TV Today reported a better-than-expected set of Q3FY21 numbers on the back of cost reduction and lower tax outgo. Operating revenue came in at | 223.6 crore, flattish YoY (up 0.5%) with TV broadcasting revenue at | 185.9 crore (3.4% YoY growth). Radio segment disappointed again with a straight eighth quarterly de-growth with revenues declining 54.4% YoY to | 2.1 crore as ad pricing remained low. Digital revenue recovered reported healthy growth of 20% YoY and came in at | 35.5 crore. EBITDA was at | 77.5 crore, up 27.5% YoY owing to lower marketing/distribution costs. EBITDA margin...