Network18

2007–2011: Expansion, consolidation and increasing debt

Network18 registered losses in the financial years 2008–2009 and 2009–2010. Its investments had outstripped the profits generated by its operational assets. In addition, the group had existing debt obligations and requirements for providing returns to its investors which resulted in net losses of ₹331.64 crore (equivalent to ₹450 crore or US$47 million in 2026) and ₹276.89 crore (equivalent to ₹375 crore or US$39 million in 2026) respectively. Viacom18 in particular was a drain on the company's funds. The financial statement of the company in 2009 had reported that it was retiring outstanding debt and raising funds through equity investments. In response to the financial challenges, the group began restructuring and consolidating its assets in the same year. IBN18 Broadcast was renamed to TV18 Broadcast and Television Eighteen India Limited (TEIL) which operated the business news channels of the company was merged into it. The digital media and publishing operations were transferred to the parent company Network18 under the divisions of Web18 Software Services and Network18 Publishing respectively.