Global Broadcast News, ( A Network18 Company) one of India’s leading full play media conglomerates with interests in television, internet, filmed entertainment, mobile content and allied businesses has announced impressive results for the third quarter.
While CNN-IBN Revenues are Up by 54% ,company’s Hindi News Channel IBN7 Revenues are Up by 135% .MTV,Nickelodeon and VH1 (Viacom18 Channels) Continue To Perform Well In Their Respective Genres . Studio18 (Viacom18 Division) Begins Distribution Operations With Successful Films: “JAB WE MET” & “WELCOME” . The company is also making aggressive Investments Being Made in Regional News Channels; First Marathi News Channel Set To Be Launched In Next Quarter
“This quarter GBN acquired interest in the Non-News (Entertainment) space through Viacom18 which will make GBN a fully integrated Broadcasting player with leading brands across genres. CNN-IBN and IBN7 are leading brands in News, MTV and VH1 hold leadership position in music, Nickelodeon is rated as one of the most sticky kid’s channel and Studio18 distributed two of the most successful films of 2007.This quarter CNN-IBN received two of the most prestigious Television Awards (Indian Tele Awards and Indian Television Academy Awards) for the “Best English News Channel” Sameer Manchanda, Global Broadcast News’s Jt. Managing Director said.
GBN’s revenues grew from Rs 252.09 mn to Rs 387.55 mn year on year and IBN7 revenues grow from Rs 69.17 mn to Rs 162.60 mn year on year.