The revenues from its TV broadcasting business for TV Today Network increased year on year (YoY) to Rs 461.08 crore for the year ending March 31, 2015 (FY15), up from Rs 374.06 crore in the previous fiscal, an increase of 23.26%. Profits before tax also increased to Rs 126.72 crore this fiscal year, compared to Rs 103.74 crore the previous year, an increase of 22.15%. TV Today currently operates three Hindi general news channels including Aaj Tak, Dilli Aaj Tak and Tez in Hindi and English general news channel Headlines Today. The TV broadcasting business represents about 96.75% of TV Today’s total revenues for the year. TV Today’s FM radio broadcasting business reported a marginal growth in its revenues year on year, posting Rs 15.47 crore revenues for FY15, up from Rs 15.37 crore in FY14. The net loss before tax also improved to Rs 9.28 crore loss in FY15 as compared to Rs 11.23 crore loss in FY14. TV Today Network currently operates Oye! FM radio station in Delhi, Mumbai, Kolkata, Jodhpur, Amritsar and Patiala. Note that TV Today is looking to sell seven stations of its Oye FM to Entertainment Network (India) Limited (ENIL), as the company had informed in February. Subsequently, the company approached the High Court with an urgent writ petition to expedite the sale of its radio stations to Bennet, Coleman and Company Limited (BCCL) promoted ENIL in April, as its permissions from the ministry of information and broadcasting were getting delayed Quarterly Revenues: For the quarter…
