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HT Media Q3-FY13: Digital Revenues Up 18% At Rs 13.79 Cr; Acquisitions & Investments

Media company HT Media has posted digital revenues of Rs 13.79 crore for the quarter ended December 31, 2012, registering a 18% increase from Rs 11.67 crore revenues in the same quarter last year. It has reported loss before tax of Rs 8.86 crore for the quarter, a 5.1% decline from Rs 9.34 crore loss before tax in the same quarter last year. According to the company presentation, HT Media’s job portal business Shine.com has registered 30% revenue growth year-on-year and has reported 5.2 million engaged candidates for the quarter, up from 2.6 million in the same quarter last year. During the quarter, Shine.com partnered with social recruitment platform MyParichay to provide an integrated offering of a traditional job portal and social hiring tools to recruiters. HT Media's subsidiary Ivy Talent also inked a share subscription agreement with the social recruitment platform MyParichay to acquire up to 40% stake in MyParichay over the next 2-3 years. As per the agreement, Ivy Talent had invested Rs 5.5 crore in MyParichay during the quarter. During the quarter, HTCampus.com launched two new portals MyCollegeBoard.com and StudyAbroad.com and claims to have registered a 30% revenue growth from Q3-FY12, however the company hasn't disclosed the exact revenue generated. HT Mobile, its mobile marketing joint venture with Velti has registered a 40% growth in revenues from Q3-FY12. Although there is no word on the exact revenue generated. Acquisitions During the quarter, HT Digital acquired 35% stake in HT Mobile, its mobile marketing joint venture with Velti. While the financial details of this transaction were not disclosed,…

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