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DEN Networks posted yet another quarter of profits with a strong performance on a year on year basis. However sequentially, the company saw no growth. Content costs were up in the quarter while employee benefit expenses were down 22 percent. In an interview with CNBC-TV18, SN Sharma, CEO of the company spoke about the results and his outlook for the company.
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Media stocks have been in the limelight off late as they have been finding favour with veteran investors like Porinju Veliyath. Den Networks saw a strong turnaround at the profit level, led by EBITDA growth in the quarter gone by.
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Den Networks reported a strong quarter. In an interview to CNBC-TV18, SN Sharma, CEO of the company spoke about the results and his outlook going ahead.
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In an interview to CNBC-TV18, SN Sharma, CEO, Den Networks spoke about the results and his outlook for the company.
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Den Networks' CFO Manish Dawar says the Rs 140-crore preferential issue will increase Goldman‘s stake in the company to roughly 24.5 percent and trim promoter stake to 37 percent.
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Watch the interview of Manish Dawar, Group CFO, Den Networks with Anuj Singhal and Sonia Shenoy on CNBC-TV18. He spoke about the latest happenings in his company and sector.
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Manish Dawar, CFO of Den Networks says, the company has invested Rs 15 crore in TV business with Snapdeal and expects this business to break even some time during the coming financial year.
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Ortel Communications, which is promoted by BJD‘s Jay Panda is all set to tap the capital markets and raise close to Rs 250 crore.
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Sameer Manchanda, CMD, DEN Networks, says there are 130 million televised homes in India - 90 million being cable. Of this, only 20 million has been digitalized.
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In an interview to CNBC-TV18, SN Sharma, CEO, Den Networks explains benefits of direct billing by MSOs.
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Cable distribution company DEN Networks intends to use the recently raised funds for consolidating the digitisation process and for broadband rollout, MG Azar told CNBC-TV18.
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The biggest challenge, consensus on TRAI’s agenda has been agreed upon. However there is apprehension on the issue of implementation and it is this that can have huge ramifications on the sector and importantly the viewer.
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Speaking to CNBC-TV18 MG Azhar, COO of Den Networks said, the company has clocked closer to Rs 30 crore in EBITDA (QoQ). "We expect to maintain similar kind of work for the rest of the year," he added.
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The cabinet has approved ordinance for cable network digitisation. In an interview to CNBC-TV18, MG Azar, president strategy and business development of Den Networks said, it is a game changer for the entire TV distribution market in India.
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The Network 18 Group posted a 21% rise in consolidated revenues for the financial year 2010-11 to Rs 1,484 crore. For the fourth quarter (January to March) the company’s revenues grew 15% to Rs 406 crore over the corresponding quarter last year.
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CNBC-TV18’s Mitali Mukherjee spoke to Sameer Manchanda, CMD of Den Network on what does he expects of the Zee Turner and Star Den Media Services alliance.
