News this week: Infomedia18, a subsidiary of Television Eighteen India, announced its financial results for the year ended 31st March 2011. Revenues were US$34 million, a year-on-year 30% increase. The company recorded a net loss of US$6.9 million – an improvement over last year’s US$11 million loss.
Most of Infomedia18’s revenues were generated from its publishing business, which amounted to US$24 million or 69% of total revenues. Only 26% of revenues were generated by its printing operations – amounting to US$8.8 million.
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