Sea TV Network has gone into losses, due to high pay channel charges

Agra-based multi-system operator (MSO) Sea TV Network has gone into losses due to higher pay channel charges in the fiscal third-quarter. 

The company reported a net loss of Rs. 1.78 crore (Rs 17.8 million) in the three-month period ended 31 December 2013 on an operating revenue of Rs. 3.98 crore (Rs 39.8 million). In the preceding quarter, it had posted a net profit of Rs. 82.3 lakh (Rs 8.23 million) on an operating revenue of Rs. 4.88 crore (Rs 48.8 million).

Payout on account of pay channel charges grew six per cent to Rs. 1.64 crore (Rs 16.4 million) on a quarter-on-quarter (q-o-q) basis while its composition in total operating expenditure enhanced to 41.4 per cent as against the previous quarter’s 31.9 per cent. 

Pay channel has been the major culprit that pulled down the company’s performance in this fiscal.

Source: http://cablequest.org/news/national-news/item/4311-sea-tv-network-has-gone-into-losses,-due-to-high-pay-channel-charges.html