Network18 reported consolidated revenues of Rs 1538 crore in the quarter ended December 31, 2018. This is almost a 250% jump from the same quarter last year, when revenues were Rs 439 crore, and a 28% improvement over the preceding quarter from Rs 1200 crore. The company reported an increase of 25 times in Profit after Tax (PAT) to Rs 77 crore from Rs 3.1 crore in Q3FY18, and from a loss of Rs 66 crore in the preceding quarter. Total income has improved from a loss of Rs 14 crore in Q3FY18 to a profit of Rs 46 crore this quarter. Network18 & TV18 subsidiary mergers The National Company Law Tribunal has approved the merger of 13 of Network18’s subsidiaries — Digital18 Media, Capital18 Fincap, RVT Finhold, RRK Finhold, RRB Investments, Setpro l S Distribution, Reed Infomedia India, Web18 Software Services, Television Eighteen Media and Investments, Television Eighteen Mauritius, Web18 Holdings, E18 and Network18 Holdings — into Network18. This came into effect on November 1, 2018. The tribunal has also approved the merger of four subsidiaries of TV18 Broadcast Ltd — Equator Trading, Panorama Television, RVT Media, and ibn18 (Mauritius) — into the company with effect from November 1, 2018. Panorama’s 13 regional news channels are now part of TV18. HomeShop18 has been merged with ShopCJ and will no longer be a subsidiary of Network18 starting February 1. Notes on the digital business Operating Revenues for Network18's “Web Digital, Print and Others” segment fell by 13% to Rs 49…
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