NDTV to launch 9 new channels in different languages
The Hindu
Media firm New Delhi Television Limited (NDTV) on May 18 said the company’s board of directors has approved a proposal to seek permission from the Ministry of Information and Broadcasting for the launch of nine news channels in different Indian languages in phases.
Media firm New Delhi Television Limited (NDTV) on May 18 said the company's board of directors has approved a proposal to seek permission from the Ministry of Information and Broadcasting for the launch of nine news channels in different Indian languages in phases.
The media firm said it will duly intimate the stock exchanges on the launch date of the said channels after receiving approval from the Ministry.
Also Read | Adani Group acquires NDTV founders Roys’ 27.26% equity stake
NDTV on May 1 posted a 97.5% decline in net profit to ₹59 lakh for the quarter that ended March 31, 2023. The firm had a consolidated net profit of ₹24.16 crore in the corresponding quarter last fiscal.
The firm said its revenue from operations dropped 35.5% to ₹66.96 crore during the quarter under review, against ₹103.8 crore in the year-ago period.
According to the statement from the media firm, NDTV reduced the external borrowings, to ₹3 crore in the quarter under review from ₹9 crore last year. The cash and cash equivalents stood at ₹103.6 crore for the quarter ended March 2023, against ₹116.4 crore last year.
"The Adani Group is privileged to further bolster NDTV with world-class infrastructure and talent and transform NDTV into a thriving multi-platform global news organisation," said Founder and Chairman of the Adani Group Gautam Adani, in the statement.
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