BENGALURU: Zee Entertainment Corporate profits in the third quarter more than doubled as a recovery in subscriptions made up for a weak advertising environment, the Indian broadcaster said on Tuesday, in its first results since its failed merger with Sony India.
Zee's profit rose to 585 million rupees ($7.05 million) in the three months ended December 31, from 243.2 million rupees a year ago.
The results come weeks after Sony called off its merger with Zee, ending a deal that could have created one of India's biggest television broadcasters, citing breaches of contract.