New Delhi, January 15, 2025.
Network18 Media & Investments Ltd has reported a loss of Rs 1,400 crore in the December quarter while its revenue from operations was Rs 1,360.50 crore, which is not comparable with the year-ago period due to the merger of its subsidiary Viacom18 with Star India.
It reported a Rs 25.68 crore profit before exceptional items. However, on a consolidated basis, it faced a loss of Rs 1,425.73 crore, due to the derecognition of its subsidiaries, which has been accounted on a provisional basis during the quarter.
