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Revenue
from news operations was at Rs 735.05 million, up from Rs 476.92
million a year ago. Profit (after tax and ESOPs) in this segment
was at Rs 156.93 million, as against Rs 119.40 million.
Though
revenue from the internet and software operations more than doubled
to Rs 123.23 million (from Rs 53.16 million), TV18 incurred a
loss (after tax and minority interest) of Rs 77.38 million as
against a profit of Rs 16.36 million in the corresponding quarter
of the previous year.
Newswire18's
revenue jumped to Rs 24.69 million, compared with Rs 8.93 million
in the previous quarter. Loss (after tax and minority interest)
has improved to Rs 29.86 million, from Rs 49.92 million.
Said
TV 18 MD Raghav Bahl: "Our channels are maintaining their
leadership positions and revenues from Newswire18 are growing
strongly. We are investing aggressively in Web18 as Internet remains
a key focus area."
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