News broadcaster New Delhi Television (NDTV) is looking to diversify in the digital and ecommerce space while news, its core business, is under pressure amid lower ad growth and higher carriage cost. NDTV has seen its fiscal first-quarter consolidated net loss widening, mainly on the back of ecommerce business, while its news business has remained unprofitable. Consolidated net loss in the quarter ended 30 June 2015 stood at Rs 24.29 crore (Rs 242.9 million), compared to a net loss of Rs 1.49 crore (Rs 14.9 million) a year ago. NDTV’s topline in the television business was impacted during the quarter under review, compared to the higher base in the previous fiscal due to ad income from general election.
Read more at: http://www.televisionpost.com/television/ndtvs-tv-biz-posts-losses-in-q1/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/ndtvs-tv-biz-posts-losses-in-q1/ | TelevisionPost.com
