Network 18

Shares of media majors Network 18 Media and Investments and TV18 Broadcast soared up to over 9 per cent in intraday trade on Tuesday on the NSE

Network18 Media & Investments on Saturday said its consolidated net loss widened to Rs 152.31 crore in the second quarter ended September 30 on account of investments in sports and digital assets. The company had posted a net loss of Rs 119.18 crore a year ago, according to a regulatory filing from Network18 Media & Investments, one of the largest media conglomerates in the country, owned by Reliance Industries. However, its consolidated revenue from operations rose 1.6 per cent to Rs 1,825.18 crore for the September quarter. It was Rs 1,865.50 crore in the corresponding quarter of the preceding fiscal. "With 6 per cent growth in News business revenue and continued improvement in margins. Overall profitability was impacted due to Sports and Digital investments in Viacom18," the company said in an earning statement. The total expenses in the September quarter rose 1.64 per cent to Rs 2,243.13 crore. Network 18's total income for the second quarter of FY2024-25 was flat at Rs ...

Once the merger with Network18 is fully approved by the Ministry of Information and Broadcasting (MIB), both E18 and TV18 will cease to exist as separate entities

NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.

This merger of Viacom18 and Walt Disney Co's Indian media arm makes the combined entity India's largest entertainment conglomerate with a portfolio of 120 channels

Former McKinsey India head Adil Zainulbhai has been reappointed as chairman of billionaire Mukesh Ambani's listed media company Network18, while veteran journalist Rahul Joshi has been given another three-year term as managing director. Zainulbhai, currently, is an independent director on the board of Network18. He is also the chairman of the company. His second five-year term ends on July 6. With effect from July 7, he has been "appointed an additional director (non-executive, non-independent director)", Network18 said in a stock exchange filing. "Further, he is also designated as chairman of the company." The shedding of the independent director tag is being seen as giving Zainulbhai -- an IIT and Harvard graduate who previously was chairman of McKinsey India as well as chairman of Quality Council of India -- more say in the company's operations. Zainulbhai was first appointed on the board of Network18 in July 2014. The company said its board has also approved "re-appointment o

A day after Reliance, Viacom18 and Disney announced a mega joint venture, RIL traded firm, while shares of TV18 group hit the 5% lower circuits. Here's a quick chart check.

Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1

Network18 Media & Investments Ltd on Wednesday reported a consolidated net loss of Rs 111.17 crore for the second quarter ended September 30. The company's investments in sports and digital platforms, which are new growth verticals for the company, led to the widening of its loss. It had posted a loss of Rs 28.84 crore during the July-September period a year ago, according to a regulatory filing. However, the company's consolidated revenue from operations rose 20.44 per cent to Rs 1,865.50 crore in the second quarter of the current fiscal. The same stood at Rs 1,548.89 crore in the year-ago period. In an earnings statement, Network18 Media said its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) declined due to investments made in growth verticals -- sports and digital. "Consolidated revenue for the quarter grew 20 per cent y-o-y to Rs 1,866 crore, driven by the performance of News business, Movie Studio and Sports vertical," it said. During the quarter,

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Network 18 Media and Investments or NW18 had approached Sebi to settle the matter through the settlement order

The company had posted a consolidated net profit of Rs 148.29 crore in the corresponding period last fiscal, Network 18 Media and Investments Ltd said in a regulatory filing

The top court also granted liberty to one of the complainants, represented through lawyer Rizwan Merchant, to file the link of original broadcast within one week from today

In addition to synergy gains, strategic partner could add to digital offerings

Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18

RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger

Billionaire Mukesh Ambani's Reliance Industries on Thursday denied reports of selling its news media business to Times Group. Bloomberg early on Thursday reported that Ambani "is in talks to sell his news media assets to India's Times Group, as Asia's richest man plans to unload a business that's been losing money". "Reliance Industries firmly denies (the) story. The story is baseless and false," a company spokesperson said. The report had quoted people familiar with the matter to say that Bennett Coleman & Co, the publisher of the Times of India, is looking to hire advisers for due diligence on the news properties of Ambani's Network18 Media & Investments Ltd. Bennett Coleman's spokesperson couldn't be immediately reached for comments. Reliance had in 2014 bought Network18, which owns and operates 56 local channels spanning news and entertainment, for up to Rs 4,000 crore. Network18 owns TV channels (including CNBCTV18, CNN-IBN, CNN Awaz), websites (firstpost.com, ...

Sources suggest that Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18's entertainment channels

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