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Tag: IBN18

  • IBN18 Q4 standalone net loss at Rs 110 mn, rev up 25%

    IBN18 Q4 standalone net loss at Rs 110 mn, rev up 25%

    MUMBAI: IBN18 Broadcast has reported a standalone net loss of Rs 110 million for the quarter ended 31 March, from a net loss of Rs 220 million it had posted in the corresponding quarter of the previous fiscal.

    The standalone results constitute the financials of English and Hindi news channels CNN-IBN and IBN7.

    Total income of the company during the quarter under review surged to Rs 690 million, up 25.45 per cent from the earlier year.

    Expenses rose to Rs 690 million, as against Rs 620 million in the corresponding quarter of the previous fiscal and Rs 640 million in the trailing quarter.

    IBN18 managed to be Ebitda positive, as compared to an operating loss of Rs 60 million in the year-ago period. In the trailing quarter, the Ebitda profit was at Rs 80 million.

    For the full fiscal ended 31 March, the company’s net loss has come down to Rs 490 million, from Rs 820 million in FY’10.

    Total income from news operations increased 16.19 per cent to Rs 2.44 billion, from Rs 2.10 billion a year ago, while expenses also surged to Rs 2.50 billion (from Rs 2.22 billion).

    Ebitda loss for the fiscal narrowed to Rs 50 million, from Rs 120 million a year ago.

    On a consolidated basis, IBN18’s net loss for the fourth-quarter stood at Rs 130 million, down from Rs 220 in year ago quarter. Total income was at Rs 2.06 billion, while expenditure stood at Rs 1.98 billion for the quarter. Operating profit was at Rs 80 million.

    For the full fiscal, the company posted a consolidated net loss of Rs 170 million, significantly lower than a net loss of Rs 1.10 billion in previous fiscal. Total revenue jumped to Rs 8.04 billion, while expenses were at Rs 7.57 billion. Operating profit was at Rs 480 million, as against loss of Rs 290 million.

    The consolidated results include financials of Viacom18 and IBN Lokmat. The company consolidated the financials of The Indian Film Company into Viacom18 from the third quarter of the fiscal.

    IBN18 shares closed Monday at Rs 88.45 on the BSE, down 0.39 per cent down the previous close.

  • NDTV gains on Star deal; market expects equity partnership

    NDTV gains on Star deal; market expects equity partnership

    MUMBAI: A day after NDTV announced its five-year ad sales deal with Star India, the scrip of the news broadcaster has gained for the second consecutive day.

    Shares of NDTV rose 5.35 per cent today to Rs 74.80 till the filing of this report (1 pm). The scrip had gained 2.82 per cent on Tuesday, the day NDTV said it had given the mandate to Star to manage the ad sales of its news channels.  
         
      NDTV was the biggest gainer among the news broadcasters. Incidentally, barring IBN18, all the listed players in the news broadcasting business are seeing an upsurge.

    Shares of Zee News Ltd rose 5.07 per cent to Rs 11.60 till the filing of this report. TV Today also saw a 2.35 per cent surge with the scrip trading at Rs 60.85.

    BAG Films and Media gained 2.98 per cent to Rs 7.25.

    TV18 gained 0.60 per cent and was trading at Rs 75.75, while IBN18 lost 0.92 per cent (Rs 91.65).

    “NDTV has seen a rally because of the ad sales deal. But the scrip will sustain momentum only if an equity deal is announced between NDTV and Star. The market is expecting it as they feel that the deal is a conflict of interest with MCCS, the company which runs Star News, Star Anand and Star Majha where Star has a 26 per cent stake,” says a media analyst.
     

  • Marathi new channels have potential to grow

    Marathi new channels have potential to grow

    NEW DELHI: Even if Marathi viewers understand Hindi with equal ease, the future is bright for Marathi TV news channels. And the reason behind this is that Hindi news channels fail to meet the needs of a Marathi viewer.

    Marathi TV news editors believe that viewers of Maharashtra have an appetite for hard news, which the national news channels lag behind in the state.

    Talking at the 4th News Television Summit, Star Majha editorial head Rajiv Khandekar and IBN Lokmat News editor Mandar Phanse agreed that the sensational and trivial content served by Hindi news channels is not digested by the Marathi viewer.
         
      Khandekar started the discussion saying that all the three 24-hour Marathi news channels – Star Majha, IBN Lokmat and Zee 24 Taas – strictly adhere to “news and meaningful programming”.

    “We don’t show bhoot-pret stuff on our channel, and neither sensationalise stories. Our programming also is focused on value addition, in terms of education, religion etc,” Khandekar said.

    Phanse said Marathi news channels have to focus on politics and other issues. “There are so many issues within the state and we don’t need to drift focus. IBN Lokmat has made an impact with its programming.”

    Talking about the financial aspects and business model of the channels, both agreed that being a part of a group helped in many ways. They don’t need to spend much on carriage as they are part of the bouquet; they can also get the national and international feed easily and the wide network of bureaux helps in news gathering operations.

    Star Majha is a part of MCCS, which also operates Star News (Hindi) and Star Anand (Bangla). Zee 24 Taas, on the other hand, is part of Zee News Ltd, which has Hindi news channel Zee News and many regional language news channels. IBN Lokmat is a JV between Lokmat Group and IBN18, which runs CNN IBN and IBN7.

    Phanse and Khandekar said revenues were not accurately tapped as their channels lacked in proper marketing and promotions.

    “A properly marketed Marathi news channel can attain break-even in less than three years. But the problem is our channels are not marketed well,” Phanse agreed.

    When questioned about the scope for more news channels in the same space, Khandekar cited examples of local cable channels. “In towns like Sholapur and Kolhapur there are 24-hour cable news channels. Actually, Maharashtra is so diverse that there can be news channels for specific regions – Vidarbha, Marathwada and Nagpur – and all can flourish,” said Khandekar.

    Currently, apart from these three channels, public broadcaster DD Sahyadri, ETV Marathi, Saam Marathi and Mi Marathi telecast news capsules.

  • IBN18 narrows Q3 standalone net loss to Rs 10 mn

    IBN18 narrows Q3 standalone net loss to Rs 10 mn

    MUMBAI: IBN18 Broadcast has curtailed its standalone net loss to Rs 10 million for the quarter ended 31 December, from a net loss of Rs 109.63 million in the year-ago period.

    The standalone results constitute the financials of English and Hindi news channels CNN IBN and IBN7.

    Total income surged to Rs 720 million, up 24.14 per cent from the earlier year, on ad gains due to the festive season during the quarter.

    Meanwhile, expenses were under check at Rs 640 million as compared to Rs 525.98 million in the corresponding quarter of the previous fiscal.  
         
    IBN18 has reported operating profit of Rs 80 million for the quarter under review compared to an operating profit of Rs 60 million in the prior-year period.

    IBN18‘s consolidated net profit stood at Rs 200 million. Total income was at Rs 2.36 billion, while expenditure stood at Rs 2.04 billion for the quarter. Operating profit was at Rs 320 million.

    The consolidated results include financials of Viacom18, The Indian Film Company (50 per cent each) and IBN Lokmat.

  • IBN18 narrows standalone net loss to Rs 170 million

    IBN18 narrows standalone net loss to Rs 170 million

     MUMBAI: IBN18 has narrowed its standalone net loss for the quarter ended 30 September to Rs 170 million, as against a net loss of Rs 600 million in the corresponding quarter of the previous fiscal.

    Even on a quarter-on-quarter basis, the net loss is less compared to that of Rs 190 million in the first quarter of the fiscal.

    The standalone results constitute the financials of CNN IBN and IBN7.

    The income from the quarter under review jumped 30 per cent on a year-on year basis. But on a Q-o-Q basis, it has remained almost flat at Rs 520 million.
    Meanwhile, expenses at Rs 590 million rose marginally over the earlier year, but remained same as compared to the previous quarter.

    The standalone Ebitda loss was at Rs 70 million, less than Rs 170 million it incurred in the year-ago period.

    IBN18‘s consolidated net loss stood at Rs 130 million. Total income was at Rs 1.89 billion, while expenditure stood at Rs 1.87 billion for the quarter.

  • IBN18 Q1 standalone net loss at Rs 190 mn

    IBN18 Q1 standalone net loss at Rs 190 mn

    MUMBAI: IBN18 Broadcast has posted a standalone net loss of Rs 190 million for the three months ended 30 June, swinging away from a net profit position as it gained political advertising from the general elections in the earlier-year quarter.

    Total income dropped 9 per cent to Rs 520 million, indicating the windfall from political ads was short-lived. In the first quarter of FY’10, the company had posted a standalone net profit of Rs 170 million on a revenue of Rs 570 million.

    The standalone results constitute the financials of English and Hindi news channels CNN IBN and IBN7.

    In the quarter under review, IBN18 has reported an operating loss of Rs 70 million, up from a loss of Rs 60 million in the prior-year period.

    Expenses rose 15.68 per cent to Rs 590 million, as against Rs 510 million in the corresponding quarter of the previous fiscal.

    IBN18’s consolidated net loss stood at Rs 110 million. Total income was at Rs 1.73 billion, while expenditure stood at Rs 1.68 billion for the quarter.

  • IBN18: Losses rise; operational efficiency improves

    IBN18: Losses rise; operational efficiency improves

    MUMBAI: Things appear to be looking up at an operational level for IBN18 if one considers the company’s financial results for the year ended 31 March 2010. There has been a healthy jump in revenues and a slight fall in costs on a standalone basis. This, after last fsical’s operational losses, is a positive sign. However, from the shareholders viewpoint further improvements will have to be done by the management since IBN18’s overall net loss has widened to Rs 821 million in the year, as compared to Rs 682.21 million in FY09.

    The standalone results include the performance of the two news channels CNN IBN and IBN7.

    The company has posted a 15.9 per cent jump in the revenue for the fiscal at Rs 2.1 billion, as compared to last fiscal’s Rs 1.81 billion. Also its expenses have dipped marginally to Rs 2.37 billion from Rs 2.41 billion in FY09.

    IBN18’s other income rose considerably this fiscal at Rs 536.51 million, as compared to Rs 39.86 million. Interest charges have also shot up and at Rs 433.92 million these are 126.6 per cent higher than FY09 where they were Rs 191.5 million. For FY10, the company posted an operating profit (Ebitda) of Rs 415.89 million as against an Ebitda loss of Rs 391.32 million.

    On a consolidated basis, IBN18’s revenue rose considerably from Rs 1.83 billion in FY09 to Rs 6.03 billion FY10, mainly because of accrual of its JV partner Viacom18’s revenue to its balance sheet. However, it also added to the expenses of the firm at Rs 6.55 billion, as against Rs 2.57 billion in FY09. The net loss the firm made on a consolidated basis is Rs 1.1 billion in FY10, up from last fiscal’s 920 million. However, after adding the other income of Rs 548 million in the fiscal, the company has turned Ebitda positive at Rs 239.61 million, as against an operating loss of Rs 512.31 million in previous fiscal.

    On a consolidated basis, IBN18 has included the financial results of its 50 per cent joint venture stakes in Viacom 18 and IBN Lokmat. Viacom18 which has had a net loss of Rs 429.9 million contributed Rs 168.8 million to IBN 18’s consolidated net loss in FY10. IBN Lokmat on the other hand sustained a net loss of Rs 210.9 million and contributed a further Rs 105.4 million to the firm’s consolidated net loss.

    One of the reasons the company’s net loss in FY10 has gone up even though its operational workings have improved, is due to a provision made for an expected diminution in value of investments, to the tune of Rs 658.94 million on a standalone basis and Rs 658.1 million on a consolidated basis.

    IBN18’s share price closed at Rs 83 on the Bombay Stock Exchange on Friday.

  • IBN18 Q3 standalone net loss at Rs 109.6 mn

    IBN18 Q3 standalone net loss at Rs 109.6 mn

    MUMBAI: IBN18 Broadcast Ltd has posted a standalone net loss of Rs 109.63 million for the quarter ended 31 December, marginally up from a net loss of Rs 104.05 million in the year-ago period.

    The standalone results constitute the financials of English and Hindi news channels CNN IBN and IBN7.

    For the quarter under review, total income increased 24.47 per cent to Rs 585.03 million. The company managed to keep the expenses under check at Rs 525.98 million, as compared to Rs 533.32 million in the corresponding quarter of the previous fiscal.

    In the quarter, IBN18 has reported operating profit of Rs 59.05 million, as compared to an operating loss of Rs 63.30 million in the prior-year period.

    The company said in a statement that CNN IBN managed a 48 per cent Q-o-Q revenue growth, while IBN7 has seen a jump of 39 per cent in revenue. It also said that the Hindi news channel has achieved EBITDA break-even during the quarter.

    IBN18’s consolidated net loss stood at Rs 106.06 million. Total income was at Rs 1.94 billion, while expenditure stood at Rs 1.85 billion for the quarter.

  • IBN18 Q2 standalone net loss at Rs 598.7 mn

    IBN18 Q2 standalone net loss at Rs 598.7 mn

    MUMBAI: IBN18 Broadcast Ltd widened its standalone net loss to Rs 598.66 million for the quarter ending September. The company had posted a net loss of Rs 175.76 million in the year-ago period.

    The standalone results constitute the financials of CNN IBN and IBN7.

    For the quarter under review, total income fell 12 per cent to Rs 408.46 million, as against Rs 464.48 million a year ago. Expenses were at Rs 574.56 million, up marginally by 2.13 per cent.

    The company incurred exceptional expenses of Rs 296.74 million, as option premium paid by IBN18 through its wholly owned subsidiary which had been written off as impairment.

    Operating loss widened to Rs 166.10 million in the quarter, as compared to Rs 98.09 million in the prior-year period.

    IBN18’s consolidated net loss stood at Rs 823.68 million. Total income was at Rs 1.37 billion, while expenditure stood at Rs 1.73 billion for the quarter.

  • IBN18 gets board nod to raise Rs 5.1 billion via rights issue

    IBN18 gets board nod to raise Rs 5.1 billion via rights issue

    MUMBAI: Raghav Bahl-promoted Network18 group companies are on a fund-raising spree. IBN18 Broadcast said Thursday it would raise up to Rs 5.10 billion through a rights issue, much in line with TV18 which has taken an enabling resolution to mop up a similar amount.

    The board has approved the rights issue of equity shares aggregating to Rs 5.10 billion, IBN18 Broadcast said in a filing to the BSE.

    “The pricing, ratio, timings and other terms of the rights issue shall be decided by the issue committee of the board of directors, in consultation with the lead managers,” the company added.

    The company has also got the board nod to increase its authorised capital from Rs 400 million to Rs 550 million. This is subject to necessary approvals from the shareholders of the company.

    IBN18 houses English news channel CNN IBN, Hindi news channel IBN7, Marathi news channel IBN Lokmat and is a joint venture partner with media conglomerate Viacom in Viacom18.

    Earlier, TV18 had announced its plans of a rights issue, primarily to repay debt. The company houses the business news channels CNBC TV18 and CNBC Awaaz and financial and news terminal Newswire18.