The company had posted a profit of Rs 8.82 crore during the October-December period a year ago, according to a regulatory filing by Network18 Media & Investments Ltd.
Network18 to Merge Television, Digital News Businesses; Entity to Consolidate TV18 And E18: Network18 said the merger aims to simplify the company's holding structure and create India's leading integrated news media conglomerate
The media company, which also owns stakes in Viacom18, saw its operating revenue increase by 20% year-on-year to Rs 1866 crore, driven by the news business, movie studios, and sports verticals. Viacom18 owns and operates 38 TV channels besides the JioCinema streaming platform. It also runs 20 news channels across multiple languages in addition to digital news properties
ICICI Lombard Insurance, Schaeffler India, CRISIL and Tata Coffee will be among the stocks in focus as they will be declaring their March quarter earnings today.
Network18's entertainment business revenues grew 13 per cent in Q1 FY23 despite its free-to-air Hindi general entertainment channel (GEC) going off DD FreeDish, said an earnings statement from the company.