Channel Guide has incurred losses worth Rs 15.28 million for the year ended 31 March 2002.

According to the financial results released by the company, its "income from operations" has decreased from Rs 12.8 million to Rs 11.5 million over last year‘s figures thereby showing a drop of about 10 per cent. This, according to Channel Guide COO Ravi Deshmukh, is due to the stoppage of various leasing activities that were undertaken by the organisation in the past. At present, the company says it is concentrating solely on the recovery of outstanding dues.

The total expenditure of the company has risen by a whopping 300 per cent from Rs 8.77 million to Rs 23.94 million. This has been mainly attributed to the fact that last year‘s balance sheet figures indicated business activities that were mainly non-media activities while the present balance sheet contains media activities.

Company sources attribute the drop of 30 per cent in the amount of depreciation from Rs 5.2 million to Rs 3 million to the same factor i.e. change in the mode of business. However, it is being reported that there has been no further leasing or no new purchase or sale of assets in the current year.

The company however hopes to reach break-even by the third quarter of the current fiscal.

Could this happen in India? Wouldn‘t our big broadcasters just wish it were so. The heavyweight showdown between reigning heavyweight champion Lennox Lewis and former undisputed heavyweight champion Mike Tyson on Saturday night (Sunday morning in India) registered a massive 1.8 million pay-per-view buys in the US. The telecast generated $103 million of pay-per-view revenue, the highest-grossing pay-per-view event in history.
The 1.8 million buys represents the highest figure for a heavyweight pay-per-view prizefight since 1997. In fact, it is the first prizefight to do more than one million buys since 1999, when two fights surpassed the one million-buy mark. The buys consisted of 1.2 million buys from cable systems and 600,000 from satellite homes throughout the US.

Lewis, a three-time heavyweight champion, retained his title by scoring a dominating 8th round knockout victory. The event was presented by Budweiser and promoted by Lion Promotions, Main Events and Fight Night, Inc. in association with Prize Fight Promotions, LLC.

The showdown was co-produced and co-distributed by SHOWTIME and HBO. In India the fight aired live on Sunday morning on Star Movies.

After celebrating business excellence through awards and featuring seasoned veterans of the business world, CNBC India now targets the whiz kids who are making it big in corporate India.

A new show called Young Turks goes on air on the business channel tonight. The series, a half-hour weekly show, will analyse the factors contributing to the success of the corporate climbers. It will celebrate the achievements of a whole new business generation and the culture of change that is being represented by them, says the channel.

Every week, the serial will profile two personalities, either young managers in highly influential positions in Indian corporates, or young entrepreneurs who have successfully implemented their ideas in real life.

The show airs on Tuesdays at 8:30 pm with repeat telecasts on Saturdays at 8:30 pm and Sundays at 7:30 pm.