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Tag: CNBC-TV18

  • Global Broadcast News sets Rs 230-250 price band for public issue

    Global Broadcast News sets Rs 230-250 price band for public issue

    MUMBAI: Global Broadcast News Ltd, owners and operators of English news channel CNN-IBN, has set a price band of Rs 230 to Rs 250 for its Rs 1.05 billion initial public offering (IPO).

    The issue will open on 15 January and close on 18 January. The proceeds of the IPO will be used to meet the company’s growth plans and to complete the acquisition of Hindi channel IBN-7.

    “This is the second company we are taking to the markets. All future channel launches, which will be in the general news space will be through this company,” TV18 managing director Raghav Bahl said at an analysts meet in Mumbai today. TV18, which holds the business channels CNBC TV18 and CNBC Awaaz, was listed late last month after being restructured to meet regulatory guidelines.

    GBN will also hold 15 per cent in Web18, the company that holds all the internet properties of TV18.

    After the listing, foreign institutional investors will have a limit of investing upto 18 per cent. “GBN will have a foreign holding of eight per cent through Network18. This will mean that FIIs can hold 18 per cent in GBN,” Bahl clarified. Regulation permits news channels uplinking from India to have a maximum foreign holding of 26 per cent.

    The IPO is lead managed by ICICI Securities and Kotak Mahindra Capital Company Ltd. The co-book running lead managers to the issue are JM Morgan Stanley and IL&FS Investment.

  • Ras-Al-Khaimah to host CNBC-TV18 CFO Awards

    MUMBAI: CNBC – TV18 have instituted for the first time an award for chief financial officers (CFOs) of India Inc., in recognition of the contribution that they have made towards the outstanding success of their organisations. The CNBC-TV18 CFO Awards 2006 will be held on 25 and 26 November at The Hilton, Ras-Al-Khaimah (RAK), UAE.

    RAK crown prince Shaikh Saud, RAK chairman Shaikh Faisal, Ministry of Economics HOD Shaikha Lubna will preside over the event and award the winners of the CFO Awards. The CFO of a company is primarily responsible for managing the financial risks of a business and also for financial planning and record-keeping. In recent years, however, the role has expanded to encompass communicating financial performance and forecasts to the analyst community, according to an official release.

    Working tirelessly behind the scenes, CFOs create wealth for organizations, stakeholders and customers. CNBC-TV18’s CFO Awards for the first time recognizes the experts who generate profits for India Inc’s most revered companies.

    The winners of the CNBC-TV18 CFO Awards, India’s most definitive awards for excellence in the financial field, will be selected after an extensive three -stage selection process.

    Nominations for these prestigious awards have been arrived at after a comprehensive quantitative research of India’s best businesses. Some of the nominations received for the awards are of famous industry stalwarts and well known CFOs of buoyant companies like KC Birla, (UltraTech), Moses Elias (Colgate), D.D. Rathi (Grasim), S. Radhakrishnan (Cipla), Ram S. Ramasundar (Ranbaxy) and Rajiv Rattan (Indiabulls Financial Services Ltd).

    A poll amongst senior management in corporate India and special industry groups will further shortlist the nominations. Eminent jury comprise Infosys Technology LTD director-HR & ENR TV Mohandas Pai, FPSB India chairman Shailesh Haribhakti, AV Brila Group CFO Sumant Sinha, Deloitte Haskins and Sells joint managing partner Dileep Choksi, ICICI Securities LTD MD Subrata Mukherji and HDFC MD Keki Mistry have been appointed to select winners in different award categories in the third stage

    Commenting on the CNBC-TV18 CFO Awards 2006, a spokesperson of CNBC-TV18 said, “The CFO’s function has transformed beyond recognition in recent years. Today’s CFO faces immense challenges from regulators, standard setters, investors and other stakeholders. These Awards will provide an in-depth insight into the best practices adopted by industry’s top CFOs across sector while benchmarking successful strategies that would help organizations across industries to enhance and maximize its potential. India Inc’s top CFOs have successfully structured their finance departments towards sustainable growth and these awards will assist in shaping the agenda for the finance function of the future.”

    Categories for the CFO Awards are:
    best CFO in the following Sectors
    · Auto & Auto Ancillaries
    · Telecommunication Sector
    · FMCG Sector
    · Healthcare Services
    · Financial Services
    · IT & ITES sector
    · Engineering & Capital Goods
    · Basic Materials – Commodities
    · Oil & Allied Services
    · Media
    · Diversified
    Most Promising Entrant into the big league
    Mergers & Acquisition Category
    Best CFO Viewers Choice
    CFO of the year

  • ICC to decide on bids only next month

    ICC to decide on bids only next month

    MUMBAI: The International Cricket Council (ICC) will be discussing the matter of the sale of its broadcast rights at a meeting of the ICC’s Board only on 9 December.

    Initial meetings with potential partners have been taking place, the ICC has said, further clarifying that reports stating that the matter will be decided today are misleading.

    It is worth noting here that Zee Telefilms CMD Subhash Chandra, in an interview to business news channel CNBC TV18 given on Monday, when he announced the acquisition of Ten Sports, had said in this regard, “I am told that next Friday is when they (the ICC) will open the financial bids. Hopefully Friday next we will know about it.”

    Considering that Zee is one of the companies that has put in a bid for these rights, it would seem that the ICC has done a poor job of communicating its timelines to the concerned parties.

    As had been reported earlier by Indiantelevision.com, there have only been three global bids tabled and a significant absentee from the list is ESPN Star Sports.

    As it turns out, two of the global rights bidders — Zee Telefilms and Ten Sports-Infront — are acting in consort while the third contender is the now familiar name in all matters cricketing — Harish Thawani’s Nimbus.

    As for ESPN Star Sports, sources familiar with the developments say it has tabled a territory bid that covers the Indian Subcontinent and the Middle East.

  • TV18 realigns ad sales operations

    MUMBAI: The Raghav Bahl promoted Television Eighteen has embarked upon a big and aggressive expansion not only into the online media, but also leveraging on the strengths of the ‘CNBC universe’ in order to cash in on the advertising boom.

    Thus, TV18 Media Networks, the ad sales division of the group has realigned ad sales operations to strengthen and capitalize on the TV18 Group’s television, online and mobile media properties.

    According to TV18 Media Networks CEO B Saikumar, “The kind of growth our TV18 network has seen, the challenge now is to do justice to individual products and revenue streams.”

    The business news channels, the online ventures, the CNBC bestsellers CD division and Focus (the ground events division have, thus, been grouped under an umbrella brand loosely referred to as the ‘CNBC Universe’.

    Streamlining the responsibilities of key professionals like Raj Kamath, Anil Uniyal and Sanjay Dua is one such move in this direction, says Sai Kumar. Reason: create ‘new touch points’ for clients and offer better business solutions, which all would add to the company’s revenues.

    For example, Kamath’s role has been expanded from handling sales activities of CNN-IBN to be in charge of ad sales inventories of the TV18 Network (business and general news channels).

    Uniyal, who earlier handled the west and south Indian regions of TV18 business channel, has been given the added responsibility of ‘CNBC Universe’. Dua, who earlier was responsible for north and eastern markets of India for the four channels (CNBC TV18, Awaaz, CNN-IBN & IBN7) will henceforth oversee CNN-IBN and IBN7 and possible local channels in the near future.

    This significant change is indication that the group has done away with regional head portfolios and placing four professionals of the company in charge of coordinating the sales activities of various products with each of them reporting into Kamath who is answerable to Sai Kumar.

    Reinstated what SaiKumar has said, Kamath adds that through this streamlined process, the clients will be offered an integrated marketing communication via the multi-media platform.

    Dua points out that the new structure will ‘help further in creation and optimizing’ of the brand clout of the TV18 Network. Though the Hindi news channel space is cluttered, for Dua IBN7 is bringing in more brands on board that have a national profile instead of mere regional appeal.

    The restructuring drive is also aimed at future plans of the TV18 Group, which includes expanding further into the web space through acquisitions and making forays into markets and language that have not been tapped by the company.

    As Sai Kumar points out, the group is poised to leap into the next level of growth as newer operations near profitability levels.

  • TV18 strengthens senior management

    TV18 strengthens senior management

    MUMBAI: The Raghav Bahl promoted Television Eighteen has embarked upon a big and aggressive expansion not only into the online media, but also leveraging on the strengths of the ‘CNBC universe’ in order to cash in on the advertising boom.

    Thus, TV18 Media Networks, the ad sales division of the group has realigned ad sales operations to strengthen and capitalize on the TV18 Group’s television, online and mobile media properties.

    According to TV18 Media Networks CEO B Saikumar “The kind of growth our TV18 network has seen the challenge now is to do justice to individual products and revenue streams.”

    The business news channels, the online ventures, the CNBC bestsellers CD division and Focus (the ground events division have, thus, been grouped under an umbrella brand loosely referred to as the ‘CNBC Universe’.

    Streamlining the responsibilities of key professionals like Raj Kamath, Anil Uniyal and Sanjay Dua is one such move in this direction, says Sai Kumar. Reason: create ‘new touch points’ for clients and offer better business solutions, which all would add to the company’s
    revenues.

    For example, Kamath’s role has been expanded from handling sales activities of CNN-IBN to be in charge of ad sales inventories of the TV18 Network (business and general news channels).

    Uniyal, who earlier handled the west and south Indian regions of TV18 business channel, has been given the added responsibility of ‘CNBC Universe’. Dua, who earlier was responsible for north and eastern markets of India for the four channels (CNBC TV18, Awaaz, CNN-IBN & IBN7) will henceforth oversee CNN-IBN and IBN7 and possible local channels in the near future.

    This significant change is indication that the group has done away with regional head portfolios and placing four professionals of the company in charge of coordinating the sales activities of various products with each of them reporting into Kamath who is answerable to Sai Kumar.

    Reinstated what SaiKumar has said, Kamath adds that through this streamlined process, the clients will be offered an integrated marketing communication via the multi-media platform.

    Dua points out that the new structure will ‘help further in creation and optimizing’ of the brand clout of the TV18 Network. Though the Hindi news channel space is cluttered, for Dua IBN7 is bringing in more brands on board that have a national profile instead of mere regional appeal.

    The restructuring drive is also aimed at future plans of the TV18 Group, which includes expanding further into the web space through acquisitions and making forays into markets and language that have not been tapped by the company.

    As Sai Kumar points out, the group is poised to leap into the next level of growth as newer operations near profitability levels.

  • News broadcasters look at innovative ad sales

    News broadcasters look at innovative ad sales

    Mumbai: Approximately Rs. 600-700 million news market in India may get radically stirred if a proposal being considered by the newly-formed News Broadcasters Association of India sees the light of day.

    According to the still-under-discussion proposal, hindi language news broadcasters with sizable market shares are looking at the pros and cons of offering a uniform advertising rate to clients.

    The proposal, reportedly mooted by a few news market leaders in India who are part of News Broadcasters Association of India, may initially exclude the english news channels from this proposed uniform approach to ad sales, which might be a stumbling block in it going through.

    Scepticism notwithstanding, one news channel head admitted that the proposal is being considered.

    “It’s (having common ad rates across hindi news channels) certainly on the agenda, but there are too many ifs and buts to be sorted out before any possibility of actual implementation,” the chief executive who did not want to be named said.

    The executive explained that the idea is to find common ground on various news broadcast-related issues, including infrastructure, distribution and, probably, ad sales too.

    Still, the revenue sharing formula being suggested too is debatable. As per an initial suggestion, after offering common ad rates, the revenue would be split amongst news channels as per respective market share in terms of viewership and ratings.

    For example, if Rs. 100 is generated through this common plank, then the bulk of it would go to the news channel boasting the largest market share and then split up as per market share percentage.

    However, another news channel head questioned the model suggested, saying the proposal may be “lofty, but the revenue share formula would throw up various questions.”

    Still, most news channels admit there’s no denying that having common approach to issues, including editorial, distribution and infrastructure, is worth exploring in the Indian market as certain expenses are spiraling.

    For instance, distribution and placement charges of news channels have increased manifold over the last two years with limited bandwidth of cable networks and mushrooming news channels.

    Presently, the major Indian news channels in hindi and English include Aaj Tak, Star News, Zee News, NDTV India, NDTV 24×7, Sahara’s eight-odd channels, India TV, CNBC TV18, Awaaz, CNN IBN and IBN7.

    The News Broadcasters Association of India is also in the process of finalizing content code for its member companies and exploring having an ombudsman on the lines of Editors’ Guild of India, which primarily oversees the print medium.

  • TV18 Q2 net profit at Rs 160 million, up 44% YOY

    TV18 Q2 net profit at Rs 160 million, up 44% YOY

    MUMBAI: The Raghav Bahl promoted Television Eighteen has posted its consolidated net profit at Rs 160.45 million up 44 per cent year on year (YoY) for the second quarter ended 30 September, as against Rs 111.55 million in the year-ago period.

    The company’s revenue has also witnessed a jump of 70 per cent YoY to record at Rs. 530.08 million. Revenue from news operations rose to Rs 476.92 million, from Rs 295.31 million a year ago.

    The TV18’s Internet business rose over 200 per cent YoY, according to an official release. The reveunes from the internet and software operations has gone up from Rs 17 million during the corresponding period a year ago to Rs 53.16 million this quarter. It is also worth noting that the internet business had crossed $1 million during the first quarter of this fiancial year.

    The company’s operating profit surged to Rs 249.04 million, up from Rs 172.68 million. The operating margin dipped to 47 per cent largely on account of the consolidation of CNBC Awaaz revenues and costs in P&L. 

    The consolidated revenues including CNBC-TV18, CNBC-Awaaz, moneycontrol.com and commoditiescontrol.com. The current quarter’s revenue/cost strictly is ‘not’ comparable with the same quarter in the previous year, since revenue/cost of Awaaz are being included from this quarter onwards. The TV18 consolidated revenue includes revenues from CNN-IBN, IBN7 and other Web18 Portals.

    Following the meeting of the board of directors Television Eighteen MD Raghav Bahl said: “This has been an exceptionally good quarter for us. As a Network, we have doubled revenues – while our listed entity has posted a 70 per cent year-on-year growth. We have successfully concluded our scheme of demerger, and set 24 November as the record date – this will unlock an enormous amount of value for our shareholders, who will now enjoy the fruits of ownership in all our businesses, including CNN-IBN, IBN7, Home Shopping Network and Studio18. With several exciting forays in news broadcasting, internet portals, motion pictures and other multi-media platforms on the anvil, our shareholders can continue to look forward to a period of sustained growth.”

  • TV18 Group creates Indiaearnings.com on company financials

    TV18 Group creates Indiaearnings.com on company financials

    MUMBAI: The TV18 network has designed an editorial integration under CNBC Universe stable, ahead of the earnings season by creating Indianearnings.com. In a bid to be able to give retail as well as institutional investors, the best coverage during the earnings season.

    Indiaearnings.com from the CNBC universe stable will be inaugurated by the chairman and chief mentor of Infosys N R Narayan Murthy on the day Infosys announces its second quarter results that is 11 October.

    The earnings coverage on the network will be integrated under the India Earnings Umbrella. It will include pre-results, results-day and post-results coverage, analysis and reference material across TV18’s various channels and online properties, according to an official release.

    Indiaearnings.com will provide India’s most credible and exclusive information destination for professional Indian and foreign investors. The access to the site is strictly by invitation. To receive an invitation one needs to email indiaearnings@moneycontrol.com.

    Boardroom the key property on television channels CNBC TV18 and CNBC Awaaz, which was launched seven years back, will also be an integral part of the India Earnings Umbrella. N R Narayan Murthy was the first corporate from India Inc to feature on Boardroom’s inaugural show, seven years ago.

    CNBC-TV18 will showcase the earnings seasons of large cap and mid cap companies, CNBC Awaaz will cover the earnings of mid-cap and small cap companies, indiaearnings.com will touch upon more than 500 companies to give investors all round earnings coverage, informs the release.

    Indiaearnings.com will be the first comprehensive and noteworthy platform to include web-casts, audio-casts, CFO meets, detailed current and archival information about the company stocks including performance, bulk deals on MF holdings etc. It will also bring in the strength of its association with CNBC Global Network– the world’s largest and most respected news network.

    Commenting on the India Earnings Umbrella, TV18 group CEO Haresh Chawla said, “India Earnings is by far the most extensive platform that any company would get for its results coverage and also the single largest platform which reaches out to more than 40 million affluent, interested Indians. Indiaearnings.com the newest offering by the CNBC Universe stable will be a one-stop destination for all professional investors needs; it is also the most credible platform for critical information on the company financials. The India Earnings Umbrella will combine the strengths of CNBC-TV18, CNBC Awaaz and moneycontrol.com as well as CNBC Global Network to benefit professional retail and institutional investors alike.”

  • Win 1 lakh every hour on Budget Day on CNBC-TV18

    Win 1 lakh every hour on Budget Day on CNBC-TV18

    – Win your annual household budget every hour by tuning in to CNBC-TV18 on Budget Day
    – Answer simple questions on the Budget by SMS to 2622
    – Prize money to be won from 10 am – 10 pm on Budget Day on CNBC-TV18

     

    MUMBAI: CNBC-TV18, India’s premier business news channel has lined up innovative and informative shows as pre-cursors to the Budget 2006.The ‘Budget Bonanza Contest’, unique to CNBC-TV18 has been launched this year, to the overwhelming response it received from its viewers.

     

    Viewers tuning into the CNBC-TV18’s Budget programming can win their annual household budget every hour on Budget Day.

     

    On Budget Day, February 28, 2006, winners can win Rs 1 lakh every hour for upto 12 hours i.e. 10 am – 10 pm by answering questions posed by the channel. These questions are straightforward to answer and pertain to the Budget to be announced. Viewers can participate in the Budget Bonanza by sending in their answers via an SMS to 2622.

     

    CNBC-TV18, the leader in budget programming, is also presenting interesting, innovative and informative shows on its channel. ‘The Great Indian Dream’ is the theme for CNBC-TV18’s Budget line up for 2006. CNBC-TV18 will address the question: Will Budget 2006 make or break the Indian dream?

     

    As part of its budget programming, CNBC-TV18 has lined up a one-hour special on the Economic Survey giving an intelligent and comprehensive overview of the booming Indian economy, the India Business Hour Budget Special, LIVE and uninterrupted coverage of the FM’s speech and the CNBC-TV18 and MTV budget fundas , an initiative that will touch base with the youth of the country and how it has affected their lives.

     

    The winners will be declared every hour on CNBC-TV18. Viewers of CNBC-TV18 now stand a chance to win even if the FM’s Union Budget 2006 is not a rewarding experience!

     

    About CNBC-TV18:

    CNBC-TVI8 is India’s No.1 business medium. CNBC Asia Pacific holds a strategic equity stake in the Indian registered broadcaster; Television 18. CNBC-TV18 is the undisputed leader in the business. The channel’s benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. CNBC-TV18 is currently available in over 20 million households in India.

     

    For further information please contact:
    Glen D’Souza/ Janice Goveas / Niketa Tekawade
    Hanmer & Partners
    56335969/ 55524600

  • Zee, TV18, Balaji in top 500 Indian companies’ list

    Zee, TV18, Balaji in top 500 Indian companies’ list

    NEW DELHI: Only a handful of media companies like Zee Telefilms, Deccan Chronicle and Television Eighteen Ltd find a place in a survey of top 500 Indian companies conducted by Economic Times newspaper.

    With a market cap of Rs. 9.3 billion in June 2006, Zee Telefilms has been ranked 142nd in ET500 in August 2006, up from an earlier survey in February when it had been placed at 281st position.

    Incidentally, Zee tops the media heap amongst the best in India where the top two slots are occupied by infotech companies, Tata Consultancy Services and Infosys Technologies.

    Regional media powerhouse, Deccan Chronicle Holdings, finds a place at No. 167 with a market capitalization of Rs. 1.4 billion.

    Television Eighteen, owners of TV channels like CNBC TV18 and CNN IBN, has slipped to No. 330 in ranking in August from an earlier position of 318.

    According to ET500, TV18’s market cap in June stood at slightly over Rs. 1 billion.
    The other two media organizations finding place in the top 500 Indian companies are Adlabs (rank: 342) and TV and movie production house Balaji Telefilms (rank: 355).

    Balaji too slipped in ranking from No. 336 in an earlier ET500 list.

    Economic Times used several parameters, including market capitalization of a company, to compile the ET500 list.

    The eight parameters considered included absolute change in market cap over the past one year, sales, absolute change in sales over the past year, net profit, absolute change in net profit over the past year, price to earnings (P/E) multiple and return on net worth.

    The market cap of companies during the period June 16-30, 2006 has been considered, while sales and profit numbers are for 12 months ended March 2006.
    (Rs. 47=1US$)