TV18 Broadcast is Reliance group controlled, media conglomerate with presence in news and entertainment broadcasting popular channels such as CNBC TV18, Colors, News18 and CNN News18. The English general and business news channels are stable and profitable, however, the regional channels are making losses. Turnaround of these loss making channels and overall improvement in media spending are reasons for our or optimistic outlook. We have an over weight rating due to internal efficiencies that have lead to better performance. Synergies with Reliance Jio network is positive for the long term. Spread of OTT distribution is a threat for the entertainment channels but company’s own OTT platform viz. Voot is a strong challenger. Effects of Covid are negligible and advertising demand is strong
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