Tag: Chintamani Rao

  • RK Swamy wins Shriram Capital media duties

    RK Swamy wins Shriram Capital media duties

    MUMBAI: RK Swamy Media Group has won the media duties of Shriram Capital, a holding company for the Shriram Group‘s financial services entities, following a multi-agency pitch.

    The size of the account is pegged at around Rs 100-150 million.

    “We perceived RK Swamy‘s strengths in the areas of understanding their clients‘ unique needs and drawing up a positioning framework that appropriately reflects these, thereby creating an excellent platform for distinctly differentiating them in their respective industries,” said Shriram Capital MD GS Sundararajan.

    Shriram Capital is seeking to enhance its brand image. RK Swamy will manage the Shriram Capital campaign across multiple media including print, airport displays, online and television.

    RK Swamy Media Group president Chintamani Rao said, “The main objective is to establish Shriram as the forerunner in building a very successful business based on financial inclusion. The group is a clear leader in its businesses, and it is our objective to communicate its unique business philosophy to the public.”

    RK Swamy Media Group comprises Media Direction, Digital Direction, Hansa Media Services and Hansa Outdoor.

  • Sameer Manchanda is NBA president

    Sameer Manchanda is NBA president

    NEW DELHI: IBN18 Broadcast Ltd joint managing director Sameer Manchanda has been elected President of the News Broadcasters Association (NBA) for the year 2009-10. He succeeds TV Today CEO G Krishnan, who has held the post since the formation of the NBA in 2007.

    NDTV Group CEO KVL Narayan Rao is the vice president while Zee News Ltd CEO Barun Das is the Treasurer.

    The Board of NBA also consists of Krishnan, Times Global Broadcasting CEO Chintamani Rao, Independent News Service chairman Rajat Sharma, and Media Content & Communications Services (India) managing editor Shazi Zaman.

  • ET Now edges past NDTV Profit in metros

    ET Now edges past NDTV Profit in metros

    MUMBAI: ET Now, the two-month old channel from Times Global Broadcasting, has edged past NDTV Profit in the metro markets, the main revenue pull for English business news channels.

    As per Tam data for the week ended 15 August (CS 25+, metros), ET Now has increased its market share to 26 per cent, from prior week’s 21 per cent. NDTV Profit’s channel share has dipped to 21 per cent, from 28 per cent.

    Market leader CNBC TV18’s share has remained unchanged at 47 per cent among the English business news channels, while UTVi is at the bottom of the heap with a measly six per cent share.

    Says Times Global Broadcasting CEO Chintamani Rao, “It is still very early in the life of a channel, but the data for our first eight weeks is trending nicely and we are quite satisfied.”

    Last week, ET Now said it would continue to ramp up distribution in some of the key business markets in India.

    Meanwhile, in the All India market, NDTV Profit (20 per cent share) is still ahead of ET Now (13 per cent), but the difference between the two has come down to 7 per cent only.

    CNBC TV18 is leading in the All India market with a 64 per cent share, while UTVi is lagging way behind with a four per cent share.

  • ET Now edges past UTVi in launch week

    ET Now edges past UTVi in launch week

    MUMBAI: ET Now has overtaken UTVi to land in the third spot among the English business news channels, posing a potential threat to its competitors right from the launch week.

    The channel, with The Economic Times advantage on television, has edged out UTVi both in the All-India market as well as the metros.

    While UTVi’s channel share has dipped from 6 per cent to 4 per cent (All-India) for the week ended 27 June, ET Now has actually doubled its market share to attain the third rank.

    ET Now opened with a three per cent market share pan India and doubled this to six per cent for the week ended 27 May.

    In the metros too, the channel doubled its slice from 4 per cent in the previous week to 8 per cent. UTVi’s channel share, in comparison, fell from 9 per cent to six per cent during the same period.

    So does UTVi foresee a severe damage to its ratings?

    Says UTVi COO Sumit Gupta, “Ratings are a function of both reach and time spent and the only gains that ET has witnessed have come from a reach upside. Time spent per viewer on the other hand is a far more dependable measure for smaller segments.”

    Meanwhile, it seems that the new entrant has also eaten into some share of NDTV Profit which has fallen to 20 per cent across India as against the 25 per cent that it held in the previous week. In the metros too, the channel has seen a dip from 26 per cent to 20 per cent.
    So how does ET Now predict this upward movement?

    Avers Times Global Broadcasting CEO Chintamani Rao, “These are early days for the channel as it is just one week old. I expect to get ourselves in place right now.”

    Interestingly, the period has seen CNBC TV18, the incumbent market leader in the space, take a jump from 66 to 70 per cent in the All-India market. The channel also climbed the ladder to capture 67 per cent of the market (61 per cent last week) in the metros.

    What may be encouraging is that the entry of ET Now is showing signs of expanding the English business news genre market pie.

    According to the latest Tam data (C&S 25+), the genre has seen an upward move in its All-India viewership with a 0.23 per cent market share for the week ended 27 June. The genre had commanded a 0.22 per cent share the previous week.

    In the metros too, the genre share has grown to 0.28 per cent, from 0.27 in the prior week. It is impertinent to note here that the genre had marked a 0.26 per cent share in week 24.

    So what kind of impact does the genre expect with the entry of a new player?

    Says Gupta, “The impact will largely be in terms of a wider choice for the viewer and the advertiser and also an additional buzz that will be created for the segment. All these factors bring in a renewed interest in the older players too. On the ratings side, for a genre that contributes to less than 1 per cent share of viewership, the shift is not expected to be tangible.”

    “The real impact of a new player will be gauged in terms of the differentiated programming that the entrant puts together. Path breaking ideas and new formats will be monitored closely by the industry than anything else,” Gupta adds.

  • ET Now ready to unmute business news

    ET Now ready to unmute business news

    MUMBAI: English business news channel ET Now was launched today with the promotional tagline “unmute business news.”

    Indiantelevision.com had earlier reported that the channel from the Times Global Broadcasting Co Ltd (TGBCL) stable would launch on 22 June.

    Says TGBCL CEO Chintamani Rao, “The Economic Times is India’s premier source of news for and about business and now it’s on television. Together The Economic Times and ET Now have unmatched news gathering prowess and unparalleled access to people who matter in and to business. All day ET Now will bring viewers not just market data but a 360-degree understanding of the markets, with news, analysis and commentary for investors and market professionals. And, of course, with the credibility of The Economic Times.”

    On the programming front, ET Now will focus on the markets during morning hours, interspersed with regular business updates and bulletins on leading business and corporate developments of the day.

    The channel will commence the day with Morning Mantra at 7 am to air exclusive ET stories. At 9 am there will be Pitch Report, to be followed by Opening Shots at 9.30 am hinting at the market moves.

    At 12.30 pm a show on personal portfolio will come in From The Stands to be followed by Closing Shots at 2 pm. Garam Masala, a show on commodities, will follow next at 4 pm.

    Markets Tomorrow at 5.30 pm will review the day’s activity to crack the maket code for ‘tomorrow’. At 8 pm, ET Now will recap the day’s biggest corporate stories with Business First while ET Inc at 9 pm will get an in-depth analysis of the biggest and most important stories of the day. 10 pm, meanwhile, will be the time to look at the 10 biggest stories of the day across Indian and global business, politics, entertainment and sports with Top 10 @ 10.

    On weekends, the channel programming will offer a blend of features, special reports and reviews covering diverse subjects ranging from technology and automobiles to marketing and advertising.

  • Times Global Broadcasting plans to raise $50 mn via stake sale

    Times Global Broadcasting plans to raise $50 mn via stake sale

    MUMBAI: Times Global Broadcasting Corporation Ltd, which is readying to launch business news channel ET Now, is on the hunt for an investor to raise close to $50 million (Rs 2.5 billion).

    The company is looking at a dilution of 25-26 per cent equity and has mandated UBS Securities India to help in this pursuit, sources say. When TGBCL launched the English general news channel, it had roped in Reuters as a strategic partner with a 26 per cent holding.

    The valuation at around $200 million (Rs 10 billin) seems to be steep at a time when the market cap of media companies has contracted in the wake of a global financial turmoil.

    When contacted, both Times Global Broadcasting CEO Chintamani Rao and UBS Securities declined to comment.

    TGBCL has suffered a net loss of Rs 720 million on a revenue of Rs 643.2 million for FY’08, according to a presentation made to potential investors. The estimated loss for FY’09 is Rs 1.15 billion on a turnover of Rs 931.2 million.

    The company recently signed an agreement with Reuters to source financial and business content for ET Now. Last year, Reuters divested its 26 per cent stake in Times Global Broadcasting.

  • IPL resolves dispute with news broadcasters

    IPL resolves dispute with news broadcasters

    NEW DELHI: Five and half minutes of news footage of the Indian Premier League will now be available on all the news channels as the News Broadcasters Association (NBA) and IPL authorities have met and resolved the issue.

    The channels will have to pay nothing for up to that duration to the IPL match footage, sources said.

    Some of the news channels today, when the blackout entered its second day, started making the visual announcement in faded fonts across the screens, that IPL news will now be available.

    Times Now CEO Chintamani Rao, who is the chief negotiator for the NBA on this issue, told indiantelevision.com, “NBA and IPL have met and resolved the issues. The negotiation ended last night.”

    Asked whether the IPL authorities have agreed to give the news clippings footage free of cost, Rao refused to divulge the arrangement. “All I want to say is that we have resolved all issues and the case is closed. IPL news will be back on the news channels,” Rao said.

    However, industry sources said that though the news channels had demanded seven minutes of free news clips per match, and the IPL had refused anything gratis, the final agreement is that the news channels will get five and half minutes of free footage from all IPL matches

    This followed a protracted negotiation that lasted more than two days after the NBA went blank on IPL news from the midnight of 15 April.

    IPL had already agreed to the terms and conditions of the newspapers and news agencies regarding use of photographs taken by them at the mega sporting event.

  • Chintamani Rao to replace Sunil Lulla as Times Now CEO

    Chintamani Rao to replace Sunil Lulla as Times Now CEO

    MUMBAI: Chintamani Rao has been appointed CEO of Times Global Broadcasting – Bennett, Coleman & Co Ltd’s broadcast arm that owns and operates English news channel Times Now.

    Rao replaces Sunil Lulla, who has resigned as of Thursday and is joining production house and soon to be broadcaster Miditech.

    When contacted, Rao would only say, “I will reveal my plans within the next four weeks.”

    Times Group officials were unavailable for comment at the time of filing this report.

    It was last Friday that it was announced that Rao had resigned from the post of CEO of Rajat Sharma’s Independent News Service (INS), which owns and operates Hindi news channel India TV. A media industry veteran with over 30 years in the business, Rao joined India TV in September 2005 from Universal McCann Integrated Communications, where he was president.

  • India TV CEO Chintamani Rao quits

    MUMBAI: Chintamani Rao has resigned from the post of CEO of Rajat Sharma’s Independent News Service (INS), which owns and operates Hindi news channel India TV.

    While confirming his resignation, Rao refused to give any indication as to where his next port of call would be. “I will reveal my plans within the next four weeks,” was all he was willing to offer.

    Rao’s exit comes close on the heels of India TV managing editor Rohit Bansal’s elevation last week to INS COO. The post is a newly created one.

    India TV chairman Rajat Sharma said , “India TV has achieved the big league in the Hindi News genre in the last one year on the back of innovative news programming and a strong distribution push. A strong team is ready andeager to achieve the next level in sales and branding.”

    Rao, an advertising veteran of more than three decades before he joined India TV said, “It will be very satisying to see India TV and brand Rajat Sharma becoming bigger.”

  • Hindi news channels see tough Muqabala

    Hindi news channels see tough Muqabala

    India TV CEO Chintamani Rao says, “For India TV, it has been a good year. Two years ago we were number six or seven in the news channel category, with a five to six per cent share; today we are number three with a 17-18 per cent share. “

     

    In 2007, Zee News was not steady in the numbers game starting the year with 13 per cent and ended with 10 per cent. With an annual average of 11.54 per cent, Zee News had its best runs of 14 per cent in the February and April period. From May with 12 per cent.

     

    It reached it’s lowest ebb of 9 per cent in September. Mid-September, incidentally, was also a time when the channel was headless after Harish Doraiswamy resigned from the CEO’s position, following which MCCS executive vice-president Barun Das was roped in as CEO.

     

    Global Broadcast News’ IBN7 has an average annual share of 10.5 per cent, opening the account with 9 per cent in January. Though low in its numbers, IBN7 has been consistent, with the figures ranging between 9 to 12 per cent market share.

     

    Ashutosh says, “About my own channel, we can say that we were bold enough to stand our ground saying. Whatever rubbish is going on the other channels, let them do it, but we shall not do that. I won’t say we have been 100 per cent successful, but very, very successful and I am proud that we are probably the only Hindi news channel that can call itself a news channel.”

     

    He asserts, “We provoked ourselves to get news in the right perspective. We have been aggressive and this has given us excellent results, maybe not in terms of ratings, but in terms of perception. We have severely shaken up the political establishment repeatedly. “

     

    Among the news broadcast majors though, it is NDTV India in particular that would like to leave behind 2007 as far as market share is concerned. Its average for the year – a highly disappointing 9.5 per cent. In January it was at 13 per cent, but drastically fell from June on when it stood at 9 per cent. In an attempt to get more eyeballs, NDTV India forayed into fiction by launching its weekly series Bombay Lawyers in July. It got only 8 per cent each in July and August, managed some uplift in September to 9 per cent, but slipped back to 8 per cent again in November and December.

     

    In August, NDTV India saw a major change in leadership when Dibang stepped down as the managing editor. In his place, senior staffers Sanjay Ahirwal and Manish Kumar were entrusted with the responsibility of overseeing the day-to-day news operations of the channel.

     

    Narayan Rao says, “In terms of rating you have Aaj Tak at the top and then Star News and some others high up, but in terms of revenue we are still there right at the number two position. Ultimately, no advertiser would like to spend money beyond a point on such shows. So, if there has been an impact on viewership, there is no significant impact on revenues.”

     

    Punya Prasun Bajpai’s taking over the content, the channel getting a revamp with a fresh look and feel and even changing its name could hardly contribute anything to Sahara’s national Hindi news channel Samay. With an annual average market share of 5.1 per cent, the month-on-month figures have hovered around 4 to 6 per cent.

     

    Likewise Broadcast Initiative’s Live India re-positioning itself from a views channel to a news channel and its re-christening could not however save it from hitting rock bottom. Soon after being re-launched it was slapped a month’s ban for a sting operation gone horribly wrong. However, it can take solace from the fact that it had 1 per cent market share in January, which has gone up to 4 per cent at the close of the year.

     

    DD News on the other hand does not have a success story to its credit. DD News has to be satisfied with an annual average of 3.3 per cent of the market share.

     

    Whatever the figures say though, news broadcasters across the board agree unanimously that there has been a lot of compromise in content.

     

    Naqvi says, “No doubt, television news industry has grown at such a frantic pace, that it has created certain pitfalls. All out efforts in the past year were made to grab viewership. In this mad race, at times content was compromised and true journalism took a back seat. Compounding this malady, mushrooming news channels tended to water down the impact of many meaningful news reports.”

     

    Rao says, “If it says that on a certain night some news channel was number one, then more or less it works that way. It is another matter that that news channel was then showing a sex show. But that is for the viewer to decide. If he wants to see a sex show in news, it is his choice.”

     

    In the same breath news broadcasters also believe that “it is going to be hard hitting, proper investigative journalism that will have to come back to the news channels.”

     

    2008 would require the Hindi news channel market already flooded with more than 10 channels to accommodate a long list of channels waiting in the wings. B.A.G Films and Media News24 is the first one in the fray, with many others to follow in the year.