Lok Sabha TV posts profit for first time
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.