News this week: Indian media group, Network18, parent company of B2B publisher
Infomedia18, announced financial
results for the quarter ended 30th June 2011. Group revenues were
US$87.8 million, an increase of 35% over the same quarter in 2011. The group
reported a net loss of US$16.4 million compared with a loss of US$11.5 million
in the same quarter last year.
Mumbai-based
Infomedia18, who recently restructured to incorporate its publishing business
under new division Network18 Publishing, reported “steady performance” with
revenues of US$4.3 million and an operating loss of US$880,000 during the
quarter.
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