9.13% fall in net losses to Rs. 118.5 million in the quarter ended September 2009 compared to the same quarter last year. Standalone income from operations fell 6.17% year on year to Rs. 693.5 million. Expenses had risen marginally to Rs. 781.5 million compared to last quarter, but fell 13.19 percent on a year on year basis.
Net loss for the company, standalone, was Rs 118.5 million for the quarter ending September, 2009; 5 times more as compared to Rs 23.9 million reported the previous quarter. A consolidated net loss of Rs 855.9 million was reported for the quarter.
December 18 2009: Time Warner buys 92 percent in NDTV Imagine for $126.5M
December 8 2009: NDTV CEO Vikram Chandra announces 4 point plan for becoming cash flow positive
November 20 2009: Scripps Networks acquires 69 percent in NDTV Lifestyle for $55M.
October 15 2009: NDTV buys back 26 percent stake of NDTV Networks from NBC Universal
May 5 2009 : NDTV announces plans for a 20% reduction in workforce and costs
—Turner Buys 92% In NDTV Imagine For $126.5M
—NDTV Networks CEO Vikram Chandra On The 4 Point Plan For Becoming Cash Flow Positive
—Scripps Networks Acquires NDTV Lifestyle For $55M
—NDTV Net Loss Down 9.13%; NDTV Profit Retains #2 Position
—NDTV To Buy Back NBC Universal’s 26% Stake In NDTV Networks