Global Broadcast News Q3 PAT up at Rs 1.78 cr

Written by Agencies | New delhi, January 31: | Updated: Jan 31 2008, 20:51pm hrs
Global Broadcast News Ltd (GBN), broadcasters of news channels CNN-IBN and IBN 7, on Thursday posted profit after tax of Rs 1.78 crore for the quarter ended December 31, 2007, against a loss of over Rs 9 crore in the year-ago period.

The companys revenues grew by 53.57 per cent and stood at Rs 38.7 crore during the reviewed quarter as compared to Rs 25.2 crore in the corresponding quarter previous year, GBN said in a statement in New Delhi.

This quarter GBN acquired interest in the non-news (entertainment) space through Viacom18, which will make GBN a fully-integrated broadcasting player, companys Joint Managing Director Sameer Manchanda said.

GBN would invest aggressively in launching regional news channels and would come out with its first Marathi channel in the next quarter, the statement said.