News Broadcasting
GBN posts maiden net profit in Q4
MUMBAI: : Global Broadcast News Limited (GBN) has announced a maiden net profit for the quarter ended 31 March 2007, within 15 months of launch of its channel CNN-IBN.
The net profit stood at Rs 27.8 million while for the full fiscal net loss was at Rs 320.3 million. Says GBN joint managing director Sameer Manchanda, “The last quarter has seen GBN turn into black.”
For the fourth quarter of 2006-07, gross revenues stood at Rs 290.7 million with income from operations accounting for Rs 279.8 million. During 2006-07, gross revenues were at Rs 799.4 million.
Total expenditure for the entire fiscal stood at Rs 986.7 million with staff costs amounting to Rs 321 million and marketing, distribution and promotions to Rs 249.2 million.
Out of Rs 1.05 billion raised through an initial public offering (IPO), the company has utilised Rs 645.9 million (till 31 March 2007).
GBN’s share of loss based upon its holding in BK Fincap (BKF) is Rs 43.9 million during the quarter ended 31 March 2007. The company holds 49 per cent in BKF. Since August 2006. BKF holds 89.99 per cent shares in Jagaran TV Pvt Ltd (JTV).
GBN shares rose seven per cent on the BSE to close today’s trading at Rs 618.90.
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
