Tag: Coronavirus

  • Covid2019 communication: Is it time to change OOH messaging?

    Covid2019 communication: Is it time to change OOH messaging?

    NEW DELHI: It has been close to three months since the announcement of a nationwide lockdown in the wake of Covid2019 and even longer since the governments across states have been trying to promote the necessary social distancing and other precautionary measures via advertising. While there has been constant innovation in digital and TV commercials, with the constant addition of newer faces and updating of messaging with changing scenarios, OOH hoardings are still covered in the initial set of messaging. Case in point, the following hoardings spread across Mumbai, which have been a constant for months now!

    Posterscope India director Fabian Cowan believes that for communication to be effective it needs to be refreshed with time, based on the current environmental cues and prevalent truths. Therefore, a refreshed set of creatives and communication is most certainly required to be promoted by the civic bodies.

    “The elements and tone need to be in line with the current stage of the pandemic. If staying at home was the single-minded focus at the start of the pandemic, maintaining the right kind of social distancing could be the line of thought in the current context as restriction begins to ease.”

    Laqshya Media group CEO Atul Shrivastava adds, “The Covid2019 communications had utilised the OOH space for over two months. However, awareness is still needed especially in the larger cities where the curve is still climbing. Therefore, a few strategic locations with high visibility should be chosen for specific Covid2019 communications. As people start going back to offices across the country and supply chains open up, there needs to be a healthy balance between public service and commercial activity.”

    Kinetic India co-CEO Charanjeet Arora feels while it is important to refresh the messaging, it is totally the government’s call to do it or not. “Honesty, it is a pandemic and the government understands the magnitude of it. In their long list of priorities, I think saving lives is on top right now.”

    He continues, “If I talk about just Delhi and Mumbai, they are much evolved markets and internet penetration is quite high. People are aware but there is a constant need for communication because the memories in our country are constantly shuttling. It is important to have this (Covid-centric) communication but there is a need to work on the frequency as we have to build the sentiments of businesses back. For example, in Delhi, at least 30 per cent of all OOH billboards should have this communication but the areas should be chosen based on the need.”
    So, should the brands be taking the onus of acquiring OOH space and share Covid-related messaging?

    Arora doesn’t think it will be wiser for brands to constantly keep talking about the pandemic in their messaging. “Brands need to be subtle and empathetic in their communication, surely. It shouldn’t look like a high-decibel sales pitch. But they should be talking about their own brand experience and usage.”

    If Cowan as to be believed, brands too are looking forward to incorporating the same style of out-of-home messaging going ahead. He says, “Currently there are encouraging signs with regards to the increased number of enquiries and considerations being made on possible open markets, especially with respect to green zones. We see this as a positive development. While these discussions currently are in the realm of media possibilities and its deployment our sense is that the communication will largely be centred around sales and benefits of ownership of such products given the current context.”

    Shrivastava says that most brands are trying to strike a balance between awareness and sales pitch and the pure commercial advertising will take a few more weeks to come back. “They are keeping marketing communications sensitive, meaningful, relevant and optimistic. Many companies have launched new initiatives to give them an edge in the age of the New Normal. The brands are communicating these initiatives more to portray to the consumers that they care for their employees and their consumers.”

  • Lockdown earmarks a digital progression of brands

    Lockdown earmarks a digital progression of brands

    As the world collectively grapples with the pandemic, several businesses have come to a complete halt owing to the lockdown situations globally. With the spread of COVID-19, the world is facing a very serious challenge of keeping the economy stable while easing the impact across sectors. 

    A significant downfall in the economy is visible across the globe. While some businesses are shut, for some there are limited avenues to continue work. These uncertain times have shed light on a unified communication approach of creating awareness and adopting the digital business model. A gap in communication is visible, which marketers need to bridge going forward. In times of crisis, what is important for marketers to know how they can overcome obstacles and connect with the audience. 

    Lockdown has forced people to stay at home for their own good, which has created a powerful avenue for marketers if they have the vision to do so. Since people spend maximum time staying at home during the quarantine, connecting with them through digital media is the need of the hour. In such cases, a digital marketer needs to know the strategy they can use to communicate with the consumer in a sensitive manner to relate with their audience and project themselves as a brand of choice.

    Strategic approach

    There is no denying that major sectors like travel & tourism, hospitality, and real estate have been majorly affected by the impact of COVID 19. Essential services, however, are operational across the country alongside online businesses such as digital marketing agencies, advertising sectors, technology service providers, etc. This pandemic has provided an opportunity for the brands to create stronger bonds with consumers by creating awareness and communicating with the consumer regularly. Digital is becoming the new normal and brands are now exploring a new and diverse path to survive this pandemic. Digital marketing is the ultimate way for the brands to spread awareness and keep the audience engaged with the brand.

    Leveraging Digital to the fullest

    Pay Per Click – With people being quarantined and spending more time online, it’s a great opportunity for businesses/brands to use PPC marketing to connect with their customers and gain a competitive advantage. It is cost-efficient at the same time and one can better leverage the digital marketing budget.

    Search Engine Optimisation – Anything online right now will be consumed more than ever.  This is not the time to stay low-key online. Using search engine optimisation (SEO) strategies to gradually rise to the top of Google’s search engine results pages (SERPs) is crucial for the business to gain better visibility. It's important to 

    Realigning advertising strategies

    Pre-allocating advertising amount – As the world makes its shift toward digitalisation, it is easier for the brands to restore their trust into digital aspects of their marketing strategy and allocate a certain amount of money during the times of crises as a part of the reactive strategy. Ad spend reallocation acts like a savior during such unprecedented times., It may help with online advertisements since marketers are aware that ad spends get highly affected when cost-cutting is required.

    Displayed ad spends – Due to cancellation of conferences, meetings, tie-ups and large scale events because of the pandemic, the advertising market is expected to witness a downfall and a possible dip in performance. Displaced ad spends will undoubtedly be reallocated later in the year and would benefit both the agency as well as the brand in the eventually

    At this point what matters the most is to position your brand rightly during this economic downturn and communicate effectively. Businesses should maximize social listening and be prepared to put out important brand statements. Informing the target audience on how your brand is managing the pandemic and strategically placing your messaging amidst the content that the target audience is exposed to is of utmost importance.

    Digital marketing can be incredibly agile, and agencies should be prepared to be nimble in their approach to adjust during times of crises. Marketers are also planning on how to get the business to recover after the Coronavirus impact. One can optimize digital marketing by pushing useful content which will help in maintaining and sustaining the traffic through consumer engagement. Brands need to think long and hard about digital transformation that could majorly be focused through brands reinvesting physical marketing into virtual mediums.

    (The author is co-founder and managing director, Makani Creatives. The views expressed are his own and Indiantelevision.com may not subscribe to them)

  • COVID-19 a disruptor that comes with great learnings

    COVID-19 a disruptor that comes with great learnings

    NEW DELHI: The ongoing COVID-19 crisis has come as a great leveller to the brands and marketing industry, conceded a panel comprising industry experts during a virtual panel discussion on “How brands are communicating in times of lockdown”, organised on Friday by Indiantelevision.com.

    The panel included Future Retail CMO-FBB Prachi Mohapatra, Timex Group India head marketing Ajay Dhyani, Duroflex Mattresses India VP-marketing Smita Murarka, Shemaroo Entertainment head marketing and communications Rahul Mishra, Dentsu One India president Harjot Singh Narang, and Mirum India joint CEO Sanjay Mehta.

    The panel was moderated by Indiantelevisio.com CEO, founder, and editor-in-chief Anil Wanvari.

    The participants agreed that while the pandemic came as a huge disruptor, causing feelings like anxiety and doubt, it gave them a better understanding of how their respective industries function.

    Murarka quipped that she took on the charge of Duroflex just a month prior to the lockdown and while it was challenging, it really helped her figure out the industry and the brand proposition, which wouldn’t otherwise have been possible in such a short span.

    According to Narang, the pandemic also helped great human relationships flourish with teams bonding over the work in critical times and client relationships getting better.

    The panel also agreed that once the situation gets back to the “new normal”, which according to Anil Wanvari would have nothing normal, will come as another disruption in the industry, making people more mindful of their purchases. Mehta said that a young person who might have faced a job loss or pay cut might be thinking about saving more in the coming future and may skip the backpacking trip one took.

    Mohapatra stayed hopeful that the ongoing pandemic might once again result in a lipstick effect for the fashion industry and especially for her brand whose USP lies in its pricing.

    The panellists predicted that the business and life might bounce back to normalcy around September-October, which they are seeing as a great time for the businesses to pick up again, given that it will be the festive season in India.

  • The show must go on! When news anchors broadcast live from homes

    The show must go on! When news anchors broadcast live from homes

    MUMBAI: The COVID-10 pandemic has virtually thrown every aspect of human life out of gear. The television media, in particular the news genre, teetered on the brink of breakdown in the face of an unprecedented lock-down. But, as they say, the show must go on. Most of the news channels, in the face of the pandemic, have acclimatised to the situation by changing their reporting style and adopting the work-from-home mode to practice social distancing. And the change has been palpable. Anchors, who usually appear on screen in their flamboyant best, are now anchoring from their homes with minimal makeup and in casual attire. 

    The slick get-up has given way to a casual one.

    There are, however, challenges, especially on the technical and connectivity fronts. Mirror Now news editor and anchor Tanvi Shukla, who hosts the prime time debate show The Urban Debate, believes, “The biggest challenge is communication with the team while preparing and presenting the show. For example, the time lag makes holding a debate a challenging task.”

    At home, everything is amateur: the lighting, camera angle, backdrop and makeup, because when an anchor works from home as he/she has to set up everything and be ready for the show to roll, says Asianet News assistant executive editor Sindhu Suryakumar, who anchors the show Cover Story.

    The news anchor is considered to be the face of a news channel. And to maintain that, broadcasters not only groom them but also take good care of their makeup, hairstyle and wardrobe in order to make the look and feel of the channel appealing.

    Usually, before an anchor goes live from the TV studio, there are dozens of people involved in creating that face value. They strive to make the anchor look presentable and flamboyant. Makeup, hairstyle and wardrobe play critical roles. All these paraphernalia has now been done away with, as work-from-home mode has become the new normal in these days of social distancing.

    “I do my own makeup now. Over the years, I have picked up a trick or two and keep it pretty simple,” says ET Now senior news editor Tamanna Inamdar, who hosts prime time debate show India Development Debate. “What many don't realise is that makeup is important because of the studio lights and at the end of the day, the focus is to be presentable and bring the facts for our viewers.”

    So, no more wardrobe rooms with stylish shirts, blazers and pants to choose from. Anchors appear now in their own clothes!

    Fashion stylist Mitali Ambekar, who has worked with prominent brands such as Netflix India, says: “We are living in a visually-appealing society. People entertain you only if you appeal to them visually first. Appropriate attire is the most important factor. An anchor must look presentable, be at home or office. Unless an anchor is professionally dressed, the audience may not take the anchor and channel seriously, and of course, that could eventually impact viewership. While working from home, not only does the attire matter but also the frame background, wardrobe, colour and light setting.”

    Other factors that enhance the look and feel of the channel include camera framing, background, lighting and quality of the video. “A video camera and live unit has been set up in one corner of my apartment and I connect it myself,” says Shukla. She also states that the camera is never moved from that corner in order to maintain the background, light and other aspects.

    Unlike Shukla, Inamdar uses a phone camera, with an app that helps her go live. Similarly, Suryakumar says: “We have this set-up called T-view which is positioned at an anchor’s house and the T-view Anywhere mobile app helps reporters and anchors go live.”

    Gaining and maintaining the trust of viewers is a major channel asset. So, all anchors add a disclaimer while on-air, informing their audience that they are beaming live from their homes. Inamdar says, “I have been mentioning that I am anchoring from home as a message to viewers to practice social distancing and fight COVID-19 together.”

    Asianet is also following the same protocol. The disclaimer also helps avoid any embarrassment if there is a technical glitch. “Technological evolution has somehow made the life of anchors and journalists easy,” says independent journalist and former Mirror Now executive editor Faye D’Souza. “Today, you’re just one click away from going live on any platform and, of course, the same thing is possible when broadcasting live news on TV, except for a few technical hindrances.”

    She also predicts that the work-from-home module is going to change the whole ball-game in the future. With new tricks in the kitty, things won’t go back to the same old system which requires heavy manpower.

    Agreeing with D’Souza, Suryakumar says, “Work-from-home will see a bring about a change in work culture. It, of course, increases productivity as people have become more responsible and accountable. However, this module is not feasible 100 per cent for a 24×7 news channel considering there are things which have to be done only through the office such as production and transmission, among others.”

    Inamdar points out, “The experience has been a huge learning curve with me having to pick up skills that were not necessarily in my domain, like a camera set up.”

    What drives a news channel is real-time content. The look and feel are secondary, but important aspects. However, during unprecedented times even the audience understands their compulsions. D’Souza believes that the audience is appreciative of the efforts put in by every person in news channels, including anchors and journalists, who are getting them the real-time updates during testing times.

  • News18 India urges viewers to join PM Modi’s appeal with ‘Ek Diya Desh ke Naam’

    News18 India urges viewers to join PM Modi’s appeal with ‘Ek Diya Desh ke Naam’

    MUMBAI: Network18's Hindi news channel News18 India has lined-up exclusive programming Ek Diya Desh Ke Naam for its viewers in line with the prime minister Narendra Modi's clarion call.

    PM Modi recently urged the people to switch off lights for nine minutes at 9 pm on 5 April and light candles, diyas, flash torchlights or mobile lights to unite in the fight again COVID-19 pandemic.

    With an aim to build excitement, News18 India will showcase two hours of special programming further amplifying the initiative. 

    The programming will witness renowned celebrities such as yoga guru Baba Ramdev, musicians Salim and Sulaiman Merchant, singer Harshdeep Kaur and Anup Jalota along with actor Manoj Joshi  who will discuss the power of 130 crore Indian coming together and fighting together for a collective cause.

    News18 lndia has also deployed 100 reporters across 100 cities who will capture the Indian spirit of camaraderie and strength. Practicing social distancing, the channel's anchors and correspondents will also be reporting live from their respective localities to further bring stories from across the country.

  • News channels report highest ever viewership gain in week 12 post lockdown

    News channels report highest ever viewership gain in week 12 post lockdown

    MUMBAI: The overall news genre has reported the highest ever weekly viewership so far this year in the week 12 (21-27 March) of Broadcast Audience Research Council (BARC) India as compared to the previous week (14-20 March), courtesy the lockdown.

    In the current week, the Hindi news channels' combined viewership has surged by around 140 per cent, whereas the English news channels' weekly impressions rose by over 130 per cent.

    The unprecedented crisis in the nation due to the spread of the novel coronavirus has led a tremendous surge in the viewership of news channels.

    TV Today Network’s Hindi news channel Aaj Tak, dominating the chart for the twelfth week straight, has reported growth of 150 per cent to 5,32,102 impressions in week 12 as compared to 2,16,024 in week 11. The channel, so far, has shown the biggest ever viewership gains this year alone.

    Achieving a new feat, Aaj Tak has become the number one channel with 24 crore reach in India's second category in week 12 than all its peers across categories such as news, GEC, and movie. Not just that, the channel has also been the leader in terms of viewership during Janta Curfew day, with over 66 million impressions and 1,98,96,832 weekly viewing minutes.

    Jumping to the second spot from fifth, ABP News Network’s Hindi news channel ABP News has grown mostly by over 160 per cent to 3,40,659 weekly impressions in week 12 as compared to 1,30,035 in the last week. This is the biggest ever weekly impressions the channel has achieved in 2020.

    Though the channel has slipped to the third position from second, Zee Entertainment Enterprises’ Hindi news channel Zee News has gained the third-highest viewership in the current week. The channel advanced by over 137 per cent to 337,359 impressions as against 142,089 in week 11.

    Retaining its place at the fourth spot, Network18’s Hindi news channel News18 India has also grown exponentially by around over 134 per cent to 305,732 impressions this week as compared to 130,391 impressions in the earlier week. The channel has garnered the all-time high reach on news channels of Network18 with over 22 crore reach in India 2+ category in week 12.

    Despite gaining over 115 per cent in terms viewership in week 12, India TV fell from the third position to last in the top five news channels list. The channel has gained 296,305 weekly impressions in the current week as compared to 137,578 impressions in the previous week of BARC.

    Being number one for the twelfth week straight, Republic Media Network’s English news channel Republic TV has surged by over 130 per cent to 1962 impressions this week as against 852 in the previous week. This is the biggest ever viewership gain, the channel has reported so far this year.

    Maintaining its stance at the second position, Times News Network’s English news channel Times Now has grown over by 113 per cent to 1375 impressions in week 12 as against 644 in week 11. The channel, so far, has shown the biggest ever viewership gains this year alone.

    TV Today Network’s English news channel India Today Television has gained most in percent-wise by over 184 per cent to 1190 impressions in week 12 as compared to 418 impressions in the previous week. The channel has turned out to be the most-watched channel in the megacities in one day, gaining total impressions of 4417 in week 12 of BARC.

    Not just that, India Today has also been the most preferred channel in the 15+ category during the first three days of lockdown period that began from 25 March and which falls in week 12 of BARC. The channel has also ranked number two with a rise of 24 per cent in both megacities and all India.

    Retaining its place at the fourth spot, Network18’s English news channel CNN-News18 has grown by over 122 per cent to 848 weekly impressions in the current week as compared to 381 in week 11.

    For the first-ever time, BBC World News has been featured in the in top five English news channels’ list with 565 weekly impressions in week 12 of BARC.

    A joint report released by BARC and Nielsen India on crisis consumption mentions that the news genre has shown around 300 per cent increase in terms of viewership across the general category (English, Hindi and regional).

    The business news channels in both Hindi and English languages have risen by 180 per cent in viewership.

    The report also points out that while the primetime consumption of news across the country has surged by over 250 per cent, non-prime time news slot saw a rise of 344 per cent in terms of viewership. However, perhaps for the first time, there has been a drop of over 15 per cent in viewership in general entertainment channels during the primetime slot.

  • Can’t gag media to fight pandemic: Editors Guild of India

    Can’t gag media to fight pandemic: Editors Guild of India

    MUMBAI: The Editors Guild of India in a letter has expressed its reservations against the government for holding the media responsible in the supreme court for creating panic in the country amid coronavirus pandemic.

    “No democracy anywhere in the world is fighting the pandemic by gagging its media,” says an official statement of The Editors Guild of India (EGI). “Blaming the media at this point can only undermine the current work being done by it under trying circumstances.”

    The print media association has also said that such charges against media will obstruct the process of dissemination of news during an unprecedented crisis in the country.

    The apex court on Tuesday asked all media houses to refer and publish the official version of coronavirus developments rather than creating a panic-like situation in the country. The government also came up with an official portal within 24 hours to disseminate corona-related news and developments.

    While dictating an order to the media, a bench led by chief justice of India SA Bobde had said: “We do not intend to interfere with the free discussion about the pandemic, but direct the media refer to and publish the official version about the developments.”

    According to the EGI, the government’s statement in the supreme court that media causing panic among migrant workers leading to their mass movement is ‘gratuitous and unnecessary’. It says, “Blaming the media for mass migration of workers will be counterproductive. And, such actions would be tantamount to disabling the messenger.”

    The statement signed by general secretary AK Bhattacharya said, “The guild’s attention has also been drawn to the lodging of a first information report against the editor-in-chief of the website The Wire. Police action in the form of an FIR is an overreaction and act of intimidation.”

    The order came on a submission by the government blaming fake news for the migrant exodus and seeking a court direction to deal with the menace.

  • Wimbledon 2020 becomes latest sporting event to be cancelled due to Covid-19

    Wimbledon 2020 becomes latest sporting event to be cancelled due to Covid-19

    MUMBAI: For the first time since World War II (1945), the Wimbledon Championships 2020 has been cancelled by a year amid rising concern of the novel Covid-19 pandemic, confirms All England Club Lawn Tennis Club (AELTC) in its official press statement.

    The hundred and thirty-fourth championship was supposed to be played in between 29 June and 11 July 2020 but instead will be staged from 28 June to 11 July 2021. Wimbledon, which is played on a grass court, is one of the four grand slam tournaments along with the Australian Open, the French Open and the US Open.

    After an emergency meeting, the Wimbledon organisers said, “It is with great regret that the Main Board of the All England Club (AELTC) and the Committee of Management of The Championships have today decided that The Championships 2020 will be cancelled due to public health concerns linked to the coronavirus epidemic.”

    Wimbledon is the latest sporting event that has been postponed to next year. Earlier, other marquee events such as the Tokyo Olympics 2020 and UEFA Euro Cup 2020 have also been scheduled in 2021 due to health concerns amid the outbreak of the novel coronavirus across the globe.

    The organisers during the emergency meeting had said that the health and safety of all of those who come together to make Wimbledon happen is a priority as well as its broader responsibility to society’s efforts to tackle this global challenge.

    AELTC chairman Ian Hewitt said, “We believe that it is a measure of this global crisis that it is ultimately the right decision to cancel this year’s championships, and instead concentrate on how we can use the breadth of Wimbledon’s resources to help those in our local communities. This is a decision that we have not taken lightly, and we have done so with the highest regard for public health and wellbeing of all those who come together to make Wimbledon happen.”

    The organisers also said in their emergency statement that the member of the public who paid for tickets in the Wimbledon Public Ballot for this year’s Championships will have their tickets refunded and will be offered the chance to purchase tickets for the same day and court for the next year. It will be communicating directly with all ticket-holders.

    In addition, it has taken account of the impact that this decision will have on those who rely on The Championships. "We are developing plans to support those groups, working in partnership with the LTA and the other leadership bodies in global tennis," reads the press statement.

    This is the third time in the history that Wimbledon has been either cancelled or postponed to later date. Earlier, during World War I and World War II the tennis tournaments were called off. In this regard, the ALTEC chairman has said that it has weighed heavily on their minds that the staging of The Championships has only been interrupted previously by World Wars.

  • MSME sector under the yoke of COVID-19 lockdown; agencies bear the brunt

    MSME sector under the yoke of COVID-19 lockdown; agencies bear the brunt

    NEW DELHI/MUMBAI: India, just like the rest of the world, is staring at a bleak economic future on account of the nationwide lockdown caused by COVID-19. Already its GDP growth is at a decadal low. Adding to the cup of woes, productions are now being shut and many businesses are expecting a substantial dipping of numbers in their cash registers. The fear of an extension of the ongoing 21-day lockdown is making things worse.

    The MSME sector, which has been bearing the brunt of dipping demands for the past couple of quarters, has found itself in a dark spot.

    SBICap Securities institutional equity research head Rajiv Sharma notes that leveraged SMEs with outstanding debts will be vulnerable. Because of current projects getting delayed or cancelled, a payment crunch is expected.

    Sharma, however, notes that smaller agencies can be smarter to leverage the digital side. “Small agencies can still find some business on the digital side if they have made that transition,” he says. The recently-released BARC data shows that digital viewership is spurting because of the lockdown with the first week showing smartphone time spent up by 6.2 per cent.

    With its own prospects impacted, these businesses are pushing their agency partners over the edge as well. Many independent agencies have been complaining about delayed payments and closing of ongoing projects because of the lockdown, putting great pressure on their businesses.

    The Media Ant co-founder Samir Chaudhary admits that business loss across the spectrum is inevitable, especially for services-based companies where manpower is low. He, too, is expecting at least two months worth of turnover loss, as the agency is experiencing a stretch in its payment cycles.

    Founder-director of Punjab-based OOH agency, Kanhiya Advertisers, Deepak Singla feels that business is almost shut these days. “All ongoing campaigns have been dropped with the announcement of the curfew and lockdown and payments have either been cancelled or delayed indefinitely,” he tells Indiantelevision.com.

    Singla says that he can’t calculate the loss right now, but is expecting that bigger problems will arise once the market reopens. “Lots of business houses will wipe out. Indian Outdoor Advertising Association is working on arranging a meeting with government officials regarding some relaxations as we don’t fall under the purview of any benefits announced by the finance minister,” he adds.

    CIDROY and Dronsena co-founder AMJ Ramaraju, who has been developing an AI-tech for billboards that can make OOH advertising similar to digital with targeting and counting of reach and impressions, says, “We were all set with the working prototype for showing demos and getting leads, but then things turned out not as we thought due to COVID-19.”

    He was in touch with many small agencies in Goa and pan-media aggregator The Media Ant as well, but with the current hiccup, he is now expecting a loss of Rs 2-3 lakh in March-April. If the situation continues, the month of May might see an additional loss of around Rs 8-10 lakh.

    Another freelancer and founder of a small-time agency in New Delhi, on condition of anonymity, admitted that many clients have stopped payments causing great stress on the business.

    Elaborating on the sales cycle, Sharma notes, “Every month contributes to eight to nine per cent of sales. This 21-day lockdown is about six to seven per cent of sales. If you are a seasonal business or a cyclical business, there will be a gradual loss. We are talking about at least 10 per cent revenue pressure.”  

    Reviewing the situation, Elara Capital VP – research analyst (media) Karan Taurani feels that smaller agencies might be shutting shops by the end of the lockdown.

    “The amount of support in the market, liquidity and advertising condition is very poor. So, the advertising industry is going to be highly competitive. The larger ones have the scale and they can definitely give a tough competition to smaller ones. Whenever there is a liquidity crunch and poor ad spend, the competition intensifies. You will see a smaller player having a more negative impact. So, there will be some small players with niche offerings who will survive but the larger portion will wind up,” points out Taurani.

    Sharma agrees with this viewpoint. “India may have one to two bad quarters, not more. If the lockdown extends, more businesses will collapse and that will lead to layoffs, direct and indirect,” he says grimly.

    There is one glimmer of hope though. “I don’t see any kind of layoff in the near term for at least the next three to six months. They will save other costs and protect employee interest,” says Taurani.

    Chaudhary supports the prediction as he notes, “If the situation improves by April end, most of the agencies with sound fundamentals will recover. However, if the lockdown goes beyond April we will be forced to downsize or cut costs.”

    SBICap’s Sharma is hopeful that the government will announce relief measures for SMEs in the coming days. With the government’s relief package for banks and EMI payments, it can serve as a temporary fix for agencies and employees.

    An extension of the lockdown might offer a big blow to the smaller agencies, which form the core of extensive regional and targeted marketing. Only time will tell, how will they fare in adversities, but they are expecting some government initiatives to rescue them.

  • NBA hails supreme court order to counter COVID-19 fake news menace

    NBA hails supreme court order to counter COVID-19 fake news menace

    MUMBAI: The News Broadcasters Association (NBA) has welcomed the Supreme Court’s decision of urging media to take up against fake news menace revolving around the novel coronavirus in social media.

    Supreme Court on 31 March had ordered that the media should report responsibly and weed out any fake news in social media while telecasting news on the Coronavirus crisis.

    According to an official press statement, “NBA appreciates that the apex court has acknowledged the freedom of the press and has stated that it does not intend to interfere with the free discussion, debate and coverage about the pandemic.”

    NBA also stated that it is pleased to learn that a daily bulletin by the government of India through all media avenues including social media and forums will be made available to clear the doubts of people. This would help media immensely to clarify their doubts and enable them to do accurate reporting.  

    The Supreme Court had asked the media to refer to an official portal, which will be created by the government within 24 hours to deal with updated corona related developments, and publish the official version about the developments.

    A bench led by chief justice of India SA Bobde had said: “We do not intend to interfere with the free discussion about the pandemic, but direct the media refer to and publish the official version about the developments.”

    The order came on a submission by the government blaming fake news for the migrant exodus and seeking a court direction to deal with the menace. Over 1600 positive cases have been confirmed in India and around 35 killed due to the pandemic.