TV Today Topline Crosses Rs 200cr Mark

Media News

New Delhi, June 1

TV Today Network Limited announced its annual results for FY 06-07 today. The topline at Rs 202.44 Crores, has grown by over 20% over last Financial year’s figure of Rs 167.89 Crores. The net profit is up 12% at Rs 31.09 Crores against Rs 27.77 Crores last year. The PBITD figure went up from 60.37 Crores to 65.31 Crores, despite distribution costs going up by over a 100%. The EPS is at Rs 5.36, up from Rs 4.79 over FY 05-06, indicating greater value for shareholders. Further, the company has declared a dividend of 15% on equity shares of face value Rs 5 each.

In this Financial Year, TV Today launched its fourth 24-hour news channel – Dilli Aaj Tak. Dilli Aaj Tak is a utility-based channel specific to Delhi/NCR, and aims to be the channel that Delhiites turn to, for any kind of information they need on Delhi – from news to shopping to eating out etc.

Another significant development has been the overwhelming success of TV Today’s international foray. Aaj Tak and Headlines Today were launched in the US on the Dish Network in the last Financial. The number of subscribers has gone up significantly, and a separate feed has been launched for the US for both these channels. The separate feed aims at creating maximum value for the advertiser, and more relevant content for the international viewer.

As per the latest viewership data (TAM, All India, Average of Week 1 to 20) – Aaj Tak continues to be the preferred choice with a market share of 22.5% in the core TG of 15+, all India.

If we look at the channel share of the various news networks – TV Today continues to be the leader with a market share of 25% (Source TAM, All India Average of Week 1-20, 15+)

Group % Share

TV Today Network : 25

NDTV Network : 15

Zee Network : 11.6

STAR News Network : 13.6

TV 18 Network : 16.4

Others : 18.4

Mr G Krishnan, CEO of TV Today commented – “TV Today is on the growth track – we have continued to grow year on year despite the increasing number of players in the market. It is indeed heartening to note that as a network we have crossed the Rs 200 Crore mark. We expect to continue the good showing in future as well.”

Mr. Aroon Purie, Chariman and Managing Director of TV Today said – “In spite of an increasingly competitive market, our profits have only increased year on year. Each of our offerings is unique and that is why they have all made a distinct space for themselves. We will continue to deliver value to our investors and advertisers by expanding the news base”

Divulging some future plans, Mr Aroon Purie further said that it was proposed to acquire the group’s radio business after obtaining requisite approvals. He added that it was also proposed that the digital intellectual property held by TV Today and its holding company, Living Media India Ltd was to be assigned/transferred to a separate joint venture, in which shares would be held by both TV Today and Living Media in the proportion of the property valuation done by an independent valuer – “this would be exploited as a separate fully convergent digital business”, he added.

For further details, please contact:

Karan Chawla

Marketing

TV Today Network

8th Floor, Videocon Tower

New Delhi

Ph: 011-23684888, 41226666 (Extn 8079)

Fax: 011-23684897