The fact that subscription revenues have gone up shows that the new tariff order has been beneficial to the broadcasters, Rahul Joshi, MD of Network18 Media & Investments and TV18 Broadcast said in an interview to CNBC-TV18 on the quarterly earnings.
CNB-TV18's Latha Venkatesh spoke with TV18 CEO - News and Network18 Editor-in-Chief Rahul Joshi, and Viacom18 Group CEO Sudhanshu Vats.
CNBC-TV18 has toppled even the general news channels. I think it has done exceedingly well this year, said Rahul Joshi, CEO-News, TV18.
In an interview to CNBC Awaaz, Network18 Group CEO B Sai Kumar says with two Union Budgets next yearâ€” one hopefully in July-August and the other in February â€” TV channels are poised for growth.
In an interview to CNBC-TV18, B Sai Kumar, Group CEO of Network18 spoke about the Q3 performance and the road ahead.
TV18 Broadcast and Network18 Media & Investments reported strong operating profits and reported profits for the September quarter, compared to a loss during the same period last year.
Network18 Q1 PAT turned positive at Rs 19 crore versus Rs 90 crore loss a year earlier.
TV18 has plans for channels catering specifically to the Gujarati community, with the launch contingent on the roll out of DAS in Gujarat.
The environment for advertising revenues remains challenging, but there has been a dramatic improvement in TV18 Broadcast's net distribution income, says B Sai Kumar, Group CEO, Network 18 Media and Investments.
Network18 Media and Investments is on track to raise Rs 500 crore through sale of non-core assets by end of next financial year, Sarbvir Singh, Head, Investments said in an interview to CNBC-TV18.
Shares of Network 18 Media & Investments gained as much as 3.8 percent intraday on Monday, immediately after the company said it would sell its shareholding in Newswire18.
Network18 Media and Investments has set itself a six-12 month timeline to pare losses in its digital commerce business. Sarbvir Singh, head of investments, Network18, says the group will consider stake sales in non-core businesses so as to focus better on the main operations.
With the rights issue behind, TV18 Broadcast is now looking to benefit from a combination of favourable headwinds, says B Sai Kumar, Group CEO, Network18.
In an interview with CNBC-TV18, Sai Kumar, group CEO of Network18 said the company has diluted 20% stake at primary and secondary ends and has made a profit of Rs 45 crore from the transaction. Moreover, the CEO is hopeful of more such announcements in the next six to nine months.
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.
Network 18 Media & Investments has reported a Rs 79 crore profit in the third quarter ended December 2010 versus a loss of Rs 36 crore in the previous quarter. In an interview with CNBC-TV18, Haresh Chawla, Group CEO, Network18 said he expects a three-fold jump in subscription revenues over the next three years.