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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Adani group-owned network has decided to launch four new channels despite losses in the last quarter. Also, a rift appears in India’s biggest collective of media groups.
NDTV, which was acquired by the Adani group in December last year, has not enjoyed the best publicity since. Several executives and journalists at the network have resigned. And the broadcaster, uncharacteristically, aired documentaries glorifying the Narendra Modi government.
To this we can add its balance sheets, which are yet to offer some solace. The network’s overall revenue, made public in the last week of July, rose to Rs 75 crore for the quarter ended 30 June from Rs 69 crore in the previous quarter. But its losses swelled from Rs 1 crore to Rs 8 crore.
Gautam Adani’s wealth …
NDTV and Network18 are now firmly loss-making—and show little urgency to fix the fundamentals.
No, the UAE is not offering cheap lifetime residency to Indians, as the government has now confirmed. Separately, Gulf startups and VCs are up in arms against a Sequoia Capital partner.
A breakdown of the government’s expenditure on ads shows a clear shift away from newspapers and broadcasters over the years to social media and its own online publicity arm.
