TV18’s Internet Biz Clocks Net Loss Of Rs 3.63 Cr In Q4 06-07; Web18 In Investment Mode

Television Eighteen (TV18) has announced its fourth quarter results. The company’s internet operations have registered a loss of Rs 3.63 crore as against a net profit of Rs 2 crore during this period last year. This is because Web18, the company which runs all the internet operations of the group, is in investment mode.
On the other hand, revenue from internet and other operations have touched Rs 8.49 crore in Q4 2006-07, compared to Rs 4.85 crore in the same period a year ago. TV 18 managing director Raghav Bahl said,

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