On Wednesday, people will pay attention to Network18 Media & Investments after they announced that their losses grew a lot during the last three months of 2024. They lost ₹1,435 crore, which is much worse than last year’s loss of ₹59 crore. The company’s earnings fell 23% too, going down to ₹1,361 crore from ₹1,774 crore in the same time last year.
Their losses and earnings also got worse compared to the previous three months. Last quarter, they had a loss of ₹96 crore and earned ₹1,825 crore. The company said these losses affected everyone involved.
Network18’s Chairman, Adil Zainulbhai, shared that they finished restructuring their business to make things simpler for everyone. He is happy about how their TV network and digital services are doing, saying they are working hard to be leaders in different areas and improve the experience for viewers.
In November 2024, Viacom18 merged with Star India and became a new joint venture. Now, they claim to be one of the biggest companies for broadcasting and streaming in India. Reliance Industries invested ₹11,500 crore into this new venture, with Viacom18 owning 46.82% of it, Reliance having 16.34%, and Disney holding 36.84%.
As of December 30, 2024, Viacom18 is no longer a part of Network18 after Reliance turned its special shares into regular shares. Now, Network18 has 16.12% of Viacom18’s shares, or 13.54% after adjustments.
Network18 owns 20 news channels in 16 languages, including popular ones like CNBC TV18 and CNN-News18. They also have online platforms like Niftystat and Firstpost.
On Tuesday, Network18’s share price went up by 2.69% to ₹61. However, the stock has dropped nearly 50% in the past year but has given 125% returns over five years.
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