Network 18 Media & Investments Ltd News

Network18, TV18 rally on RIL plans to close merger with Disney India in Q3

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 Q2FY25 results: Net loss increases to Rs 152.31 cr

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 ...

Network18 Media & Investments gets 3 months extension for convening AGM

Network18 Media & Investments, which owns Reliance Industries' media assets, has received a three-month extension for convening its Annual General Meeting for FY24. The Registrar of Companies (RoC) on Tuesday granted its approval for extension of time for holding the AGM, accepting the application of the company, according to a regulatory filing from Network18 Media. Reliance is in the process of merging its media assets, including Network18 with global media giant The Walt Disney Co India business, which will create the country's largest media empire worth over Rs 70,000 crore. "This is to inform you that pursuant to the application filed by the company for extension of time for holding the 29th AGM of the company for financial year 2023-2024, Ministry of Corporate Affairs (office of the Registrar of Companies, Mumbai ) vide its order dated September 17, 2024, granted its approval for extension of time for holding the AGM," it said. Media ventures of Reliance are housed in ...

These 5 BSE A-group stocks look weak on charts; can slide up to 17%

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

Network18, TV18 surge up to 13% on CCI nod for RIL-Disney India merger

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

Viacom18 delivers historic Olympics presentation, streaming breaks records

For the first time, Olympics coverage in India was presented across 20 concurrent feeds, on JioCinema for free, as fans watched their preferred action and Indian performances

Former McKinsey India head Zainulbhai reappointed as Network18 chairman

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