Network 18’s TV news business grew 26% in revenue in the first quarter of the current fiscal year, the company said in its financial report.
The company registered a revenue of Rs 337 crore in the quarter, compared to Rs 266 crore for the same period last fiscal.
“The network’s revenue grew 26% in the quarter, driven by strong growth in advertising revenue. Strong viewership gains are based on ad revenue growth that the network has achieved over the past year, which has helped improve certain channel values. Genre decreases while network ad inventory increases. The network also saw strong traction in the monetization of IP-led events,” the company said.
