Network18 Media & Investments Ltd reported a 7 percent rise in standalone operating revenue to Rs 477 crore for the quarter ended September 30 from a year earlier, even as the broader television ad market remained subdued.

The company attributed the growth to stronger pricing yields and steady viewership gains across its national and regional news networks, which offset the 7 percent decline in TV news industry ad inventory during the quarter.

The Network18 board also approved the acquisition of the remaining 50 percent stake in its Marathi joint venture, IBN Lokmat News Pvt. Ltd, for Rs 25 crore, making it a wholly owned subsidiary, the company said in a statement on Wednesday. The channel, which leads the Marathi news market, has delivered strong revenue growth over the past three year

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