Network18 to sell Yellow Pages, ASK Me to GETIT Infoservices
PTI: Mumbai, Feb 28 2013, 11:44 IST
Capital18 investee companies, NetworkPlay and partially diluted its stake in digital commerce firm¿Bookmyshow.com.
AskMe allows people to search for companies, products and services online as well as on phone, while Infomedia Yellow Pages is an online local search service that helps buyers find businesses.
Network18 Media and Investments posted a consolidated net profit of Rs 6.84 crore for October-December 2012 period, after many quarters of losses.
Its consolidated revenues for the said quarter stood at Rs 697.4 crore. Of this, television and motion pictures business accounted for Rs 542 crore, while digital content & eCommerce and allied businesses contributed Rs 119.6 crore and Rs 80.7 crore, respectively.
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