Tag: 24 Ghanta

  • Zee Akaash to invest in vernacular social media dating app Flutrr

    Zee Akaash to invest in vernacular social media dating app Flutrr

    MUMBAI: A news channel company investing in a vernacular dating website! Does that surprise you? 

    Well it’s no shock for Zee Media subsidiary company Zee Akaash News which runs the Bengali channel 24 Ghanta. Zee Media informed the Bombay stock exchange (BSE) on 10 October 2024 that Zee Akaash has agreed  to invest Rs 37.5 million in Flutrr Digimate Pvt Ltd, which runs the social dating app and website Flutrr. 

    Flutrr, offers a dating experience in one’s native tongue with a multilingual user interface, which has never been seen on an Indian dating platform before.

    The company was founded by the father son duo of Kaushik and Anirban Banerjee, Anil Pathak, and Suhrid Devsharma, who are listed as its directors. It reported a revenue of Rs 25 million in financial year 2024, and it has 450,000 active users. Flutrr has romanced with other media companies as well with The Times of India group investing in it earlier. 

    As per the BSE filing, Zee Akaash News will purchase one equity share at a price of Rs  22,391, and five convertible warrants for Rs 37.5 million. It  expects the transaction to be completed by 31 December 2024. 

  • Subhash Chandra resigns; R K Arora appointed as Zee Media CEO

    Subhash Chandra resigns; R K Arora appointed as Zee Media CEO

    MUMBAI: Subhash Chandra has stepped down from the post of director and non-executive chairman of Zee Media. According to a report on BSE, Zee Media announced that its board meeting held on 24 May took on record the resignation of Dr. Subhash Chandra as director and non-executive chairman of the company with effect from 24 May.

    With this announcement, R K Arora has been appointed as the CEO as an additional director of the company with immediate effect.

    Zee Media has a lavish portfolio of news channels under it which includes Zee News, Zee Business, India 24×7, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, 24 Ghanta, Zee Kalinga News, Zee Purvaiya and Zee Rajasthan News. 

     

  • Subhash Chandra resigns; R K Arora appointed as Zee Media CEO

    Subhash Chandra resigns; R K Arora appointed as Zee Media CEO

    MUMBAI: Subhash Chandra has stepped down from the post of director and non-executive chairman of Zee Media. According to a report on BSE, Zee Media announced that its board meeting held on 24 May took on record the resignation of Dr. Subhash Chandra as director and non-executive chairman of the company with effect from 24 May.

    With this announcement, R K Arora has been appointed as the CEO as an additional director of the company with immediate effect.

    Zee Media has a lavish portfolio of news channels under it which includes Zee News, Zee Business, India 24×7, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, 24 Ghanta, Zee Kalinga News, Zee Purvaiya and Zee Rajasthan News. 

     

  • Is BARC all set for broadcasters and media agencies in Kolkata?

    Is BARC all set for broadcasters and media agencies in Kolkata?

    KOLKATA: While Broadcast Audience Research Council (BARC) seems all set to formally launch its much-awaited television audience measurement system in phase wise manner starting April, broadcasters and media agencies have begun to pull out from TAM India. If industry sources are to be believed, broadcasters like Star, Zee, Discovery, Star Sports, India TV and NDTV have already sent their termination notices to TAM.

     

    Regional media broadcasters specifically in West Bengal, however, have their own viewpoints. In Kolkata, broadcasters and media agencies expect to get a fair report with the introduction of BARC’s new TV ratings measurement system.

     

    At a time when agencies and broadcasters in Mumbai have already sent letters to TAM informing them that they are either not extending their subscription after 31 March, 2015 (in case their current subscription is expiring on that date) or terminating their subscription with the stipulated one-month notice period (in case their subscription runs till 31 December, 2015), Kolkata-based agencies and broadcasters have not yet got any detailed report on the pricing and policies of BARC.

     

    “BARC authorities came to Kolkata for one road show and with the lack of interest shown from people here and the absence of proper feedback, it hasn’t taken much initiative in Kolkata,” a city-based advertising agency executive said on condition of anonymity.

     

    Zee Entertainment Enterprises controlled 24×7 Bengali news channel 24 Ghanta will pull out from TAM along with the network’s others channels, said an executive from 24 Ghanta, adding that almost all channels in India are likely to do that. “With the arrival of BARC, it would make an even equation for all the stakeholders,” the channel executive added.

     

    When queried about the expectations from BARC, the executive said, “No tampering is possible as BARC will provide a wider audience reach. We also expect scientific and more detailed findings from untapped rural areas.”

     

    On the other hand, Aakash Aath director Eshita Surana said, “We have yet not decided, whether we will continue with TAM or no. We have not yet got the pricing policy from BARC.”

     

    However, Surana went on to add that the company has high hopes from BARC.

     

    On the initiatives being taken to establish strong communication, BARC CEO Partho Dasgupta said, “We have been constantly communicating through our newsletters, press interactions. website, twitter, roadshows and meetings. Pricing model details are on the website and all CEOs who watermarked the channels have been written to individually.”

     

    BARC, in the past three weeks, has been seeing an increasing rush from smaller broadcasters, both national and regional, who are now getting watermarked.  

     

    Speaking about expectation from BARC, a Kolkata-based GEC executive said that BARC’s report will at least not bring Kolkata TV’s teleshopping show in the top 20 programme list.

     

    Moreover, the number of peoplemeters that TAM had installed was 10,000 whereas BARC will be starting with 20,000 and then plans to gradually scale up the number by 10,000. “This will ensure more representation and data from these peoplemeters that will enable a more accurate understanding of stickiness, preference and even demography of every segment of viewers. BARC will even provide zip-code wise data on ratings, which will help advertisers in choosing the right TV channels to reach out to their TG,” brand and communications expert Mahul Brahma added.

     

    A media buying executive said that all stakeholders, including the media agencies, have invested in the new BARC system, and it is natural that all should move to this audience measurement system. “BARC is a joint industry body, and we are part of the industry. We believe that BARC will have a more accurate and better measurement. Our preference would be to go with the measurement which is more robust, transparent and accurate,” he said.

  • 2014: The roller-coaster year for West Bengal media

    2014: The roller-coaster year for West Bengal media

    A trip down memory lane in 2014 has seldom been a tempest in a teapot; but, a year fraught with a bumpy roller-coaster ride, at least for the media in West Bengal… almost as unpredictable and enigmatic as its leader. West Bengal, centre staged and witnessed many ups and downs on the news channels. Many bled during the year, with a slowdown in the second half, but only one channel triumphed and reigned supreme. It was none other than ABP Ananda, which was rated highest week after week.

    City-based ABP Ananda emerged as a great opinion maker, backed by concrete facts and figures, and powerful, impact reporting. “In fact, its viewership increased after West Bengal Chief Minister Mamata Banerjee’s diktat not to watch the channel,” quoted a media analyst.

    The channel has built a strong presence in the Bengal and Maharashtra markets and has firmed up plans in Punjab as well. ABP Group, in the year 2014, said that it aims to launch 3 – 4 regional news channels in the next 2 – 3 years in the western region, followed by northern India.

    Worthy of note, Zee Entertainment Enterprises Limited (ZEEL), which has a major stake in the news share in the north and western India, gained control in the east through its 24×7 Bengali news channel – 24 Ghanta. The channel inducted veteran journalist and Hindustan Times deputy resident editor Anirban Choudhury as the new face on its board and saw a turn for the better in the programme content and style.

    TV18 Broadcast too launched a 24-hour Bengali news channel called ETV News Bangla in March 2014, in the presence of West Bengal Chief Minister Mamata Banerjee. The channel aims to redefine regional channels in Bengal. ETV News Bangla has caught the attention of various localities in Kolkata.

    Star India too hinted that it plans to start a Bengali sports channel. The Indian unit of Rupert Murdoch’s News Corp empire, Star India aims to expand beyond cricket coverage into sports such as hockey, football and even, kabaddi.

    There was excitement in the air! News of non-operational Mahua Bangla, a Bengali general entertainment channel and Mahua Khabor, a 24-hour Bengali news channel, spread like wild fire that they were to go live again in the year 2014! This sparked renewed vigour among job seekers as the parent company, Mahuaa Media Private Limited (MMPL), which closed down the two channels in 2013 in Kolkata, was “exploring all possibilities” to arrange funds in the range of Rs 150 – Rs 200 crore to breathe life into the sick channels.

    The most interesting development was that production company Channel Eight, which was earlier compelled to disassociate itself from the Bengali GEC Aakash Aath, after it didn’t get the 51 per cent stake in the channel as promised, within a month joined the channel again after it got its stake. The GEC said that though the focus of the channel has changed, it intends to keep news in the mixed bag. It also launched a couple of new shows such as comedy serial – Ghhente Gha directed by Manish Ghosh and scripted by Padmanabha Dasgupta.

    Focus Bangla, a 24×7 Bengali news channel, is bullish about its growth in the regional market. It had introduced many new slots for programmes featuring one-to-one interviews with experts from various fields.

    Narsingha Broadcasting also aimed to foray into television media business. The company was to launch a Bengali satellite news channel in 2014 but its plans were deferred to the early part of next year!

    On the whole, West Bengal, has a small market size with a few 24-hour satellite channels owned by big corporates, which makes it difficult for others to survive in the market place. In the past one and half years, the advertising pie in Bengal has also gone down. On top of that, the money market companies made their exit, further putting a severe fund crunch in the media market. The Saradha chit fund scam was a golden egg for most news channels.

    Bengali GECs, news, and other television channels which generated around 35 – 40 per cent of the advertisement revenue from Non-Banking Financial Institutions (NBFCs) till last fiscal year were all bleeding as the NBFC players understood that even after spending a huge amount, they were not being able to make an impression on the minds of people to invest in deceptive schemes, thanks to the Saradha Group’s chit fund business, which went bust in the beginning of the financial year 2013-14.

    Many other companies, which are engaged in money marketing have reduced their ad spend, firstly to stay away from the authorities’ watchful eye and secondly, they seem to think that even after spending a huge amount on ads, investors are not gullible enough to put in their hard-earned money into the chit fund schemes.

    In 2014, Bengal saw careful media coverage of Lok Sabha elections by the regional television channels. These included 24×7 Bengali news channels like ABP Ananda, 24 Ghanta, ETV News Bangla, Focus TV, Kolkata TV, Tara Newz, and infotainment channels like Aakash Bangla, which had three news slots for all the election coverage. 

    The 2014 elections were notable for the vast array of outlets that an interested consumer could avail to create his own media experience on multiple screens. However, a continuous simmering political situation called for more political debates, phone-in shows in 2014.

    On the other hand, the entertainment channels saw phenomenal growth as the regional market is growing. The advertising market is also growing day by day. The viewer bouquet is fast growing too.  Changes in programme structure have been incorporated in 2014. Serials, reality shows, films are given extra weightage.

    Each channel has grown in terms of viewership. The viewers just want consistent performances and channels, which can give them quality content and programmes; and hence, no one gets to lose their market share.

    Bengali viewers are natural lovers of football. Many of them have been losing interest; but, with the advent of Indian Super League (ISL), with daily exciting coverage, celebrity owners and great sponsors, it ensured more new viewers from all demographics. Not to mention that Sourav Ganguly’s Atlético de Kolkata, finally won the coveted Cup.

    The GECs continue to dominate the Kolkata advertisement market, with high production values and a robust content bank based on local programming.

    Overall, the Bengali media is surging ahead in leaps and bounds with more channels in the foray, new programmes on view and a bunch of creative minds behind them!

    With this change in tide, which is nothing but technology-driven, the media groups had taken the route of social networking sites and web as tools for promoting their programmes and started getting live viewership ratings and responses.

    The face of media is fast changing, where the media once uni-directional in its approach is now becoming bi-directional in communication and the future looks bright!

  • 24 Ghanta to get HT’s Anirban Choudhary as editor

    24 Ghanta to get HT’s Anirban Choudhary as editor

    KOLKATA: Zee Entertainment Enterprises owned 24×7 Bengali news channel, 24 Ghanta, is all set to get on board veteran journalist and Hindustan Times deputy resident editor (RE) Anirban Choudhury, as editor.

     

    “Bye bye Hindustan Times…. shall remain ever grateful to you…forever,” he wrote on a social networking site.

     

    Choudhury, agreed to the development, but refused to reveal the date of his joining. “I would like to finish off all my assignments at HT before moving on to 24 Ghanta,” he said.

     

    In his new role, he will be looking after the overall operations of the channel. “Bengal is not just about politics. We would like to tell a story of a common man,” he said about his plans for the channel.

     

     “Zee has spent a huge amount on this channel, but still something was missing. The channel could not make its mark even after recruiting so many senior journalists. Hope Choudhury’s appointment works as a miracle,” said an official from the channel.

     

     “There is an urgent need to revamp the whole structure and the schedule of the channel. With Anirban at the helm of affairs, we hope that the channel would get back to winning ways. He was responsible for creating a market for HT in the eastern region and hope he would do the same for 24 Ghanta,” said an industry expert.

     

    24 Ghanta was launched in the year 2006 and it covers local, national as well as international news.

  • Zee Media gets board approval to raise Rs 200 crore via rights issue

    Zee Media gets board approval to raise Rs 200 crore via rights issue

    MUMBAI: Zee Media Corporation Limited (ZMCL) today announced the result of its board meeting, informing that the board of directors has approved raising Rs 200 crore via rights issue.

    The company last week announced its plan to consider raising of funds and was looking at various routes, including the rights issue for the same.

    In a statement to BSE, the company said, “Zee Media Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2014, inter alia, has approved, in-principle, raising of funds for an amount of not exceeding Rs 200 Crores through issue of equity shares of the Company to its eligible shareholders on a rights basis in accordance with the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws (the “Rights Issue”).”

    An issue of rights to a company’s existing shareholders entitles them to buy additional shares directly from the company, in proportion to their existing holdings within a fixed time period. In a rights offering, the subscription price at which each share may be purchased in generally at a discount to the current market price. Rights are often transferable, allowing the holder to sell them on the open market.

    The company today also announced its Q2-2015 results. The media corporation posted a Rs 12.8 crore loss in the current quarter as compared to Rs 14.57 crore loss in Q1-2015 and a profit of Rs 4.27 crore in the corresponding quarter last year (Q2-2014).

    ZMCL, formerly known as Zee News Ltd, broadcasts 10 news channels including two national ones – Zee News and Zee Business.

    Its regional news channels are Zee 24 Taas, 24 Ghanta, Zee Sangam, Zee Madhya Pradesh Chhattisgarh, Zee Purvaiya, Zee Marudhara, Zee Punjab Haryana Himachal and Zee Kalinga.

     

  • ZMCL to discuss raising funds through rights issue

    ZMCL to discuss raising funds through rights issue

    MUMBAI: Zee Media Corporation Ltd (ZMCL) has announced its plans to raise funds and is looking at various routes, including the rights issue for the same.

    The board of the company would consider a proposal on that at its meeting on 20 October, ZMCL informed the BSE.
    “The Board of Directors shall consider a proposal for raising funds by the company through various modes including by way of rights issue,” it said.

    An issue of rights to a company’s existing shareholders entitles them to buy additional shares directly from the company, in proportion to its existing holdings within a fixed time period. In a rights offering, the subscription price at which each share may be purchased is generally at a discount to the current market price. Rights are often transferable, allowing the holder to sell them to an open market.

    The company results for the second quarter of the financial year 2014-15, would also be placed before the board for approval at the meeting, the release added.

    On a consolidated basis, Zee Media Corporation reported a net loss of Rs 17.52 crore in Q1 June 2014 compared with net profit of Rs 5.04 crore in Q1 June 2013. Net sales rose 71.7% to Rs 132.77 crore in Q1 June 2014 over Q1 June 2013.

    ZMCL, formerly known as Zee News Ltd, broadcasts 10 news channels including two national ones – Zee News and Zee Business.

    Its regional news channels are Zee 24 Taas, 24 Ghanta, Zee Sangam, Zee Madhya Pradesh Chhattisgarh, Zee Purvaiya, Zee Marudhara, Zee Punjab Haryana Himachal and Zee Kalinga.

     

  • News channels to telecast Durga Puja live

    News channels to telecast Durga Puja live

    KOLKATA:  With the arrival of Durga Puja in Bengal, the biggest festival in the state, India’s national broadcaster, Doordarshan along with other regional Bengali channels will telecast the grand festival from Kolkata and other parts of West Bengal live for the next four days.

     

    Channels planning live telecast of the celebrations include 24 Ghanta, Akash Bangla, Star Ananda, Tara News, ETV News, Channel 10, Ne Bangla and Kolkata TV among other channels.

     

    Talking about the same, a Focus Bangla official said, “We will invite singers to our studios. We will also visit a celebrity’s house for the puja and be a part of their home experience.”

     

    Adding to that, a 24 Ghanta reporter added, “Each year, organisers come up with new themes and try to better their previous attempts. We try to cover all the important pujas from different locations so that old people and the young alike can enjoy the live puja from indoors.”

     

    The 10-day festival which started on 25 September will conclude on 3 October.

     

    Festooned with lights, giant cardboard cut-outs and clay figures adorn the entrances to lanes. The city has also been decked up like a bride to welcome the goddess.

     

  • ABP Ananda continues to be the chart topper

    ABP Ananda continues to be the chart topper

    KOLKATA: The week 26 of TAM TV Ratings has seen no major change from the previous week in the Bengali News space. ABP Ananda has gained highest in terms of gross viewership in thousands (GVT) as compared to other TAM subscribed channels in the state.

     

    The channel from the house of Kolkata headquartered ABP Group garnered 1,783 GVTs, up from the 1,477 GVTs it recorded in the previous week. 24 Ghanta bagged 1,674 GVTs this week and stood second in the ratings chart. The channel, last week had received 1,394 GVTs. 

     

    Focus Bangla scored higher than Kolkata TV by reporting 734 GVTs, again a hike from the 557 GVTs it received last week. Kolkata TV on the other hand garnered 185 GVTs as compared to 143 GVTs it managed in week 25.

     

    All the TAM findings take into account CS4+ for all the days in the state.