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…
