Internet biz to be hived off into separate cos: TV18
Published on Mon, May 29, 2006 at 15:43 , Updated at Mon, Jun 19, 2006 at 19:08
Source : Moneycontrol.com
| ads by google |
TV18's Q4 consolidated net sales are at Rs 53.5 crore Vs Rs 38.85 crore (QoQ). The consolidated net profit is at Rs 21.9 crore Vs Rs 12.78 crore (QoQ, Pre ESOP Charge). The consolidated net profit for the same period is at Rs 18.48 crore Vs Rs 11.96 crore (QoQ, Post ESOP Charge). The internet business has fetched Rs 6 crore in terms of revenues for FY06. The company's other venture, Awaaz, has achieved break even. Going forward, the company has a capex plan of over Rs 300 crore. The company's CEO Haresh Chawla says that the company's restructuring and stock split will be completed in 6-8 months. Chawla further revealed that the company’s internet business would be hived off into two separate companies.
Excerpts from CNBC-TV18’s exclusive interview with Haresh Chawla: Q: Going forward how does the picture look like? A: These numbers are only for our CNBC-TV 18 channel and our Internet business. Awaaz and CNN- IBN channels are yet to be integrated into listed companies and that is going to go through a re- structuring right now. We have seen extremely good performance from our four channels. Even Channel 7, which is set to be re-launched within the next 10 days, has shown an improvement in ratings. For the moment, we are going to consolidate the growth that we are seeing.
Q: For this particular quarter how much did the Internet business pump in?
A: The Internet business has given us about Rs 6 crore. It is over six times since the last year. Q: When do you expect Awaaz to break even? A: Awaaz has already broken even. Now it is growing into profitability. We expect that growth to continue. Q: Tell us about your capex plans for the year? A: We have internally chalked out very aggressive growth plan both for TV and Internet businesses. I cannot disclose the figures right now as to what are our investment plans. They are surely in excess of Rs 300 crore. |
Archive 1 | 2 | | Next page » | |
Messages on Business Talk
Other comments
Rel Cap to synergise insurance, MF, Money products
Reliance Capital, which has not been spared either in this financial crisis, has revamped its business and it had p...
in Business Talk - MMB Messenger at 17-Oct-08 01:16
High Risk, High Returns: Myth or Fact?
The stock markets are risky business. At least that’s the line most people who didn’t park their money in Dalal Str...
in Business Talk - panasonic at 16-Oct-08 07:37
Rate this article
News
14-10 Web18 Holdings exits JV with Ambit ...
Notices
13-10 Television Eighteen India Ltd has i...
13-10 Television Eighteen India Ltd. has ...
Expert Advice
No Expert Advice on TV 18
Management Interviews
29-07 TV18 confident of web, newswire biz...
28-04 Hindi, Eng newspapers to be launche...
Brokerage Reports
02-05 TV 18 an outperformer: Prabhudas Li...
19-09 Buy TV18, target Rs 967: Sharekhan...
Technical Calls
No Technical Calls on TV 18
Chat
Prakash Gaba
Technical Analyst ,
(17 Oct- 15:30hrs)
How to be an effective trader?
Poll
Newsletter
Keep in touch with News day & night. Subscribe to:
Mobile Services
Get news on the move SMS to 52622
- SMS M for Market News
- SMS B for Latest Business News
- SMS S (stock name) for latest news




Offline

