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TV Today to sell radio biz to Radio Mirchi, launches new TV channel ‘Bihar Tak’

TV Today reported total revenues of Rs 163 crore, up 3.4% YoY, but down 10% over the last quarter, for the quarter ended September 2018. Net income: Fell marginally by 4% YoY to Rs 29.9 crore, but fell substantially - 26% - over last quarter from Rs 40.8 crore Developments in the Digital segment In January, the company acquired the digital business of Living Media India Ltd (the India Today Group) for Rs 20 crore. It had finished the acquisition of Mail Today and India Today Online last year. India Today Online Pvt Ltd, which is a wholly-owned subsidiary of TV Today, was to be merged into the company; a motion petition was filed with the National Company Law Tribunal which will hear the case in December. Broadcast TV Today's revenues from its broadcasting business remained flat YoY at Rs 140 crore,…

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