HT Media’s digital revenue stood at ₹21.28 crore for the quarter ended September 30, 2020, reflecting a 2.4% YoY increase and a 6.9% QoQ increase. However, the segment practically broke even, with losses amounting to just ₹14,000 in the quarter, compared to ₹3.94 crore in the same quarter last year. Losses have also fallen dramatically month-on-month from ₹3.8 crore in the previous quarter. The financial results were disclosed on November 27. The company’s consolidated operational revenues fell 48.8% YoY to ₹260.7 crore in the quarter. On July 28, HT Media acquired 100% stake in Mosaic Media Ventures Pvt. Ltd., which operates VCCirle. HT Media disclosed that it received a whistleblower complaint in August 2020 from an employee of the radio business on his last working day, alleging deficiencies in reporting processes of the group’s radio business. An “in-depth comprehensive review”…
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