MUMBAI: Zee Media Corporation Ltd (ZMCL) on Thursday reported consolidated revenues of Rs 155.91 crore for the third quarter of FY 20 while the network incurred expenditure of  Rs 105.04 crore in the quarter.

In the third quarter, the network reported Rs 50.87 crore EBITDA with 12.3 per cent year-on-year decline. ZMCL’s advertising revenue fell by 18.1 per cent year-on-year standing at  Rs 143.74 crore. Moreover, subscription revenue fell by 25.1 per cent year-on-year standing at 9.74 crore. Operating Expenditure reduced by 22.9 per cent year-on-year to Rs 105.04 crore.

The 14 news channels of ZMCL comprising one global, three national and ten regional channels together continued to be one of the largest TV news networks in the country and reached more than 293 million viewers.

Zee News, the network's flagship news channel, continued to engage the audience with pertinent and ground-breaking content and enjoyed the second-highest average time spent by viewers across the Hindi news genre.