Revenues from the news business for TV18 declined year on year at Rs 551.8 crore, down from Rs 629.4 crore last fiscal, but were significantly more profitable at an operating level: the News business reported a profit of Rs 104 crore, compared with Rs 50.3 crore last fiscal. Operating margins for the segment improved to 19% from 8% last fiscal. TV18's entertainment business, however, showed substantially stronger growth during the year - revenues were Rs 731 crore at a profit of Rs 61.1 crore, up from Rs 624 crore in revenues and Rs 25.6 crore in profit last fiscal, at an operating margin of 8% versus 4%. General News vs Business News: Revenue from general news channels declined year on year to Rs 256.7 crore, down from Rs 302.8 crore in the previous fiscal but reported profits of Rs 3.2 crore for the fiscal, as compared to Rs 4.3 crore loss in the previous fiscal. TV18 currently operates general news channels like CNN IBN, IBN7 and IBN Lokmat. The revenue from business news channels also declined year on year to Rs 295.1 crore, down from Rs 326.6 crore in the previous fiscal but almost doubled its profits to Rs 100.8 crore, up from Rs 54.7 crore profit in the previous fiscal. TV18 currently operates business news channels like CNBC TV18 and CNBC Awaaz and claims that both the channels are the market leaders in its respective categories. IndiaCast Revenues: IndiaCast, the joint venture between TV18 and Viacom18 which currently manages the TV18′s and Viacom18′s distribution…
