Chennai-based broadcaster Sun TV Network’s net profit in the first quarter ended 30 June 2012 fell 12.76 per cent to Rs 1.64 billion from Rs 1.88 billion a year ago, on loss of revenue due to non-carriage of its channels on the Tamil Nadu government-owned Arasu Cable network.
Sun TV has since signed an agreement with Arasu and its channels are being carried on the Arasu network from 1 August. Sun said its subscription revenues will start “falling in place” due to the successful conclusion of agreement with Arasu earlier this week but has not disclosed the terms of the distribution agreement.
The broadcaster’s total income in the first quarter was down 6.79 per cent to Rs 4.39 billion from Rs 4.71 billion a year earlier. The network’s Ebidta for the quarter stood at 76 per cent.
