NDTV Losses Widen Significantly; Ad Sales Dropped 19%, To Cut Headcount by 20%

image Broadcaster NDTV Ltd posted a net loss of Rs44.74 crore for the quarter ended 31 March, swinging from a profit of Rs3.31 crore during the year ago period, on significant non-recurring costs and falling ad revenues. For the fiscal ended 31 March, the company posted losses of Rs73.18 crore, compared with a profit of Rs4.28 crore during the year-ago period. This includes non-recurring costs of Rs40.45 crore, the company said in a statement.

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