Tag: NDTV Convergence

  • Times Internet forays into content marketing with ‘Spotlight’

    Times Internet forays into content marketing with ‘Spotlight’

    MUMBAI: When conventional modes of communication are failing marketers, they are increasingly looking to reinvent the old formulas in a new light, content marketing being one of them. Not just the media and creative start-ups but digital media behemoths like Times Internet have invested in the content game. Times Internet has recently launched a one stop digital content solutions studio -‘Spotlight.’ With an aim to be strategic partners with brands, Spotlight will cater to branded content needs of the clients.

    “Spotlight will help marketers define their content strategy, create it and distribute it, not only on our platforms but across their own and others. We will also help them understand how to measure their return on their branded content efforts by helping them translate them into traditional marketing metrics. What makes Spotlight stand out will be its ability to create branded content not only in English, but 9 other Indian regional languages across 150 million users,” said Times Internet, CRO, Gulshan Verma.

    The company is banking on its massive reach in the country through multiple content based platforms like Times of India, Economic Times, NavBharat Times, iDiva Gaana, MagicBricks, and many more. Spotlight intends to tap into the interest graph of its client’s target audience and drive brand recall and preference through contextualizing reach.

    “It’s been on our mind for a while and we finally had a robust plan together and got all the experts we needed to start the process and we did! With some of the best minds in the business across genres it’s makes absolute sense to give the very best we have to offer to our clients. Neha Gupta, who comes from NDTV Convergence will be heading the operations at Spotlight and I’m positive she will do a stellar job,” he added.

    When it comes to production, Verma informed that Spotlight will produce a huge chunk of the content in-house backed by capabilities in terms of photos, videos and articles, while also exploring commissioning options as well. “We have our in-house team of experts with in-depth knowledge across industries who work with the brand to understand the key result areas and building content with them, and thereafter they ideate and create the final product with the production team, who have been specially brought in the Spotlight team. We provide end to end solutions,” he said.

    Though digital videos are often synonymous with short form content, Spotlight will explore a ‘bit of both.’ With an intention to go beyond engaging audience over snack-sized content, Verma shared that they don’t mind investing in long term projects that may give rise to an extended storyline or even a web series.

    “We would prefer to work with marketers on a comprehensive plan and sometimes that may involve building a long term story including a video web series, but also articles, questionnaires, photo shoots. As to whether it would be long or short form – it depends on what the goal is – initially, the focus for a marketer is to do bite size content that can be consumed quickly and spark interest, but as you draw audiences in, it could be taken forward. We even partner with our brands to create on the ground events such as the one we recently did with GE at the ET Health World launch where CEOs and decision makers in that space got together for an evening,” explained Verma.

    Since the video boom, advertisers are jumping on the content marketing bandwagon. However, more often than not they make one time small investment that doesn’t give them the promised result from the medium, which in turn affects the adopt-ability of the marketing form.

    When asked how Verma intends to handle this trend within advertisers, he shared, “It’s a complicated and tedious process to coordinate one activity for a marketer and get content producers, execution and promotion across to a large audience in one place today. The power of content marketing is being realized through increasing adoption of native advertising already. The slower adoption rate is a function of lack of content experts who can create meaningful and qualitative content on a large scale and engage mass audience within the defined TG. Most marketers need to connect with one unit for content and another for reach. Spotlight intends to bring every aspect of content marketing as a one stop creative powerhouse.”

    With its brand new content marketing arm, Times Internet plans to become an umbrella under which all types of brands can seek solutions, rather than taking the specialisation route.

    “In the Industry we can see the first movers being mostly consumer brands but education, finance and real estate are also getting into content space extensively. Times Internet can help you along every stage of the sales funnel. From creating awareness, to driving trials, to point of sale conversions and re-targeting loyal consumers. This makes Spotlight the partner of choice for most industry categories. We have the capability of combining content marketing with the desired impact at any stage of sales process,” Verma shared, adding that they already are in talks with several brands to sign deals.

  • Q2-2016: NDTV YoY Television revenue up 15%

    Q2-2016: NDTV YoY Television revenue up 15%

    BENGALURU: New Delhi Television Limited (NDTV) reported 15.1 per cent YoY revenue growth for its Television Media and related operations segment at Rs 125.25 crore in the quarter ended 30 September, 2015 (Q2-2016, current quarter) as compared to Rs 108.83 crore. The segment’s revenue for the current quarter was up 7.3 per cent QoQ from Rs 116.76 crore.

     

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

    All numbers In this report are consolidated unless stated otherwise

     

    To leverage the NDTV brand, NDTV had started two additional businesses – Digital business (NDTV Convergence) about 10 years ago and E-commerce business about two years ago. But these businesses also reported growth in YoY revenue. NDTV’s Retail/E-commerce business reported 73.3 per cent YoY revenue growth in the current quarter at Rs 3.95 crore as compared to the Rs 2.28 crore in Q2-2015, but a QoQ decline of 31.5 per cent from Rs 5.77 crore.

     

    The company says that its digital business reported 30 per cent YoY growth with revenue of Rs 26 crore in the current quarter as compared to Rs 20 crore in Q2-2015.

     

    NDTV’s consolidated Total Income from Operations (TIO) in Q2-2016 increased 15.6 per cent YoY to Rs 127.60 crore from Rs 110.38 crore and increased 6.3 per cent QoQ from Rs 120.01 crore.

     

    NDTV reported lower loss at Rs 7.11 crore in the current quarter as compared to the loss of Rs 20.18 crore in Q2-2015 and a loss of Rs 14.60 crore in the immediate trailing quarter.

     

    The company’s EBIDTA numbers including ‘Other Income’ in the current quarter improved YoY and QoQ. For Q2-2016, NDTV reported lower operating loss of Rs 10.92 crore as compared to the operating loss Rs 12 crore in Q2-2015 and the operating loss of Rs 15.33 crore in the immediate trailing quarter.

     

    Television Media and related operations segment

     

    Television Media and related operations numbers include numbers from the company’s Digital Business. NDTV’s Television and allied operations reported Operating Profit of Rs 1 crore in Q2-2016 as compared to an operating loss of Rs 11 crore in Q2-2015. Digital Business EBIDTA declined from Rs 3 crore in the corresponding year ago quarter to Rs 1 crore in the current quarter.

     

    Overall, the segment reported lower operating loss of Rs 8.41 crore in Q2-2016 as compared to operating loss of Rs 15.22 crore in Q2-2015 and operating loss of Rs 12.55 crore in the immediate trailing quarter.

     

    Retail/E-Commerce segment

     

    Retail/E-commerce segment revenue numbers have been mentioned above. The segment reported operating loss of Rs 10.89 crore in the current quarter as compared to the operating loss of Rs 3.16 crore in Q2-2015 and the operating loss of Rs 8.39 crore in Q1-2016.

     

    Let us look at the other numbers reported by NDTV

     

    Total Expenditure (TE) in the current quarter increased 7.1 per cent YoY to Rs 148.77 crore as compared to Rs 132.43 crore, and was two per cent higher QoQ as compared to Rs 145.92 crore.

     

    NDTV’s consolidated Production Expense increased 26.7 per cent YoY to Rs 27.41 crore in Q2-2016 as compared to the Rs 21.64 crore and increased 20.2 per cent QoQ from Rs 22.79 crore.

     

    The company’s marketing, distribution and promotional expense (marketing expense) in the current quarter increased 21.3 per cent YoY to Rs 30.28 crore from Rs 24.96 crore and increased 3.2 per cent QoQ from Rs 29.33 crore.

     

    NDTV’s Employee Benefit Expense increased 4.3 per cent YoY in the current quarter to Rs 47.63 crore from Rs 45.65 crore and declined 6.2 per cent QoQ from Rs 50.77 crore.

     

    Operating and administration expenses in Q2-2016 declined 3 per cent YoY to Rs 31.42 crore from Rs 32.41 crore, but increased 4.7 per cent QoQ from Rs 30.01 crore.

     

    Finance Costs in the current quarter declined 8.2 per cent YoY to Rs 5.23 crore from Rs 5.70 crore and declined 6.1 per cent QoQ from Rs 5.57 crore.

  • NDTV Convergence inks Rs 90 – 100 crore deal with Taboola

    NDTV Convergence inks Rs 90 – 100 crore deal with Taboola

    MUMBAI: NDTV’s digital arm NDTV Convergence has inked a partnership with content discovery platform Taboola. The companies have signed a three year deal, the worth of which is pegged in the range of Rs 90 – 100 crore ($13-15 million) based on traffic projections across web and mobile.

    NDTV Convergence’s partnership with Taboola will power content recommendations to its audience of over 60 million unique visitors. Taboola will serve as the exclusive, multi-platform content discovery partner across all its properties. In addition to providing advertisers with an option to now target the premium NDTV audience through native content marketing, Taboola will also work with NDTV to increase user engagement.

    NDTV group CEO and executive director Vikram Chandra said, “We are really happy to extend this partnership with Taboola who have been great partners over the last year. This truly is a landmark deal given its size and scale, making it the largest and one-of-its kinds in the Indian digital media eco-system.”

    NDTV Convergence CEO & managing editor Suparna Singh added, “We are always striving to provide our consumers with high-quality and the best possible content. When we started this journey, the web was a much simpler place. Today, as social media feeds continue to fragment the user base, we need to customise content based on user interest. As always, we aim to be on the cutting edge and this partnership also gives us a new and unique way to monetise our growing audience across platforms.”

    “It’s an incredible honour to work with such a highly respected global publisher as NDTV, and we look forward to working with Vikram, Suparna, and the entire NDTV editorial team in continuing to boost overall audience engagement and revenue. We see India as a massive opportunity for marketers to reach new audiences since so many citizens are accessing the Internet for the first time via mobile and this partnership is a testament to our commitment to providing Indians with high quality content they may like and never knew existed,” said Taboola CEO and founder Adam Singolda.

  • NDTV inks deals with multiple potential investors for e-commerce ventures

    NDTV inks deals with multiple potential investors for e-commerce ventures

    MUMBAI: The Prannoy Roy led New Delhi Television Ltd (NDTV) has signed preliminary deals with certain potential investors for its e-commerce ventures in the fields of food, auto, and gadgets.

     

    In the auto sector, portals like CarDekho.com, CarWale.com, CabKhabri.com and Gaadi.com amongst others operate in the Indian market. In the food sector too, portals for pre-cooked and uncooked food like travelkhana.com,merafoodchoice.com, Getlunchin.com and biryani360.com have mushroomed recently. On the other hand, portals specifically selling gadgets are far and few.

     

    An established player in the news content business, NDTV has ample online content around these segments in NDTV Gadgets (gadgets.ndtv.com), NDTV Food (food.ndtv.com) and NDTV Auto (auto.ndtv.com). NDTV’s e-commerce ventures in these specific areas will only stand to benefit from the backing it will receive from the network.

     

    While the company has signed term sheets with potential investors in the food, auto and gadgets sectors, along with its subsidiary company NDTV Convergence, it did not divulge names of the companies that the deals have been signed with.

     

    It may be recalled that in March this year, NDTV’s board had given in principle approval for setting up of online ventures including digital transactions.

     

    In a filing on the Bombay Stock Exchange, NDTV said, “The term sheets are non-binding and are subject to the parties agreeing upon and executing the definitive agreements, which will include detailed terms and conditions in relation to the proposed transactions.”

     

    The company said that the proposed transactions would be subject to various conditions precedent to be specified in the definitive agreements, including due diligence, receipt of requisite corporate authorizations, approvals and regulatory approvals.

     

    On the e-commerce front, NDTV through its subsidiary NDTV Ethnic Retail already operates Indianroots, which sells ethnic wear from various Indian designers. The venture recently also raised $5 million in funding from the Mumbai-based KJS Group.

  • Television Media Segment leads NDTV’s loss in Q2-2015

    Television Media Segment leads NDTV’s loss in Q2-2015

    MUMBAI:  Announcing the current quarter results (Q2-2014), news broadcaster NDTV reported a net loss of Rs 26.89 crore. The loss for the company for the quarter had widened from Rs 1.49 crore in the preceding quarter (Q1-2014) and Rs 15.26 crore in the corresponding quarter last year (Q2-2013).

    But the loss before tax for the HY-2014 has decreased to Rs 26.05 crore from Rs 33.56 crore in HY-2013.

    The loss for the company for this current quarter is led by its television media and related operations segment. The segment reported a loss of Rs 15.22 crore in Q2-2014 as compared to a profit of Rs 7.95 crore in Q1-2014 and loss of Rs 1.98 crore in Q2-2013. Half yearly, the segment also reported a decline in loss. In HY-2014 (first half of 2014), the loss for the segment was reported as Rs 7.27 crore as compared to Rs 19.38 crore in the first half last year (HY-2013).

    In the current quarter, the company also reported a fall in its Total Income from Operations (TIO) on a q-o-q basis contributing to its widening loss in the current quarter. TIO in Q2-2014 was Rs 110.38 crore, 25.12 per cent less than Rs 147.42 crore in the last quarter while the company reported a 3.9 per cent rise in its TIO at Rs 106.19 crore on a y-o-y basis.
    In H1-2014, NDTV’s TIO at Rs 257.80 crore was 23.5 per cent more than Rs 208.59 crore in HY-2013, explaining the contraction in the HY-2014 loss.

    The revenue on television media and related operations segment decreased 24.4 per cent q-o-q, from Rs 143.96 crore in Q1-2014 to Rs 108.83 crore in Q2-2014, another factor in the widening loss in Q2-2014. The revenue for the segment was almost flat (1.3 percent rise) at Rs 1.7.42 crore in Q2-2013.

    In HY-2014 the revenue for the segment at Rs 252.79 crore was 20.37 per cent more than Rs 210.01 crore in HY-2013, another element in the reduction in the HY-2014 loss while the Q2-2014 loss had expanded.

    Total expenses for the company in Q2-2014 was reported at Rs 132.43 crore, 10.6 per cent less than the Rs 148.18 crore in Q1-2014 and 2.3 per cent lower than Rs 135.58 crore in Q2-2013.

    NDTV’s production expenses decreased 40.9 per cent from Rs 36.67 crore in Q1-2014 to Rs 21.64 crore in Q2-2014 and 5.2 percent from Rs 22.84 crore in Q2-2013.
    According to the company statement, NDTV Convergence showed revenue growth of 22% in this quarter and a growth of 34% for H1-2014 on a y-o-y basis.

    Also, NDTV Profit / Prime achieved a major turnaround by turning EBITDA positive in Q2 FY15, within six months of its re-launch, added the statement.

    The company also announced on BSE that the board had ‘mandated the management to focus’ on the following: accelerate growth in core business; fix, restructure or sell non-core businesses; further invest in online assets to accelerate the Company’s leadership position to benefit from the digital revolution and explore all options to unlock and maximise shareholders’ value.

    “NDTV’s losses are lower in the first half of this year than in the previous year and are narrowing down over time. A major step forward is that NDTV Profit / Prime was EBITDA positive this quarter (this is after making losses of Rs 40+ crore last year and losses in earlier years too). This will help the company to move towards profitability. Further, profitability can also be achieved by restructuring of businesses or selling of loss-making units while ensuring a hard focus on the core business,” said the company in a statement.

     

  • NDTV files fresh application against Quantum Securities

    NDTV files fresh application against Quantum Securities

    MUMBAI:  Prannoy Roy-promoted media company New Delhi Television (NDTV) has filed a fresh application against a minority shareholder, Quantum Securities Limited (QSL) in the Bombay High Court, after QSL ran a newspaper advertisement accusing NDTV of not disclosing vital facts during a presentation to fund managers, equity brokers and investors by the company.

     

    Quantum owns 0.22 per cent in the group. According to the advertisement published in the Economic Times, QSL said the company, in its presentation, did not reveal certain facts that included the income tax departments’ demand of Rs 492 crore tax dues for the annual year 2009-10.

     

    “Sum of parts of NDTV group assets is not reflected in the market cap of NDTV. This is particularly true for the value of its digital assets.” It further said, the network had made no mention of the notice served to NDTV and its promoters by the department and a pending adjudication with the Income Tax Appellate Tribunal (ITAT).

     

    The ad further highlighted that the issues relating to the Company Petition for Reduction of Capital filed by NDTV in Delhi High Court was also not mentioned. It quotes from an affidavit filed by the department “there are serious allegations of round-tripping for evasion of taxes in the case of the petitioner company for the annual years 2010-11 and 2011-12, being investigated.”

     

    The income tax department also objected to the decision of NDTV Board relating to NDTV Convergence and stated that the petitioner company (NDTV) has not disclosed material facts while seeking approval of capital reduction. This establishes that the applicant company (NDTV) has not approached with clean hands. This capital reduction has been proposed with malafide intention of defrauding revenue of its legitimate tax dues.

     

    Additionally, the ad said the presentation did not mention that NDTV Convergence had filed a charge to the Registrar of Companies, New Delhi that hypothecated all movable and immovable assets to YES Bank.

     

    In response to QSL’s ad, NDTV clarified to the National Stock Exchange (NSE) that the allegations were baseless as it had made all announcements on the proceedings (in the ITAT and the Delhi High Court) to the exchanges as required by law and also included those in the annual report of the company.

     

    “The allegations and insinuations and statements made by QSL in the said announcement are completely false, vexatious and have no basis in law or in fact. The announcement places selective material before the public at large and makes false and baseless allegations against the Company,” NDTV said in the notice.

     

    “The Company submits  that  the  allegations made  by  the  QSL in  the Announcement are  completely baseless as the  Company has in fact made all necessary  announcements in relation to the proceedings to the stock exchanges as required by law. Further, the necessary disclosures in relation to the same have also been made in the Annual Report of the Company,” the statement added.

     

    The notice by NDTV further highlighted the fact that QSL director Sanjay Dutt and his related companies have been investigated for market manipulation by capital markets regulator Securities and Exchange Board of India.

     

    Further it said, “At  the  outset  we   state  that   the Announcement is in flagrant violation of the injunction passed  by  the Hon’ble Bombay High  Court  against   inter-alia QSL and  its  directors including one Sanjay Dutt.”

     

    On 27 June 2013, the company sent a legal notice to Quantum Securities, Dutt and directors of the company, through its law firm Amarchand Mangaldas accusing him of making defamatory statements, writing to various regulators and ‘launching a tirade’ against NDTV because he bears a ‘grudge’ against the broadcaster. Dutt was a consultant to NDTV from 2006-08.

     

    The court had granted relief to NDTV by its orders dated 6 and 13 August and 13 and 17 October 2013, in terms of which QSL and its directors were restrained from issuing any defamatory letters, notices, emails, etc.

     

    Click here to read the full statement by NDTV

  • News TV stocks weighed down by ad slowdown

    News TV stocks weighed down by ad slowdown

    MUMBAI: Shares of news broadcasters have taken a battering as they struggle to up their second-quarter revenues over the previous year amidst stiff competition and slowdown in the economy. 

    NDTV has failed to buck the trend despite the buzz in the market that Time Warner is in advanced negotiations to pick up a majority in its non-news business after the exit of NBC Universal. The stock has fallen from its closing price of Rs 140.70 on the BSE (28 October, the day it announced the results) to Rs 125.85 on Tuesday.

    NDTV’s news business has seen a six per cent revenue drop from the year-ago period while net loss was at Rs 118.5 million. Operational cost-efficiency measures have narrowed the net loss from the prior-year period, but analysts are concerned about the revenue uptick in the subsequent quarters.

    “The net cash position is close to zero, competition is intensifying at the news operations level, and the company is kicking in losses in non-news divisions as NDTV is still incubating these businesses,” a media analyst said. 

    A stake sale in NDTV Networks will, however, boost the scrip. NDTV Networks is the holding company for NDTV Imagine, NDTV Lifestyle, NDTV Convergence, Labs and NGEN Media Services (NDTV holds 50 per cent in this).

    TV18, which runs business news channels CNBC TV18 and CNBC Awaaz, has had a bad run in the stock market after announcing its financial performance. The stock slid from Rs 90.10 on the result day to Rs 70.55 on Tuesday as TV18 posted a second-quarter net loss of Rs 246.95 million with revenue from news operations dropping 20 per cent over the previous year.

    IBN18 had a similar fate on the bourses, falling from the closing price of Rs 99.60 on the second-quarter results day to Rs 78.35. The company that runs news channels CNN IBN and IBN7 had a standalone net loss of Rs 598.7 million (from Rs 175.76 million) and a 12 per cent revenue fall from the previous year.

    Source : BSE India

    TV Today’s shares plunged from 93.55 to Rs 76.95 despite the fiscal second quarter net profit jumping 40 per cent. Income from operations, however, fell marginally by 3.51 per cent to Rs 645.45 million.

    The only scrip in this genre that climbed was Zee News Ltd (ZNL) as it rose from Rs 44.30 to Rs 51.25. But this was mainly due to the announcement that ZNL shareholders would be given shares of Zee Entertainment Enterprises Ltd (Zeel) as six regional general entertainment channels move out from the company.

    “The weakness of advertising revenues seems to be weighing down the scrip prices of news channels. But rebound is bound to happen and we will see an upward curve gather momentum,” said the head of a broking firm.

  • NDTV Convergence to organise India Financial Summit

    MUMBAI: NDTV Convergence’s financial news website ndtvprofit.com is organising ‘The India Financial Summit – 2008’. The first round of summit will be held in Mumbai on 9 January and in Bangalore on 11 January. The summit will highlight the growth for the Indian financial sector and the steps required to meet the challenges of evolving global financial markets.

    The summit will focus on the role of regulators in protecting the interest of retail investors from the repercussions of any major international financial crisis. It will also throw light on the current trends within the Indian, International markets and their impact on the corporate and investor community as well as the changing face of banking and financial services industry respectively.

    NDTV Convergence CEO Sanjay Trehan said, “Though we have been enjoying very high growth rates for the past few years, there is an increasing concern that a significant slowdown could occur in the developed countries. As the Indian economy integrates with global markets, there is a need to address these challenges for the regulatory authorities.

    Acquiring new customers, shifting client expectations, finding new areas of growth, managing liquidity and designing safeguards are a few of the concerns for the Indian financial sector in this competitive financial environment.”

  • NDTV floats subsidiary in Netherlands; Q3 net profit up 85% at Rs 48.8 million

    NDTV floats subsidiary in Netherlands; Q3 net profit up 85% at Rs 48.8 million

    MUMBAI: News major NDTV Ltd, while declaring an 85 per cent rise in net profits for the quarter, anounced that it has floated a subsidiary – NDTV Networks BV in Netherlands.

    This new company will wholly own NDTV Networks Plc and its underlying subsidiaries – NDTV Imagine, NDTV Lifestyle, NDTV Convergence and NDTV Labs and 50 per cent in NGEN Media Services. All these subsidiaries are currently wholly owned by their respective parents and would engage in implementing the new business initiatives to be undertaken by NDTV, the company said in a release.

    Indiantelevision.com had first reported that NDTV Group had floated Networks Plc, UK, which would play a big role in bringing in investments for the entertainment and other non news channels. The company had applied for Foreign Investment Promotion Board (FIPB). Reportedly, the approval is for pumping in $130-160 million in the form of foreign direct investment (FDI).

    Hindu Business Line has reported that the subsidiary would raise funds in the overseas market, particularly through listing on the Alternative Investment Market (AIM) segment of the London Stock Exchange. While $106 million would be invested into NDTV Imagine (a non-news Hindi mass entertainment channel), FDI to the tune of $25.23 million would be pumped into NDTV Lifestyle which would be engaged in the business of content production for TV channels dedicated to travel, food, fashion, shopping and health and wellness in India and abroad.

    NDTV Q3 net profit up 85 per cent at Rs 48.8 million

    Meanwhile, NDTV has reported 85 per cent rise in net profit to Rs 48.8 million in the third quarter ended 31 December 2006 against Rs 26.4 million in the year-ago period.

    Total income rose 15.21 per cent to Rs 793.8 million from Rs 689 million during the same period. The company’s operating profit margin dropped from 22.24 per cent to 17.77 per cent year on year.

    Profits and revenues rose despite huge incubation costs, the company said in a release.

    “NDTV’s Indonesian JV (Astro Awani) made profits this quarter within just six months of its launch. The channel is on track to launch its Malaysian channel shortly. The company has also launched operations in Australia and New Zealand,” the statement added.

  • ‘A very good year for TV news business, with a huge upside for the industry’

    ‘A very good year for TV news business, with a huge upside for the industry’

    The year 2007 has been very, very good so far as business is concerned. We had all approached the year with certain things that we needed to do, and my organisation had decided to move to areas that go beyond news. So we went on a funding road show in March-April this year, collected the money we needed to for funding the verticals we wanted to develop and we have done so, getting into various aspects of media activity.

    In fact, if you look at NDTV Network story, in a sense this was the real media story of the country this year, with the six verticals that I run now, consequent to raising of the funding. One is NDTV Imagine, the GEC from our company, which we expect to launch from end-January 2008. And entertainment has endless possibilities, music, films, and so many other aspects.

    Then we have launched NDTV Lifestyle this year. This is our response to the economic changes and the increase in the size of the middle class and their spending habits, which are fast changing.

    Under the NDTV Networks umbrella we now have news, entertainment, lifestyle, technology solutions, setting up new projects
    _____****_____

    Today, you can walk into a mall in Saket (in the southern parts of New Delhi) and you can find Armani and other foreign and expensive brands. This was not the case even a year earlier. And there are people going to these places and buying these things. So we had targeted this niche audience, which believes in wellness and fitness and good living, health and happiness and so forth.

    The other business is NDTV Convergence, which is a leading Web 2.0 company with interests in developing exclusive content for cross media platforms such as the Internet, mobile phones and IPTV.

    We operate India’s no 1 television news website www.ndtv.com along with other leading verticals, namely, NDTV Profit, NDTV Jobs, NDTV Travels, NDTV Gadgets, NDTV Shopping and NDTV Commodities. Convergence is really a hot property, and we have developed a very good management team, which is by the way true for all our verticals.

    There is also another emerging trend, which is an MPO, a media processes outsourcing company. There are so many media companies that need to go digital, or have meta-tagging, or run specialised closed-captions, catering to audio-challenged and visually challenged persons. These companies need various solutions, so we have developed that vertical in a JV with Genpact and called the company N-gEN.

    We said that the industry will bring its own code, and fortunately, the government accepted that
    _____****_____

    We already had NDTV Labs, which deals with broadcast technology for ourselves, both software and hardware. We have been getting awards for these activities from Commonwealth Broadcasting Association and other agencies. We have people with 18 years of expertise in that field and so we decided that apart from producing these solutions for NDTV, this can become an independent business.

    Then there is NDTV Emerging Markets which will set up new projects, like we have done in Indonesia, Malaysia and the Middle East.

    So under the NDTV Networks umbrella we now have news, entertainment, lifestyle, technology solutions, setting up new projects. For me these are highly satisfactory developments. Broadly speaking, we have done everything that could be done in the realm of media, and I think many of us (other companies as well) have done likewise, which makes 2007 a very good business year.

    But yes, there have been a few contentious issues as well, like regulation, of which there are two broad aspects: the news content code and the Broadcast Regulation Bill.

    So far as the content code is concerned, let me try to be as objective as is possible. The government set up a committee to look at all components of the content code, and the committee including educationists, activists, watchdog kind of people, the media itself, the government officials and so on.

    But the when the code came out, it was simply not acceptable to us. For one thing, the committee had had just a single representative from the media, from the Indian Broadcasting Foundation. One must understand that the code was meant to regulate the news industry and it made no sense having just one person representing it. We were completely dominated by the ministerial majority. So we rejected it outright, because any code brought about by the government was not acceptable to us. We said that the industry will bring its own code, and fortunately, the government accepted that.