ICICI Securities Ltd | Retail Equity Research Revenues were at | 589.4 crore vs. our estimate of | 618.0 crore. Subscription revenues grew 17.0% YoY to | 241.9 crore, owing to robust growth in cable subscription revenues, aided by inclusion of digital revenue. Advertisement revenue, however, posted de-growth of 6.8% YoY due to more pronounced impact from demonetisation as it has a higher dependency on regional advertising EBITDA came in at | 439.7 crore, lower than our expectation of...