India’s Network18 posts quarterly loss on expenses, ad slowdown
BENGALURU (Reuters) – India’s Network18 Media & Investments reported a third-quarter loss on Tuesday, as the billionaire Mukesh Ambani-backed conglomerate splurged to push up its share of television viewership, while advertisers pulled back on spending. Network18 posted a consolidated loss of 76.8 million rupees ($938,875.31) in the quarter ended Dec. 31, compared to a profit …
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