News this week: Indian media group, Cybermedia,
posted a net profit for the quarter ended 30th September. Net profit
in the second quarter of their financial year was a modest US$37,000. This is a
considerable improvement over the loss of US$180,000 recorded in the same
quarter in 2013.
Overall revenues were US$2.64 million – up 14% over the same
quarter in 2013. Cybermedia’s Media Services Business grew by 38% and accounted
for nearly 67% of total revenues. Cybermedia’s key businesses in this segment
include: Cybermedia Research (IT & telecom research), TDA Group (content
marketing agency) and Content Matrix (custom media solutions).
Cybermedia’s traditional media businesses recorded a 29%
drop in revenues in the quarter compared with the same quarter last year. The
group maintains 12 print properties and 30 online properties. Key properties
include: PCQuest, DQIndia, DQChannels, CIOL, GlobalServices
and CyberAstro.
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