TV18 cons qtrly revenues grow to Rs 1.32bn; up 64%

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TV18 cons qtrly revenues grow to Rs 1.32bn; up 64%

TV18 consolidated quarterly revenues grow to Rs 1.32 bn; up 64% (YOY). Business News revenues up 53% (YoY); Web18 revenues up 112% (YoY); Newswire18 revenues up 26% (QoQ)

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Following the meeting of the Board of Directors, Raghav Bahl, Television Eighteen 's Managing Director said: "We are extremely happy to declare this quarter's financial performance. Our news channels continue to lead the business news genre. The revenues from all properties are showing solid growth. Acquisition of Infomedia is underway and should soon be completed. We have forged a JV with Jagran Prakashan to launch a Hindi business newspaper and are also preparing to enter the English business newspaper market".

To view detailed press release click on the attachment.

Sourced From:  Television Eighteen  

(Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).