Media Archives - indiabusinessview

Balaji Telefilms cuts costs; turns loss to profit

January 28, 2011August 20, 2014Editor

Media and entertainment company, Balaji Telefilms, turned the corner in the December 2010 quarter, compared to the September quarter or sequential basis. It earned a net profit of Rs 1.2 crore, compared to a loss of Rs 6.4 crore.
This is despite sales rising by a relatively low 3%. Compared to the December 2009 quarter, its sales growth is flat, but net profit has fallen by 33%.

Balaji Telefilms to sell non-core biz

January 14, 2011August 20, 2014Editor

Balaji Telefilms, a media and entertainment company famous for its television serials, has decided to hive off its three divisions in the ICT domain (information and communications technology). These are the mobile, internet division and education divisions.

Network18 downsizes business news operations

November 20, 2009August 20, 2014Editor

Network18 is recasting its broadcasting business to lower its cost base. The company will merge the logistics, backend and broadcasting operations of its two business channels, the flagship CNBC TV18 and the Hindi business news channel CNBC Awaaz. Both channels are 10 years and 5 years old respectively.