Sunday, August 12, 2012

Lok Sabha TV posts profit for first time


New Delhi (PTI) : Five years after its inception, the Lok Sabha TV has earned profit for the first time and is likely to end the current fiscal with a huge turnover. While the total expenditure of the LSTV stands at Rs 7 crore a year, the channel earned Rs 7.65 crore in 2011-12. However, in the first quarter of 2012-13, the channel has already earned Rs 4.83 crore. 

The development is expected to make the low-budget channel less dependent on  the Lok Sabha to meet its expenditure. LSTV CEO Rajiv Mishra told reporters on Friday that a proposal has been prepared to restructure the programmes of the channel and improve its quality. There is also a plan to air LSTV in 2-3 regional languages, he added.

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