<p>Bengaluru: India's New Delhi Television Ltd (NDTV), part of the billionaire Gautam Adani-led Adani Group, reported a third-quarter loss on Tuesday, as businesses cut back on advertising spending.</p>.<p>Companies diverted advertising spends to the cricket world cup during the quarter, hurting broadcasters that were unaffiliated with the tournament. Advertising is the biggest source of revenue for a broadcaster.</p>.<p>NDTV's consolidated net loss stood at 95.5 million rupees ($1.2 million) in the three months to Dec. 31 against a profit of 25.9 million rupees a year earlier.</p>.<p>Weak advertising spends have been hurting the news network, which posted its fifth straight revenue drop in the December quarter.</p>.Adani group stocks in heavy demand; Adani Energy zooms nearly 18%, NDTV jumps over 11%.<p>Revenue fell 7 per cent to 979.5 million rupees, while expenses climbed one-fourth on a nearly 35 per cent jump in production expenses and cost of services.</p>.<p>Rival TV18 Broadcast had posted a quarterly loss earlier this month.</p>.<p>Another competitor Zee Entertainment, embroiled in conflicts related to its failed merger with Sony's India unit and licensing rights with Disney, will report next month.</p>.<p>NDTV had posted a profit in the September quarter, and profit had last risen in June 2022.</p>.<p>The Adani Group had taken control of the news network from its founders in December 2022.</p>
<p>Bengaluru: India's New Delhi Television Ltd (NDTV), part of the billionaire Gautam Adani-led Adani Group, reported a third-quarter loss on Tuesday, as businesses cut back on advertising spending.</p>.<p>Companies diverted advertising spends to the cricket world cup during the quarter, hurting broadcasters that were unaffiliated with the tournament. Advertising is the biggest source of revenue for a broadcaster.</p>.<p>NDTV's consolidated net loss stood at 95.5 million rupees ($1.2 million) in the three months to Dec. 31 against a profit of 25.9 million rupees a year earlier.</p>.<p>Weak advertising spends have been hurting the news network, which posted its fifth straight revenue drop in the December quarter.</p>.Adani group stocks in heavy demand; Adani Energy zooms nearly 18%, NDTV jumps over 11%.<p>Revenue fell 7 per cent to 979.5 million rupees, while expenses climbed one-fourth on a nearly 35 per cent jump in production expenses and cost of services.</p>.<p>Rival TV18 Broadcast had posted a quarterly loss earlier this month.</p>.<p>Another competitor Zee Entertainment, embroiled in conflicts related to its failed merger with Sony's India unit and licensing rights with Disney, will report next month.</p>.<p>NDTV had posted a profit in the September quarter, and profit had last risen in June 2022.</p>.<p>The Adani Group had taken control of the news network from its founders in December 2022.</p>