Chennai: Animation company Pentamedia Graphics (www.penta-media.com) has failed to renew its subscription to leading Tamil channels like Sun TV, Raj TV, Raj Digital Plus and Jaya TV for distribution on its broadband portal www.numtv.com. The web-casting portal is targeted at US-based NRIs.

Cash crunch is cited as the reason for its failure to renew the channel subscription. The absence of the Tamil premier channel Sun TV from its offering has invited the ire of several overseas subscribers of the portal.

Currently the portal offers just three hours of archived programmes of Raj, Raj Digital and Jaya television channels. Though in a press release the company claims about offering the Aaj Tak news channel as part of its channel bouquet, the portal has no information about the same.

Pentamedia Graphics, in the meantime, closed its third quarter with a lower turnover and net profit. The total income and net profit for the period under review came down to Rs 125.51 crore and Rs 33.45 crore as compared to the Rs 161.35 crore and Rs 53.15 crore, respectively, posted for the corresponding period last year.

Even the nine-month figures reflect a downward trend. The company has declared an income of Rs 397.75 crore and a profit of Rs 88.25 crore, as against the Rs 424.89 crore and Rs 119.79 crore declared last fiscal.

As a result of the downward revision in employee pay-scales and the downscaling of workforce, the companys employee cost for the nine months has come down to Rs 174.83, as compared to the Rs 223.78 crore for the corresponding period last year. On the other hand the interest outgo has sharply shot up to Rs 11.47 crore this year.

Pentamedia Graphics is planning to raise funds through various means ADR/GDR/FCCB to undertake own and co-production of films. The company recently released its third animation movie, Alibaba. The film was executed in the companys studios in India, the US and Canada.