The regional broadcast major has seen average delivery volumes jump over 200 per cent to 2.67 lakh in the last fortnight from an average 90,000 in the previous fortnight, on news reports that the company was planning to enter the aviation business. According to the reports, Sun TV Network was considering a partnership with Star Aviation, promoted by the Dubai-based diversified ETA Star group. But the company immediately denied the reports. There have been some announcements from the company like the renaming of its FM radio network in the South under the Red FM brand. In the past six weeks, it also hired two senior executives who were previously with rivals Star India and Zee TV. The broadcast behemoth from the South surpassed expectations with a 17 per cent y-o-y growth in profit to Rs 119.80 crore in the quarter ended June 2009, as compared to Rs 102.54 crore in the previous quarter. Revenues increased more than 28 per cent to Rs 287.65 crore and EBITDA rose 32 per cent to Rs 223.61 crore in the period.
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