Indian broadcaster Zee’s Q3 profit drops as advertising demand stays weak

India’s Zee Entertainment Enterprises reported a fall in quarterly profit on Thursday, as advertising revenue remained under pressure, and higher programming costs continued to weigh on margins.

Paramount makes $108.4 billion hostile bid for Warner Bros Discovery

The company posted a consolidated net profit of 1.55 billion rupees ($16.9 million) for the quarter ended Dec. 31, compared with 1.64 billion rupees a year earlier.