Introduction:
Leading media company has decided to shut down its FM Radio Broadcasting operations in Mumbai, Delhi, and Kolkata. The closure follows financial challenges, including low revenue contribution and significant losses, prompting a shift toward more profitable business segments.
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Share price movement of T.V. Today Network:
On January 9, 2025, TV Today Network Ltd. opened at ₹212.00, up 1.46% from its previous close of ₹208.95. The stock reached a high of ₹224.90 (5.73%) and a low of ₹207.80. By 10:15 AM, it traded at ₹223.50, a 5.42% increase, with a market cap of ₹1,278.10 crore.
T.V. Today Network to Close Radio Operations:
T.V. Today Network Limited has announced the closure of its FM Radio Broadcasting operations, which include stations in Mumbai, Delhi, and Kolkata. The decision, made at the board meeting on January 9, 2025, is subject to regulatory approvals.
The radio business contributed ₹16.18 crore in revenue, making up 1.7% of the company’s total turnover for the FY 2023-24. However, the business also incurred a net loss of ₹19.53 crore, prompting the company to reassess its future viability.
The company plans to shut down operations within one to six months. The decision comes amidst challenging industry dynamics, as the company seeks to streamline its focus on more profitable ventures.
Recent news on T.V. Today Network:
As of October 24, 2024, T.V. Today Network Ltd. reported a 17.8% increase in net profit, reaching ₹8.27 crore for Q2. However, its revenue declined by 3.31%, totaling ₹206.77 crore, with ₹202.85 crore from television and ₹3.92 crore from radio.
Stock performance of T.V. Today Network for Period of 1 week, 6 months and 1 year:
Over the past week, TV Today Network Limited’s stock has declined by 2.00%. In the last six months, it fell by 14.5%, and over the past year, it experienced a decline of 20.4%, reflecting ongoing challenges in the market.
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Shareholding pattern of T.V. Today Network:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 58.50% | 58.50% | 58.50% |
| FII | 3.70% | 1.60% | 1.60% |
| DII | 11.00% | 13.00% | 13.00% |
| Public | 26.90% | 27% | 27% |
About T.V. Today Network:
T.V. Today Network Ltd (NSE: TVTODAY) is a leading media company in India, broadcasting prominent news channels like Aaj Tak, Tez, India Today Television, and radio stations like Ishq 104.8 FM across key cities.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
