ITV

Tag: Darshan 24

  • B. A. G. Films reports improved top and bottom lines

    BENGALURU: The Anurradha Prasad led B. A. G. Films and Media Limited (BAG Films) reported improved revenue and profit after tax (PAT) for the year ended 31 March 2017 (FY-17, current year or fiscal) as compared to fiscal 2016.

    Two of the company’s four segments – Television broadcasting and FM Radio reported increase in operating revenues and operating profits in the current year as compared to the previous year. Its Audio Visual production segment reported lower operating revenue and operating profits, while operating revenue and operating losses of its Leasing segment declined in fiscal 2017 as compared to fiscal 2016.

    The company’s income from operations or operating revenue increased 16.6 percent to Rs1,366.84 million in FY-17 to Rs 1,17241 million in the previous year. BAG Films reported PAT of Rs 8.43 million in FY-17 as compared to a loss of Rs 28.94 million in the previous year. Simple EBIDTA excluding other income increased 12.9 percent to Rs 319.34 million (23.4 percent of Operating Revnue) in FY-17 from Rs 282.76 million (24.1 percent of Operating Revenue).

    The company’s Total Expenses increased 13.1 percent to Rs 1,177.42 million (86.1 percent of Operating Revenue) in FY-17 from Rs 1,041.15 million (88.8 percent of Operating Revenue). Employee costs increased 4.3 percent in fiscal 2017 to Rs 209.90 million (15.3 percent of Operating Revenue) from Rs 200.35 million (17.1 percent of Operating Revenue) in the previous year. Other expenses increased 14.5 percent in FY-17 to Rs 814.64 million (59.6 percent of Operating Revenue) from Rs 711.52 million (60.7 percent of Operating Revenue) in FY-16. Finance costs increased 7.5 percent to Rs 163.5 million (12 percent of Operating Revenue) in the current year from Rs 152.16 million (13 percent of Operating Revenue) in the previous year.

    Segment Numbers

    BAG Films Television segment has three channels News 24, E24 and Darshan 24, while its Radio segment, Radio Dhamaal 24 operates 10 FM radio stations in the country.

    BAG Films biggest segment is its Television Broadcasting (TV) segment. TV segment’s operating revenue increased 22.9 percent in FY-17 to Rs1,126.05 million from Rs 916.56 million in FY-16. TV segment’s operating profit increased 33.2 percent in FY-17 to Rs 315.34 million from Rs 236.7 million in the previous fiscal.

    Audio Visual Production segment revenue for fiscal 2017 declined 20.3 percent to Rs 137.54 million from Rs 172.67 million in the previous fiscal. The segment’s operating revenue declined 42 percent to Rs 52.16 million from Rs 89.88 million in the previous year.

    FM Radio segment’s operating revenue increased 25.5 percent to Rs 100.75 million from Rs 80.26 million in the previous year. The segment’s operating profit more than doubled (increased by 2.5 times) to Rs 33.93 million from Rs 13.51 million.

    BAG Films Leasing segment revenue declined 14.1 percent in FY-17 to Rs 2.50 million from Rs 2.92 million in FY-16. Leasing segment operating loss reduced in FY-17 to Rs 31.97 million from a loss of Rs 38.38 million in the previous year.

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  • RK Arora joins News Nation as CEO

    RK Arora joins News Nation as CEO

    MUMBAI: In a major industry move, RK Arora, who is credited with building brands in the news broadcasting space, has been roped in as chief executive officer (CEO) of News Nation Network. He has a standout track record, result-oriented approach and has a deep understanding of the news ecosystem.

    He will report to the Board. Arora has an experience of 24 years and brings with him industry expertise and formidable credentials.

    In his new role, Arora will spearhead overall responsibility of strategic and operational management of News Nation Network and will oversee the Group’s portfolio of assets spanning news broadcasting.

    Arora was, until recently, a Group CEO of ITV Network and managed group’s six news channels –NewsX, India News and four regional news channels in the Hindi heartland and was instrumental in the company’s transformation and its unprecedented growth within a short span of two years. Prior to ITV Network, he was the CEO with BAG Network (News 24, E24 and Darshan 24). He was also associated with India TV since its inception.

    News Nation Network chairman Abhay Oswal said, “Arora’s illustrious track record make him an ideal choice to lead News Nation Network. He brings a unique combination of astute business acumen and in-depth industry knowledge. Arora has the vision, tenacity and integrity to ensure that News Nation Network will quickly become the success we expect it to be and we are committed to support him to strengthen the company’s leadership in the news genre.”

    On his appointment, Arora said, “I am delighted to be joining News Nation Network as chief executive officer as it moves into the next exciting phase of growth and development. I’ve watched News Nation Network’s impressive strides on both the programming front and in building a unique content network that is clearly unmatched in the marketplace. The company is in a perfect position to dramatically expand in the market and I’m thrilled to take on the role and be a part of the success of News Nation Network.”