TV18 Broadcast’s fiscal first quarter operating profit has dropped 75 per cent to Rs 11.8 crore (Rs 118 million) due to new channel launches that resulted in a hike in programming and marketing costs. While programming cost jumped 26 per cent over the year-ago period, marketing expenses were up 33 per cent. TV18 posted a consolidated net loss of Rs 4.29 lakh (Rs 0.43 million) in the quarter ended 30 June 2015. The loss was mainly because of the increase in expenses incurred on rebranding of ETV regional entertainment channels as Colors and increased operational expenses owing to six recent regional news channel launches in the last fiscal.
Read more at: http://www.televisionpost.com/television/tv18-q1-ebitda-pulled-down-by-new-channel-launches/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/tv18-q1-ebitda-pulled-down-by-new-channel-launches/ | TelevisionPost.com
