TV TODAY Q1 NET PROFIT ALMOST DOUBLES

       

               TV Today Network's net profit for the quarter ended 30th Jun 2018 has almost doubled to Rs 40.99 crores from Rs. 20.82 crores in the corresponding quarter of the previous fiscal year. The Company's revenue from operations jumped to Rs. 181.8 crores from Rs 164.6 crores in the year-ago period. Expenses jumped to Rs 126.3 crores as against Rs. 124.6 crores. The operating profit from TV broadcasting segment jumped to Rs 57.1 crores. Revenue from the segment was up to Rs 158.8 crores from Rs 144 crores. Radio broadcasting operating loss reduced to Rs 1.01 crores from Rs 2.37 crores in the year-ago period. The revenue dropped to Rs 5.78 crores as against Rs 6.83 crores.


                The India Today group promotes TV Today Network. It broadcasts 24-hour news channels Aaj Tak, Tez & Dilli Aaj Tak (regional news) in Hindi & India Today Television in English. The Company also runs 3 radio stations (Ishq 104.8FM) in Delhi, Mumbai & Kolkata, During fiscal 2017, TVTN acquired Mail Today from Living Media India Ltd (LMIL). The company expects to diversify its revenue profile while gaining synergy benefits from the common use of newsgathering platforms for its multiple businesses.

Comments

Post a Comment

Popular posts from this blog

MCN DIGITAL MOTION PICTURE & TV PROGRAMMES TRADING LLC

Image
MCN DIGITAL MOTION PICTURE & TV PROGRAMMES TRADING LLC is an integrated media content house and one of the leading production companies in Dubai.We are leader in numerous genres including feature films and urban with distinct content and we co-produce, acquire and distribute Indian language films in multiple formats worldwide, having our spread across the MENA region authorizing a globally renowned digital network with a focus on premium content in the utility, information and knowledge space apart from Entertainment.We are the Content Provider to many operators worldwide owning Exclusive Mobile, Internet, IPTV rights to a huge stock of content (including feature films of varied languages especially Bollywood) on all Digital & Wireless platforms worldwide.We own Exclusive Mobile, Internet, IPTV rights, all electronic media perpetual rights to some content worldwide and are also Negative /copyrights holder of around 300 Bollywood movies.Leveraging MCN DIG
Read more

NETFLIX BUYS 'HERE TO HEART' SERIES

Image
Netflix has picked up rights outside China to Chinese romantic drama TV series Here To Heart . The show premiered on Human Satellite Television, one of China's leading broadcasting groups. Rights sales are handled by China International Television Corporation (CITVC). Adapted from the novella of the same name, Here To Heart follows the dramatic love story between a man & a woman who become entangled after a 10-year separation. The former lovers, played by Zhang Han & Janine Chang struggle to overcome resentment, rebuild trust, & perhaps rekindle a love long past.
Read more

NICK HAMM'S BIOPIC 'DRIVEN' TO CLOSE VENICE FILM FEST

Image
           Irish director Nick Hamm 's John DeLorean biopic Driven is all set to close Venice Film Fest. The film is inspired by the true story of FBI's sting operation to bring down maverick auto executive DeLorean. Set in the opulence of early 1980's California, it follows the meteoric rise of Delorean & his iconic DeLorean Motor Company; his friendship with a charming ex-con-turned-informant, Jim Hoffman; and the drug scandal that brought DeLorean low. Driven is scheduled to world premiere out of competition on Lido on 8th Sept 2018.            The fest described Driven as a wickedly comedic look at a bromance gone bad. Lee Pace stars as an automotive engineer 7 designer DeLorean. jason Sudeikis plays Jim Hoffman, Judy Greer stars as Jim Hoffman's wife, Ellen, and Corey Stoll plays an ambitious FBI agent named Benedict Tissa. 
Read more