(a) Fixed assets Value for individual Fixed Assets acquired from The
 Hindustan Times Limited (the holding company) in an earlier year is
 allocated based on the valuation carried out by independent experts.
 
 Other Fixed Assets arestated at cost less accumulateddepreciation and
 impairment losses, if any. Cost comprises
 thepurchasepriceandanydirectlyattributablecost of bringing theasset to
 its working condition for its intended use. Borrowing costs relating to
 acquisition of Fixed Assets which takes substantial period of time to
 get ready are also included to the extent they relate to theyeartill
 such assetsarereadyfortheir intended use.
 
 Leasehold improvements represent expenses incurred towards civil works,
 interior furnishings.etcon the leased premises at various locations.
 
 (b)  Depreciation
 
 Leasehold Land is amortised overthe primary period of lease.  Leasehold
 Improvements are amortized over the useful life of upto 10 years or
 unexpired period of lease (whichever is lower) on a straight line
 basis.
 
 In respect of fixed assets acquired in an earlier year from the holding
 company, which are estimated to have lower residual lives than
 envisaged as per the rates provided in Schedule XIV to the Companies
 Act, 1956, depreciation is provided based on such estimated lower
 residual life.
 
 In respect of fixed assets (Plant & Machinery- printing press) acquired
 during the year 2004-05 from the holding company, depreciation is
 provided on straight line method over estimated useful lifeof 5 years
 as technically assessed by an independent expert.  Assets costing below
 ?5,000 each are fully depreciated in theyear of acquisition.
 Depreciation on other assets (except those acquired from the holding
 company) are provided on Straight Line Method at the rates computed
 based on estimated useful life of the assets, which are greater than or
 equal to the corresponding rates prescribed in Schedule XIV to the
 Companies Act,1956.
 
 (c) Intangibles Software Licenses
 
 Value for individual software license acquired from the holding company
 in an earlier year is allocated based on the valuation carried out by
 an independent expert.
 
 Software licenses acquired from the holding company, which are
 estimated to have lower residual lives than that envisaged above, are
 amortised over such estimated lower residual lives.
 
 Cost relating to other software licenses which are purchased is
 capitalized and amortized on a straight line basis over their estimated
 useful lives of five years or six years, as the case maybe.
 
 Software licenses costing below ?5,000 each are fully depreciated in
 theyear of acquisition.
 
 Website Development
 
 Cost relating to website development is capitalized and amortized over
 their estimated useful lives of sixyears on a straight line basis.
 
 License Fees
 
 OneTime Entry Fees paid by the Company for acquiring licenses having
 useful life of 10 years for its Radio Business including consultancy
 cost for Bidding Phase II is capitalized and is amortized on a straight
 line basis.
 
 MusicContents
 
 Cost relating to music contents, which are purchased, is capitalized
 and amortised on a straight line basis overtheirestimated useful lives
 of fouryears.
 
 (d) Expenditure on new projects and substantial expansion
 
 Expenditure directly relating to construction activity is capitalized.
 Indirect expenditure incurred during construction year is capitalized
 as part of the indirect construction cost to the extent to which the
 expenditure is directly related to construction or is incidental
 thereto.  Other indirect expenditure (including borrowing costs)
 incurred during the construction year, which is not related to the
 construction activity nor is incidental thereto is charged to the
 Profit & Loss Account. Incomeearned during construction year is
 adjusted against the total of theindirect expenditure.
 
 All direct capital expenditure incurred on expansion is capitalized. As
 regards indirect expenditure on expansion, only that portion is
 capitalized which represents the marginal increase in such expenditure
 involved as a result of capital expansion. Both direct and indirect
 expenditure are capitalized only if they increase the value of the
 asset beyond its originally assessed standard of performance.
 
 (e) Leases (where the Company is the lessee)
 
 Finance leases, which effectively transfer to the Company substantially
 all the risks and benefits incidental to ownership of the leased item,
 are capitalized at the lower of the fair value and present value of the
 minimum lease payments at the inception of the lease term and disclosed
 as leased assets. Lease payments are apportioned between the finance
 charges and reduction of the lease liability based on the implicit rate
 of return. Finance charges are charged directly against income. Lease
 management fees, legal charges and other initial direct costs
 arecapitalised.
 
 If there is no reasonable certainty that the Company will obtain the
 ownership by the end of the lease term, capitalized leased assets are
 depreciated over the shorter of the estimated useful life of the asset
 or the lease term.
 
 Lease where the lessor effectively retains substantially all the risks
 and benefits of ownership over the leased term, are classified as
 operating leases. Operating lease payments/receipts are recognized as
 an expense/income in the Profit and Loss Account on a straight-line
 basis overthe lease term.
 
 (f) Investments
 
 Investments that are readily realizable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long-term investments. Current
 investmentsarecarried at lower of cost and fairvaluedeterminedonan
 individual investment basis. Long-term investments are carried at cost,
 however, provision for diminution in value is made to recognise a
 decline other than a temporary in the value of the investments.
 
 (g) Inventories
 
 Inventories arevaluedas follows:
 
 Rawmaterials.storesandspares Lower of cost and net realizable value.
 However, material and other items held for use in the production of
 inventories are not written down below cost if the finished products in
 which they will be incorporated are expected to be sold at or above
 cost.  Cost is determined on a weighted average basis.
 
 Work-in-progress Lower of cost and net realizable value. Cost includes
 direct materials and a proportion of manufacturing overheads based on
 normal operating capacity. Cost is determined on a weighted average
 basis.
 
 Scrap and Waste papers At net realizable value.
 
 Net realizable value is the estimated selling price in the ordinary
 course of business, less estimated costs of completion and estimated
 costs necessary to make thesale.
 
 (h) Revenue recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured. Specifically, the following basis is adopted:
 
 Advertisements
 
 Revenue is recognized as and when advertisement is published /displayed
 and is disclosed net of discounts.
 
 Sale of News & Publications, Waste Paper and Scrap Revenue is
 recognized when thesignificant risks and rewards of ownership have
 passed on to the buyer and is disclosed net of sales return and
 discounts.
 
 Printing Job Work
 
 Revenue from printing job work is recognized on the completion of job
 work as per terms of theagreement.
 
 Airtime Revenue Revenue from radio broadcasting is recognized on an
 accrual basis on the airing of clients commercials.
 
 Interest
 
 Revenue is recognized on a time proportion basis taking into account
 the amount outstanding and the rate applicable. Income on investment
 made in the units of fixed maturity plans of mutual funds is recognized
 based on the yield earned and to the extent of itsreasonablecertainty
 
 Dividend
 
 Revenue is recognized if the right to receive payment is established by
 the balancesheet date.
 
 Commission Income
 
 Commission Income from sourcing of advertisement orders on behalf of
 other entities publications is accruedon printing of theadvertisement
 in thepublications.  (0 Foreign currency transactions
 
 Initial Recognition
 
 Foreign currency transactions are recorded in the reporting currency by
 applying to the foreign currency amount, the exchange rate between the
 reporting currency and the foreign currency prevailing atthedateof the
 transaction.
 
 Conversion
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are carried in terms of historical cost
 denominated in a foreign currency, are reported using the exchange rate
 at the date of the transaction and non-monetary items which are carried
 at fair value or other similar valuation denominated in a foreign
 currency are reported using the exchange rates that existedwhen the
 values weredetermined.
 
 Exchange differences
 
 Exchange differences, in respect of accounting years commencing on or
 after December 07, 2006, arising on reporting of long-term foreign
 currency monetary items at rates different from those at which they
 were initially recorded during the year, or reported in previous
 financial statements, in so far as they relate to the acquisition of a
 depreciable capital asset, are added to or deducted from the cost of
 the asset and are depreciated over the balance life of the asset, and
 in other cases, are accumulated in a Foreign Currency Monetary Item
 Translation Difference Account in the enterprises financial
 statements and amortized over the balance year of such long-term
 asset/liability but not beyond accounting year ending on or beforeMarch
 31,2011.
 
 Exchange differences arising on the settlement of monetary items not
 covered above, or on reporting such monetary items of company at rates
 different from those at which they were initially recorded during the
 year, or reported in previous financial statements, are recognized as
 incomeoras expenses in theyearin which theyarise.
 
 Forward Exchange Contracts not intended for trading or speculation
 purposes The premium or discount arising at the inception of forward
 exchange contracts is amortized as expense or incomeover the life of
 the contract. Exchange differences on such contracts are recognized in
 the statement of profit and loss in the year in which the exchange
 rates change.  Any profit or loss arising on cancellation or renewal of
 forward exchange contract is recognized as income or as expenseforthe
 year.
 
 (j) Retirement and other employee benefits
 
 i. Retirement benefits in the form of Provident Fund and Pension
 Schemes are defined contribution schemes and thecontributions
 arecharged to the Profit and Loss Account of the year when the
 contributions to the respective funds are due. There are no other
 obligations otherthanthecontributionpayableto the respective funds.
 
 ii. Gratuity is a defined benefit plan and is provided for on the basis
 of an actuarial valuation carried out as per projected unit credit
 (PUC) method by an independent actuary as at year end and is
 contributed to Gratuity Fund created by the Company.
 
 iii. Provision for leave encashment arising on long term benefits is
 accrued and made on the basis of an actuarial valuation carried out as
 per projected unit credit (PUC) method by an independent actuary at the
 year end. Short term compensated absences are provided for based on
 estimates.
 
 iv.  Actuarial gains/losses are immediately taken to Profit and Loss
 Account and are not deferred.
 
 (k) Impairment
 
 (i) The carrying amounts of assets are reviewed at each balance sheet
 date if there is any indication of impairment based on
 internal/external factors. An impairment loss is recognized wherever
 the carrying amount of an asset exceeds its recoverable amount. The
 recoverable amount is the greater of the assets net selling price and
 value in use. In assessing value in use, the estimated future cash
 flows are discounted to their present value using a pre-tax discount
 rate that reflects current market assessments of the time value of
 money and risks specifictotheasset.
 
 (ii) After impairment, depreciation is provided on the revised carrying
 amount of the asset over its remaining useful life.
 
 (I) Provisions
 
 A provision is recognized when theCompany has a present obligation as a
 result of past event and it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are not discounted to their
 present value and are determined based on best estimate required to
 settle the obligation at each Balance Sheet date. These are reviewed at
 each Balance Sheet date and are adjusted to reflect the current best
 estimates. Provision for expenditure relating to voluntary retirement
 is made when the employee accepts the offer of early retirement and
 such provision amount is charged to Profitand Loss Account in the year
 of provision.
 
 (m) IncomeTaxes
 
 Tax expense comprises fringe benefit, current and deferred taxes.
 Fringe benefit and current income tax are measured at the amount
 expected to be paid to the tax authorities in accordance with the
 Income-tax Act, 1961. Deferred IncomeTax reflects the impact of current
 year timing differences between taxable income and accounting income
 for the year and reversalof timing differencesofearlieryears.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balancesheet date. Deferred
 taxassets and deferred tax liabilities are offset, if a legally
 enforceable right exists to set off current taxassets against current
 tax liabilities and the deferred tax assets and deferred tax
 liabilities relate to the taxes on income levied by same governing
 taxation laws. Deferred tax assets are recognized only to the extent
 that there is reasonable certainty that sufficient future taxable
 income will be available against which such deferred tax assets can be
 realized. In situations where the Company has unabsorbed depreciation
 or carry forward tax losses, all deferred tax assets are recognized
 only if there is virtual certainty supported by convincing evidence
 that they can be realized againstfuture taxable profits.
 
 At each balance sheet date the Company re-assesses unrecognized
 deferred tax assets. It recognizes unrecognized deferred tax assets to
 the extent that it has become reasonably certain or virtually certain,
 as the case may be that sufficient future taxable income will be
 availableagainst which such deferred taxassets can be realised.  The
 carrying amount of deferred tax assets are reviewed at each balance
 sheet date. The Company writes-down the carrying amount of a deferred
 tax asset to the extent that it is no longer reasonably certain or
 virtually certain, as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realized. Any such write-down is reversed to the extent that it becomes
 reasonably certain or virtually certain,
 asthecasemaybe.thatsufficientfuturetaxableincomewillbeavailable.  MAT
 credit is recognized as an asset only when and to theextent there is
 convincing evidence that the Company will pay normal Income-tax during
 the specified period. In the year in which the Minimum Alternative Tax
 (MAT) credit becomes eligible to be recognized as an asset in
 accordance with the recommendations contained in Guidance Note issued
 by the Institute of Chartered Accountants of India, the said asset is
 created by way of a credit to the Profit and Loss account and shown as
 MAT Credit Entitlement. The Company reviews the same at each balance
 sheet date and writes down the carrying amount of MAT Credit
 Entitlement to the extent there is no longer convincing evidence to the
 effect that Company will pay normal Income-taxduringthespecified
 period.
 
 (n) EarningsPerShare
 
 Basic Earnings Per Share is calculated by dividing the net profit or
 loss for the year attributable to Equity Shareholders (after deducting
 preference dividend and attributable taxes) by the weighted average
 number of equity shares outstanding during the year. The weighted
 average numbers of equity shares outstanding during the year are
 adjusted for events of bonus issue, bonus element in a rights issue to
 existing shareholders, share split and reversesharesplit (consolidation
 of shares).
 
 For the purpose of calculating Diluted Earnings Per Share, the net
 profit or loss for the year attributable to equity shareholders and the
 weighted average number of shares outstanding during the
 yearareadjustedforthe effects of all dilutive potential equity shares.
 
 (o) Employee Stock Compensation Cost
 
 Measurement and disclosure of the employee share-based payment plans is
 done in accordance with SEBI (Employee Stock Option Scheme and Employee
 Stock Purchase Scheme) Guidelines, 1999 and the Guidance Note on
 Accounting for Employee Share-based Payments, issued by the Institute
 of Chartered Accountants of India.The Company measures compensation
 cost relating to employee stock options using the intrinsic value
 method.  Compensation expense is amortized over the vesting year of the
 option on a straight line basis.
 
 (p) Cash and Cash equivalents
 
 Cash and Cash equivalents in the Cash Flow Statement comprise cash at
 bank and in hand and short term investments with an original maturity
 of three months or less.  Cash flows are reported using indirect
 method, whereby profit before tax is adjusted for the effects
 transactions of a non-cash nature and any deferrals or accruals of past
 or future cash receipts or payments. The cash flows from regular
 revenue generating, financing and investing activities of
 theCompanyaresegregated.
 
 (q) Borrowing Costs
 
 Borrowing costs directly attributable to the acquisition, construction
 or production of an asset that necessarily takes a substantial period
 of time to get ready for its intended use or sale are capitalized as
 part of the cost of the respective asset. All other borrowing costs are
 expensed in the period they occur. Borrowing costs consist of interest
 and other costs that an entity incurs in connection with the borrowing
 of funds.
 
 (r) Segment Reporting Policies Identification of segments:
 
 TheCompanys operating businesses are organized and managed separately
 according to the nature of products and services provided, with each
 segment representing a strategic business unit that offers different
 products and serves different markets. The analysis of geographical
 segments is based on the areas in which major operating divisions of
 the Company operate.
 
 Intersegment Transfers:
 
 The Company generally accounts for intersegment sales and transfers as
 if the sales or transfers were to third parties at current market
 prices.
 
 Allocation of Common Costs:
 
 Common allocable costs are allocated to each segment on a rational
 basis based on nature of each such common cost.
 
 Unallocated Items:
 
 Corporate income and expenses are considered as a part of unallocable
 income & expense, which are not identifiable to any business segment.
 
 Segment Policies:
 
 The Company prepares its segment information in conformity with the
 accounting policies adopted for preparingand presenting
 thefinancialstatements of theCompany asa whole.
 
 (s) Broadcast License Fees
 
 License fees are charged to Profit and Loss account at the rate of 4%
 of gross revenue for the year or 10% of Reserve One Time Entry Fee
 (ROTEF) for the concerned city, whichever is higher.Gross Revenue
 forthis purpose is revenuederived on the basis of billing rates
 inclusive of any taxes and without deduction of any discount given to
 the advertiser and any commission paid to advertising agencies. ROTEF
 means 25% of highest valid bid in thecity