NDTV Plans Stake Sale In Online Edition NDTV.com

India Infoline.com: This can be an interesting Internet deal, if it happens. New Delhi Television Ltd is reportedly planning to sell a stake in its Internet edition besides launching new television channels, Chairman Prannoy Roy said on Tuesday.

“There’s a lot of interest for a strategic stake in ndtv.com, and we are weighing the option of unlocking value in it right now, or six months down the line,” Roy told analysts and reporters in a conference call.

The New Delhi-based news and current affairs broadcaster late on Monday reported a fiscal third-quarter net profit of Rs 141.18 million, down 7.5 per cent from the same period a year earlier. However, total revenue were up 29.5 per cent at Rs 688.96 million.
During the October to December quarter, NDTV signed deals with DirecTV in the U.S., Britain’s BSkyB and Canada’s ATN for carrying its news channels on their satellite platforms. NDTV also bought, along with Malaysia’s Astro and India’s Value Labs, three FM radio operations of the Living Media Group with licences for Mumbai, New Delhi and Kolkata. Living Media operates these FM stations under the brand name Red FM.

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