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Network18 Q1: TV news business logs 26% YoY revenue growth at Rs 337 crore

News18 India and CNN News18 "continue to be the leaders in their respective markets", with a viewership share of 15.6 percent in the Hindi news genre and 33.4 percent share in the English news genre, respectively, the company said.

July 18, 2023 / 22:04 IST
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TV18 News network's all-India viewership share in the news genre crossed 12 percent

The TV news business of media giant Network18 clocked a revenue of Rs 337 crore in the first quarter of fiscal year 2023-24, which is 26 percent higher as against Rs 266 crore reported in the year-ago period.

The surge in revenue, which defies industry trends, has been registered "despite continued weakness in the overall advertising environment", the company said in a release.

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"The growth is despite 5 percent YoY decline in news industry inventory consumption," it added.

News18, one of the company's flagship news channels, recorded growth powered by the increase in viewership shares and a strong focus on IP-events led advertising revenue, the release noted.