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TV18 Net Losses At Rs.415M, Rs.45M Was Spent On Restructuring

Another quarter goes by and Television Eighteen India, the broadcasting subsidiary of Network18, has not attained break even. It posted lowered net losses of Rs. 415.25 million, down 37.2% quarter on quarter and higher 37.7% year on year, in the quarter ended December 2009. Details: Release | Financials The company spent Rs. 45 million on a one time restructuring charge "on account of rationalized workforce" in the quarter. This refers to the merging of broadcast operations of TV18’s two business news channels  CNBC TV18 and CNBC Awaaz in November. Contribution Of Divisions To Revenues Consolidated revenues for TV18 have fallen 1.2% in the December quarter compared to the same period last year and increased 3.9% sequentially. Operating expenses have reduced 7.5% sequentially and 16.6% year on year to Rs. 1157.23 million. TV18 runs TV channels CNBC TV18 and CNBC Awaaz,…

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