Network 18 Media & Investments Limited
Add to watch list to get report alerts
BSE Code:
532798
NSE Code:
NETWORK18
Business Profile
Business Profile
Network18 Media & Investments (NETWORK18), the holding company of the TV18 group, is one of the country`s leading full play media conglomerates with interests in television, internet, print, filmed entertainment, mobile content and allied businesses. It was incorporated as a private limited company on Feb. 16, 1996 and converted into a public limited company on Oct. 20, 2006. Earlier known as Network 18 Fincap, it got its present name with effect from Dec. 01, 2007.
Through its holding in Television Eighteen India (TV18), the company operates India`s leading business news television channels, CNBC-TV18 and CNBC Awaaz. It runs Web18, one of the leading internet players, and Newswire, one of India`s leading real time financial information and news terminals. The acquisition of Infomedia, a leading player in the special interest publishing and printing operations space, marked its entry into the print media, which was followed by collaborating with Forbes media for the launch of a business magazine in India.
The company operates in the general news and entertainment space through its holding in ibn 18 Broadcast with leading general news channels CNN-IBN and IBN7 and has launched IBN Lokmat, a Marathi news channel in partnership with the Lokmat group. It operates a joint venture with Viacom, called Viacom18 which houses the MTV, VH1 and Nickelodeon channels in India and through a business transfer agreement manages Studio18, the group`s filmed entertainment operation including the recently launched Colors, a Hindi general entertainment channel.
Additionally, Network18 holds the group`s online and on-air home shopping venture, Homeshop18 and its full spectrum events management venture, E18. Other network channels include moneycontrol.com, IBNlive.com, PowerYourTrade, CommoditiesControl, JobStreet India, Yatra, CricketNext, CompareIndia, Tech2Com, Studio18, NewsWire18, Capital18, Idniwo, BookMyShow, Buzz18, Josh18, Biztech2, 52622 Mobile Service, IBN Lokmat, and StoreGuru.
The registered office is at 601, 6th floor, Commercial Tower, Hotel Le-Meridien, Raisina Road, New Delhi-110001
Financials
The company swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 148.21 million compared with a profit of Rs 303.35 million in the same quarter previous year. Net sales declined 57.19% to Rs 125.69 million, while total income for the quarter fell 71.46% to Rs 125.69 million, when compared with the prior year period. It reported loss of Rs 2.40 a share during the quarter compared with earnings of Rs 11.78 a share in previous year period.
Recent Developments
12-JUN-09
The company plans to raise approximately Rs 2.05 billion through private placement of shares to institutional investors.
Future Plans
The company plans to enter the regional news space in near future.