Network18’s TV News Business Beats Industry Trends, Registers 26% Revenue Growth in Q1 - News18
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Last Updated: July 18, 2023, 22:08 IST The growth is despite a 5% YoY decline in news industry inventory consumption. File image India’s largest TV news network registered a revenue of Rs 337 crore in the first quarter of current financial year, as compared to Rs 266 crore for the same period last fiscal Network18’s TV news business has registered a solid 26% revenue growth in the first quarter of the current financial year, despite continued weakness in the overall advertising environment. Beating the industry trends, India’s largest TV news network registered a revenue of Rs 337 crore in the first quarter of the current fiscal, as compared to Rs 266 crore for the same period last fiscal. The growth is despite a 5% YoY decline in news industry inventory consumption. News18 was able to drive growth powered by the increase in viewership shares and a strong focus on IP-events-led advertising revenue. Viewership gains in key markets over the last few quarters have enabled the