News Broadcasting
Television business props up Network 18 Q1-2014; prevents further reddening
BENGALURU: Network 18 Media & Investments Limited (Network 18) reported a profit after tax (PAT) of Rs18.9 crore in Q1-2014, as compared to a loss of Rs 90 crore in Q1-2013.
Results from three of the four revenue segments of the media and entertainment player reported losses, with television playing the lone hand in keeping profits for Q1-2014 buoyant and positive. Though Network 18 reports combined figures for Television and Motion Pictures, company officials confirmed that Motion Pictures had also added to Network 18 losses.
Despite showing revenue growth, the other two segments -digital content and e-commerce business; and allied businesses also pulled down profits for Q1-2014.
Let us take a look at the figures for Q1-2014
Operating revenue for Q1-2014 stood at Rs 556.6 crore on a reported basis.
The corresponding figure for Q1-2013 was Rs 435.6 crore, hence showing a 28 per cent growth for Q1-2014. Operating revenue during Q1-2014, was however lower by 18 per cent as compared to the Rs 679.6 crore for the preceding quarter Q4-2013.
Revenue from the television and motion business at Rs 437.4 crore was 47.2 per cent higher than the Rs 297.2 crore for Q1-2013 but about 8.6 per cent lower than the Rs 511.3 crore for Q4-2013.
Revenue from digital content and e- commerce at Rs 106.9 crore grew 46.8 per cent as compared to the Rs 72.8 crore in Q1-2013, and was about 3.2 per cent lower than the Rs 110.4 crore during Q4-2013.
Revenue for Q1-2014 from allied businesses fell 37.7 per cent to Rs 65.6 crore from Rs 105.3 crore in Q1-2013 and 36.7 per cent from Rs.103.6 crore in Q4-2013.
Digital content and e-commerce reported a loss of Rs 43.5 crore. Allied businesses reported a loss Rs 9.9 crore and Rs 9.2 crore were contributed to the losses from discontinued operations. Television and Motion picture business propped up the company with an operating profit of Rs 23.8 crore. The company turned in a profit after tax of Rs 18.9 crore for the quarter.
Network18 managing director Raghav Bahl said, “The macroeconomic environment continues to be challenging and growth prospects remain uncertain. Despite this backdrop, our core TV and digital businesses turned in a steady performance. We continued the profitable monetisation of our investments and raised growth capital in HomeShop18. There were pockets of weaknesses in our portfolio and we are committed to improving segments that are not meeting expectations. We have a strong portfolio of media businesses and remain confident of unlocking its value for our stakeholders”.
Network 18,group CEO B. Saikumar said, “The core television and digital businesses got off to a stable start in the new fiscal year. Our entertainment broadcasting business showed strength and the e-commerce businesses grew strongly. While our news and infotainment businesses have seen distinct softness in advertising, our entertainment businesses led by Colors have performed well on this front. Motion pictures have seen losses this quarter and the management is confident of stemming them in the immediate term. Net distribution revenues from IndiaCast are on a strong growth trajectory and we continue to be enthused by its growth potential. Our e-commerce businesses continued their stellar growth and the digital content business grew steadily as well. We remain confident of delivering a strong year ahead.”
News Broadcasting
CNN-News18 to air live counting day coverage for five state election results on May 4
The channel is rolling out its biggest election coverage machinery yet for results day on 4th May
NOIDA: The votes have been cast. Now comes the reckoning. CNN-News18 is pulling out all the stops for results day on 4th May, when counting begins across five battleground states — West Bengal, Assam, Kerala, Tamil Nadu and the Union Territory of Puducherry — in what promises to be one of the most closely watched electoral verdicts in recent memory.
The channel’s coverage, titled Battle for the States: The Verdict, kicks off at 7am and runs through the day across linear TV, connected television and YouTube. It is the culmination of CNN-News18’s multi-format editorial initiative, Battle for the States, which has tracked the polls from the beginning under the theme Road to Power.
At the operational heart of the coverage will be the Live Results Hub, the channel’s central command centre built to collate, verify and process real-time data flowing in from reporters stationed at counting centres across constituencies. The hub combines newsroom intelligence, analytics and on-the-ground reporting to deliver what the channel promises will be the fastest and most accurate results coverage in English news.
Leading the on-air charge will be primetime anchors Rahul Shivshankar, Anand Narasimhan, Aman Sharma, Nabila Jamal and Shivani Gupta. They will be joined by a wide panel of commentators including author Chetan Bhagat; GVL Narasimha Rao, senior leader of the BJP; Smita Prakash, editor of ANI; activist Saira Shah Halim; political analyst Sumanth C Raman; Abhijit Iyer Mitra, senior fellow at IPCS; Amitabh Tiwari, founder of VoteVibe; columnist Abhijit Majumdar; Nalin Mehta, managing editor of MoneyControl; political analyst Tehseen Poonawalla; senior journalist Subir Bhaumik; and political analyst Manojit Mandal.
Shivshankar, who serves as editorial affairs director at CNN-News18, set out the stakes plainly. “Counting day is one of the most watched events in the electoral cycle, where speed and credibility are tested in real time,” he said. “Battle for the States: The Verdict is built on that promise, combining ground reporting, sharp analysis and cutting-edge election technology to give viewers the clearest and fastest route to the verdict. On May 4, CNN-News18 will once again be the nation’s most trusted channel to witness democracy in action.”
Smriti Mehra, chief executive of English and Business News at Network18, framed the coverage in broader terms. “Elections are defining national events, and audiences turn to brands they trust in moments that matter,” she said. “CNN-News18 has consistently led from the front in every election coverage, and this special programming reflects the scale of our ambition and editorial strength.”
The channel has form here. It claims to have been India’s most preferred English news destination for election results for the past 20 years, covering everything from the 2024 general elections to the Delhi, Maharashtra, Bihar and BMC polls on the back of what it calls an “Always First, Always Right” record. Five states, one day, and a nation waiting for answers. The clock starts at 7am on 4th May.
