Viacom18 eyes a profitable 2011

Viacom18 the joint venture between IBN18 and Viacom has set eyes on a profitable 2010.

According to the reports, the company has a debt of Rs 1 billion and it has already set eyes for the full fiscal in 2011.

As the company has already estimated a high revenue growth of Hindi general entertainment channel Colors.

According to the reports, Viacom18 has posted a a revenue of Rs 2.66 billion and a net profit of Rs 56.34million. The company will post a positive fourth quarter but will end up posting losses.

Viacom18 runs the channels like MTV, Nick and Vh1.