Media Sector

Time Warner profit drops 14 per cent

Time Warner profit drops 14 per centNew York  - Profits at Time Warner media enterprise dropped 14 per cent in its fiscal first quarter as revenues were hit by an advertising slump and lower sales of DVDs.

The world's largest media company said that it earned 661 million dollars compared to 771 million dollars in the same quarter a year ago.

Revenue fell 7 per cent to 6.95 billion dollars. However the financial results beat Wall Street's expectations and the company's shares rose sharply in early trading Wednesday.

IntraLink inks strategic alliance with Western Press

IntraLink inks strategic alliance with Western PressNewYork-based IntraLinks has entered into a strategic alliance with Western Press Pvt. Ltd., a major corporate printer in India.

Under the arrangement, Western Press will market IntraLinks exclusively in India, focusing on companies operating in the financial markets.

UTV Software posts disappointing results; Q4 net profit dips 51%

UTV Software posts disappointing results; Q4 net profit dips 51%UTV Software, the media and entertainment firm, has reported negative growth of 51% in its Net profit to Rs 13.22 crore for the quarter ended March 31, 2009, against Rs 27.07 crore.

However, its total income surged by 7% to Rs 20.87 crore, as against Rs 19.41 crore in the same quarter previous fiscal.

The company, for the year ended March 31, 2009 has posted a net profit (after tax) of Rs 101 crore, registering a growth of 30%, against Rs 77.70 crore in the same period last fiscal.   

Tamil Nadu Newsprint to spend Rs 1000 crore on Capacity Expansion

Tamil Nadu Newsprint to spend Rs 1000 crore on Capacity ExpansionTamil Nadu Newsprint and Papers Ltd, the leading manufacturer of printing and writing papers and newsprint in India, has plans to spend Rs 1000 crore on capacity expansion.

Through the latest decision, the company intends to tap 12-13% market share of the printing and writing paper segment, by 2011-12.

Blackwell to begin three-month trial of the Espresso Book Machine!

Blackwell to begin three-month trial of the Espresso Book Machine! According to the 'Daily Mail' reports, a revolution of sorts appears to be on the cards with regard to bookselling - particularly searching for the exhausting search for those out-of-print, obscure and otherwise long-forgotten books, as well as the out-of-stock novels!

Zee News Q4 net profit dips 43%; Stock loses 6%

Zee NewsSubhash Chandra promoted firm Zee News has registered 42.67 per cent drop in its consolidated net profit for the fourth quarter ended March 31

The company posted net profit worth Rs 8.76 crore against Rs 15.28 crore in the same quarter ended March, 2008.

However, the company’s has cloaked total income worth Rs 138.44 crore during the quarter under review, as against Rs 113.07 crore in the same quarter last fiscal.

For the year ended March 31, the company has posted a consolidated net profit of Rs 44.66 crore, up 20.47 per cent from Rs 37.07 crore in the same period previous fiscal.

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