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Tag: HT Media

  • HT Media elevates two senior executives

    HT Media elevates two senior executives

    MUMBAI: HT Media has announced promotions of two of its senior executives – Diptakirti Chaudhuri and Parveen Gupta.

    Chaudhuri got elevated from his current role of HT Delhi head- marketing to a new role in the digital domain as head, strategy and new businesses, digital business.

    Meanwhile, Gupta has been promoted to take Chaudhuri’s position of head-marketing for HT Delhi.

    Chaudhuri, in this new role, would be a part of the leadership team of digital business, and be responsible for working on new category evaluation and entry. He will report to HT Media business head-digital Amit Garg.

    Gupta will be responsible for the entire consumer and product agenda for the brand and will report to Hindustan Times marketing head Rajesh Ramakrisnan.

  • HT Media unveils business daily ‘Mint’ priced at Rs 2

    HT Media unveils business daily ‘Mint’ priced at Rs 2

    MUMBAI: HT Media Ltd., publisher of Hindustan Times and Hindustan, has launched its business newspaper titled Mint.

    The brand and logo was unveiled by HT Media vice chairperson Shobhana Bhartia and The Wall Street Journal Asian managing director Christine Brendle at an event in New Delhi.

    Set to hit news stands on 1 February, Mint will initially be available in New Delhi and Mumbai from Monday to Saturday at Rs 2. As part of a pre-launch campaign a yearly subscription of Rs 299 was introduced.

    As far as the logic of the HT-WSJ tie-up goes, every weekday four pages of news will be sourced from The Wall Street Journal and Dow Jones. These will be articles selected by Mint’s editors with the Indian reader in mind, states an official release.

    “Mint is product of a unique collaboration between HT Media and The Wall Street Journal, which will bring life to the world of business and participate in the business of life,” Bhartia said. “Mint is constructed around Indian business and economy and the way it is impacting the world and captures the trends of the world for India to leverage.”

    The weekend edition of Mint has taken the magazine route style. The Saturday edition Lounge is a standalone offering aimed at “reinvigorating the readers with its emphasis on living healthier, wealthier and happier lives.”

    The newspaper’s online edition, www.LIVEMINT.com, will also go live on 1 February. Along with LIVEMINT.com, the new newspaper also offers new advertising opportunities that start with print and extend into online.

    Managing editor of the paper Raju Narisetti said, “It is a clear recognition that our readers are busy and mobile. The format is part of our promise to help readers deal with the torrents of unevaluated words coming their way each day. Our approach extends to careful selection of stories and providing clear writing, presentation and analysis.”

    The paper has been designed by world-renowned newspaper designer Mario Garcia and will be in a unique Berliner size that will bring, for the first time to readers in India, a globally proven, convenient format, states the release.

    “We are excited about the unique concept we’re launching, and the added benefits it will bring to our readers and advertisers,” said Publisher Rajan Bhalla,. “Mint’s differentiated design will also offer advertisers new content adjacencies, innovative placement opportunities and impactful advertising units.”

  • HT Media & Time of India Group to join hands to publish newspaper for Delhi

    HT Media & Time of India Group to join hands to publish newspaper for Delhi

    MUMBAI: The two print media heavyweights HT Media Ltd and The Times of India Group will now be embarking on a joint venture to publish a newspaper in Delhi. 

    The endavour is meant to cater to changing needs of the reader and the arrival of Delhi as an International city. The joint venture will draw strength from the competencies of both Groups, allowing them to work together to efficiently grow an exciting and nascent market.
    The 50:50 joint venture (JV) has to be approved by the board, as informed to the Bombay Stock Exchange (BSE).

    HT Media Ltd vice chairperson Shobhana Bhartia said, “We are pleased to collaborate with BCCL on this value creating opportunity which reflects our commitment to delivering Highly relevant editorial content. We believe that the new paper will give advertisers an opportunity to engage the reader on an unprecedented level.”

    The company’s flagship Hindustan Times newspaper was inaugurated by Mahatma Gandhi in 1924. It also publishes the Hindustan (Hindi paper) and will shortly launch FM radio stations and a daily business newspaper in key Indian metros.

    The Times of India Group holds some of the leading newspaper, magazine, radio, Internet and television brands in the country. The Group also has a significant presence in music, filmed entertainment, events, out of home advertising and multimedia.

  • HT Media net trebles at Rs 306.3 million

    HT Media net trebles at Rs 306.3 million

    MUMBAI: HT Media Limited has reported a 33 per cent increase in revenues for the quarter ended 30 June 2006 to Rs. 2.48 billion, compared to Rs 1.86 billion a year ago. This is driven primarily by contributions from the Mumbai operations which was launched in July 2005, the company said in a release.

    Enhanced operating efficiencies and robust ad revenue growth resulted in a 113.3 per cent improvement in operating profits (EBITDA) for the quarter which increased to Rs 606.2 million. The operating margin for the quarter improved to 24.5 per cent from 15.3 per cent last year.

    Pre-tax profits recorded a substantial increase from Rs 154.2 million last year to Rs 473.6 million in Q1FY2007. Net profit for the quarter under review, when compared with corresponding period last year, more than trebled to Rs 306.3 million from Rs 98.1 million, translating into an EPS (non-annualized) of Rs 6.53.

    Commentiing on the performance HT Media vice chairperson and editorial director Shobhana Bhartia said: “Our performance during the quarter has been very encouraging. We are pleased to report that our Mumbai operations are performing in line with plan, enabling us to attract national advertisers and better rates. In addition to being a leader in the English market, we are also one of the country’s largest players in the Hindi segment where we are expanding our footprint. Our operations continue to be fundamentally robust, and we intend to make further investments in new growth initiatives during the current year. Our growth strategy is working as intended and we believe that the outlook for the full year is quite strong.