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What happened to TV Today Network Ltd's consolidated net profit? TV Today Network Ltd on Wednesday reported a 64.4 per cent decline in consolidated net profit to Rs 7.02 crore for the second quarter ended September. The company had reported a net profit of Rs 19.72 crore in the July-September period a year ago, it said in a regulatory filing.
What happened to network TV? Network TV had seen an average year-over-year primetime TV viewership fall of -3% in 2018, and -8% in 2019. This jumped up to -16% in 2020 and did not see viewers return once the shows did. In other words, viewers learned to adopt new services — be they SVOD, FAST, social media or YouTube — and no longer watch content from TV networks ASAP.
What happened to Tenderfoot TV? EXCLUSIVE: Tenderfoot TV, the podcast company behind series such as To Live and Die in LA and Up and Vanished , and Campside Media, the company behind the Chameleon podcast franchise, have closed a multi-show deal and announced their first slate.
How did TV Today Network perform in the quarter under review? Total expenses of TV Today Network increased 8.47 per cent to Rs 213.18 crore during the quarter under review. TV Today Network's total income in the September quarter was marginally down to Rs 223.13 crore from the year-ago period. Shares of TV Today Network on Wednesday settled at Rs 206.45 on the BSE, down 3.75 per cent from the previous close.
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