wordpress blog stats
Connect with us

Hi, what are you looking for?

NDTV Q3-FY11 Loss At Rs 14.84 Crore; NDTV Hindu Worries

Broadcaster NDTV has reported a net loss (consolidated) of Rs 14.84 crore for the quarter ended 31st December 2010. This is in steep contrast from the Rs 74.11 crore profit it registered during the same quarter last year. The company’s total earnings declined to Rs 115.02 crore, from Rs 169.66 crore that it reported in Q3 FY 10, a decline of 32.2%.

Employee costs were down by 18% YoY at Rs 33.98 crore and administration and operating expenses for the quarter were less 43% YoY at Rs 28.23 crore. Consequently, total expenditure for the quarter was Rs. 122.3 crore significantly lower than Rs 222.2 crore in Q3 last year.

During the quarter NDTV got an approval from the Delhi High Court for the merger of NDTV Studios, NDTV India Plus, NDTV Hindu Media, NDTV Business, NDTV News 24X7, New Delhi Television Media, NDTV Delhi and NDTV News into the company with effect from 1st April 2010. In accordance with the scheme, the company has given effect to the relevant accounting entries and the financial reorganisation and adjusted the debit balance of profit and loss account amounting to Rs 76.17 crore against specified reserves.

Download: Financials

NDTV Hindu Worries

The company has a 51% stake in Metronation Chennai Television, which runs NDTV Hindu. The venture has accumulated losses amounting to Rs 27.51 crore. The company is considering approaching strategic investors, graded conversion to a Tamil news cum infotainment news among others. This clearly shows that down south, the response to an English city centric infotainment channel is not encouraging and NDTV Hindu might go down the Metronation Delhi way.

Astro Deal

Post agreement with South Asia Creative Assets Limited(Astro All Asia Networks Subsidiary), for infusion of $40 million in two installments to gain 49% stake in NDTV Lifestyle Holdings, the company has received the first installment of $21.2 million from SACAL. More on the Astro deal here

Rearrangement Of International Holdings

To simplify international holdings, 10% direct stake in NDTV BV and 50% stake in Emerging Markets BV has been transferred to NDTV Networks BV and NDTV BV has been merged with NDTV Networks BV and also the shares held in NDTV Lifestyle Limited and NDTV Convergence Limited by NDTV Networks plc. has been transferred to step down subsidiaries in India.


Advertising sales and marketing arrangements have been entered into with AIDEM Ventures, w.e.f 1st April 2010, discontinuing the arrangement with the group subsidiary NDTV Media. It has also revised estimates of the fee payable to AIDEM to Rs 5 crore. More on the AIDEM deal here.


NDTV To Sell 49% In Lifestyle Biz To Astro For $40 Million
NDTV Convergence FY10 Turnover Up 33.5%, Loss Down 93%
NDTV Calls Off Scripps Deal; FY10 Results

You May Also Like


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...


Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...


E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...


HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...

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

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ