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Tag: Hindustan Times

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) in the previous year.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) in the previous year.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • TV5 appoints Dinesh Akula as editor

    TV5 appoints Dinesh Akula as editor

    MUMBAI: 2016 has seen several key movements in the television news industry. The latest addition to that is Dinesh Akula who has joined  Telegu news channel TV5 as its editor. He joins the news channel from  Hyderabad based channel Express TV where he was senior VP-editorial and operations.  Akula will be responsible for the channel’s overall editorial content that goes on-air for TV5, which is run by  Shreya Broadcasting P ltd.

    When asked about his new role, Akula said, “At present I am trying to the understand the system and then will work on the new packaging for the channel. There are lot of ideas which the managing director B.Ravindranath has and it will be my main job to implement it smoothly and successfully.” 

    The move has come after he spent one year in Express TV and close to seven years in TV9 where he was responsible for the on-air content, the look and feel, planning and execution of content strategies for TV9 Telugu and was earlier handling national news desk  for all the six TV9 channels. 

    With 22 years of experience in media, Akula has worked with BBC in Bristol, Sky News in London, Star News (Now ABP News) and Hindustan Times in India among others.

  • TV5 appoints Dinesh Akula as editor

    TV5 appoints Dinesh Akula as editor

    MUMBAI: 2016 has seen several key movements in the television news industry. The latest addition to that is Dinesh Akula who has joined  Telegu news channel TV5 as its editor. He joins the news channel from  Hyderabad based channel Express TV where he was senior VP-editorial and operations.  Akula will be responsible for the channel’s overall editorial content that goes on-air for TV5, which is run by  Shreya Broadcasting P ltd.

    When asked about his new role, Akula said, “At present I am trying to the understand the system and then will work on the new packaging for the channel. There are lot of ideas which the managing director B.Ravindranath has and it will be my main job to implement it smoothly and successfully.” 

    The move has come after he spent one year in Express TV and close to seven years in TV9 where he was responsible for the on-air content, the look and feel, planning and execution of content strategies for TV9 Telugu and was earlier handling national news desk  for all the six TV9 channels. 

    With 22 years of experience in media, Akula has worked with BBC in Bristol, Sky News in London, Star News (Now ABP News) and Hindustan Times in India among others.

  • SureWaves appoints Amit Mudgil to as regional director

    SureWaves appoints Amit Mudgil to as regional director

    MUMBAI: The next generation media convergence SureWaves, has strengthened its core team by appointing Amit Mudgil as regional director – Ad Sales (North).

    With over 12 years of sales experience across the media industry, Mudgil has previously worked for brands like Discovery Network Asia Pacific, Neo Sports Broadcast Pvt Ltd., Eenadu TV and Hindustan Times. He would be responsible for driving the company’s go-to-market strategy in the Northern region, while closely working with various clients and brands in the region.

    Biman Dutta, who was earlier handling the role of regional director (North & East) would now be based in Kolkata and entirely focus on the Eastern region, while consolidating the company’s expansion in the Eastern states.

    Commenting on the announcement, SureWaves CEO Mandar Patwardhan said, “We are delighted to welcome Amit Mudgil onboard. With his rich and varied experience, he brings with him a hands-on understanding of the media industry. Biman Dutta’s exclusive focus on the Eastern market, coupled with Amit Mudgil’s portfolio of handling Northern markets will help us in business expansion, explore untapped opportunities and strengthen our leadership position.”

    Taking on his role at SureWaves, Mudgil said,“I am excited to be a part of SureWaves, and assume the responsibilities of sales in a highly dynamic and exciting region. SureWaves is a market leader in media technology and innovation and believe that with my experience in the media industry, I can contribute to the organization’s overall growth objectives.” 

  • SureWaves appoints Amit Mudgil to as regional director

    SureWaves appoints Amit Mudgil to as regional director

    MUMBAI: The next generation media convergence SureWaves, has strengthened its core team by appointing Amit Mudgil as regional director – Ad Sales (North).

    With over 12 years of sales experience across the media industry, Mudgil has previously worked for brands like Discovery Network Asia Pacific, Neo Sports Broadcast Pvt Ltd., Eenadu TV and Hindustan Times. He would be responsible for driving the company’s go-to-market strategy in the Northern region, while closely working with various clients and brands in the region.

    Biman Dutta, who was earlier handling the role of regional director (North & East) would now be based in Kolkata and entirely focus on the Eastern region, while consolidating the company’s expansion in the Eastern states.

    Commenting on the announcement, SureWaves CEO Mandar Patwardhan said, “We are delighted to welcome Amit Mudgil onboard. With his rich and varied experience, he brings with him a hands-on understanding of the media industry. Biman Dutta’s exclusive focus on the Eastern market, coupled with Amit Mudgil’s portfolio of handling Northern markets will help us in business expansion, explore untapped opportunities and strengthen our leadership position.”

    Taking on his role at SureWaves, Mudgil said,“I am excited to be a part of SureWaves, and assume the responsibilities of sales in a highly dynamic and exciting region. SureWaves is a market leader in media technology and innovation and believe that with my experience in the media industry, I can contribute to the organization’s overall growth objectives.” 

  • Kyoorius introduces Media Awards at Kyoorius Creative Awards 2016

    Kyoorius introduces Media Awards at Kyoorius Creative Awards 2016

    MUMBAI The Kyoorius Advertising and Digital Awards has been renamed Kyoorius Creative Awards with the addition of Media Awards this year. The awards will have three juries, Advertising, Media and Digital, in 2016.

    Kyoorius Creative Awards in association with D and AD will open for entries from Tuesday 15 March 2016 and close on 12 April 2016. Submission of physical entries for the awards will then remain open for a week. Kyoorius is calling for entries across a total of 15 categories and 135 sub-categories. The awards can be entered by any company or individual and is not restricted to agencies. Kyoorius will promote the awards across corporate, production houses and agencies – advertising, media, event, digital, etc

    Kyoorius, for the first time ever, introduced the concept of Open Jury – the jury sessions are open to the industry people to watch, learn, check and benefit from the discussions and display of entries. The Jury session will be held from 4 May to 7 May in Mumbai. In coordination with D&AD, the jury will be a mix of International (West and East) and local jurors. Like every year, the awards will uphold the zero-tolerance policy for scam ads.

    Kyoorius CEO and founder Rajesh Kejriwal said, ‘Awards are primarily to inspire and motivate the industry achievers and I am delighted to announce the inclusion of Media Awards and the renaming of the awards to Kyoorius Creative Awards. I am also happy with the response that we have always got for having a transparent open jury process and we shall continue to do so. I personally feel that many agencies have done brilliant work in the last year and hence I am expecting a lot more entries this year including participation of more agencies.’

    The Kyoorius Creative Awards show will be held on Friday June 3 2016 at The Dome, NSCI in Mumbai and as always will be a spectacular show of creativity. The awards show will be attended by well over 1,500 professionals including CEO’s, marketing directors, brand managers, creative and media gurus, etc.

    The Kyoorius Creative Awards are presented by Colors, powered by Hindustan Times and Rishtey and the other main partners include Happy Finish, Kinetic.

  • Kyoorius introduces Media Awards at Kyoorius Creative Awards 2016

    Kyoorius introduces Media Awards at Kyoorius Creative Awards 2016

    MUMBAI The Kyoorius Advertising and Digital Awards has been renamed Kyoorius Creative Awards with the addition of Media Awards this year. The awards will have three juries, Advertising, Media and Digital, in 2016.

    Kyoorius Creative Awards in association with D and AD will open for entries from Tuesday 15 March 2016 and close on 12 April 2016. Submission of physical entries for the awards will then remain open for a week. Kyoorius is calling for entries across a total of 15 categories and 135 sub-categories. The awards can be entered by any company or individual and is not restricted to agencies. Kyoorius will promote the awards across corporate, production houses and agencies – advertising, media, event, digital, etc

    Kyoorius, for the first time ever, introduced the concept of Open Jury – the jury sessions are open to the industry people to watch, learn, check and benefit from the discussions and display of entries. The Jury session will be held from 4 May to 7 May in Mumbai. In coordination with D&AD, the jury will be a mix of International (West and East) and local jurors. Like every year, the awards will uphold the zero-tolerance policy for scam ads.

    Kyoorius CEO and founder Rajesh Kejriwal said, ‘Awards are primarily to inspire and motivate the industry achievers and I am delighted to announce the inclusion of Media Awards and the renaming of the awards to Kyoorius Creative Awards. I am also happy with the response that we have always got for having a transparent open jury process and we shall continue to do so. I personally feel that many agencies have done brilliant work in the last year and hence I am expecting a lot more entries this year including participation of more agencies.’

    The Kyoorius Creative Awards show will be held on Friday June 3 2016 at The Dome, NSCI in Mumbai and as always will be a spectacular show of creativity. The awards show will be attended by well over 1,500 professionals including CEO’s, marketing directors, brand managers, creative and media gurus, etc.

    The Kyoorius Creative Awards are presented by Colors, powered by Hindustan Times and Rishtey and the other main partners include Happy Finish, Kinetic.

  • Zee Melt’s second edition scheduled for 11-12 March

    Zee Melt’s second edition scheduled for 11-12 March

    MUMBAI: Zee Melt 2016, a festival that brings together advertising, digital, marketing, emerging technologies, the media & PR industry, will be held on 11 and 12 March in New Delhi.

    The two day festival by Kyoorius is in partnership with Zee Entertainment, Hindustan Times, GroupM, and D&AD.

    The festival will host a range of conferences, seminars, exhibitions, showcases, workshops and networking sessions for delegates from advertising, digital, media and PR, marketing and emerging technologies by industry experts. Attendees include: Forsman and Bodenfors, Sweden art director Ted Mellström, Heineken Amsterdam director global Mark van Iterson, Fjord Net, London founder and chief client officer Mark Curtis, Financial Times, London chief data officer Tom Betts, Conde Nast, Mumbai digital director Gaurav Mishra and Stimulant, San Francisco CEO Darren David.

    The content for Melt 2016 is divided across four key pillars namely: Learning, Showcase and Gallery, Networking and Celebration. Each of these pillars are driven by content partners and participating brands and will give delegates an opportunity to gain real insights into the creative communication industry from the industry specialists.

    Zee Entertainment Enterprises MD and CEO Punit Goenka said, “As we pursue our vision 2020 of being ranked amongst the leading global media companies, there has been a conscious effort invested in creating and partnering brand IPs. Zee Melt will enable stakeholders from media, marketing and communications to meet at a common platform and exchange experiences, knowledge and insights. This is the second edition of Melt and I firmly believe that it grow and be accepted as a premier Industry event in the years to come.”

    HT Media chief marketing officer Rajan Bhalla added, “HT is delighted to associate with Melt, which brings together doyens from the world of branding, advertising & media, creating an excellent opportunity to interact and engage with them through intellectually stimulating sessions. I am especially excited about ‘HT Osmosis’ at Melt, which will provide creativity new wings.”

    GroupM South Asia CEO CVL Srinivas said, “We are delighted to continue our association with Melt. It is a platform where leaders from technology, content, data and digital interact with young talent to help shape the future of our industry. Like last year, GroupM agencies and specialist units will help curate content for the event in addition to holding workshops.”

    Kyoorius CEO and founder Rajesh Kejriwal added, “We are delighted to announce the second edition of Zee Melt. This two day gathering of the best speakers and presenters from the industry with the addition of experience zones and workshops is definitely going to set us apart. It is heartening that our founder partners, Zee, Hindustan Times and GroupM, have increased their involvement, bringing more compelling content for delegates to enrich themselves.”

  • Zee Melt’s second edition scheduled for 11-12 March

    Zee Melt’s second edition scheduled for 11-12 March

    MUMBAI: Zee Melt 2016, a festival that brings together advertising, digital, marketing, emerging technologies, the media & PR industry, will be held on 11 and 12 March in New Delhi.

    The two day festival by Kyoorius is in partnership with Zee Entertainment, Hindustan Times, GroupM, and D&AD.

    The festival will host a range of conferences, seminars, exhibitions, showcases, workshops and networking sessions for delegates from advertising, digital, media and PR, marketing and emerging technologies by industry experts. Attendees include: Forsman and Bodenfors, Sweden art director Ted Mellström, Heineken Amsterdam director global Mark van Iterson, Fjord Net, London founder and chief client officer Mark Curtis, Financial Times, London chief data officer Tom Betts, Conde Nast, Mumbai digital director Gaurav Mishra and Stimulant, San Francisco CEO Darren David.

    The content for Melt 2016 is divided across four key pillars namely: Learning, Showcase and Gallery, Networking and Celebration. Each of these pillars are driven by content partners and participating brands and will give delegates an opportunity to gain real insights into the creative communication industry from the industry specialists.

    Zee Entertainment Enterprises MD and CEO Punit Goenka said, “As we pursue our vision 2020 of being ranked amongst the leading global media companies, there has been a conscious effort invested in creating and partnering brand IPs. Zee Melt will enable stakeholders from media, marketing and communications to meet at a common platform and exchange experiences, knowledge and insights. This is the second edition of Melt and I firmly believe that it grow and be accepted as a premier Industry event in the years to come.”

    HT Media chief marketing officer Rajan Bhalla added, “HT is delighted to associate with Melt, which brings together doyens from the world of branding, advertising & media, creating an excellent opportunity to interact and engage with them through intellectually stimulating sessions. I am especially excited about ‘HT Osmosis’ at Melt, which will provide creativity new wings.”

    GroupM South Asia CEO CVL Srinivas said, “We are delighted to continue our association with Melt. It is a platform where leaders from technology, content, data and digital interact with young talent to help shape the future of our industry. Like last year, GroupM agencies and specialist units will help curate content for the event in addition to holding workshops.”

    Kyoorius CEO and founder Rajesh Kejriwal added, “We are delighted to announce the second edition of Zee Melt. This two day gathering of the best speakers and presenters from the industry with the addition of experience zones and workshops is definitely going to set us apart. It is heartening that our founder partners, Zee, Hindustan Times and GroupM, have increased their involvement, bringing more compelling content for delegates to enrich themselves.”