Top Story

e4m_logo.png

Home >> Media - TV >> Article

Network18 consolidated revenue at Rs 866 cr in Q2FY18; up 2% Y-o-Y

30-November--0001
Font Size   16
Share
Network18 consolidated revenue at Rs 866 cr  in Q2FY18; up 2% Y-o-Y

Network18 Media & Investments Limited has announced its results for the quarter ended September 30, 2017.
Network18 posted consolidated revenues of Rs. 866 crores (including proportionate share of JVs) in Q2FY18, a 2% YoY growth, as growth in its broadcasting business was partially offset by a decline in revenues in the TV shopping business. However, a reduction in costs across both these verticals resulted in substantially lower losses.
The quarter witnessed muted ad-revenues due to pullback by advertisers: The deferment of ad-spends which started in mid-June continued to hurt during till mid-September. However, the growth trajectory is recovering, driven by the ongoing festive season. Niche channels Nick, Comedy Central and VH1 put in a strong show, driving advertising revenues in an otherwise adverse environment.
Listed subsidiary TV18 Broadcast Limited posted consolidated revenues of Rs. 684 crores (including proportionate share of JVs) in Q2FY18, reflecting a 4% YoY growth up from Rs 659 cr in Q2FY17.
Adil Zainulbhai, Chairman of Network18, said: “We are now the largest broadcast news company, and reach 26 states across India in 16+ languages. We continue to invest into regional platforms across both news and entertainment. Our brands have high mind-share, and audiences have appreciated our bouquet and rewarded us through consistently strong ratings. Our niche channels have also performed really well in the past quarter.”
Network18’s digital revenues (mainly MoneyControl, News18.com and Firstpost) have grown 19% YoY to Rs 31 Cr.
Zainulbhai added: “With the various digital ventures in our fold, we are well positioned as the digital ecosystem grows. We are taking active steps to position each digital property so that it can expand and be successful.”
Under print, total subscriptions copies of Forbes India sold grew by 2% over last quarter. Issue-wise news-stand sales have grown from 43% to 52%.

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

With Shikhar Dhawan as their brand ambassador, a partnership with NBA and FIFA and a Rs.10 crore marketing budget, this sporty start-up is moving strength to strength.

In an interaction with exchange4media, Sinha, the Country Head at Epsilon shared insights on the growth of Epsilon, integration of Artificial Intelligence and the future of other conventional mediums of marketing

The awards which saw over 816 entries were adjudged by a distinguished jury of around 211 industry leaders through intensive judging sessions across the country

22feet Tribal Worldwide to handle digital marketing while DDB MudraMax to handle on-ground promotions, venue management and logistics management

While market charges access fee to provide HD channels, DishTV will now give the access to popular HD channels to all subscribers