ITV

Tag: charge

  • Carat India CEO Meenakshi Madhvani to bid adieu to her charge

    MUMBAI: Meenakshi Madhvani, designated CEO, Carat Media Services India, is moving on. There is no information on Madhvani’s future moves but sources claim that she is heading abroad. Unconfirmed reports at the time of writing are that she may be even higher up in the Carat Media hierarchy.

    Indian media independent Carat is believed to have a turnover of Rs 3 billion and its sister agency Carat Integra (a joint venture which handles the business of Percept Advertising) has a turnover of Rs 1.5 billion.

    Carat Asia Pacific CEO David Liu briefed the Carat India team about this new development today. Sulina Menon, who is currently heading the Delhi office, has been appointed as CEO with immediate effect. Pratibha (Pat) Vinayak and Gita Ram have been promoted as general managers in charge of the Mumbai office. Recently, Shripad Kulkarni who owns M:Ideas was appointed as CEO of Carat Integra.

    Madhvani was appointed head of Carat when it started operations in India in 1997. She assumed charge of Carat at a time when the concept of media specialist agencies was very new in India. Very few ad agencies, leave alone advertisers, had an understanding of the functioning of a media specialist major.

    The fiesty Madhvani, however, took this environment as a challenge. She nurtured the startup, Carat, gradually creating awareness and educating the media and advertising community on outsourcing media planning and selling to and independent agency. She not only ensured that the agency managed to stay afloat but that it also grew at a scorching pace.

    Her varied experience stood her in good stead. Initially, with Lintas as part of the account management team on Hindustan Lever Limited – one of the savviest users of media. She later hopped on to the media side at Zee Telefilms. There she headed the fledgling but rapidly growing network’s ad sales.

    In 1999, Madhvani was elevated to Carat’s Asia Pacific Executive committee, an exclusive 12-member team which is responsible for steering the agency.

    In India, Carat handles clients such as Cadburys, Asian Paints amongst others. Carat Asia Pacific is amongst the top ten largest media specialist network in Asia Pacific.

  • Zoom business head Balvani tipped to take charge of Zee Music

    MUMBAI: More action from the Zee stable. The latest being that Zoom’s business head Irshwin Balvani is slated to join Zee Music as business head come 1 June.
     

    Sources high up at Zee Telefilms confirmed the development.
    When contacted, Balwani, however, refused comment.

    The Zee Music business head position has been vacant for over a month now, with former business head Bharat Ranga, focussing on Zee Cinema now.

    Additionally, with former programming head Niyati Shah having quit to join Sify Broadband as head of the content and marketing, Zee Music is also on the lookout for someone to fill Shah’s position.
     
     

    Zee Music in 2003 underwent a complete makeover with a new look and a host of new shows as part of an overall effort to rejuvenate its content to take on MTV and Channel [V].

    Balvani has been with Zoom from its inception and has been with the Times Group for seven years now.

  • Panamsat reports marginal rise in Q2 revenue

    MUMBAI: Satellite operator Panamsat has reported financial results for the second quarter ended 30 June 2004. The company generated revenues of $206.8 million compared to $203.6 million in the second quarter of 2003.

    For the six months ended 30 June 2004, total revenues were $412.3 million compared to $403.3 million for the same period last year. Operating lease revenues were $202.7 million for the second quarter of 2004 compared to $199.4 million for the same period last year. The increase in operating lease revenues was primarily attributable to additional government services revenues related to the company’s government services operating segment and an increase in network services revenues related to data services within the Middle East and Vsat applications in North America.

    On the flip side, these increases were partially offset by lower video services revenues primarily due to customer credit-related issues in international regions. Earnings per share (EPS) for the second quarter of 2004 were $0.07 per share compared to EPS of $0.20 for last year’s second quarter.

    The primary reason for the reduction in EPS was a non-cash charge of approximately $29.6 million recorded in the second quarter of this year. This charge related to the write-off of a customer’s receivable balance. Panamsat had terminated the customer’s agreement citing non-payment.