During the quarter under review, its income from operations fell by 13.78 percent to Rs. 130.70 crores. In the corresponding period of the previous financial year it was Rs. 151.59 crores.
ZMCL’s total expenses rose 1.64 percent in the September quarter to Rs. 199.65 crores.
Zee Media’s total revenue, which includes other income, also declined by 13.43 percent to Rs. 133.12 crores.
Its advertising revenue fell by 16.3 percent to Rs. 119.22 crore, while subscription revenue in the September quarter grew by 26.7 percent to Rs. 11.43 crores.
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ZMCL is one of the leading news networks in India. Formerly known as Zee News Limited, it operates around 20 TV news channels.
Shares of Zee Media Corporation Ltd on Friday fell 4.95 percent on BSE to Rs. was fixed at 19.19.
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