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Tag: Entertainment Network

  • Z Living premiering three series in US

    Z Living premiering three series in US

    MUMBAI: Leading Health Entertainment Network, Z Living is premiering three new series in an all-new primetime programming block kicking off January 2017 in the US.

    ZEEL president – content & strategy, international business Rajeev Kheror said, “More than two years ago, in October 2014, we created an entirely new category – ‘Health Entertainment’ in the US with the launch of the Z Living Network. This January, the Z Living Network takes another momentous step as we further strengthen the original programming with the launch of our three new series – ‘Altar’d’, ‘Finding Fido’ and ‘POPSUGAR Presents: Conquered’. These programs which embrace our positioning, will further define Health Entertainment to the world.”

    All three original shows evoke Z Living’s mission of creating content focused on all aspects of healthy living, including food, fitness, family, relationships, lifestyle and more.

    Altar’d airs at 8 pm ET/PT, followed up by Finding Fido, featuring award-winning photographer and New York Times Best-Selling Author Seth Casteel (“Underwater Dogs,” “Pounce”), at 9 pm ET/PT and POPSUGAR Presents: Conquered at 10 pm ET/PT. New episodes for all three series will air weekly on Tuesday nights.

    Altar’d captures the journeys of six engaged couples who are determined to lose weight and adopt healthy lifestyles before saying “I do.” Three months prior to their nuptials, the future bride and groom are paired with acclaimed fitness trainers Chris Marhefka and Erin Stutland to shape their transformations. However, in a twist that none of the participants see coming, the couples will be separated, unable to see each other for the entire 90 days until they are reunited for an incredible and emotional reveal at the altar. While the arduous process brings many of the couples closer together, it offers others a newfound clarity that could prompt them to re-evaluate their anticipated walk down the aisle. Altar’d is produced by Bodega Pictures. Josh Ackerman and Benjamin Nurick are executive producers. Tim Krubsack serves as executive producer for Z Living.

    In each episode of Finding Fido, Casteel plays matchmaker to hopeful pet owners-to-be and dogs in need of homes. After meeting with prospective “pet parents,” he gets to know their environment, assesses their health, wellness and lifestyle needs, and then locates three potential canine candidates. The future owners spend time with each dog – at home and in public – before finally determining their perfect match. Throughout each episode, Casteel also demonstrates quick and easy dog behavioral tests that can help evaluate a specific canine’s personality and demeanor. Finding Fido is produced by 3 Ball Entertainment. Todd A. Nelson, Ross Weintraub, DJ Nurre, Jeff Altrock, Tim Krubsack and Jay Bluemke are executive producers.

    From POPSUGAR Studios, Conquered unveils unique and uplifting stories about people – from the everyday to the influential – who have broken boundaries and conquered obstacles in order to achieve their goals. Each half-hour episode will explore such themes as physical achievement, career, personal relationships and health, among others. POPSUGAR Presents: Conquered is produced by POPSUGAR Studios. Executive producers for POPSUGAR are Nicole Lucas Haimes, Ted Haimes, Jordan Allen and David Grant. Tim Krubsack executive produces for Z Living.

  • Z Living premiering three series in US

    Z Living premiering three series in US

    MUMBAI: Leading Health Entertainment Network, Z Living is premiering three new series in an all-new primetime programming block kicking off January 2017 in the US.

    ZEEL president – content & strategy, international business Rajeev Kheror said, “More than two years ago, in October 2014, we created an entirely new category – ‘Health Entertainment’ in the US with the launch of the Z Living Network. This January, the Z Living Network takes another momentous step as we further strengthen the original programming with the launch of our three new series – ‘Altar’d’, ‘Finding Fido’ and ‘POPSUGAR Presents: Conquered’. These programs which embrace our positioning, will further define Health Entertainment to the world.”

    All three original shows evoke Z Living’s mission of creating content focused on all aspects of healthy living, including food, fitness, family, relationships, lifestyle and more.

    Altar’d airs at 8 pm ET/PT, followed up by Finding Fido, featuring award-winning photographer and New York Times Best-Selling Author Seth Casteel (“Underwater Dogs,” “Pounce”), at 9 pm ET/PT and POPSUGAR Presents: Conquered at 10 pm ET/PT. New episodes for all three series will air weekly on Tuesday nights.

    Altar’d captures the journeys of six engaged couples who are determined to lose weight and adopt healthy lifestyles before saying “I do.” Three months prior to their nuptials, the future bride and groom are paired with acclaimed fitness trainers Chris Marhefka and Erin Stutland to shape their transformations. However, in a twist that none of the participants see coming, the couples will be separated, unable to see each other for the entire 90 days until they are reunited for an incredible and emotional reveal at the altar. While the arduous process brings many of the couples closer together, it offers others a newfound clarity that could prompt them to re-evaluate their anticipated walk down the aisle. Altar’d is produced by Bodega Pictures. Josh Ackerman and Benjamin Nurick are executive producers. Tim Krubsack serves as executive producer for Z Living.

    In each episode of Finding Fido, Casteel plays matchmaker to hopeful pet owners-to-be and dogs in need of homes. After meeting with prospective “pet parents,” he gets to know their environment, assesses their health, wellness and lifestyle needs, and then locates three potential canine candidates. The future owners spend time with each dog – at home and in public – before finally determining their perfect match. Throughout each episode, Casteel also demonstrates quick and easy dog behavioral tests that can help evaluate a specific canine’s personality and demeanor. Finding Fido is produced by 3 Ball Entertainment. Todd A. Nelson, Ross Weintraub, DJ Nurre, Jeff Altrock, Tim Krubsack and Jay Bluemke are executive producers.

    From POPSUGAR Studios, Conquered unveils unique and uplifting stories about people – from the everyday to the influential – who have broken boundaries and conquered obstacles in order to achieve their goals. Each half-hour episode will explore such themes as physical achievement, career, personal relationships and health, among others. POPSUGAR Presents: Conquered is produced by POPSUGAR Studios. Executive producers for POPSUGAR are Nicole Lucas Haimes, Ted Haimes, Jordan Allen and David Grant. Tim Krubsack executive produces for Z Living.

  • TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    MUMBAI: TV Today Network shall not undertake the agreement, entered into with Entertainment Network (India) Limited, to sell three Metro FM Radio stations, as was earlier approved by the board in its meeting held on 13 November 2015, according to a BSE filing.

    TV Today had inked a deal to sell seven Oye FM radio stations to ENIL which operates Radio Mirchi. However, MIB did not approve sale of three stations and the matter went before the Delhi High Court.

    Such sale agreement was subject to the approval of the MIB or an order from the Delhi High Court allowing the sale of Metro Radio stations whichever is earlier.

    TV Today said it would now reorganise the radio business. The company would approach the Ministry of Information and Broadcasting to seek permission to migrate its radio business from phase II to phase III.

    “The committee of senior officials in their meeting held on 19 December, 2016 has approved the initiation of procedural modalities w.r.t proposal of migrating its radio business from phase II to the FM radio phase III, that would enable the company from reorganisation of its radio business,” TV Today said in a BSE filing.

    “The migration fee will involve a total net capital expenditure of Rs 71.36 crore excluding other charges/interest and will be completed within three months,” it added.

  • TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    MUMBAI: TV Today Network shall not undertake the agreement, entered into with Entertainment Network (India) Limited, to sell three Metro FM Radio stations, as was earlier approved by the board in its meeting held on 13 November 2015, according to a BSE filing.

    TV Today had inked a deal to sell seven Oye FM radio stations to ENIL which operates Radio Mirchi. However, MIB did not approve sale of three stations and the matter went before the Delhi High Court.

    Such sale agreement was subject to the approval of the MIB or an order from the Delhi High Court allowing the sale of Metro Radio stations whichever is earlier.

    TV Today said it would now reorganise the radio business. The company would approach the Ministry of Information and Broadcasting to seek permission to migrate its radio business from phase II to phase III.

    “The committee of senior officials in their meeting held on 19 December, 2016 has approved the initiation of procedural modalities w.r.t proposal of migrating its radio business from phase II to the FM radio phase III, that would enable the company from reorganisation of its radio business,” TV Today said in a BSE filing.

    “The migration fee will involve a total net capital expenditure of Rs 71.36 crore excluding other charges/interest and will be completed within three months,” it added.

  • FM P-III auction: EMD, bidders initial eligibility declared

    FM P-III auction: EMD, bidders initial eligibility declared

    NEW DELHI: Even as the day of the e-auction of the second batch of FM Phase III on 25 October 2016 approaches, the Government has released the earnest money deposit (EMD) by the pre-qualified bidders and the initial eligibility points (IEP) of each of these.

    According to a list put up on the website of the Information and Broadcasting Ministry, Entertainment Network (India) Limited of the Times Group tops the list with an EMD of over Rs 375 million (Rs 37.5 crore) thus gaining 15,000 eligibility points. This is followed by Ushodaya Enterprises Private Limited with around Rs 133.3 million (around Rs 13.33 crore) as EMD,getting 5331 IEP and Kal Radio Limited with EMD of Rs 133 million (Rs 13.3 crore) and 5320 IEP.

    All the 11 bidders have put in an EMD of less than Rs 130 million (Rs 13 crore). The list of pre-qualified bidders for e-Auction of the second batch of private FM Radio Phase-III channels:

    No. Name of Applicant EMD
    Initial Eligibility Points

    1 Abhijit Realtors& Infraventures Private Limited Rs
    2,58,75,000 1035

    2 Dharmik InfomediaPrivate Limited Rs
    7,75,000 31

    3 EntertainmentNetwork (India) Limited Rs
    37,50,00,000 15000

    4 Hotel Polo TowersPrivate Limited Rs
    1,25,000 5

    5 JCL Infra Limited
    Rs19,50,000 78

    6 Kal Radio Limited
    Rs 13,30,00,000 5320

    7 Malar PublicationsPrivate Limited Rs
    5,26,50,075 2106

    8 Purvy BroadcastsPrivate Limited Rs
    10,32,500 41

    9 Rockstar EIPrivate Limited Rs
    1,25,000 5

    10 Sambhaav MediaLimited Rs
    6,88,50,000 2754

    11 South Asia FMLimited Rs
    4,40,00,000 1760

    12 The Malayala Manorama Company Limited Rs 1,75,50,025
    702

    13 The Mathrubhumi Printing & Publishing Co Ltd Rs 1,76,00,000
    704

    14 Ushodaya Enterprises Private Limited Rs
    13,32,98,950 5331

    As stipulated in the notice inviting applications of 20 June 2016, bidders are required to submit their bid for at least one city in the first clock round. Any bidder failing to do so in the first clock round will forfeit its EMD in its entirety. The ministry said any assistance in this regard is available on contact helpdesk +91-124- 430 2039 or support@c1eauctions.com.

    The second batch of FM Radio Phase-III channels comprises 266 channels in 92 cities. The channels include 227 channels in 69 fresh cities and 39 channels in 23 existing cities which had remained unsold as there were no bids. As in the first stage, the e-auctions will be conducted by C1 India Private Ltd. A pre-bid conference was held on 11 July 2016, followed by training and then a mock auction earlier this month.

    The first payment of 25 per cent of the successful bid amount will be made within five calendar days, and the remaining within 15 calendar days of the close of the auction and notification of successful bidders by the Government.

  • FM P-III auction: EMD, bidders initial eligibility declared

    FM P-III auction: EMD, bidders initial eligibility declared

    NEW DELHI: Even as the day of the e-auction of the second batch of FM Phase III on 25 October 2016 approaches, the Government has released the earnest money deposit (EMD) by the pre-qualified bidders and the initial eligibility points (IEP) of each of these.

    According to a list put up on the website of the Information and Broadcasting Ministry, Entertainment Network (India) Limited of the Times Group tops the list with an EMD of over Rs 375 million (Rs 37.5 crore) thus gaining 15,000 eligibility points. This is followed by Ushodaya Enterprises Private Limited with around Rs 133.3 million (around Rs 13.33 crore) as EMD,getting 5331 IEP and Kal Radio Limited with EMD of Rs 133 million (Rs 13.3 crore) and 5320 IEP.

    All the 11 bidders have put in an EMD of less than Rs 130 million (Rs 13 crore). The list of pre-qualified bidders for e-Auction of the second batch of private FM Radio Phase-III channels:

    No. Name of Applicant EMD
    Initial Eligibility Points

    1 Abhijit Realtors& Infraventures Private Limited Rs
    2,58,75,000 1035

    2 Dharmik InfomediaPrivate Limited Rs
    7,75,000 31

    3 EntertainmentNetwork (India) Limited Rs
    37,50,00,000 15000

    4 Hotel Polo TowersPrivate Limited Rs
    1,25,000 5

    5 JCL Infra Limited
    Rs19,50,000 78

    6 Kal Radio Limited
    Rs 13,30,00,000 5320

    7 Malar PublicationsPrivate Limited Rs
    5,26,50,075 2106

    8 Purvy BroadcastsPrivate Limited Rs
    10,32,500 41

    9 Rockstar EIPrivate Limited Rs
    1,25,000 5

    10 Sambhaav MediaLimited Rs
    6,88,50,000 2754

    11 South Asia FMLimited Rs
    4,40,00,000 1760

    12 The Malayala Manorama Company Limited Rs 1,75,50,025
    702

    13 The Mathrubhumi Printing & Publishing Co Ltd Rs 1,76,00,000
    704

    14 Ushodaya Enterprises Private Limited Rs
    13,32,98,950 5331

    As stipulated in the notice inviting applications of 20 June 2016, bidders are required to submit their bid for at least one city in the first clock round. Any bidder failing to do so in the first clock round will forfeit its EMD in its entirety. The ministry said any assistance in this regard is available on contact helpdesk +91-124- 430 2039 or support@c1eauctions.com.

    The second batch of FM Radio Phase-III channels comprises 266 channels in 92 cities. The channels include 227 channels in 69 fresh cities and 39 channels in 23 existing cities which had remained unsold as there were no bids. As in the first stage, the e-auctions will be conducted by C1 India Private Ltd. A pre-bid conference was held on 11 July 2016, followed by training and then a mock auction earlier this month.

    The first payment of 25 per cent of the successful bid amount will be made within five calendar days, and the remaining within 15 calendar days of the close of the auction and notification of successful bidders by the Government.

  • Q3-2016: ENIL reports 23% YoY revenue

    Q3-2016: ENIL reports 23% YoY revenue

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 22.9 per cent YoY increase in Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 per cent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    The company’s profit after tax (PAT) in Q3-2016 declined 18.8 per cent to Rs 26.99 crore (18.8 per cent margin) as compared to Rs 32.84 crore (28.1 per cent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 per cent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore.

    Notes: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The numbers in this report are consolidated unless stated otherwise.

    Let us look at some of the other numbers reported by ENIL:

    The company’s EBIDTA in Q3-2016 at Rs 49.74 crore (34.6 per cent margin) was 11.6 per cent higher YoY as compared to Rs 44.58 crore (38.2 per cent margin) and was 39.3 per cent higher QoQ as compared to Rs 35.71 crore (30.7 per cent margin) in the previous quarter.

    ENIL total expense (TE) in Q3-2016 at Rs 102.74 crore (71.6 per cent of TIO) was 27.6 per cent higher YoY as compared to Rs 80.53 crore (69 per cent of TIO) and was 13.1 per cent higher QoQ as compared to Rs 90.86 crore (78.1 per cent of TIO) in Q2-2016.

    ENIL paid 17.5 per cent higher license fee in Q3-2016 at Rs 6.87 crore (4.8 per cent of TIO) as compared to Rs 5.84 crore (five per cent of TIO), but 12.3 per cent lower than the Rs 7.83 crore (6.7 per cent of TIO) in Q2-2016.

    The company’s marketing expense in Q3-2016 at Rs 31.78 crore (22.1 per cent of TIO) was 53.3 per cent more YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) and was more than double (2.06 times) QoQ as compared to Rs 15.47 crore (13.3 per cent of TIO) in Q2-2016.

    The company’s programming and royalty expenses in the current quarter increased 20.6 per cent to Rs 4.77 crore (3.3 per cent of TIO) as compared to Rs 3.96 crore (3.4 per cent of TIO) in the corresponding year ago quarter and was 13.1 per cent higher than the Rs 4.22 crore (3.6 per cent of TIO) in Q2-2016.

    Other expenses in Q3-2016 at Rs 25.72 crore (17.9 per cent of TIO) was 24 per cent higher YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) but was 18 per cent lower as compared to Rs 31.37 crore (21 per cent of TIO) in the immediate trailing quarter.

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 24.70 crore (17.2 per cent of TIO) was 16.5 per cent more YoY as compared to Rs 21.21 crore (18.2 per cent of TIO) and was 14 per cent more QoQ as compared to Rs 21.67 crore (18.6 per cent of TIO).

    ENIL managing director and CEO Prashant Panday said, “The festive quarter has been a terrific one for us! We have grown by 23 per cent in Q3 this year after having grown at 19 per cent in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!”

    ENIL’s participation in the first batch of Phase-3 auctions resulted in an expansion of its footprint into seven new towns namely Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

    Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent the airport.

  • Q3-2016: ENIL reports 23% YoY revenue

    Q3-2016: ENIL reports 23% YoY revenue

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 22.9 per cent YoY increase in Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 per cent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    The company’s profit after tax (PAT) in Q3-2016 declined 18.8 per cent to Rs 26.99 crore (18.8 per cent margin) as compared to Rs 32.84 crore (28.1 per cent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 per cent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore.

    Notes: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The numbers in this report are consolidated unless stated otherwise.

    Let us look at some of the other numbers reported by ENIL:

    The company’s EBIDTA in Q3-2016 at Rs 49.74 crore (34.6 per cent margin) was 11.6 per cent higher YoY as compared to Rs 44.58 crore (38.2 per cent margin) and was 39.3 per cent higher QoQ as compared to Rs 35.71 crore (30.7 per cent margin) in the previous quarter.

    ENIL total expense (TE) in Q3-2016 at Rs 102.74 crore (71.6 per cent of TIO) was 27.6 per cent higher YoY as compared to Rs 80.53 crore (69 per cent of TIO) and was 13.1 per cent higher QoQ as compared to Rs 90.86 crore (78.1 per cent of TIO) in Q2-2016.

    ENIL paid 17.5 per cent higher license fee in Q3-2016 at Rs 6.87 crore (4.8 per cent of TIO) as compared to Rs 5.84 crore (five per cent of TIO), but 12.3 per cent lower than the Rs 7.83 crore (6.7 per cent of TIO) in Q2-2016.

    The company’s marketing expense in Q3-2016 at Rs 31.78 crore (22.1 per cent of TIO) was 53.3 per cent more YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) and was more than double (2.06 times) QoQ as compared to Rs 15.47 crore (13.3 per cent of TIO) in Q2-2016.

    The company’s programming and royalty expenses in the current quarter increased 20.6 per cent to Rs 4.77 crore (3.3 per cent of TIO) as compared to Rs 3.96 crore (3.4 per cent of TIO) in the corresponding year ago quarter and was 13.1 per cent higher than the Rs 4.22 crore (3.6 per cent of TIO) in Q2-2016.

    Other expenses in Q3-2016 at Rs 25.72 crore (17.9 per cent of TIO) was 24 per cent higher YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) but was 18 per cent lower as compared to Rs 31.37 crore (21 per cent of TIO) in the immediate trailing quarter.

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 24.70 crore (17.2 per cent of TIO) was 16.5 per cent more YoY as compared to Rs 21.21 crore (18.2 per cent of TIO) and was 14 per cent more QoQ as compared to Rs 21.67 crore (18.6 per cent of TIO).

    ENIL managing director and CEO Prashant Panday said, “The festive quarter has been a terrific one for us! We have grown by 23 per cent in Q3 this year after having grown at 19 per cent in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!”

    ENIL’s participation in the first batch of Phase-3 auctions resulted in an expansion of its footprint into seven new towns namely Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

    Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent the airport.

  • Q3-2016: TV Today revenue up 18%; PAT up 40%

    Q3-2016: TV Today revenue up 18%; PAT up 40%

    BENGALURU: Following revenue and profit growth in the previous quarter, TV Today Network Limited (TVTN) reported 18.1 per cent YoY increase in standalone Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) to Rs 149.67 crore as compared to Rs 126.88 crore and 17.8 per cent higher QoQ as compared to Rs 127.04 crore.

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers in this report are standalone unless stated otherwise.

    Profit after tax (PAT) for Q3-2016 increased 40.1 per cent YoY to Rs 36.90 crore (24.7 per cent margin) as compared to Rs 26.34 crore (20.8 per cent margin) and 51.8 per cent higher QoQ as compared to Rs 24.32 crore (19.1 per cent margin). 

    The company had sold four of its radio stations at Amritsar, Patalia, Jodhpur and Shimla on 18 September, 2015 to Entertainment Network (India) Limited (ENIL) as an ongoing concern for a lump sum consideration of Rs 4 crore adjusted for net working capital as a sale agreement. The transaction resulted in a profit of Rs 2.07 crore included in ‘Other Income’. 

    The company had sought permission from the Ministry of Information and Broadcasting to grant approval of its three radio stations in New Delhi, Mumbai and Kolkata, which was subsequently refused. Subsequently, TVTN has filed a writ petition at the High Court in New Delhi against the MIB’s refusal, which is still pending.

    EBIDTA calculated for Q3-2016 at Rs 55.82 crore (37.3 per cent margin) increased 27.7 per cent YoY as compared to Rs 43.71 crore (34.5 per cent margin) and was 27.7 per cent higher QoQ as compared to Rs 35.71 crore (28.1 per cent margin).

    Segment revenue

    TVTN’s Television Broadcasting segment (TV segment) reported a 16.6 per cent YoY increase in operating revenue in Q3-2016 at Rs 147.65 crore as compared to Rs 126.68 crore and 18.7 per cent more QoQ as compared to Rs 124.43 crore in Q2-2016. Operating profit from the segment in the current quarter increased 49.1 per cent YoY to Rs 54.48 crore as compared to Rs 39.22 crore and 49.1 per cent higher QoQ as compared to Rs 36.68 crore.

    The company’s radio segment reported 49.4 per cent YoY decline in operating revenue at Rs 2.02 crore as compared to Rs 4 crore, and 22.5 per cent lower operating revenue as compared to Rs 2.61 crore in the immediate trailing quarter. The segment’s operating loss in the current quarter was higher at Rs 2.54 crore as compared to the operating loss of Rs 1.94 crore in Q3-2015 but lower than the operating loss of Rs 5.48 crore in Q2-2016.

    Rebranding of Headlines Today to India Today

    In Q1-2016, TVTN rebranded its English news channel from Headlines Today to India Today from 23 May, 2015 in order to benefit from the brand name of India Today. TVTN says that it incurred a marketing expense of Rs 14.38 crore towards re-branding in that quarter. Consequently, the company’s advertisement, distribution and sales promotion expense (ad expense) in Q1-2016 was Rs 38.24 crore (30.1 per cent of TIO). This quarter, TVTN’s ad expense was one per cent lower YoY at Rs 24.82 crore (16.6 per cent of TIO) as compared to Rs 25.06 crore (19.8 per cent of TIO) but was 5.5 per cent more than Rs 23.53 crore (18.5 per cent of TIO) in Q2-2016.

    Let us look at the other numbers reported by TVTN

    Total Expenditure in Q3-2016 at Rs 101.24 crore (67.5 per cent of TIO) was 11.7 per cent higher YoY as compared to Rs 86.20 crore (71.4 per cent of TIO) and was two per cent higher QoQ as compared to Rs 99.03 crore (78 per cent of TIO) in the previous quarter.

    Production cost in Q3-2016 increased 14.9 per cent YoY to Rs 13.75 crore (9.2 per cent of TIO) as compared to Rs 11.96 crore (9.4 per cent of TIO) and almost flat (up 0.2 per cent) QoQ as compared to Rs 13.72 crore (10.8 per cent of TIO).

    Employee Benefit Expense in the current quarter at Rs 37.26 crore (24.9 per cent of TIO) was 19.5 per cent higher YoY as compared to Rs 31.19 crore (20.7 per cent of TIO) and was 11.6 per cent higher QoQ as compared to Rs 33.38 crore (26.3 per cent of TIO) was 16 per cent higher YoY as compared to Rs 28.78 crore.

    Other expenses in Q3-2016 at Rs 18.02 crore (12 per cent of TIO) was 22 per cent higher YoY as compared to Rs 14.77 crore (11.7 per cent of TIO), but was 12.9 per cent lower QoQ as compare to Rs 20.71 crore (16.3 per cent of TIO).

  • Q3-2016: TV Today revenue up 18%; PAT up 40%

    Q3-2016: TV Today revenue up 18%; PAT up 40%

    BENGALURU: Following revenue and profit growth in the previous quarter, TV Today Network Limited (TVTN) reported 18.1 per cent YoY increase in standalone Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) to Rs 149.67 crore as compared to Rs 126.88 crore and 17.8 per cent higher QoQ as compared to Rs 127.04 crore.

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers in this report are standalone unless stated otherwise.

    Profit after tax (PAT) for Q3-2016 increased 40.1 per cent YoY to Rs 36.90 crore (24.7 per cent margin) as compared to Rs 26.34 crore (20.8 per cent margin) and 51.8 per cent higher QoQ as compared to Rs 24.32 crore (19.1 per cent margin). 

    The company had sold four of its radio stations at Amritsar, Patalia, Jodhpur and Shimla on 18 September, 2015 to Entertainment Network (India) Limited (ENIL) as an ongoing concern for a lump sum consideration of Rs 4 crore adjusted for net working capital as a sale agreement. The transaction resulted in a profit of Rs 2.07 crore included in ‘Other Income’. 

    The company had sought permission from the Ministry of Information and Broadcasting to grant approval of its three radio stations in New Delhi, Mumbai and Kolkata, which was subsequently refused. Subsequently, TVTN has filed a writ petition at the High Court in New Delhi against the MIB’s refusal, which is still pending.

    EBIDTA calculated for Q3-2016 at Rs 55.82 crore (37.3 per cent margin) increased 27.7 per cent YoY as compared to Rs 43.71 crore (34.5 per cent margin) and was 27.7 per cent higher QoQ as compared to Rs 35.71 crore (28.1 per cent margin).

    Segment revenue

    TVTN’s Television Broadcasting segment (TV segment) reported a 16.6 per cent YoY increase in operating revenue in Q3-2016 at Rs 147.65 crore as compared to Rs 126.68 crore and 18.7 per cent more QoQ as compared to Rs 124.43 crore in Q2-2016. Operating profit from the segment in the current quarter increased 49.1 per cent YoY to Rs 54.48 crore as compared to Rs 39.22 crore and 49.1 per cent higher QoQ as compared to Rs 36.68 crore.

    The company’s radio segment reported 49.4 per cent YoY decline in operating revenue at Rs 2.02 crore as compared to Rs 4 crore, and 22.5 per cent lower operating revenue as compared to Rs 2.61 crore in the immediate trailing quarter. The segment’s operating loss in the current quarter was higher at Rs 2.54 crore as compared to the operating loss of Rs 1.94 crore in Q3-2015 but lower than the operating loss of Rs 5.48 crore in Q2-2016.

    Rebranding of Headlines Today to India Today

    In Q1-2016, TVTN rebranded its English news channel from Headlines Today to India Today from 23 May, 2015 in order to benefit from the brand name of India Today. TVTN says that it incurred a marketing expense of Rs 14.38 crore towards re-branding in that quarter. Consequently, the company’s advertisement, distribution and sales promotion expense (ad expense) in Q1-2016 was Rs 38.24 crore (30.1 per cent of TIO). This quarter, TVTN’s ad expense was one per cent lower YoY at Rs 24.82 crore (16.6 per cent of TIO) as compared to Rs 25.06 crore (19.8 per cent of TIO) but was 5.5 per cent more than Rs 23.53 crore (18.5 per cent of TIO) in Q2-2016.

    Let us look at the other numbers reported by TVTN

    Total Expenditure in Q3-2016 at Rs 101.24 crore (67.5 per cent of TIO) was 11.7 per cent higher YoY as compared to Rs 86.20 crore (71.4 per cent of TIO) and was two per cent higher QoQ as compared to Rs 99.03 crore (78 per cent of TIO) in the previous quarter.

    Production cost in Q3-2016 increased 14.9 per cent YoY to Rs 13.75 crore (9.2 per cent of TIO) as compared to Rs 11.96 crore (9.4 per cent of TIO) and almost flat (up 0.2 per cent) QoQ as compared to Rs 13.72 crore (10.8 per cent of TIO).

    Employee Benefit Expense in the current quarter at Rs 37.26 crore (24.9 per cent of TIO) was 19.5 per cent higher YoY as compared to Rs 31.19 crore (20.7 per cent of TIO) and was 11.6 per cent higher QoQ as compared to Rs 33.38 crore (26.3 per cent of TIO) was 16 per cent higher YoY as compared to Rs 28.78 crore.

    Other expenses in Q3-2016 at Rs 18.02 crore (12 per cent of TIO) was 22 per cent higher YoY as compared to Rs 14.77 crore (11.7 per cent of TIO), but was 12.9 per cent lower QoQ as compare to Rs 20.71 crore (16.3 per cent of TIO).