TV18 Broadcast

New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent

Media firm TV18 Broadcast Ltd on Tuesday reported a 95.55 per cent decline in its consolidated net profit to Rs 10.28 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 231.40 crore for the July-September period of the previous fiscal, TV18 Broadcast said in a regulatory filing. However, its consolidated revenue from operations rose by 12.65 per cent to Rs 1,473.43 crore compared to Rs 1,307.90 crore in the corresponding quarter a year ago. TV18 Broadcast's total expenses were at Rs 1,485.95 crore, up 34.59 per cent from Rs 1,104 crore earlier. According to the company, economic sentiment remained weak during the quarter with high inflation posing a challenge for companies, especially in the FMCG sector. During the quarter, brands held back advertising spends on new product launches and sustenance campaigns due to these headwinds. Advertising spends by startups and e-commerce players also declined due to the difficult fund-raising ...

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Its consolidated revenue from operations rose by 9.53 per cent to Rs 1,265.05 crore during the quarter under review compared to Rs 1,154.98 crore in the corresponding quarter a year ago.

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Network18 Media & Investments on Tuesday reported 58.1 per cent year-on-year surge in its consolidated net profit to over Rs 61 crore during Q4FY22.

Reliance and Viacom18, on Wednesday, announced a strategic partnership with Bodhi Tree Systems to form one of the largest TV and digital streaming companies in India

Dish Tv too has bounced back from its major support level and can gain up to 8 per cent. Nazara Technologies, however, looks weak.

As on December 31, 2021, Rakesh Jhunjhunwala's wife Rekha Rakesh Jhunjhunwala held 25 million or 1.46 per cent stake in the company.

TV industry saw an all-time high advertising volumes in the third quarter driven by strong consumer demand, increased spending by existing brands for a higher share of voice.

Media firm TV18 Broadcast Ltd on Tuesday reported a 17.4 per cent drop in its consolidated net profit to Rs 311.55 crore for the third quarter ended December 2021.

In the past three months, the market price of the company has more-than-doubled as against a 0.56 per cent rise in the Sensex.

The war of words between Invesco and ZEEL shows that minority shareholders were not in the loop about the acquisition talks till Tuesday

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme," Den Networks said

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme, Den said in a statement

Media firm TV18 Broadcast Ltd on Tuesday reported an over two-fold increase in consolidated net profit to Rs 115.55 crore for the September quarter. The company had posted a net profit of Rs 46.55 crore in the July-September period of the previous fiscal, TV18 Broadcast said in a regulatory filing. However, its consolidated revenue from operations dipped 10.14 per cent to Rs 1,012.80 crore for the quarter under consideration, as against Rs 1,127.13 crore in the corresponding period a year ago. Total expenses were at Rs 909.82 crore compared to Rs 1,104.13 crore earlier, down 17.59 per cent. TV18 Broadcast Chairman Adil Zainulbhai said the company's broadcasting businesses have recovered from the impact of the COVID-19 pandemic to a "very large degree". "Our proactive measures on cost-control have resulted in much-improved profitability across both News and Entertainment, despite certain market segments still suffering from pressures due to the coronavirus," he added. Advertisemen

Media firm TV18 Broadcast Ltd on Wednesday reported a 91.88 per cent decline in consolidated net profit at Rs 1.88 crore for the first quarter ended June 2020

Hathway Bhawani Cabletel & Datacom were locked in upper circuit for the 40th straight trading day

For every 100 shares of TV18, Hathway, and Den, their shareholders would get 92, 78, and 191 shares of Network18

Markets regulator Sebi on Friday said that no open offer needs to be made due to various agreements involving investment by Independent Media Trust (IMT) of funds received from a Reliance entity into Network 18 companies. It was alleged Reliance Industries Ltd (RIL) in the guise of executing investment agreement or so called Zero Coupon, Optionally & Fully Convertible Debentures (ZOCDs) agreement, indirectly acquired control over Network 18 without following the procedure prescribed under the Takeover Regulations. In February 2012, ZOCD agreement was entered into by and between six private limited companies (together termed as holding companies) owned and controlled by IMT, Raghav Bahl and his wife in their individual capacity. Under the ZOCD agreement, IMT was to invest funds received from Reliance Industrial Investments and Holdings Limited by subscribing to the ZOCDs of the holding companies and these holding companies were obliged to utilise ZOCD subscription amount for ...