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Tag: CMM Broadcasting Network

  • CMM Broadcasting posts slim profits for JQ 2002-3, shifts to PAS-10, reaches the UK

    CMM Broadcasting posts slim profits for JQ 2002-3, shifts to PAS-10, reaches the UK

    MUMBAI: CMM Broadcasting Network, the company that runs the CMM music channel and faith channel Aastha, has declared a net profit of Rs 2,97,000 for the JQ 2002-3, up a whopping 37 per cent from the figure of Rs 2,17,000 for the corresponding period last year.

    Net sales from operations have increased 8 per cent to Rs 12.57 million up from Rs 11.58 million, total income has gone up marginally by 1 per cent from Rs 18.07 million to Rs 17.88 million. The company’s staff costs have risen considerably, from Rs 4,62,000 last year to Rs 7,73,000 in the quarter just ended. But tight control over other expenditure has enabled it to show a rise in its net.

    CMM, the company’s digital free to air music channel and Aastha have recently shifted to PAS 10, says the company. Earlier available in 156 countries globally, Aastha and CMM are now available in an additional four countries, the important addition being UK, home probably the largest Indian diaspora. 

    The changeover will enable CMM Broadcasting Network to fulfill the longstanding demands of Indian-descent UK residents, says the management. Though available as a free-to-air channel there currently, it is slated to become a pay service over time. 

    PanAmSat’s fleet of spacecraft will also enable Aastha reach viewers in the USA too shortly, says the channel.

  • CMM Broadcasting posts slim profits for JQ 2002-3, shifts to PAS-10, reaches the UK

    MUMBAI: CMM Broadcasting Network, the company that runs the CMM music channel and faith channel Aastha, has declared a net profit of Rs 2,97,000 for the JQ 2002-3, up a whopping 37 per cent from the figure of Rs 2,17,000 for the corresponding period last year.

     

    Net sales from operations have increased 8 per cent to Rs 12.57 million up from Rs 11.58 million, total income has gone up marginally by 1 per cent from Rs 18.07 million to Rs 17.88 million. The company’s staff costs have risen considerably, from Rs 4,62,000 last year to Rs 7,73,000 in the quarter just ended. But tight control over other expenditure has enabled it to show a rise in its net.

     

    CMM, the company’s digital free to air music channel and Aastha have recently shifted to PAS 10, says the company. Earlier available in 156 countries globally, Aastha and CMM are now available in an additional four countries, the important addition being UK, home probably the largest Indian diaspora.

     

    The changeover will enable CMM Broadcasting Network to fulfill the longstanding demands of Indian-descent UK residents, says the management. Though available as a free-to-air channel there currently, it is slated to become a pay service over time.

     

    PanAmSat’s fleet of spacecraft will also enable Aastha reach viewers in the USA too shortly, says the channel.

  • Aastha channel to beam in UK, US, Canada

    Aastha channel to beam in UK, US, Canada

    Indian spiritual channel Aastha will soon be spreading its wings to the UK, USA and Canada.

    According to Kirit Mehta, promoter of CMM Broadcasting Network Limited, which runs the digital channel: “Plans are at an advanced stage to distribute Aastha channel in the UK, USA and Canada, since there is much demand for this channel in these countries.”

    “Currently these three countries are not being covered through the present global beam of Thaicom-3. Several interested parties from these countries have approached us with telecast offers, after we telecasted a few live programmes covering these regions.

    “We are also in the process of turning the Aastha channel into a pay service by teaming up with DTH and multiple system operators in these countries as well as in countries which are presently being covered through Australia, New Zealand, South Africa, West Asia, Hong Kong, Singapore, Mauritius, Maldives and Sri Lanka.”

    In India, Aastha has a higher viewership than CNBC, CNN, Hallmark and Jain TV, a company release states. Most of these numbers however, are not in the cities but come from the rural populace.

    On the international arena, CMM Music, the other channel under the CMM label, claims higher viewership than rivals Zee Music, B4U and Channel V.

    Aastha and CMM Music have a programme library of over 8,000 and 4,000 hours respectively, the release says.

    CMM has also announced that Ernst & Young has been appointed to value the intrinsic worth of the channels. The company is hopeful that the valuation exercise will help rope in more strategic investors.

    If this happens, the channels will be able to make good on their aggressive expansion plans.