Friday, August 17, 2012

Network18’s publishing unit posts ‘steady’ revenue


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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