Has highlighted that carriage fees remain a cause for major concern. Ad revenues up 10 per cent
BestMediaInfo Bureau | Delhi | August 2, 2012
For the quarter ended June 30, 2012, NDTV group has reported consolidated revenues of over Rs 100 crore. While the network has claimed in a statement that expenses have been contained as a result of the cost rationalisation measures, it has highlighted that carriage fees remain a cause for major concern. The carriage fee of Rs 31 crore during the quarter contributed to an overall loss of Rs 26 crore.
Advertising revenue increased by approximately 10 per cent vis-Ã -vis the same quarter last year.
Traditionally, the April to June quarter is seasonally unfavourable for the media industry. This has been exacerbated by the global economic downturn. Despite this, NDTV has successfully contained costs, the statement added. Significant growth in new revenue streams has resulted in lower dependence on FCT ad revenues.
NDTVâ€™s across-the-group cost and resource optimisation exercise is beginning to show results. NDTV News Operations (standalone) has reported a reduction in costs over the same quarter last year and over the previous quarter.
Revenue of NDTV Convergence, which operates the Internet and mobile business of the group, grew by more than 35 per cent over the same quarter last year. New I-pad and Android news apps have been successfully launched
NDTV Worldwide has also shown a sharp growth in revenue by 27 per cent over the same quarter last year.