Network18 posts Rs 1,360.5 crore revenue in Q3 amid business restructuring

Network18 Media & Investments Ltd reported consolidated revenue of Rs 1,360.50 crore and a profit of Rs 25.68 crore for the December quarter. The figures are not directly comparable to the same period last year due to the merger of its subsidiary Viacom18 with Star India.

The quarter included an exceptional item of Rs 1,425.73 crore, arising from the derecognition of subsidiaries, accounted for on a provisional basis.