Revenues came in at | 585.3 crore (decline of 7.2% YoY) and much below our estimate of | 638.4 crore. Hindi ad revenue growth at 3.6% YoY was higher than our estimate of 2.5% YoY growth and slightly better than its peer DB Corp that reported 2.7% YoY growth. The English segment, however, continued to bleed and reported a steep 21.7% YoY decline in ad revenues (we had built in 4% YoY decline), also hit by discontinuance of several of its English daily editions. Nevertheless, the company posted a strong performance in the radio...