MUMBAI: TV Today Network has reported a 30.63 per cent dip in its consolidated third-quarter net profit over the year-ago period, because its radio , which got merged with the company, posted an operating loss of Rs 61.14 million on an income of Rs 9.05 million. In the second quarter, operating loss stood at Rs 64.17 million on an income of Rs 6.85 million.

TV Today has posted a net profit of Rs 94.97 million for the three months ended 31 December 2010, as against a net profit of Rs 136.92 million in the earlier year. The company had posted a net loss of Rs 75.89 million for the three months ended 30 September.

The company said that the financials are not comparable to the year-ago period as the current quarter also includes radio broadcasting business of the erstwhile Radio Today Broadcasting.

Income from operations stood at Rs 835.99 million, up from Rs 703.58 million in the corresponding quarter of the previous fiscal. In the trailing quarter, the income was at Rs 603.07 million.

The company's expenses also surged 26.93 per cent to Rs 726.21 million, compared to Rs 572.13 million a year ago. This was mainly because it increased spend on advertising, marketing and distribution while staff salary also climbed. However, expenses are stagnant if compared to the second-quarter of the fiscal (Rs 724.46 million).

TV Today operates a clutch of news channels including Aaj Tak and Headlines Today. The FM radio business operates under Oye FM brand (earlier known as Meow FM).

The company has paid the last tranche of Rs 85 million, as part of a strategic investment of Rs 455 million into Mail Today Newspapers.

In the television broadcasting segment, TV Today posted a revenue of Rs 826.94 million and an operating profit of Rs 178.98 million. In the trailing quarter, the company had posted a revenue of Rs 596.22 million and an operating loss of Rs 40.57.

MUMBAI: TV Today Network has reported a 30.63 per cent dip in its consolidated third-quarter net profit over the year-ago period, because its radio , which got merged with the company, posted an operating loss of Rs 61.14 million on an income of Rs 9.05 million. In the second quarter, operating loss stood at Rs 64.17 million on an income of Rs 6.85 million.

TV Today has posted a net profit of Rs 94.97 million for the three months ended 31 December 2010, as against a net profit of Rs 136.92 million in the earlier year. The company had posted a net loss of Rs 75.89 million for the three months ended 30 September.

The company said that the financials are not comparable to the year-ago period as the current quarter also includes radio broadcasting business of the erstwhile Radio Today Broadcasting.

Income from operations stood at Rs 835.99 million, up from Rs 703.58 million in the corresponding quarter of the previous fiscal. In the trailing quarter, the income was at Rs 603.07 million.

The company's expenses also surged 26.93 per cent to Rs 726.21 million, compared to Rs 572.13 million a year ago. This was mainly because it increased spend on advertising, marketing and distribution while staff salary also climbed. However, expenses are stagnant if compared to the second-quarter of the fiscal (Rs 724.46 million).

TV Today operates a clutch of news channels including Aaj Tak and Headlines Today. The FM radio business operates under Oye FM brand (earlier known as Meow FM).

The company has paid the last tranche of Rs 85 million, as part of a strategic investment of Rs 455 million into Mail Today Newspapers.

In the television broadcasting segment, TV Today posted a revenue of Rs 826.94 million and an operating profit of Rs 178.98 million. In the trailing quarter, the company had posted a revenue of Rs 596.22 million and an operating loss of Rs 40.57.