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Tag: HT Media

  • YouTube is the platform to be on, says AIB’s Tanmay Bhat

    YouTube is the platform to be on, says AIB’s Tanmay Bhat

    MUMBAI: The 6th edition of MixRadio Music Connects provided a pivotal platform for the discussion of Indian multi channel networks (MCNs) and how YouTube has helped artists in building a strong viewership, new content and audiences.  When it comes to MCNs, India has a large digital video market and the younger audiences today are more likely to watch digital videos than television.

    Moderated by Music Matters president and Branded co founder and CEO Jasper Donat, the panelists included All India Bakchod (AIB) co founder Tanmay Bhat,  Qyuki Digital Media co founder and managing director Samir Bangara, Ping Network co-founder and director Rajeshree Naik,  Digital Quotient (HT Media) business head entertainment Parmeet Lamba and YouTube India head of content operations Satya Raghavan. The session discussed the advent of MCNs and the rising players who are creating content online.

    As the co-founder of one of India’s leading YouTube channels, Bhat spoke about how it all began for him. He said, “Well, we began as a comedy podcast and then sometime last year, we started doing sketch comedy on YouTube. Our YouTube channel became the fastest growing channels in India. We now also make content for brands”.   

    Raghavan expressed that he was delighted with the fresh content emerging on YouTube. He commented, “Earlier, I used to only watch YouTube for movie trailers but all of a sudden I am finding myself watching unique content on channels like AIB. It’s truly been a fascinating year for YouTube”.  

    Speaking of the business model of YouTube, Raghavan further elaborated, “YouTube is platform where you see online videos. Advertising is our primary source of revenue and we share more than half of that with the creators”.

     
    Bangara added on the role of MCN in today’s market, “We are like the new-age label. We do what record labels did for musicians in the traditional market. Today, you do not have to be in a bar to discover new music talent. YouTube does that for you”.

    Talking about the rise of MCNs, Donat pointed out, “This is an area where there is some serious money. Companies are being bought for hundreds of millions of dollars. One of the biggest MCN deals had Disney acquiring Maker Studios for $500 million plus $400 million earn out”.

    Bangara responded, “We are in the broadcast network creation space and monetization on that is two-fold. Ad monetisation on YouTube is not sufficient. As a MCN, we bring a lot of branded content to the table. We take talent, package them and promote them to brands. Our business model is a mix of brand monetization as well as CPM ad monetisation”.

    Naik agreed with Bangara and further added, “This business is eventually going to be based on relationships. The technology platform is YouTube but the MCN is purely a service business. It’s all about understanding the ecosystem and helping the artists benefit”.

    Parmeet Lamba commented, “It is also important that we help individual artistes in monetizing and distributing their content.  In the regional space, a lot of Punjabi music has been coming up. We build talent and they become popular. There are a lot of deals and collaborations happening in the market. A lot of brands are approaching us to feature their products for the artists’ next videos. The brands offer to sponsor these artists. And with the gained popularity, these performing artists get more live gigs”.

    Elaborating on how YouTube helped him in his popularity meter, Bhat said, “When we attended the YouTube fanfest this year, it was a very overwhelming experience. People were watching us on their phones. It was a different level of engagement altogether. YouTube is the platform to be on!”

    Adding on to that, Raghavan added, “There are a lot of cover singers who are becoming popular. We also get to see original content in the music space. Being on YouTube definitely gets you more gigs and it is an amazing platform for the common man to express himself. However, one needs to constantly put up content. Fans love to see the passion you have for your craft and the engagement level needs to be high. The creator needs to be disciplined and also focus on interacting with his or her fans. 2015 is going to be the year of music!”

     While speaking on the potential of YouTubers breaking into the mainstream music scene, Naik opined, “If you were a musician about 20 years ago, you would have sung for about 5 years and then made a video. Today if you want to be a musician, you need to begin with the video. Today, you have that platform that can help you get noticed. That pretty much sums up why digital videos are so important for musicians”.

     

  • Q2-2015: HT Media: Radio segment reports 45 per cent higher operating result

    Q2-2015: HT Media: Radio segment reports 45 per cent higher operating result

    BENGALURU: HT Media Limited (HT Media) radio segment reported a 45.3 per cent q-o-q growth in operating result for Q2-2015 at Rs 6.64 crore versus Rs 4.57 crore in Q1-2015 and 41.6 per cent more than the Rs 4.69 crore in the corresponding quarter of 2014. The segment’s HY-2015 operating result at Rs 11.21 crore was 34.1 per cent more than the Rs 8.36 crore in HY-2014.
     
    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore
    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.
     
    HT Media’s radio segment reported revenue of Rs 24.35 crore in Q2-2014, which was 1.6 per cent more than the Rs 23.97 crore in Q1-2015 and 9.9 per cent more than the Rs 22.16 per cent in Q2-2014. The company operates four radio stations in the country under the brand Fever 104 FM.
     
    Let us look at the other Q2-2015 and HY-2015 figures reported by HT Media
     
    HT Media reported total income from operations (TIO) of Rs 560.88 crore in Q2-2015, which was 2.6 per cent more than the Rs 546.41 crore in Q1-2015 and 4.9 per cent more than the Rs 534.65 crore in Q2-2014. For HY-2015, HT Media reported TIO of Rs 1107.29 crore which was Rs 1075.58 crore in HY-2014.
     
    The company’s PAT for Q2-2015 at Rs 43.89 crore (7.8 per cent of TIO) was 34.3 per cent more than the Rs 32.67 crore (6 per cent of TIO) in Q1-2015 but 24.6 per cent lower than the Rs 58.18 crore (10.9 per cent of TIO) in Q2-2014. For HY-2015, HT Media reported PAT of Rs 94.64 crore (8.6 per cent of TIO), which was 18 per cent lower than the Rs 115.42 crore (11.7 per cent of TIO) in HY-2014.
     
    Three segments contribute to HT Media’s revenue – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.
     
    Radio segment’s results have been mentioned above. HT Media’s publishing segment reported revenue of Rs 510.75 crore (91.1 per cent of TIO) in Q2-2015, which was 1.8 per cent more than the Rs 501.54 crore (19.8 per cent of TIO) in Q1-2015 and 3 per cent more than the Rs 495.85 crore (12 per cent of TIO). In HY-2015, the publishing segment reported revenue of Rs 1012.29 crore (91.4 per cent of TIO) which was 1.2 per cent more than the Rs 1000.43 crore in HY-2014.
     
    HT Media’s publishing segment reported a fall of 6.6 per cent in operating result at Rs 131.59 crore in HY-2015 versus Rs 140.94 crore in HY-2014. For Q2-2015, the segment reported 3.9 per cent higher operating result at Rs 67.04 crore versus Rs 64.55 crore in Q1-2015 and 12.7 per cent more than the Rs 495.85 crore in the corresponding quarter of last fiscal.
     
    The digital segment reported a 5.1 per cent higher revenue at Rs 24.93 crore in Q2-2015 as compared to the Rs 23.72 crore in Q1-2015 and more than double (up 2.4 times) the Rs 10.38 crore in Q2-2014. For HY-2015, HT Media’s digital segment reported a 39.6 per cent growth in revenue to Rs 48.65 crore versus the Rs 34.86 crore in HY-2014. This segment has been regularly reporting loss. Loss is Q2-2015 was Rs 14.7 crore; for Q1-2015 loss was Rs 12.19 crore; for Q2-2014 loss was Rs 10.29 crore. For HY-2015, HT Media’s digital segment reported loss of Rs 26.89 crore versus Rs 27.33 crore in HY-2014.
     
    Speaking about the performance this current quarter, HT Media chairperson and editorial director Shobhana Bhartia said, “We are glad to report a stable growth in operating revenue and profit this quarter on the back of increased advertising volumes and yields for most of our dailies. Our growth initiatives in Mumbai and UP continue to deliver results.”

    “Our digital businesses have shown robust growth and our radio business continues to outperform. We remain optimistic on the medium term outlook for HTML as the economy revives and industrial growth gets back on track. We believe there will be significant opportunities for the company as the economic environment improves,” he added.

     

    Click here to see financial result

  • Q1-2015: HT Media reports flat results and pared profits

    Q1-2015: HT Media reports flat results and pared profits

    BENGALURU: HT Media (HT Media) reported almost flat revenue in Q1 2015 at Rs 540.51 crore, just 1 per cent more y-o-y than the Rs 540.93 crore in Q1 2014 and 0.5 per cent more than revenue of Rs 543.84 crore in Q4 2014.

     

    Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.

     

    (2) All figures in this report are consolidated figures filed by the company, except for Advertising & Sales Promotion (ASP), which are the standalone figures filed by HT Media.

     

    The company’s Q1 2015 PAT fell 6.2 per cent q-o-q to Rs 32.67 crore as compared to the Rs 34.84 crore in Q4 2014 and was 36.7 per cent less than the Rs 51.58 crore in Q1 2014. Q-o-q PAT was affected by higher employee benefits, higher other expense, higher depreciation and amortisation (depreciation) and higher loss from its digital and unallocated segment and lower operating results from its printing segment.

     

    HT Media’s radio segment, which contributed just 4.4 per cent to the total revenue in Q1 2015, saw a rise of 4.8 per cent in operating revenue to Rs 23.97 crore as compared to the Rs 22.88 crore in Q4 2014 and a rise of 12 per cent as compared to the Rs 21.41 crore in Q1 2014. The radio segment’s operating result dipped 5 per cent in Q1 2015 to Rs 4.57 crore as compared to the Rs 4.81 crore in Q4 2014 and was 24.5 per cent more than the Rs 3.67 crore in Q1 2014. The company operates four radio stations in the country under the brand Fever 104 FM.

     

    HT Media’s printing segment which contributes to more than 90 per cent of its top line and bottom line saw an increase of 1.2 per cent in its revenue to Rs 501.54 crore in Q1 2015 from Rs 495.65 crore in Q4 2014 and was 0.6 per cent less than the Rs 505.58 crore in Q1 2014. The segment reported a 17.3 per cent drop in operating results to Rs 64.55 crore in Q1 2015 from Rs 78.04 crore in Q4 2014 and a 20.8 per cent fall as compared to the Rs 81.46 crore in Q1 2014.

     

    HT Media’s digital segment operating revenue grew 8.7 per cent in Q1 2015 to Rs 23.72 crore from Rs 21.82 crore in Q4 2014 and was 39.1 per cent more than the Rs 17.05 crore in Q1 2014. The segment’s operating loss widened from Rs 7.58 crore in the last quarter to Rs 12.19 crore in Q1 2015.

     

    Loss from the unallocated segment also grew in Q1 2015 to Rs 22.28 crore from Rs 21.49 crore in the immediate trailing quarter.

     

    HT Media’s employee benefit expense in Q1 2015 was Rs 125.16 crore, in Q4-2014 it was Rs 105.76 crore and in Q1 2014, it was Rs 105.52 crore. Depreciation figures were Rs 27.34 crore in Q1 2015; Rs 21.61 crore in Q4 2014 and Rs 21.86 crore in Q1 2014.

     

    The company’s advertisement and sales promotion expense (standalone basis) in Q1 2015 at Rs 25.85 crore was 1.1 per cent more than the Rs 25.26 crore in Q4 2014.

  • BARC gets IRS data, to start installation of peoplemeters soon

    BARC gets IRS data, to start installation of peoplemeters soon

    MUMBAI: A fortnight ago, concerns were raised about India’s audience measurement system, Broadcast Audience Research Council’s (BARC), rolling out its operation on time.

     

    BARC’s chairman Punit Goenka had earlier said that due to delay in receiving the establishment data from Indian Readership Survey (IRS) there might be a delay in the roll out of the rating system in October, as scheduled earlier.

     

    As reported earlier by indiantelevision.com, the council had also set a deadline for the IRS to share the data with it. The council had then pointed out that since the matter wasn’t sub judice as the Bombay High Court had allowed media houses and agencies to use the IRS report 2013 for marketing and media planning purposes on the petition filed by HT Media (HTML), IRS cannot deny sharing any data.

     

    However, all such concerns can now be shoved under the carpet as IRS has shared the data required to start the roll out process. “We have got the IRS data,” says an industry source. But, this is just one part. Informs the source, “Installing peoplemeters will still take a month or so. Now that the data has come to us, we need to design actual panel, identify the households, recruit them, get approval from them for installing peoplemeters and only then can the installing of peoplemeters take place. All this will take a minimum of a month or so.”

     

    BARC has already installed test meters to check for any faults in the peoplemeters being manufactured. “We need to test the peoplemeters for several conditions like: power fluctuation, environment condition etc. So far the meters have been working properly,” he adds. When asked about the number of test meters installed, without revealing much he says, “It is in three digits.” 

     

    However according to another industry source who could not contain the excitement says that the installation of peoplemeters shouldn’t take more than a couple of weeks. “As soon as we sort out the process, the installations will start across the 22,000 households across the country in the first phase as the council had said earlier,” informs the source, while stating that the entire installation process will take up to six weeks. BARC will produce 25000 peoplemeters.

     

    “It’s that fast,” proudly boasts the source.

     

     

  • HT Media PAT up 24 per cent in FY-2014; Radio operating results triple

    HT Media PAT up 24 per cent in FY-2014; Radio operating results triple

    BENGALURU: HT Media Limited (HT Media) reported a 23.79 per cent jump in PAT in FY-2014 to Rs 207.53 crore (9.43 per cent of Total Operating Income or Tot Inc) as compared to the Rs 167.65 crore (8.18 per cent of Tot Inc) in FY-2013. The company’s radio segment reported a tripling (2.83 times) of operating results to Rs 20.96 crore in FY-2014 as compared to the Rs 7.40 crore in FY-2013. This segment seems to be going from strength to strength as it had reported a negative result of Rs (-4.38) crore in FY-2012.

     

    In Q4-2014, the radio segment result at Rs.4.81 crores was (-38.25) per cent lower than the Rs.7.79 crores in Q3-2014 and 4.58 times the Rs 1.05 crore in Q4-2013.

     

    Click here for the full report

  • Digital media eats into traditional media spend

    Digital media eats into traditional media spend

    MUMBAI: India’s low ad-spend-to-GDP ratio makes it one of the most promising ad markets globally, says IIFL’s Institutional Equities. In  a Media sector report titled “India: Ad-vert > Ad-word – Digital yet to come of age,” IIFL states that digital media is eating ad space with the other traditional forms of media like the print and television media and has been the fastest growing advertising media. This trend is likely to continue as the Internet user base expands at a brisk pace.

     

    India’s digital ad market grew at 43% CAGR over the past decade to ~Rs25bn, far in excess of the overall ad-spend growth of 13% during this period. Digital now accounts for 7% of the total ad spend, compared with 1% in CY03. A multi-fold rise in the Internet user base over CY03-13 (from 5m to 169m) and increasing acceptance of the digital platform among advertisers drove this growth. The supernormal growth in Internet penetration is likely to continue, driven by the Internet on mobile, the report states.

     

    However, India still is behind developed markets in terms of mobile technology and internet connectivity, hence there is no immediate threat to Print and Television advertising from the digital media ad spends, the report adds.

     

    Emergence of digital would materially harm the print industry in the medium to long term. English print is at a higher risk compared with regional print. Moreover, given the limited reach of the Internet, certain India-specific factors would help print to face competition from digital media. Ad spend on Indian print is expected to continue to increase in the medium term.

     

    “However, a larger audience base and diversified viewer profile make television advertising indispensable. Additionally television is a better-suited medium for certain types of ads such as new product launches or brand building. Hence, the impact of the Internet on television would be lower as compared with print. An analysis of ad spends for the past ten years reveals that print ad spend is more sensitive to economic growth. These factors make television ad spend more resilient,” says Bijal Shah and Jaykumar Doshi of IIFL Institutional Equities, authors of the report.

     

    Print media ad spends growth decelerated sharply from 16% CAGR during CY03-07 to a meagre 4.5% CAGR in the past three years. The slowdown in English was more pronounced than in vernacular languages. Vernacular papers benefited from continued strength in smaller towns and villages. A drop in ad spend from large national categories such as BFSI, telecom, and consumer durables, partly explains the weaker growth for print. Additionally, education and real estate, the two big categories, witnessed a sharp deceleration. Local advertisers maintained their higher spends, riding on the buoyancy in consumption.

     

    FMCG, Consumer durables and Auto constitutes to 65% of overall ad spends on television. Both FMCG and Auto ad spends have shown signs of slowing down, where as the Consumer durable companies are witnessing sluggishness in sales volumes, impacting the Television ad spend going forward and we can witness marginal growth in this segment. However Mobile handsets and e-commerce ad spends have supplemented in the overall as spends on television and have emerged as new categories. The television ad spend growth is expected to soften to high single digits.

     

    A sustained 6%+ GDP growth could accelerate ad-spend growth to 15%+, compared with 9% CAGR over CY10-13, as per IIFL’s Institutional Equities research report on media industry. The report further states that in medium term, TV and print should dominate ad budgets whereas digital would play a complementary role. Digital advertising is gaining traction, but limited reach and minimal fresh and vernacular content are limitations.

     

    Following the general elections, government ad spend, a key tailwind for print media in FY14, would taper. Thus, print media ad-spend growth could remain lacklustre in FY15 unless GDP growth picks up.

     

    Some key highlights from the report are:

    · India’s low ad-spend-to-GDP ratio and rising consumerism make it one of the most promising ad markets

    · A sustained 6%+ GDP growth could accelerate ad-spend growth to 15%+ compared with 9% Cagr over CY10-13.

    · Given its miniscule reach and slow Internet speed in India, digital is unlikely to emerge as a key advertising vehicle in the short-to-medium term

    · However driven by rising Internet penetration digital ad spends will continue to grow by 2-3 times the total ad spends  

    · TV would continue to be the mainstay for advertisers, given limited fresh content and absence of certain key target audience group such adult females on digital

    · Television ad spend is double that of digital in the US

     

    Few stocks recommended in the media industry:

     

    Zee Entertainment

    Zee Entertainment (Zee) is the best play on structural improvement in India’s pay television market and resilient consumption. Zee’s distribution joint venture with Star network, coupled with digitisation, would help secure its rightful share of subscription revenue. Furthermore, a diversified bouquet of channels and improving network market share would translate into above-industry ad-revenue growth. Meanwhile, Zee is investing in new channels and markets, which we believe lays the foundation for long-term growth.

    Call: ADD

     

    SUN TV Network

    Sun TV Network (Sun) is a strong player in the Rs36bn southern ad market with a leadership position in three of the four markets. Its diversified revenue stream and bouquet of channels, large movie library, and low-cost operations are advantages that are difficult to replicate. Subscription revenue is growing at a brisk pace and the momentum is likely to sustain. We expect ad revenue growth to resume following a drop for two consecutive quarters. At PER of 16x FY16ii, Sun is trading at ~15% its median multiple and at 33% discount to Zee. We believe the risk-reward is favourable.

    Call: ADD

     

    DB Corp

    DB Corp, through its flagship brands Dainik Bhaskar, Divya Bhaskar, and Divya Marathi, enjoys a well-entrenched franchise in several print media markets. Over the past two decades, it has evolved from a single-city newspaper to a strong player in several regional markets. DB Corp delivered double-digit ad-revenue growth even during periods of subdued ad spend. It has built a strong readership base and it is poised for gains in revenue market share. Healthy ad-revenue growth along with margin expansion would drive 20% EPS CAGR over FY14-16ii. At 16.4x FY15ii, scope for re-rating is limited; we expect returns in line with earnings growth.

    Call: BUY

     

    Jagran Prakashan

    Jagran Prakashan (Jagran), publisher of Dainik Jagran, India’s most read Hindi daily, enjoys a strong brand franchise in the key Hindi markets of Uttar Pradesh (UP), and Bihar and Jharkhand (BJH). Competitive intensity is on the rise in UP and BJH, which together contribute ~75% to Jagran’s ad revenue. DB Corp’s entry in Bihar and Hindustan’s readership gains in UP as per IRS 2013 are medium-term risks. In the interim, lower losses at subsidiaries would help margins. At 12.3x FY15ii P/E, Jagran is valued attractively and it is trading at ~35% discount to its three-year median multiple despite 17% EPS CAGR FY14ii-16ii.

    Call: ADD

     

    HT Media

    HT Media is one of the largest print media players in India with a well-entrenched franchise in the English and Hindi markets. We believe the long investment phase in new businesses is nearing an end. Two key properties, HT Mumbai and Hindustan UP, are at inflection points and should boost ad-revenue growth in a weak environment. Losses in digital would continue but will likely remain stable. At PER of 9.8x/7.9X FY15ii/FY16ii, valuations are compelling, given upside risks to our forecast of 20% EPS CAGR.

    Call: BUY

    Disclaimer: The views expressed in the research report accurately reflect such research analyst’s personal views about the subject securities and companies; and that no part of his or her compensation was, is, or will be directly or indirectly related to the specific recommendation or views contained in the research report.`

  • Q3-2014: HT Media Fever FM’s operating profit three times a year ago

    Q3-2014: HT Media Fever FM’s operating profit three times a year ago

    BENGALURU: HT Media Limited’s Fever 104 FM radio business reported its operating profit in the third quarter ended 31 December, 2013 at Rs 7.79 crore was over three-times a year ago and was up 66.1 per cent from a quarter ago.

     

    In the nine months ended 31 December, 2013, Fever’s operating profit at Rs 16.15 crore was two-and-a-half times a year ago. Fever’s consolidated operating profit was Rs 7.40 crore in 2012-13.

     

    HT Media’s Fever 104 FM operates radio stations in Mumbai, Bangalore, Kolkata and Delhi.

     

    HT Media’s core business –  Printing and Publishing of Newspapers and Periodicals — saw operating profit grow 2.6 per cent to Rs 85.93 crore in the third quarter of 2013-14 from Rs 83.78 crore a year ago. The printing and publishing business’ operating profit in the third quarter was up 44.5 per cent from Rs 59.48 crore a quarter ago.

     

    In the nine months ended 31 December, 2013, printing and publishing business’ operating profit rose 16.2 per cent to Rs 226.87 crore from Rs 195.28 crore a year ago. In 2012-13, HT Media’s Printing & Publication segment reported consolidated operating profit of Rs 263.69 crore.

     

    HT Media reported a growth of 6.1 per cent in Q3-2014 consolidated income from operations to Rs 573.04 crore from Rs 540.25 crore in Q3-2013 and a growth of 8.8 per cent from Rs 526.83 crore in Q2-2014.

     

    In the nine months ended 31 December, 2013, HT Media’s consolidated operating Income rose 7.1 per cent to Rs 1,632.1 crore from Rs1,524.45 crore a year ago. In 2012-13, HT Media’s consolidated operating income was Rs 2015.99 crore.

     

    HT Media’s consolidated total expenses in the third quarter rose 5.2 per cent to Rs 506.53 crore from Rs 481.58 crore a year ago and 2.8 per cent more than Rs 492.61 crore a quarter ago.

     

    In the nine months ended 31 December, 2013, the company’s consolidated total expenses rose 5.6 per cent to Rs 1,483.95 crore from Rs 1,405.27 crore a year ago. In 2012-13, the company’s total consolidated expenses were Rs 1,857.26 crore.

     

    HT Media’s consolidated PAT in Q3-2014 at Rs 67.02 crore was 25 per cent more than Rs 53.61 crore a year ago and 15.2 per cent more than Rs 58.18 crore a quarter ago. HT Media’s PAT in the nine months ended 31 December, 2013 was Rs 172.69 crore, up 35.4 per cent more than Rs 127.57 crore a year ago. The company’s PAT for 2012-13 was Rs 167.65 crore.

     

    Segment Figures

     

    HT Media’s Printing & Publishing segment saw 4 per cent rise in consolidated operating revenue in Q3-2014 to Rs 533.53 crore from Rs 513.04 crore in the corresponding quarter of last year and an increase of 7.6 per cent from Rs 495.85 crore in Q2-2014. YTD, the segment’s Operating revenue grew by 4.9 per cent to Rs 1523.96 crore from Rs 1452.85 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 1919.95 crore.

     

    Radio (Fever) reported revenue of Rs 26.67 crore for Q3-2014, which was 24.9 per cent more than the Rs 21.35 crore in Q3-2013 and 20.4 per cent more than the Rs 22.16 crore in Q2-2014. YTD, revenue of Rs 70.24 crore was 17.3 per cent more than the Rs 59.87 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 78.3 crore.

     

    HT Media’s Digital segment saw operating revenue growth of 41.7 per cent to Rs 19.54 crore in Q3-2014 from 13.79 crore in Q3-2013 and a growth of 9.71 per cent as compared to the Rs 17.81 crore in Q2-2014. YTD, this segment grew 38.9 per cent to Rs 54.4 crore from Rs 39.16 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 53.77 crore.

     

    Loss from HT Media’s Digital segment fell (14.2) per cent to Rs (7.6) crore in the current quarter from Rs (8.86) crore in Q3-2013 and was (26.1) per cent lower than the Rs (10.29) crore in Q2-2014. However, YTD, the Digital segment’s loss of Rs (34.93) crore was higher by 14.4 per cent as compared to the Rs (30.54) crore in the corresponding nine month period of last year. During FY 2013, the segment reported loss of (38.56) crore.

     

    Unallocated segment revenue was Rs 3.62 crore in Q3-2014; Rs 1.16 crore in Q3-2013; Rs 2.55 crore in Q2-2014; Rs 8.81 crore YTD as compared to the Rs 5.27 crore in the corresponding nine month period of last year. For FY 2013 Unallocated segment revenue was Rs 8.97 crore. Loss from this segment was: Rs (11.37) crore in Q3-2014; Rs (12) crore in Q3-2013; Rs (11.84) crore in Q2-2014; YTD Rs (35.18) crore as compared to the Rs (28.51) crore in the corresponding nine month period of last year. For FY 2013, Unallocated segment reported loss of Rs (41.31) crore.

  • Fever Entertainment brings back NODDY live to Bengaluru & Mumbai

    Fever Entertainment brings back NODDY live to Bengaluru & Mumbai

    MUMBAI: Fever Entertainment, the finest entertainment company in India is bringing the live production show ‘Noddy in Toyland’ for the 1st time in Bengaluru & Mumbai. The show is travelling to these cities after a full house performance in Delhi last year. The much-loved Enid Blyton character will take on the stage this December and is scheduled to be held at Good Shepherd Auditorium, Bangalore on 28th, 29th November & 1st Dec’ 13 and in Rabindra Natya Mandir, Mumbai from 6th to 8th Dec’ 13.

    Noddy and his friends have been entertaining children for generations now. The performance will see stage actors bring alive the 64 year old series, beyond books, TV and DVDs. The 1.5 hours international show is in English with real life characters of Noddy and his friends who will be performing live. The show features the story of Noddy in Toyland with spectacular music and sets with loads of interactivity for the audience. The live production is produced by Premier Stage Productions UK and would enthrall kids and families alike.

    Commenting on the initiative Harshad Jain – Business Head, Radio and Entertainment – HT Media says, “We got Noddy in Toyland to India for the 1st time last year and got a fabulous response from our audience. People travelled from other cities specially to catch this production ive in Delhi. Noddy is very popular in India and has been a part of growing up for most of us. This year we are taking the troupe to the other 2 metro cities and are sure that this too will be a great success.India at present has limited options when it comes to family entertainment and by bringing concepts like these, we are aiming to provide a platform where families can be a part a world class experience”.

    Noddy and his friends are all fun and excitement and Noddy’s best friends are Big Ears, Tessie Bear, Bumpy Dog and the Tubby Bears.

    Tickets for the show can be bought online through www.bookmyshow.com andwww.mycity4kids.com the prices start at Rs. 1000 and onwards.

  • HT Media launches Singapore edition of Mint

    MUMBAI: HT Media has launched an international weekly ‘MintAsia‘, Asia‘s weekly window into Indian business and economy, in Singapore this weekend.

    MintAsia will come out every Friday and will also be available on stands at a cover price of 6SGD. The weekly would have a print run of 3,000 copies.

    It is an unbiased and clear minded weekly with in-depth analysis and sharp insights that will keep the global audience abreast of developments shaping the Indian economy and markets.

    Talking about the idea behind the launch of this paper in Singapore, HT Media CEO Rajiv Verma said, “When we conceptualized Mint, we were always very clear that it would be a regional media brand and I am delighted that, with this launch in Singapore of MintAsia, we have started on that journey. This is a first for an Indian media company.”

    The paper will be unveiled at the IIMPact alumni event in Singapore on 6th April, 2013, by Mr. Raghuram Rajan, Chief Economic Advisor to the Government of India and Mr. R Sukumar, Editor, MintAsia.

    The content of the paper will be distributed into various sections including Banking & Finance, Policy & Corporate Affairs, Opinions & Views of experts across industries and a lifestyle section from Mint Lounge.

    MintAsia Editor R Sukumar, while talking about the content of the paper, said, “Singapore is one of the world‘s foremost financial centres and many decisions regarding investments in India happen here. With our unique Web First approach and a weekly print offering, both backed by an integrated newsroom we will try and cater to the India-specific information needs of the discerning Singapore reader.”

  • Trident associates with HT Media for print advertising

    MUMBAI: Trident Group has entered into an agreement with HT Media for advertising in print.

    The duration of the agreement is two years.

    The company has confirmed that neither HT Media nor any of its associates have any shareholding in the company. The agreement does not contain any clause, by virtue of which HT can appoint any nominee director on the board of the company or can exercise any management control or have any potential conflict of interest arising out of such agreement.

    Also, the company has not entered into any other back to back treaties, contracts, agreements, MoUs or similar instruments with HT or any of its associates for the purpose of advertising and publicity.