With an extensive presence across languages in both TV and Digital domains, the merger is poised to empower Network18 to consolidate and expand its business from a robust position
Digital news business of TV18 and Network18, that include brands such as moneycontrol, firstpost, cnbctv18.com and news18.com, also saw a 20% increase in revenue.
Of the 17 deals in 2010, 14 were together valued at USD 170 million. The sector cracked 23 deals in 2011, valued at USD 170 million. The sector saw 51 deals being struck in 2012, and 28 of these make up for over USD 1.25 billion.
Digital content and eCommerce business grew to Rs. 400.9 crore for the year, up 193 percent year-on-year (adjusted for the sale of Newswire18). Stake sales in non-core businesses added Rs 180 crore to the annual profit and raised Rs 235 crore for the Network18 Group.
Balrampur Chini, Reliance Communication are a miss whereas Apollo Tyres, Central Bank, Essar OIl are a hit for SP Tulsian.
Nitin Jain of Edelweiss Securities feels that market is showing great signs of momentum. His bias stays on the long side.
Market experts Sudarshan Sukhani of s2analytics.com and SP Tulsian of sptulsian.com advise investors on CNBC-TV18 to brace for correction and bet on media anmd United Phosphorus.
SP Tulsian of sptulsian.com advised buying Zee Entertainment, Sun TV and TV18 on a correction of about 3-4 percent.
Technical analyst, Sudarshan Sukhani of s2analytics.com indicated that the long positions are short-term in nature, but the moment favours the bulls, so ride the momentum.
Technical analyst, Sudarshan Sukhani, s2analytics.com shared his reading and outlook on market and specific stocks.
Bandyopadhyay helps investors out with their investment queries as part of moneycontrol.com‘s initiative Know Your Investment.
IndiaCast, the global distribution arm of TV18 and Viacom18, has formed a joint venture with DisneyUTV company UGBL for aggregation and wholesale distribution business of TV channels in India. IndiaCast is a 50:50 joint venture between TV18 and Viacom18.
It was a quite but a solid start to the week. The Nifty did not look in any danger of a big correction today. It started closed with modest gains. Just in the middle of the day there was a period where it looked like it would give up most of its gains but that got arrested towards the end.
TV18 Broadcast turned corner during the quarter ended December, reporting a consolidated net profit of Rs. 21.3 crore, driven by strong growth in broadcasting and distribution revenues.