"A meeting of the board of directors of the company will be held on September 18, 2013 to consider delisting of equity shares of the company from stock exchanges," Reliance Broadcast Network Ltd (RBNL) said in a filing to BSE.
CEO Tarun Katial said this is the right time to raise prices and was done to correct audience position in some of the key markets like Delhi and Chandigarh.
Tarun Katial, CEO of Reliance Broadcast said the company's performance has been impressive taking into account the improvement in the both the radio and television businesses.
Tarun Katial, chief executive officer of Reliance Broadcast says, the company expects to breakeven in Q4FY13.
Reliance Broadcast Network Ltd (RBNL) today said it has narrowed its consolidated net loss to Rs 28.70 crore for the quarter ended June 30, 2012.
In an interview with CNBC-TV18, Tarun Katial, CEO, Reliance Broadcast said the improved EBITDA margin was due to the good cost measures that company took throughout the year on the radio business.
A new channel has been launched in the regional space by BIG CBS, a joint venture between Reliance Broadcast and CBS. Tarun Katial, chief executive officer of Reliance Broadcast sees good traction in the TV business.
Big CBS, the joint venture between Anil Ambani owned Reliance Broadcast Network and US-based CBS Studios International, which runs three English language TV channels in India, is expanding in the regional space with the planned launch of a Punjabi TV channel.
In an interview to CNBC-TV18, Tarun Katial, chief executive officer of Reliance Broadcast says, the radio business is now profit after tax (PAT) positive.
Tarun Katial, chief executive officer (CEO) of Reliance Broadcast expects the television business to fetch 20-30% revenue by last quarter of this financial year. In an interview to CNBC-TV18 he said, the quarterly runrate of the television business is expected to scale up to Rs 8-15 crore ahead.
Reliance Broadcast Network, part of Anil Ambai-promoted ADAG, aims to grow its revenues five-fold over the next five years. Some market experts see this as an ambitious target.
Anil Dhirubhai Ambani Group’s Reliance Broadcast Network Monday said it is entering the regional entertainment space and will launch BIG Magic, a television channel targeted at the Hindi heartland of Uttar Pradesh, Madhya Pradesh and Bihar, on April 4.
Reliance Broadcast has signed a term sheet with Europe’s RTL Group, the parent company of Fremantle Media. In an interview with CNBC-TV18, Tarun Katial, CEO, Reliance Broadcast threw light on the joint venture.
Tarun Katial, CEO, Reliance Broadcast Network, praises the architectural splendour of the Spanish city.