The topline came in |144.4 crore vs our expectations of |147.1crore because of slightly lower than expected broadcasting revenue growth (6.8% YoY vs expectation of 8.2% YoY). The radio business revenues came in at |4.5 crore (up 2.3x YoY). We note that compared to peers it was a relatively better growth except vis--vis Zee Media. TV18 standalone revenues (largely news channels) declined by 1% YoY, while NDTV broadcasting revenues declined by ~11.9% YoY The revenue growth for Zee Media was ~23,9% YoY during Q2FY18....