wordpress blog stats
Connect with us

Hi, what are you looking for?

NDTV Convergence FY10 Turnover Up 33.5%, Loss Down 93%

The financial year 2009-10 turned out to be a year of recovery for NDTV Convergence, the Internet and mobile company owned by the NDTV group, as the company reported a loss of only Rs. 64.3 lakh for the fiscal, down from a loss of Rs. 9.11 crore the previous financial year, according to NDTV’s financial report. The company was helped by a 33.47% increase in turnover, which rose to Rs. 14.28 crore, from Rs. 10.7 crore the previous fiscal year.

Now 14.28 crore is still rather small – some of NDTV Convergence’s peers do that much revenue in a quarter: Web18*, owned by the Network18 group, reported Rs. 72.82 crore for the same period, but also reported losses of Rs. 9.27 Cr. So it is worth scaling revenues and at the same time, increasing expenses to such a level? NDTV, a BSE listed entity owns 17% in NDTV Convergence, while NDTV Networks PLC owns 75%.

According to NDTVs annual report, NDTV.com crossed the 100 million pageviews mark for the first time in December 2009, and has managed to stay above that mark since.
Key developments during the year:
– Vikram Chandra took over from former NDTV Convergence CEO Sanjay Trehan, who joined MSN India
– NDTV launched NDTV Social, a portal to connect NDTV journalists and anchors with viewers, integrating facebook and twitter
– Arunava Sinha, Chief Product Officer at NDTV Convergence left to join Web18 as head of IBNLive and CricketNext. IBNLive subsequently revamped to a design similar to NDTV.com’s, and rolled out Blaze. A comparison between Blaze and NDTV Social here.
– Inked partnerships with multiple portals for sub-sites –  NDTV SME, an SME portal (Small to Medium Enterprises) in partnership with HP and IndiaMART.com, NDTV Property with IndiaProperty, among others. NDTV gets paid for these tie-ups, and serves as a source of audience or leads.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ