Profitability took a hit on the back of investments in new launches across news, entertainment and digital domains
The new brand comes at a time when Network18's English news channel CNN-IBN was rebranded CNN-News18 recently
However, it swung back into black with Rs 86 cr profit in FY16
Shares of Network18 Media closed 4.09% up at Rs 44.55 per scrip on BSE