Hindustan Media Ventures Ltd, home to the Hindi language publications of HT Media Ltd, reported a sharp increase in its profit thanks to a substantial fall in its newsprint costs. The company’s net profit jumped to Rs 39.67 cr for the three months ended June, up from just Rs 13.20 cr in the same period […]
Bennett, Coleman & Co, also known as Times Group, has emerged as the most successful provider in the English movie segment in the aftermath of new TRAI tariff order, upsetting the calculations of well established players like Star India and Zee Entertainment. According to data for the last week of March from Chrome Data Analytics […]
DNA, the newspaper from Zee Group, has shut its Jaipur edition, days after it shut its Delhi edition. There will no DNA newspaper printed and circulated in Jaipur from tomorrow, Diligent Media Corporation, which publishes the paper, said. The decision was taken to “optimise cost and cut-down losses,” it added. It did not say whether […]
Punit Goenka, the CEO and MD of Zee Entertainment Enterprises and part of the promoter group of the company, said recent controversies involving the promoters have not affected the determination of the promoters to find the right strategic partner for the media company. Goenka was responding to questions of whether international companies have been unnerved […]
Zee Media, the news broadcasting arm of Zee Group, has invited analysts for a conference call on Monday to discuss what it called “business related affairs” of the company. The call will be from 12:30 PM to 1:00 PM. No other details was revealed about what the subject of the call would be. The intimation […]
Growth trends of last decade show that Indian M&E can act as an important contributor to India’s economic growth, but the sector continues to be a dwarf compared to its global peers. Can 2019 prove to be a point of inflection and kick-start next decade of explosive growth? The year was 2009 when Indian media […]
Following the trend seen in other newspaper stocks, Jagran Prakashan — which publishes India’s largest circulated daily — reported a sharp decline in its profits for the second quarter. However, the company was able to better manage rising input costs compared to its rival DB Corp on a sequential basis. Like in case of DB […]
Delhi High Court has set apart a lower court decision that imposed a stay on the publication of a video by website Cobrapost that allegedly showed political bias among employees of Dainik Bhaskar group. DB Corp, the publisher of Dainik Bhaskar daily, won the injunction after arguing that the video was malafide and based on […]
Bhima Jewellers, one of the biggest gold retailing firms in Kerala, seems to have pulled its advertisements from Mathrubhumi due to ‘controversies’ over the printing of a novel by the publication group. “We give importance to public sentiments and wish to stay away from controversies of any kind. We have noted your concerns and have […]
HT Media, the publisher of Hindustan Times and Mint newspapers, reported disappointing advertisement sales for the Apr-Jun quarter, and said corporations were not spending on ads due to poor earnings growth. The company generated only Rs 221 cr during the three months from advertisement sales at its English newspapers Hindustan Times and Mint, a decline […]
Facebook has refused to block a ‘drinker’s group’ that the Kerala Police had requested to be taken down, according to local media reports. The social network reportedly told the police that the group was not in violation of its guidelines and cannot be taken down without proper justification. The Kerala Excise department is trying to […]
ALTBalaji, the biggest Indian provider of original online content, is signing up paid users at the rate of 25,000-30,000 per day, said Nachiket Pantvaidya, the CEO of Balaji Telefilms, the company behind the app. “We expect to have paid users of 10 mln by the end of the year,” Pantvaidya said in an interview with BTVI. […]
HT Media, the company that publishes the Hindustan Times newspaper, said it obtained approval from its board of directors to invest another Rs 400 cr into its FM business. The company operates ‘Fever 104’ FM stations in over a dozen cities in India. However, it is dwarfed by competitors like Radio Mirchi from the Times […]
People carrying pornographic or other indecent material on their phones can end up getting prison terms of up to three years under a new law proposed by the ministry of women and child development headed by Maneka Gandhi. Under the ‘Indecent Representation of Women Act’, anyone possessing printed content, drawings and films “which contains indecent […]
Arnab Goswami, head of Republic Channel, has urged the Karnataka Chief Minister BS Yeddyurappa to resign instead of facing the trust vote. “We at Republic feel that the game is slipping away from the BJP,” he said. “The fact is that the BJP cannot go on this route that we are the largest party and […]
DB Corp, the publisher of newspapers such as Dainik Bhaskar, reported a sharp decline in its profits for the fourth quarter due to rising operating costs, particularly those related to raw materials. The company, however, was able to report a 10% year-on-year increase in its total revenue due to its strategy of rapidly growing its […]
Zee Entertainment Enterprises Ltd, the largest Indian-owned media company, reported a strong quarter of advertisement growth in Jan-Mar, benefiting from a bounce-back from the lows of demonetization last year. Advertising revenue for the Jan-Mar quarter rose 24% on year to Rs 1,050 cr. With this, full-year advertising revenue growth has recovered to 14.5%. Subscription revenue […]
Hindustan Media Ventures, which publishes Hindustan, the Hindi newspaper from the Hindustan Times Group, continued to report a deterioration in its financial performance in Jan-Mar, in keeping with a negative trend in the print newspaper industry. The company’s consolidated operating revenue for January-March fell sharply by about 14% compared to the same three months of […]
Television broadcaster NDTV Ltd said it was selling part of its stake in Red Pixels Ventures Ltd, an online focused subsidiary, to pay rent and meet other working capital requirements. NDTV Ltd holds about 37.04% of the online-focused outfit. NDTV said its board has approved the transfer of “up to 7.38% stake of the company […]
Faced with severe criticism from the media and the opposition, the Prime Minister’s office has directed the Information & Broadcasting ministry to withdraw the ‘fake news’ directive. The ministry had, last evening, issued a statement that envisaged provisions to punish journalists who reported ‘fake news’. According to the press release issued yesterday, action — including […]
