NDTV Losses Widen Significantly; Ad Sales Dropped 19%, To Cut Headcount by 20%
Broadcaster NDTV Ltd posted a net loss of Rs44.74 crore for the quarter ended 31 March, swinging from a profit of Rs3.31 crore during the year ago period, on significant non-recurring costs and falling ad revenues. For the fiscal ended 31 March, the company posted losses of Rs73.18 crore, compared with a profit of Rs4.28 crore during the year-ago period. This includes non-recurring costs of Rs40.45 crore, the company said in a statement.
NDTV
It looks like the economist Prannoy Roy himself needs a crash course in running a business ASAP. This must be the only Co with majority of its qtrs in losses and still enjoying unrealistic and unsustainable P/Es.
this are the indicators of the tough time ahead. surprisingly NDTV with one of the best contents is going through this phase. This makes us think that the Broadcasters should look at alternative revenue medium at the cost of content being compromised. i believe that is the reason why India TV , AAJ TAK or related channels are still going good.
This is one of the best companies run in the industry and not to forget the cleanest ones from non aligning with the corruption and industrialists. NBC has deep pockets to make this company #1. So does the private investor Keyur Patel, who has always backed the companies in trouble and made them #1 over years. Both of these investors are key to NDTV's future and dont underestimate their moves.
Sunil Agrawal
<i>This is one of the best companies run in the industry and not to forget the cleanest ones from non aligning with the corruption and industrialists.</i>
U do really know to crack jokes in these recessionary times ..keep it up!
Favouritism and Nepotism are rife at NDTV and every journo knows that…Mr. u have a lot to learn about NDTV and Prannoy Roy…
…and for NDTV to be #1 all they need to do is change their editorial policy from leftist liberal to right of center/conservative.
You've got some criticism on your piece from nks here, SK!
M,
Which one above is a criticism of SK's write up?