Broadcasting firm IBN18 today posted a consolidated net loss of Rs 11 crore for the quarter ended June 30, 2010.
The company had reported a consolidated net profit of Rs 6 crore for the same period last year, IBN18 said in a filing to the Bombay Stock Exchange.
"The group has consolidated its subsidiaries, which were not taken into account in the previous year ended March 31, 2010. Thus the consolidated results of the group are not comparable with previous period," the filing added.
Revenue for the first quarter of the ongoing fiscal stood at Rs 173 crore, while it had a revenue of Rs 107 crore in Q1 FY10, it added.
Earlier this month, Network18 group had announced realignment of its operations and creation of two new listed entities —- one focusing on television and the other on operations such as websites and publishing.
While the new Network18, will have a controlling stake in new TV18 and will operate the digital, publishing, sports and event management businesses, the TV businesses were consolidated under IBN18.
IBN18 includes CNBC-TV18, CNN-IBN, IBN7, CNBC-Awaaz and the group's 50 per cent stake in Colors, MTV, Nick, VH1 and IBN Lokmat.
