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Tag: Bhaskar Das

  • Zee Media crosses 150 million viewers

    Zee Media crosses 150 million viewers

    MUMBAI:  Zee Media achieves another milestone on an average weekly basis Zee Media crosses 150+ million viewers mark.

    Zee Media Corporation Limited (formerly Zee News Ltd.) is India’s one of the Largest News Network with 10 channels, Mumbai edition of DNA newspaper and digital properties like zeenews.com and dnaindia.com.

    The network comprises of two national channels Zee News (Hindi News), Zee Business (Hindi Business News) and India 24×7(Hindi News). In addition it has regional news channels, Zee Madhya Pradesh Chhattisgarh (Madhya Pradesh & Chhattisgarh), Zee 24 Taas (Marathi), Zee Rajasthan News (Rajasthan), Zee Punjab Haryana Himachal and Zee Kalinga News (Odisha). Additionally the company operates 2 regional news channels through its subsidiaries viz. 24 Ghanta (Bengali) through Zee Akaash News Pvt Ltd and Maurya TV (Bihar & Jharkhand) through Maurya TV Private Limited.

    “It’s rare to be able to touch so many people’s lives and we take pride in adhering to our proposition of delivering in-depth analysis, varied perspective and inspirational stories!”, says ZMCL marketing head Pooja Gupta. This journey though exhilarating, sometimes tumultuous times, has been an enriching and enlightening one. 

    While ZMCL have remained intact over the years and have gained credibility for our strong foothold and news coverage, ZMCL is impatient like any innovators. It seeks potential everywhere and every problem is an opportunity for growth. As the largest news network ZMCL believe our work must be integral to our mission of nurturing more informed and aware citizens, inspiring moments of optimism and happiness, creating value and making a difference to their viewer’s lives, opines ZMCL CEO R. K. Arora.

    This achievement would never have been possible without the continued and relentless support from all our viewers and business associates who have played an intensive role to unlock the collaborative power of the news business, making a much greater collective impact.  

    “The attempt is to achieve a new pinnacle in terms of revenue and market share. So let the revelry continue from a million to a zillion!” signs off ZMCL group CEO Dr. Bhaskar Das.

  • Zee Media crosses 150 million viewers

    Zee Media crosses 150 million viewers

    MUMBAI:  Zee Media achieves another milestone on an average weekly basis Zee Media crosses 150+ million viewers mark.

    Zee Media Corporation Limited (formerly Zee News Ltd.) is India’s one of the Largest News Network with 10 channels, Mumbai edition of DNA newspaper and digital properties like zeenews.com and dnaindia.com.

    The network comprises of two national channels Zee News (Hindi News), Zee Business (Hindi Business News) and India 24×7(Hindi News). In addition it has regional news channels, Zee Madhya Pradesh Chhattisgarh (Madhya Pradesh & Chhattisgarh), Zee 24 Taas (Marathi), Zee Rajasthan News (Rajasthan), Zee Punjab Haryana Himachal and Zee Kalinga News (Odisha). Additionally the company operates 2 regional news channels through its subsidiaries viz. 24 Ghanta (Bengali) through Zee Akaash News Pvt Ltd and Maurya TV (Bihar & Jharkhand) through Maurya TV Private Limited.

    “It’s rare to be able to touch so many people’s lives and we take pride in adhering to our proposition of delivering in-depth analysis, varied perspective and inspirational stories!”, says ZMCL marketing head Pooja Gupta. This journey though exhilarating, sometimes tumultuous times, has been an enriching and enlightening one. 

    While ZMCL have remained intact over the years and have gained credibility for our strong foothold and news coverage, ZMCL is impatient like any innovators. It seeks potential everywhere and every problem is an opportunity for growth. As the largest news network ZMCL believe our work must be integral to our mission of nurturing more informed and aware citizens, inspiring moments of optimism and happiness, creating value and making a difference to their viewer’s lives, opines ZMCL CEO R. K. Arora.

    This achievement would never have been possible without the continued and relentless support from all our viewers and business associates who have played an intensive role to unlock the collaborative power of the news business, making a much greater collective impact.  

    “The attempt is to achieve a new pinnacle in terms of revenue and market share. So let the revelry continue from a million to a zillion!” signs off ZMCL group CEO Dr. Bhaskar Das.

  • Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 3.3 per cent YoY growth in Total Income from Operations (TIO) to Rs 144.46 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 131.12 crore in Q3-2015. TIO in the current quarter was 6.1 per cent lower than the Rs 139.84 crore in Q3-2015. The company’s print segment reported an operating profit of Rs 0.98 crore as compared to an operating loss of Rs 3.29 crore in the corresponding year ago quarter.

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    Consequently, ZMCL’s EBIDTA in the current quarter increased 24.9 per cent to Rs 20.97 crore as compared to Rs 16.79 crore in Q3-2015. ZMCL’s Television segment EBIDTA for the current quarter however was flat at Rs 19.99 crore as compared to the Rs 20.08 crore in Q3-2015. ZMCL’s EBIDTA in the immediate trailing quarter was much lower at Rs 6.71 crore.

     

    The company reported a lower loss of Rs 1.11 crore as compared to a loss of Rs 10.41 crore in Q3-2015 and a loss of Rs 16.98 crore in the immediate trailing quarter.

     

    The company’s advertising revenue in the current quarter also increased 3.3 per cent YoY to Rs 103.46 crore as compared to Rs 100.13 crore and increased 14.1 per cent QoQ from Rs 90.69 crore. Subscription revenue in Q3-2016 increased one per cent YoY to Rs 30.64 crore from Rs 30.33 and increased 12.5 per cent QoQ from Rs 27.24 crore.

     

    ZMCL’s Television segment reported 6.5 per cent YoY growth in revenue in Q3-2016 to Rs 116.42 crore from Rs 109.32 crore and 16.1 per cent QoQ growth from Rs 100.30 crore. Print segment declined 8.2 per cent YoY in the current quarter to Rs 28.04 crore from Rs 30.55 crore and increased 4.8 per cent QoQ from Rs 26.75 crore.

     

    The company has controlled its total expenditure in Q3-2015, which was almost flat (up by 0.3 per cent) YoY at Rs 123.49 crore as compared to Rs 123.08 crore and was 2.6 per cent more QoQ as compared to Rs 120.33 crore.

     

    Cost of goods and operations in the current quarter declined 7.9 per cent YoY to Rs 32.50 crore as compared to Rs 35.29 crore  and was 3.4 per cent lower QoQ than 33.64 crore. Employee Cost in the current quarter declined 4.1 per cent to Rs 38.15 crore from Rs 39.76 crore and was 1.1 per cent lower QoQ than the Rs 38.60 crore in the immediate trailing quarter.

     

    ZMCL group CEO – news cluster Bhaskar Das said, “With the country emerging as a star performer, media and entertainment industry is also hopeful of riding the growth wave. A double-digit upward swing in ad spends, as per early estimates this year, bodes well for ZMCL, especially when the corporation is charting a clutter bursting path to set itself apart from the commoditised content ecosystem. Our path breaking content propositions, which are finding expression in our evolved programming across channels, are bound to create an unmatched viewer vibrancy that will surely interest the ad vibrant sectors. At ZMCL, we have been quick to adapt to current global trends and tap newer and disruptive opportunities of growth anytime anywhere. A step in this direction is our focus on native communication that has helped us defy industry gravity and diversify our revenue risk. I am hopeful that we will continue to find new avenues of growth and sustain the competitive advantage that we have built over years.”

     

    ZMCL COO Rajendra Kumar Arora added, “ZMCL is an industry pioneer having perfected the art of driving operational efficiencies. It has been our constant endeavour to define and follow processes. As the industry slowly realises the relevance of technology in driving down costs, we at ZMCL have been at the forefront of using cutting-edge technology as an enabler in optimising expenditure. While we are innovatively experimenting with content and investing in it to generate impact, we are confident of maintaining a robust bottomline as we go ahead. The fact that we have been able to garner more

    eyeballs will, in near future, also provide an impetus to topline. Our improved EBITDA margins point to synergy in operations.”

  • Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 3.3 per cent YoY growth in Total Income from Operations (TIO) to Rs 144.46 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 131.12 crore in Q3-2015. TIO in the current quarter was 6.1 per cent lower than the Rs 139.84 crore in Q3-2015. The company’s print segment reported an operating profit of Rs 0.98 crore as compared to an operating loss of Rs 3.29 crore in the corresponding year ago quarter.

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    Consequently, ZMCL’s EBIDTA in the current quarter increased 24.9 per cent to Rs 20.97 crore as compared to Rs 16.79 crore in Q3-2015. ZMCL’s Television segment EBIDTA for the current quarter however was flat at Rs 19.99 crore as compared to the Rs 20.08 crore in Q3-2015. ZMCL’s EBIDTA in the immediate trailing quarter was much lower at Rs 6.71 crore.

     

    The company reported a lower loss of Rs 1.11 crore as compared to a loss of Rs 10.41 crore in Q3-2015 and a loss of Rs 16.98 crore in the immediate trailing quarter.

     

    The company’s advertising revenue in the current quarter also increased 3.3 per cent YoY to Rs 103.46 crore as compared to Rs 100.13 crore and increased 14.1 per cent QoQ from Rs 90.69 crore. Subscription revenue in Q3-2016 increased one per cent YoY to Rs 30.64 crore from Rs 30.33 and increased 12.5 per cent QoQ from Rs 27.24 crore.

     

    ZMCL’s Television segment reported 6.5 per cent YoY growth in revenue in Q3-2016 to Rs 116.42 crore from Rs 109.32 crore and 16.1 per cent QoQ growth from Rs 100.30 crore. Print segment declined 8.2 per cent YoY in the current quarter to Rs 28.04 crore from Rs 30.55 crore and increased 4.8 per cent QoQ from Rs 26.75 crore.

     

    The company has controlled its total expenditure in Q3-2015, which was almost flat (up by 0.3 per cent) YoY at Rs 123.49 crore as compared to Rs 123.08 crore and was 2.6 per cent more QoQ as compared to Rs 120.33 crore.

     

    Cost of goods and operations in the current quarter declined 7.9 per cent YoY to Rs 32.50 crore as compared to Rs 35.29 crore  and was 3.4 per cent lower QoQ than 33.64 crore. Employee Cost in the current quarter declined 4.1 per cent to Rs 38.15 crore from Rs 39.76 crore and was 1.1 per cent lower QoQ than the Rs 38.60 crore in the immediate trailing quarter.

     

    ZMCL group CEO – news cluster Bhaskar Das said, “With the country emerging as a star performer, media and entertainment industry is also hopeful of riding the growth wave. A double-digit upward swing in ad spends, as per early estimates this year, bodes well for ZMCL, especially when the corporation is charting a clutter bursting path to set itself apart from the commoditised content ecosystem. Our path breaking content propositions, which are finding expression in our evolved programming across channels, are bound to create an unmatched viewer vibrancy that will surely interest the ad vibrant sectors. At ZMCL, we have been quick to adapt to current global trends and tap newer and disruptive opportunities of growth anytime anywhere. A step in this direction is our focus on native communication that has helped us defy industry gravity and diversify our revenue risk. I am hopeful that we will continue to find new avenues of growth and sustain the competitive advantage that we have built over years.”

     

    ZMCL COO Rajendra Kumar Arora added, “ZMCL is an industry pioneer having perfected the art of driving operational efficiencies. It has been our constant endeavour to define and follow processes. As the industry slowly realises the relevance of technology in driving down costs, we at ZMCL have been at the forefront of using cutting-edge technology as an enabler in optimising expenditure. While we are innovatively experimenting with content and investing in it to generate impact, we are confident of maintaining a robust bottomline as we go ahead. The fact that we have been able to garner more

    eyeballs will, in near future, also provide an impetus to topline. Our improved EBITDA margins point to synergy in operations.”

  • Q2-2016: Zee Media EBIDTA up 9.7 percent

    Q2-2016: Zee Media EBIDTA up 9.7 percent

    BENGALURU:  Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited reported a 3.1 percent deline in Total Income from Operations (TIO) to Rs 127.04 crore in the quarter ended September 30, 2015 (Q2-2016, current quarter) as compared to the Rs 131.12 crore in Q2-2015. TIO in the current quarter was 6.1 percent lower than the Rs 135.26 crore in Q1-2016.

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    ZMCL’s EBIDTA however improved 9.7 percent to Rs 6.71 crore in the current quarter as compared to the Rs 6.12 crore in Q2-2015. ZMCL’s EBIDTA in the immediate trailing quarter was higher at Rs 14.76 crore.

     

    ZMCL’s existing television channels returned positive operating results (Positive EBIDTA) of Rs 17.43 crore crore in Q2-2016. Its TV Broadcasting EBIDTA was negatively impacted to the extent of Rs 7.26 crore by its new channels, and hence the TV Broadcast business returned a positive EBIDTA of Rs 10.17 crore.  Overall, ZMCL’s EBIDTA was further impacted by a negative EBIDTA of Rs 3.45 crore from its Print Business, hence the company reported the EBIDTA of Rs 6.71 crore mentioned above in Q2-2016.

     

    While the company’s Television Broadcast business revenue grew YoY grew 1.8 percent to Rs 100.30 crore in the current quarter as compared to Rs 98.56 crore in the corresponding year ago quarter, its Print business revenue declined 7.9 percent to Rs 30.02 crore as compared to Rs 32.59 crore. TV Broadcast business revenue in Q1-2016 was higher at Rs 108.64 crore, while Print business revenue was lower at Rs 28.04 crore.

     

    Advertisement and Subscription Revenues

     

    The company’s overall advertising and subscription revenues declined both YoY and QoQ in Q2-2016. ZMCL reported 2.6 percent lower advertising revenue of Rs 90.69 crore (71.4 percent of Total Revenue) in the current quarter as compared to 93.14 crore (71 percent of Total Revenue) in Q2-2015 and was 6.3 percent lower than the Rs 96.75 crore (71.5 percent of Total Revenue).

     

    TV Business advertisement revenue increased 2.1 percent to Rs 72.59 crore in Q2-2016 as compared to the Rs 71.1 crore in Q2-2015, but declined 8.9 percent as compared to the Rs 79.72 crore in the immediate trailing quarter. TV Business Advertisement revenue from existing channels declined 3.9 percent in the current quarter to Rs 65.93 crore as compared to the Rs 68.58 crore in Q2-2015 and declined 11 percent as compared to the Rs 74.05 crore in Q1-2016. Advertisement revenue from new channels more than doubled (went up 2.7 times) to Rs 6.66 crore as compared to the Rs 2.52 crore in Q2-2015 and increased 17.3 percent as compared to the Rs 5.68 crore in Q1-2016.

     

    Overall subscription revenue in the current quarter declined 3 percent to Rs 27.24 crore (21.4 percent of Total Revenue) in Q2-2016 as compared to the Rs 28.07 crore (21.4 percent of Total Revenue) in the corresponding year ago quarter and was 5 percent lower than the Rs 28.67 crore (21.2 percent of Total Revenue) in the immediate trailing quarter.

     

    TV Business YoY subscription revenue declined 0.2 percent in the current quarter to Rs 24.44 crore as compared to the Rs 24.62crore in Q2-2015, and declined 5.4 percent as compared to the Rs 25.84 crore in Q1-2016.

     

    Let us look at the other numbers reported by ZMCL

     

    ZMCL’s Total Expenditure in the current quarter declined 3.4 percent to Rs 133.35 crore as compared to the Rs 138.01 crore in Q2-2015, but increased 0.3 percent as compared to the Rs 133.01 crore in Q1-2016.

     

    Employee Benefits Expense in Q2-2016 declined 7.2 percent to Rs 38.60 crore in Q2-2016 as compared to the Rs 41.60 crore in the corresponding year ago quarter and was 8.3 percent lower than the Rs 42.11 crore in Q1-2016.

     

    Operational Cost in Q2-2016 declined 17.5 percent to Rs 21.14 crore as compared to the Rs 25.62 crore in Q2-2015 but was 1.7 percent higher than the Rs 20.79 crore in Q1-2016.

     

    Marketing, Distribution and Business Promotion Expenses in Q2-2016 increased 66 percent to Rs 24.97 crore as compared to the Rs 15.04 crore in Q2-2015 and was 15.3 percent more than the Rs 21.65 crore in the immediate trailing quarter.

     

    ZMCL’s loss in Q2-2016 increased to Rs 16.98 crore as compared to the loss of Rs 11.53 crore in Q2-2015 and the loss of Rs 7.1 crore in Q1-2016.

     

    Group CEO, News Cluster  Bhaskar Das said, “With hardly any content differentiators, news has become commoditized over the years. Fragmentation has also not helped the cause of the genre. However, we at Zee Media have been constantly investing on breaking the clutter and creating path breaking content so that we can distinctly set ourselves apart from the current normal. Our breakthrough experiments in content have borne results.”

     

    Das further added, “Zee News, the pioneer in news broadcasting in India, has turned into viewers’ first choice of late as we continue to make the content meaningful and relevant in the context of the current discourse. The bouquet of ZMCL channels and our newspaper, dna, continue to be one of India’s largest news networks and we leverage our multiple access points to reach both our viewers and advertisers, providing value to every stakeholder at every step.”

  • Q1-2016: Zee Media revenue up 1.3%, boosted by 15% jump in subscription rev

    Q1-2016: Zee Media revenue up 1.3%, boosted by 15% jump in subscription rev

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 1.3 per cent growth in Total Income from Operations (TIO) to Rs 135.26 crore in Q1-2016 (quarter ended 30 June, 2015) as compared to Rs 133.46 crore in Q1-2015, but 3.3 per cent lower than the Rs 139.88 crore in the immediate trailing quarter.

     

    The growth was due to a 15 per cent growth in subscription revenue in the current quarter at Rs 28.67 crore (21.2 per cent of TIO) as compared to the Rs 24.93 crore (18.7 per cent of TIO) in Q1-2015 partially offset by the 5.1 per cent decline in advertising revenue at Rs 96.75 crore (71.5 per cent of TIO) in Q1-2016 as compared to the Rs 101.92 crore (76.4 per cent of TIO) in Q1-2015.

     

    Subscription revenue in the immediate trailing quarter was however 5.1 per cent higher at Rs 30.21 crore and advertising revenue was 1.9 per cent higher at Rs 98.69 crore than the corresponding Q1-2016 revenue.

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

     

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    Other Sales and services revenue in the current quarter at Rs 9.84 crore (7.3 per cent of TIO) was 48.9 per cent more than the Rs 6.61 crore (4.9 per cent of TIO) in Q1-2015, but 10.4 per cent lower than the Rs 10.98 crore (7.8 per cent of TIO) in the immediate trailing quarter.

     

    Television business advertising and subscription numbers

     

    Television advertising revenue in the current quarter was almost flat (declined 0.4 per cent) at Rs 79.72 crore as compared to the Rs 80.01 crore in the corresponding year ago quarter. Advertising revenue for new channels more than doubled (went up 2.1 times) to Rs 5.68 crore in Q1-2016 as compared to the Rs 2.71 crore in Q1-2015, while advertising revenue from the older existing channels declined 4.2 per cent to Rs 74.05 crore as compared to the Rs 77.30 crore in Q1-2015.

     

    Television subscription revenue in Q1-2016 increased 23 per cent to Rs 25.84 crore as compared to the Rs 21.01 crore in Q1-2015.

     

    Let us look at the other numbers reported by ZMCL

     

    ZMCL reported a lower loss of Rs 7.1 crore in Q1-2016 versus a loss of Rs 17.52 crore in Q1-2015 and loss of Rs 7.18 crore in Q4-2015.

     

    Total expense (TE) in Q1-2016 at Rs 133.01 crore was 7.5 per cent lower than the Rs 143.80 crore in Q1-2015 and 3.3 per cent lower than the Rs 137.48 crore in Q4-2015.

     

    ZMCL’s employee benefit expense (EBE) in Q1-2016 at Rs 42.11 crore was 5.4 per cent more than the Rs 39.55 crore in Q1-2015 and was seven per cent more than Rs 39.34 crore in Q4-2015.

     

    In Q1-2016, ZMCL’s operational cost at 20.79 was 36.9 per cent lower than the Rs 32.96 crore in Q1-2015 and 25.6 per cent less than the Rs 27.94 crore in Q4-2015.

     

    ZMCL News Cluster group CEO Bhaskar Das said, “We are exploring new areas of innovation, both in form and content, in such a way that media is again established as the fourth pillar of democracy. We seek to improve our understanding and increase our collaboration with the change agents who are creating a positive impact on the development of our country. This I am hopeful will help us break the clutter and create meaningful content differentiation in the highly fragmented news TV genre.”

     

    ZMCL CEO Ashish Kirpal Pandit added, ”As the company sets itself apart from the me-too content environment, we are hopeful that new-age advertisers will find immense value in partnering with us for pushing their communication through our differentiated media vehicles. While we are looking at investing to upgrade our content, we remain focused on maintaining a robust bottomline. We are also trying to gauge the full impact of BARC ratings, and how it is going to play out in the future.”

  • FY-2015: Zee Media’s revenue up 62.4%; ad revenue up 78.6%

    FY-2015: Zee Media’s revenue up 62.4%; ad revenue up 78.6%

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 62.4 per cent growth in Total Income from Operations (TIO) to Rs 544.33 crore in FY-2015 as compared to Rs 335.15 crore in FY15-2014. 

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

     

    (2) The figures in this report are consolidated figures unless stated otherwise.

     

    (3) The consolidated financial results of the Company comprise of financials of following subsidiaries viz.

     

    Zee Akaash News Private Limited (60 per cent), Mediavest India Private Limited (100 pe rcent), Diligent Media Corporation Limited (99.99 per cent), Pri-Media Services Private Limited (100 per cent) and Company’s share in the results of an Associate entity, Maurya TV Private Limited, wherein Company held 37.87 percent till 11 December, 2014 and post 11 December, 2014, consequent to further acquisitions, Maurya TV Private Limited became Wholly owned Subsidiary of the Company.

     

    Advertisement and Subscription revenue

     

    The company says in its earnings release that advertisement revenue in FY-2015 increased 78.6 per cent to Rs 393.88 crore as compared to the Rs 220.51 crore in FY-2014. Advertising revenue in Q4-2015 increased 82.5 per cent y-o-y in Q4-2014 to Rs 98.69 crore from Rs 53.3 crore in Q4-2014 and was 1.5 per cent lower as compared to the Rs 100.13 crore in the immediate trailing quarter.  

     

    Television advertisement revenue increased 40.8 per cent in FY-2015 to Rs 310.55 crore as compared to Rs 220.51 crore in FY-2014, out of which advertisement revenue from new channels grew 21.9 per cent to Rs 13.81 crore in the current year from Rs 11.33 crore in the previous year.

     

    Television ad revenue in Q4-2015 at Rs 80.16 crore was 50.4 per cent more than the Rs 53.3 crore in Q4-2014. Ad revenue from new channels in Q4-2015 more than trebled (3.1 times) at Rs 5.26 crore as compared to the Rs 1.7 crore in Q4-2014. Advertising revenue from ZMCL’s new channels in Q3-2015 was Rs 3.33 crore. 

     

    Subscription revenue grew 13.7 per cent in FY-2015 to Rs 113.54 crore from Rs 99.90 crore in FY-2014. Subscription revenue grew 11.9 per cent y-o-y to Rs 30.21 crore from Rs 27 crore and was 0.4 per cent lower than the Rs 30.33 crore in Q3-2015.

     

    Let’s look at the other numbers reported by ZMCL

     

    ZMCL reported 52.6 per cent growth in TIO at Rs 139.88 crore in Q4-2015 as compared to the Rs 91.69 crore in Q4-2014 and almost flat as compared to the Rs 139.875 crore in the immediate trailing quarter. 

     

    ZMCL reported a loss of Rs 46.65 crore in FY-2015 versus a PAT of Rs 18.93 crore in FY-2014.

     

    The company reported loss of Rs 7.18 crore in Q4-2015 versus a PAT of Rs 4.11 crore in the corresponding quarter of last year and a loss of Rs 10.42 crore in Q3-2015.

     

    Total expense (TE) in FY-2015 at Rs 554.43 crore was 70.2 per cent more than the Rs 325.76 crore in FY-2014. The company’s TE in Q4-2015 at Rs 137.48 crore was 69.1 per cent more than the Rs 81.3 crore in Q4-2014 and was 1.5 per cent more than Rs 135.11 crores in Q3-2015. 

     

    ZMCL’s employee benefit expense (EBE) in FY-2015 at Rs 160.66 crore was 60.6 per cent more than the FY-2014 EBE in Rs 99.1 crore. Q4-2015 EBE at Rs 39.34 crore was 51 per cent more than the Rs 25.13 crore but was 1.1 per cent less than Rs 39.76 crore in Q3-2015.

     

    In FY-2015, ZMCL’s operational cost at Rs 104.70 was 58.3 per cent more than the Rs 66.13 crore in FY-2015. ZMCL’s operational cost in Q4-2015 at Rs 27.94 crore was 70.6 per cent more than the Rs 16.38 crore in Q4-2014 and was 19.5 per cent more than the  Rs 23.39 crore in Q3-2015. 

     

    Company Speak

     

    ZMCL News Cluster group CEO Bhaskar Das said, “The continuing growth of advertising revenue in FY-2015 gave us ample scope to experiment with path breaking content like roping in cricket celebrities for World Cup programming. From ‘update’ to ‘upgrade’ our content philosophy has evolved to cater to the ever increasing demands of an engaged consumer. The initiation of BARC ratings in the new fiscal will bring about a paradigm shift in how the industry and advertisers track the viewership data.”

     

    ZMCL CEO Ashish Kirpal Pandit added, “The company, in addition to upgrading its content and increasing its penetration among advertisers, is also focusing on improving its operational efficiency, which is evident from improving margins. The company plans to make full use of the increase in digitization and expected improvement in viewership measurements and move towards a more analytical approach to doing business.”

  • Q3-2015: ZMCL reports 52.6% revenue growth

    Q3-2015: ZMCL reports 52.6% revenue growth

    BENGALURU: Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited, reported 52.6 per cent growth in Total Income from Operations (TIO) to Rs 139.88 crore in Q3-2015 as compared to Rs 91.69 crore in Q3-2014 and 6.7 per cent more than the Rs 131.12 crore in Q2-2015. YTD, the company reported a 60.3 per cent growth in TIO to Rs 404.45 crore from Rs 252.39 crore in 9M-2014.

     

    The company reported loss of Rs 9.40 crore in Q3-2015 versus a PAT of Rs 5.92 crore in the corresponding quarter of last year and a loss of Rs 12.86 crore in Q2-2015. ZMCL reported a loss of Rs 39.47 crore in 9M-2015 versus a PAT of Rs 14.82 crore in 9M-2014.

     

    In its earnings release, ZMCL says that new channels incurred an operating loss of Rs 7.65 crore in Q3-2015, a loss of Rs 3.31 crore in Q3-2014 and  loss of Rs 10.13 crore in the immediate trailing quarter. YTD, new channels reported an operating loss of Rs 30.34 crore in 9M-2015 and an operating loss of Rs 10.83 crore in 9M-2014. 

     

    ZMCL’s print business reported an operating loss of Rs 3.28 crore in Q3-2015, a loss of Rs 18.8 crore in 9M-2015. In Q2-2015, print business had reported an operating loss of Rs 4.39 crore.

     

    ZMCL television business reported EBIDTA of Rs 20.07 crore in Q3-2015 and Rs 43.8 crore in 9M-2015. Television business had reported EBIDTA of Rs 20.62 crore in Q2-2015.

     

    ZMCL News Cluster group CEO Bhaskar Das said, “We continue to reach the highest number of consumers across India through our TV channels. Consolidating our position as the largest news network, Zee Media Corporation Limited (ZMCL) reached over 116 million consumers through its 2 national channels and 8 regional channels. Striving to create content differentiator in a me-too market, we are investing strategically into content that aligns with big news events. The increased focus on content has been made possible by robust growth in advertisement revenue. I am also happy to note that the government is favourably viewing broadcasters’ opposition to the whole paradigm on the ad cap regulation.” 

     

    ZMCL CEO Ashish Kirpal Pandit added, “On top of the learning curve of how to make broadcasting operations profitable, we at ZMCL are hopeful that our regional bouquet will stabilize soon and start yielding positive returns. We also expect that the impact of digitization will come into full play very soon. We are confident about the business which will be backed by high quality shows that will hit the screen very soon.”

     

    Watch this space for more…

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

     

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    (3) The consolidated financial results of the Company comprise of financials of following subsidiaries viz. Zee Akaash News Private Limited (60 per cent), Mediavest India Private Limited (100 per cent), Diligent Media Corporation Limited (99.99 per cent), Pri-Media Services Private Limited (100 per cent) and Company’s share in the results of an Associate entity, Maurya TV Private Limited, wherein Company held 37.87 per cent till December 11, 2014 and post December 11, 2014, consequent to further acquisitions, Maurya TV Private Limited became Wholly owned Subsidiary of the Company. 

     

  • Zee Media introduces campaign ‘My Earth My Duty’

    Zee Media introduces campaign ‘My Earth My Duty’

    MUMBAI: True to its commitment towards mother earth, Zee Media Corporation ZMCL) is going forward with fifth edition of its Campaign ‘My Earth My Duty’ (MEMD) beginning 1 August 2014.  The campaign addresses the issue of further degradation of environment, which is vital for our very existence.  It is aimed at sensitizing and encouraging people to take concrete actions towards mitigating the effects of Climate Change and Environmental Degradation.  The objective of the campaign this year is to plant at least 10 Lacs saplings across the country involving citizens from all walks of life including children, women and senior citizens.

     

    MEMD campaign by ZMCL comes in the wake of rising concern about continuous environmental degradation and its adverse impact on entire human kind. It is a clarion call to everyone for joining hands to protect our beloved mother earth.

     

    To amplify the campaign’s message, Zee Media will utilize its pan India strength (bouquet of national & regional channels in 5 different languages) to full capacity. Innovatively packaged, the campaign invites viewers to give a missed call at 08882457575 to register themselves, following which they are to choose how they can contribute their part towards saving mother earth.  These could be Plant A Tree, Adopt A Tree and Option 3 – Others (activities such as car pooling, switching off lights, saving water etc. can be adopted). Participants could log on the website zeenews.com/myearth to know more on the activities.

     

    “This is the fifth consecutive year that ZMCL is organizing the campaign. This shows the commitment and dedication of the entire team at Zee in making our mother earth a better place to live as we cannot afford any further degradation of our mother earth and environment,” said Zee Media Corporation group CEO Bhaskar Das.

     

    In the last decade or so, the country has registered phenomenal economic growth; the consequences of which have been felt drastically on the nature. The growth has taken a toll in form of depletion of natural resources, decrease in green areas and alarming rise in pollution levels. Realising a need for course correction, Zee Media in the year 2010 initiated the very first drive of its kind, ‘My Earth My Duty’ to address the issue of environmental degradation.

     “If we do not address the issue of environment degradation now, it may be too late and our future might be worse than we can even imagine. I feel all of us should become part of the noble campaign and see how best we can work in tandem to retain the beauty that still remains for us to enjoy,” said  Zee Media CEO Samir Ahluwalia.

     

    In a short span of five years, the campaign has been established as India’s biggest environmental awareness initiative. ‘My Earth My Duty’ has found support from the Ministry of Youth Affairs & Sports since its very inception. The uniqueness of the campaign has found resonance even within the allied forces, such as Para- Military forces such as ITBP, CISF, CRPF, BSF, ARMY SCHOOL and ETF who have stepped in to be a part of the process.

     

    Talking on the expectation from the campaign this year, Zee Media VP marketing Rohit Kumar said, “This year’s campaign becomes very significant as we have scaled it up to a new level. By involving key opinion leaders, regulators, Govt bodies, families, friends, we expect the campaign to spark off a big debate about saving environment we all live in! Zee Media is confident that the campaign will have huge participation and involvement from all walks of life and will go a long way in creating a positive as well as healthy environment.” 

     

    Let us join hands together for making the massive campaign ‘My Earth My Duty’ a grand success and each of us should endeavour to become a Green Citizen.

  • Arnab Goswami’s rendezvous with Sir Martin Sorrell

    Arnab Goswami’s rendezvous with Sir Martin Sorrell

    MUMBAI: World’s most respected marketing professional WPP CEO Sir Martin Sorrell and India’s popular news anchor Times Now editor-in-chief Arnab Goswami will meet up this August.

     

    Courtesy, International Advertising Association (IAA), as both will be part of a discussion on 18 August as part of IAA’s Conversations series of the Indian Chapter.

     

    “We find the IAA Conversations offering an excellent opportunity to engage two well-known media professionals in a meaningful dialogue on wide-ranging professional and personal topics. Sir Martin Sorrell, is one of the most important powerful media professionals in the world and our own Arnab Goswami is one of the most popular faces of news television in the country,” said IAA India Chapter and vice president-development Asia Pacific Srinivasan K Swamy.

     

    Event chairperson Dr Bhaskar Das added, “Both Sir Martin Sorrell and Arnab Goswami are great to listen to. And now when they sit together at the IAA Conversations, we are sure to not just have a lively session but also see some interesting insights coming up. People who follow ‘Frankly Speaking with Arnab’ will see a similar program but in a live format. An open-to-audience Q&A will follow the discussion.”

     

    The event will be held at the ITC Grand Central Hotel in Mumbai.