Tata Sky to remove three channels from its platform
MUMBAI: Direct to home (DTH) operator Tata Sky will remove three channels from its platforms with effect from 29 May.
The three channels are Russia Today, NT5 and NewsX HD. Russia Today will be removed due to the expiry of agreement while NT5 and Newsx HD are being discontinued due to requests from the respective broadcaster.
In a public notice, the DTH operator said that the three channels will cease to be carried three weeks from the date of publication of the notice.
As reported by TelevisionPost.com, Tata Sky’s net profit has zoomed to Rs 408 crore for the fiscal ended March 2018 as against Rs 8 crore in the previous fiscal.
PAT margin saw an improvement at 7.1% compared to 0.1% in the year-ago period. In FY17, the company’s net profit had tanked 90% to Rs 8 crore compared to Rs 80 crore in FY16.
Tata Sky’s revenue for the fiscal has jumped 8% to Rs 5719 crore from Rs 5302 crore in FY17. The revenue was Rs 4472 crore in FY16.
The DTH operator had a 25% share of the pay net active DTH subscriber which stood at 67.56 million, as of 31 December 2017.