ITV

Tag: Chairman

  • Prasar Bharati bids farewell to chairman A Surya Prakash

    Prasar Bharati bids farewell to chairman A Surya Prakash

    MUMBAI: Pubcaster Prasar Bharati bid adieu to chairman A Surya Prakash in its 159th board meeting. Information and broadcasting minister Prakash Javdekar expressed his thanks and appreciation on Prakash’s completion of two consecutive terms in the office & felicitated him by remembering his valuable contribution to the organisation.

    The pubcaster's CEO Shashi Shekhar Vempati expressed, “On behalf of the entire @prasarbharati family would like to thank Chairman Dr A Suryaprakash for his leadership, mentorship, sagely wisdom and uncompromising commitment to the Institutional Integrity of Prasar Bharati over the past several years.”

    He further said, “India's public broadcaster was adrift for more than a decade after it came into being as a statutory autonomous corporation. It was only after Prakash’s chairmanship that it has been firmly put on the path of modernisation as a 21st Century Public Media Corporation. This has been possible singularly because of Prakash’s progressive creed to infuse professional talent into the public broadcaster and his forward thinking on the need for the public broadcaster to be come digitally savvy.”

    Vempati also expressed that many of Prasar Bharati's long pending knotty problems have been solved under his stewardship over the past few years with the board, ministry and management working in synergy with the oneness of mind and purpose. He will always be remembered for having stood like a rock in preserving Prasar Bharati's autonomy during testing times with the Institution emerging ever stronger as it strives to modernise and transform itself.

    “Personally Prakash was a source of strength during turmoil and a voice of caution during impetuous moments. He will be sorely missed as he looks ahead to his next innings in public life with several more books and columns waiting to flow from his pen. Our best wishes to him and thanks and regards to his family who were kind enough to spare him for the cause of Public Service Broadcasting over the past several years,” Vempati concluded.

    Prasar Bharati twitted, “Prasar Bharati Parivar conveys its warm wishes to its Chairman @mediasurya, who served two consecutive terms as the head of the Board. CEO @shashidigital & Member (F) @raj3eev felicitated him with a token of appreciation."

  • BSNL offers cheaper data, free calls; Rs 1250 crore subsidy approved

    BSNL offers cheaper data, free calls; Rs 1250 crore subsidy approved

    NEW DELHI: State-run Bharat Sanchar Nigam Ltd. (BSNL) soon plans to reportedly bring a plan which will give neck and neck competition to Reliance Jio. BSNL chairman and managing director Anupam Shrivastava said that the was closely observing Jio’s performance and the market.

    Plans being considered by BSNL are — lifetime free-voice-tariff plans from January 2017 at Rs 2-4 cheaper than Jio’s offering. (Jio’s entry price is Rs 149) Free voice calls to all BSNL users including 3G and 2G. Mobile customers with broadband can also avail this offer. BSNL users can use home broadband to route outgoing mobile calls through the landline network.

    BSNL subsidy

    Meantime, the Indian cabinet has approved a compensation of Rs.1,250 crore for the deficit incurred in operating rural landline connections installed before April 1, 2002. The subsidy support to BSNL will be paid from the Universal Service Obligation Fund (USOF). The USOF, since inception in 2002, has provided subsidy to BSNL for the rural wireline connections installed prior to April 2002. A total of Rs.8,692 crore has been extended as USOF subsidy support till date.

  • BSNL offers cheaper data, free calls; Rs 1250 crore subsidy approved

    BSNL offers cheaper data, free calls; Rs 1250 crore subsidy approved

    NEW DELHI: State-run Bharat Sanchar Nigam Ltd. (BSNL) soon plans to reportedly bring a plan which will give neck and neck competition to Reliance Jio. BSNL chairman and managing director Anupam Shrivastava said that the was closely observing Jio’s performance and the market.

    Plans being considered by BSNL are — lifetime free-voice-tariff plans from January 2017 at Rs 2-4 cheaper than Jio’s offering. (Jio’s entry price is Rs 149) Free voice calls to all BSNL users including 3G and 2G. Mobile customers with broadband can also avail this offer. BSNL users can use home broadband to route outgoing mobile calls through the landline network.

    BSNL subsidy

    Meantime, the Indian cabinet has approved a compensation of Rs.1,250 crore for the deficit incurred in operating rural landline connections installed before April 1, 2002. The subsidy support to BSNL will be paid from the Universal Service Obligation Fund (USOF). The USOF, since inception in 2002, has provided subsidy to BSNL for the rural wireline connections installed prior to April 2002. A total of Rs.8,692 crore has been extended as USOF subsidy support till date.

  • NBC Broadcasting to restructure exec suites as chairman exits

    NBC Broadcasting to restructure exec suites as chairman exits

    MUMBAI: US-based NBC Broadcasting chief Ted Herbert is stepping down from his role as the chairman after 40 years in the industry. Herbert was key adviser to NBCUniversal chief Steve Burke. He saw a wide swath of territory including local advertising sales, the network’s owned television stations, affiliate relations and distribution of NBC-owned content.

    He was in the position since 2011 when Comcast Corp. completed its acquisition of NBCUniversal. Prior to that, he ran the E! cable network for Comcast.

    With this exit, Burke plans to restructure the executive suites at the network. NBC Sports Group chairman Mark Lazarus will take on Harbert’s title to become chairman of NBC Broadcasting and Sports. He will oversee affiliate relations, advertising and the owned-TV stations. Harbert other duties will be spread to other execs

    The syndication business will be overseen jointly by senior entertainment executives George Cheeks and Paul Telegdy.

    NBCUniversal Global Distribution chairman Kevin MacLellan will add domestic and new media distribution of NBC content to his responsibilities. Maggie McLean Suniewick has been named president of digital enterprises, which is a unit focusing on strategy and development in the digital space.

  • NBC Broadcasting to restructure exec suites as chairman exits

    NBC Broadcasting to restructure exec suites as chairman exits

    MUMBAI: US-based NBC Broadcasting chief Ted Herbert is stepping down from his role as the chairman after 40 years in the industry. Herbert was key adviser to NBCUniversal chief Steve Burke. He saw a wide swath of territory including local advertising sales, the network’s owned television stations, affiliate relations and distribution of NBC-owned content.

    He was in the position since 2011 when Comcast Corp. completed its acquisition of NBCUniversal. Prior to that, he ran the E! cable network for Comcast.

    With this exit, Burke plans to restructure the executive suites at the network. NBC Sports Group chairman Mark Lazarus will take on Harbert’s title to become chairman of NBC Broadcasting and Sports. He will oversee affiliate relations, advertising and the owned-TV stations. Harbert other duties will be spread to other execs

    The syndication business will be overseen jointly by senior entertainment executives George Cheeks and Paul Telegdy.

    NBCUniversal Global Distribution chairman Kevin MacLellan will add domestic and new media distribution of NBC content to his responsibilities. Maggie McLean Suniewick has been named president of digital enterprises, which is a unit focusing on strategy and development in the digital space.

  • TV18 Q1 2016-17: New investments lead to losses

    TV18 Q1 2016-17: New investments lead to losses

    MUMBAI: When you invest in new launches, relaunches, on talent and digital products without additional cash being pumped in, it obviously is going to hurt your bottom-line.

    That’s exactly what’s happened to TV18 Broadcast, which has reported a consolidated segment revenue (including proportionate share of joint ventures considered for segment reports) of Rs 606.7 crore in Q1 to June 2016 as compared to Rs 596.7 core in the year ago period. But it has turned out a loss of Rs 14.1 crore as against a profit of Rs 8.6 crore in the same period last year.

    Rebranding and relaunching of CNN-IBN as CNN-News18 cost the company Rs 3.5 crore. Three new news channels – News18 Kerala, News18 Tamil, News18 Assam/NE were flagged off in April 2016 and contributed Rs 13.9 crore to its operating losses. Rishtey CinePlex and over the top service Voot, which were launched in May 2016, and HD channels in Marathi, Kannada and Bangla that made a debut under Viacom18 in the quarter helped add to the aggregate operating losses to the tune of Rs 29.2 crore. Finally, factual entertainment channel FYI from the AETN18 stable launched 10 days ago reported a loss of Rs 5.4 crore which has been included in the April-June quarter.

    The company says that the segment loss before tax and before interest including performance of the joint ventures stands at Rs 19.1 crore. If one were to exclude the impact of these new initiatives , the segment profit for the business is at Rs 32.9 crore.

    TV18 has also moved to the Indian accounting standards (Ind-AS) from 1 April 2016 and it has restated its comparative results. Under this, its joint ventures Viacom18, Indiacast, and IBN Lokmat have been accounted under the equity method, the company says.

    Additionally, the company had included the financials of Prism TV Private Ltd as a subsidiary in the previous corresponding quarter but which have now been reported as a joint venture from August 2015 when it ceased to be an offshoot.

    Under Ind-AS (accounting for JVs under equity method), TV18’s consolidated revenue stands at Rs 210.7 crore in Q1 2016-2017 as against Rs 273.1 crore in the previous corresponding quarter.

    The company states that if one were to consider the operations of TV18 on a like for like basis, after factoring the change in status of Prism TV from a subsidiary to a joint venture, the growth in revenue is 18 per cent even as the operating loss is down to Rs 19 crore from Rs 22.2 crore in Q1 June 2015.

    TV18 chairman Adil Zainulbhai states in the earnings release that it is bullish about the media business – both linear and digital – and is investing heavily in it to position it for leadership. “…to be ahead of the curve…The results of these investments are starting to bear fruit and will help in healthy revenue growth and profits in the near future,” he says.

    The stock market seems to have taken the financial results and statements with a pinch of salt during trading hours. The TV18 stock shed some 13.5 per cent and closed at Rs 40.70 when trading ended.

  • TV18 Q1 2016-17: New investments lead to losses

    TV18 Q1 2016-17: New investments lead to losses

    MUMBAI: When you invest in new launches, relaunches, on talent and digital products without additional cash being pumped in, it obviously is going to hurt your bottom-line.

    That’s exactly what’s happened to TV18 Broadcast, which has reported a consolidated segment revenue (including proportionate share of joint ventures considered for segment reports) of Rs 606.7 crore in Q1 to June 2016 as compared to Rs 596.7 core in the year ago period. But it has turned out a loss of Rs 14.1 crore as against a profit of Rs 8.6 crore in the same period last year.

    Rebranding and relaunching of CNN-IBN as CNN-News18 cost the company Rs 3.5 crore. Three new news channels – News18 Kerala, News18 Tamil, News18 Assam/NE were flagged off in April 2016 and contributed Rs 13.9 crore to its operating losses. Rishtey CinePlex and over the top service Voot, which were launched in May 2016, and HD channels in Marathi, Kannada and Bangla that made a debut under Viacom18 in the quarter helped add to the aggregate operating losses to the tune of Rs 29.2 crore. Finally, factual entertainment channel FYI from the AETN18 stable launched 10 days ago reported a loss of Rs 5.4 crore which has been included in the April-June quarter.

    The company says that the segment loss before tax and before interest including performance of the joint ventures stands at Rs 19.1 crore. If one were to exclude the impact of these new initiatives , the segment profit for the business is at Rs 32.9 crore.

    TV18 has also moved to the Indian accounting standards (Ind-AS) from 1 April 2016 and it has restated its comparative results. Under this, its joint ventures Viacom18, Indiacast, and IBN Lokmat have been accounted under the equity method, the company says.

    Additionally, the company had included the financials of Prism TV Private Ltd as a subsidiary in the previous corresponding quarter but which have now been reported as a joint venture from August 2015 when it ceased to be an offshoot.

    Under Ind-AS (accounting for JVs under equity method), TV18’s consolidated revenue stands at Rs 210.7 crore in Q1 2016-2017 as against Rs 273.1 crore in the previous corresponding quarter.

    The company states that if one were to consider the operations of TV18 on a like for like basis, after factoring the change in status of Prism TV from a subsidiary to a joint venture, the growth in revenue is 18 per cent even as the operating loss is down to Rs 19 crore from Rs 22.2 crore in Q1 June 2015.

    TV18 chairman Adil Zainulbhai states in the earnings release that it is bullish about the media business – both linear and digital – and is investing heavily in it to position it for leadership. “…to be ahead of the curve…The results of these investments are starting to bear fruit and will help in healthy revenue growth and profits in the near future,” he says.

    The stock market seems to have taken the financial results and statements with a pinch of salt during trading hours. The TV18 stock shed some 13.5 per cent and closed at Rs 40.70 when trading ended.

  • Essel Group Chairman Dr Subhash Chandra files nomination for Rajya Sabha seat from Haryana

    Essel Group Chairman Dr Subhash Chandra files nomination for Rajya Sabha seat from Haryana

    MUMBAI: Media Mogul and the chairman of Essel group Dr. Subhash Chandra Goel has filed nomination for the second Rajya Sabha seat that fell vacant from his home state Haryana, as an independent candidate. Along with him is lawyer R K Anand.

    The biennial elections to the upper house are scheduled to be held on June 11 and 31 May was the last date for filing nomination. While Chandra claimed to have garnered support from the ruling BJP and some MLAs cutting across party lines, main opposition Indian National Lok Dal threw its weight behind Anand, who has fought the Lok Sabha election in the past as an INLD candidate. However, Anand at present is not a member of INLD, as per a party leader quoted by Zee News.

  • Essel Group Chairman Dr Subhash Chandra files nomination for Rajya Sabha seat from Haryana

    Essel Group Chairman Dr Subhash Chandra files nomination for Rajya Sabha seat from Haryana

    MUMBAI: Media Mogul and the chairman of Essel group Dr. Subhash Chandra Goel has filed nomination for the second Rajya Sabha seat that fell vacant from his home state Haryana, as an independent candidate. Along with him is lawyer R K Anand.

    The biennial elections to the upper house are scheduled to be held on June 11 and 31 May was the last date for filing nomination. While Chandra claimed to have garnered support from the ruling BJP and some MLAs cutting across party lines, main opposition Indian National Lok Dal threw its weight behind Anand, who has fought the Lok Sabha election in the past as an INLD candidate. However, Anand at present is not a member of INLD, as per a party leader quoted by Zee News.

  • The Ad Club and AAAI reveal The Awards Governing Council for Goafest 2016

    The Ad Club and AAAI reveal The Awards Governing Council for Goafest 2016

    MUMBAI: The Advertising Club and Advertising Agencies Association of India has announced Canco Advertising founder Ramesh Narayan  as the  chairman of the Awards Governing Council for Goafest 2016.

     

    Announcing the appointment, The Advertising Club president Raj Nayak said, “We are pleased to announce that Ramesh Narayan will be the Chairman of the Awards Governing Council of the Goafest. He brings his unique experience as one of the very few people who has been President of the Advertising Club and the Advertising Agencies Association of India (AAAI) to this post. He has also been Chairman of the Abby Awards Committee twice, and was the first Indian to judge the Effie Awards finals in New York. Ramesh is the only person to have been conferred the Lifetime Achievement Award by the AAAI and been inducted into the International Advertising Association’s Hall of Fame.” 

     

    Goafest Organizing Committee chairman Nakul Chopra commented on the appointment saying, “I’ve known Ramesh as a visionary leader who embraces change and is open to new ideas. I’m sure his appointment means an interesting phase for the Council is on the anvil.”

     

    Narayan too added, “I’m humbled by this appointment. It fills me with immense happiness to be part of such an esteemed panel. There’s a lot to learn and grow, and I’m sure I’ll be able to add value to the Council. I look forward to reaching out to all stakeholders and getting their suggestions on how to make this the gold standard for awards.”

     

    The other members elected to the Council are:

     

    Chairman (CEO, Publicis South Asia & Vice President) of Goafest Organizing Committee — Nakul Chopra

    President Advertising Agencies Association of India (AAA’s of I) & Advisor, FCB Ulka Advertising-  Ambi M G Parameshwaran

    Chairman and CEO at Dentsu Aegis Network –  Ashish Bhasin

    President, Sony Pictures Networks -Rohit Gupta

    CEO at Group M, South Asia – CVL Srinivas

    CEO at Mediabrands –  Shashi Sinha

    CEO at Percept H Pvt. Ltd. – Ajay Chandwani

    National Head, Sales, English Cluster at Viacom18 – Namrata Tata

    Chief Executive Officer at Contract Advertising – Rana Barua