CNN-IBN Revenues Up 54% (YOY)
-- EBIDTA Rs 103.88 mn Vs Loss of Rs 38.83 mn in Q3'07
-- Profit After Tax (PAT) Rs 17.88 mn Vs Loss of Rs 90.13 mn in Q3'07
-- IBN7 Revenues Up 135% (YOY); Cuts Down Operating Losses
-- MTV/NICKELODEON/VH1 (Viacom18 Channels) Continue To Perform Well In Their Respective Genres
-- Studio18 (Viacom18 Division) Begins Distribution Operations With Successful Films: "JAB WE MET" & "WELCOME"
-- Aggressive Investments Being Made in Regional News Channels; First Marathi News Channel Set To Be Launched In Next Quarter
Highlights:
-- GBN's revenues grow from Rs 252.09 mn to Rs 387.55 mn year on year.
-- IBN7 revenues grow from Rs 69.17 mn to Rs 162.60 mn year on year.
Following the meeting of The Board of Directors, Sameer Manchanda, Global Broadcast News's Jt. Managing Director said: "This quarter GBN acquired interest in the Non-News (Entertainment) space through Viacom18 which will make GBN a fully integrated Broadcasting player with leading brands across genres. CNN-IBN and IBN7 are leading brands in News, MTV and VH1 hold leadership position in music, Nickelodeon is rated as one of the most sticky kid's channel and Studio18 distributed two of the most successful films of 2007.This quarter CNN-IBN received two of the most prestigious Television Awards (Indian Tele Awards and Indian Television Academy Awards) for the "Best English News Channel".
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