Tag: News

  • TV18 & CNN extend partnership on CNN IBN

    TV18 & CNN extend partnership on CNN IBN

    MUMBAI: TV18 and CNN International have extended their collaboration on CNN-IBN.

     

    In this second term, the two will strive to take the partnership to next level, enabling CNN-IBN viewers to stay ahead on news from around the world and across multi-platforms.

     

    Talking about the extension, Network18 chairman Adil Zainulbhai said, “We are delighted to announce the renewal of this extremely cherished partnership between two most respected brands in journalism. In this second term, we aim to present a brand new CNN-IBN that will bring news with even greater speed, accuracy, clarity and credibility and keep the viewers tuned to global developments much ahead of others. With this renewed partnership, we will enhance the process of news gathering and delivering it to our viewers by informing and enlightening.”

     

    The renewed addendum aims to cut through the noise and clutter that is currently prevailing on the television news space. It will also provide the channel an opportunity to access live reports and discussions in real time from CNN studios around the world. CNN will also provide the technical knowhow and training to CNN-IBN anchors and editors.

  • News channels gear up for Battle for Bihar 2015

    News channels gear up for Battle for Bihar 2015

    MUMBAI: Even as the Bihar battle speculated between the two major alliances, BJP led NDA and Nitish Kumar’s Janata Dal United-led Grand Alliance (Mahagatbandhan), goes underway, English and Hindi news channels alike are gearing up for it with special programming.

     

    The Bihar Legislative Assembly Elections has commenced with more than 66 million voters eligible to cast their ballots in 243 seats across the occupancy. The voting is divided into tenure of five phases starting from 12 October, 2015 to 5 November, 2015. The final counting will take place on 8 October, 2015.

     

    Adding to the allure of the elections and to give out information with multiple angles to it, many news channels have come up with special shows only focusing on the Bihar elections 2015.

     

    Here’s a look at what’s in store from the news networks:

     

    Aaj Tak

     

    The channel has strategically planned its programming for covering the Bihar ballot. When asked about the number of newsmen sent to cover the referendum, Aaj Tak managing editor Supriya Prasad said, “We have deployed around 50 reporters and anchors to cover the elections extensively.”

     

    The channel has also kick started special programmes such as Patliputra, which is a special series on the political history of Bihar. Panchayat Aaj Tak – Bihar Elections wherein a day long political conference was held in Patna with all senior leaders of political parties, who discussed the election.

     

    Boat Yatra will cover almost all the big cities through a boat yatra. On the other hand, Rajtilak is a series of audience based debates showing more than 20 districts of Bihar, while Ye Jo Bihar Hai is a travelogue where senior journalist Punya Prasun Bajpai will travel across the state to cover the polls. Kiska Hoga Rajtilak is a daily half hour news show covering Bihar election related stories.  Abki Baari Shekhar Bihari is a daily half hour political satire show with actor Shekhar Suman.

     

    The channel has tied up with Cicero for its exit polls.

     

    ABP News

     

    Nukkad Bahes and city debates orchestrates ABP’s Bihar election coverage. “We have already covered more than 50 cities. On the marketing side, we have tied up with Hindi Hindustan to run print campaign and also cover all debates, polls. In addition to this, we are also doing canter activity in multiple cities for a month driving the campaign Sahi Rajnitik Rai Banane Ke Liye Dekhiye Kaun Banega Mukhyamantri,” says a company spokesperson. 

     

    For today’s (12 October) polling the channel deployed 10 reporters with live units and OB vans and similarly for every phase there will be deployment of reporters. ABP News flagship election programme Kaun Banega Mukhyamantri  is on-air since September. Apart from that there will be a series of opinion polls and exit polls. 

     

    “Other than this we are also doing Bihar Ka Neta Kaisa Ho– a special programming with youth, Ghosnapatra– a discussion on political manifesto with key political leaders in Bihar who are going to play a critical role in government formation and Pratistha Ki Seat – special programming on the VIP seats,” a spokesperson adds.

     

    The channel has tied up with Nielson for their exit polls.

     

    CNN-IBN

     

    CNN-IBN has come up with a show, Reporters Project, with two female journalists travelling across the state of Bihar and bringing two different perspectives to an election that could be very close to call. On the other hand, IBN7 has plans of unleashing six new shows that will provide in-depth analysis of the Bihar elections with news updates, special debates, exit poll and counting day coverage to impart vital information to the viewers. 

     

    ITV Network

     

    The ITV Network has different news branches under its umbrella, which will entrust the exhaustive coverage of the Bihar ballot. 

     

    India News has bagged special programming for broadcasting the Bihar elections in depth. The show Kissa Kursi Ka – CM Kaun? anchored by India News editor-in-chief Deepak Chaurasia will witness some top political personalities from the Bihar political landscape debating burning issues in the upcoming elections that will add a new outlook to the state politics and the choice of voters. 

     

    The one hour special show will be aired live and exclusively on the channel from multiple constituencies. 

     

    The other channel of the network, NewsX began its comprehensive coverage right from pre-election days. The extensive coverage will continue till the government formation.

     

    NDTV Network

     

    “The Bihar election has fascinating national implications as well as new state coalitions of social forces. NDTV is going beyond the political tu tu main main to bring you the real stories of this landmark election, with an interesting mix of daily programming in an effort to simplify these rapid and bewildering changes for its viewers. India’s most credible and best known journalists, Prannoy Roy, Barkha Dutt, Sreenivasan Jain, Ravish, Manoranjan Bharti and many more will be where the action is with on the ground reports, opinions and views from political leaders on the campaign trail and those whose vote will decide who the ainners are,” said NDTV Ethics Committee editorial director and president Sonia Singh. 

     

    The network has assigned 14 journalists from both channels – NDTV India and NDTV 24×7 to cover all phases of the voting and counting process.

     

    A special programmes that NDTV has prepared for the election is Battleground Bihar with Dr. Prannoy Roy focusing on the key issues behind the opinion poll, exit poll, data and trends. 

     

    Dr. Roy will be seen interacting with a panel of experts to discuss election survey data in the context of the amalgam of the politics and contradictions of each major state. 

     

    The other major show is The Buck Stops Here: Bihar Edition hosted by Barkha Dutt where she will be seen travelling extensively out of the studio to the field to look at the hard politics and national implications of the Bihar election. 

     

    Truth Vs Hype in Bihar moderated by Sreenivasan Jain will be a documentary show bringing the reality of the Bihar story in front of the viewers. 

     

    The other dominant show, And The Winner Is, will crunch the numbers and analyse voting trends to bring the story of the elections, winners & losers for the viewers.

     

    When questioned about the exit polls and the opinion polls that the channel will annex into, Singh says, “Prannoy Roy and Dorab Sopariwala will forecast the winners and losers for the Bihar Assembly. The exit polls will be based on a random sample of names chosen from the voter electoral rolls, ensuring far greater accuracy than what other polls can command. With fieldwork by Hansa Research, NDTV’s exit polls, led by Prannoy Roy, the on-air analysis and presentation have, in election after election, drawn top guests and the widest audiences.”

     

    NDTV India’s special programming includes Prashna-Kaal with Shahnawaz Hussain, Tejasi, Nitesh Kumar, Manjhi and Chirag Paswan on the show. 

     

    The other show is titled Mera Gaon, Mera Desh where 10 reporters go to their villages in Bihar and do personalised ground reports on how things have changed and what is needed to make it better. 

     

    Kurukshetra is a battle-ground type show, explaining the reality of caste with data and how it affects voting patterns. While the show titled Bihari Bab, Chunavi Chaska is a collection of 10 stories about the fun and colour of elections. Bihar Special Primetime hosted by Ravish Kumar and his roving camera make for a selling combination by telling untold stories of the people of Bihar. Hum Log Bihar Special: Naghma will be an audience based show that will shed light on the political drama that this election has to offer.

     

    News24

     

    Sharing News24’s election plan, B.A.G. Films managing director Anuradha Prasad said, “We had started our groundwork from the day the election campaign began. We are covering every bit of the election intensively.” 

     

    Six reporters from the News24 channel are on their toes to give away the particulars of the election instantly on their channel. The network has also pioneered special programmes on the channel like Itihaas Gawah HaiKisko De VoteEveryday, concentrating only on the elections. 

     

    “We will do the exit polls but not the opinion polls. We have Today’s Chanakya whose forecasting turns out to be prophetic every time. It will follow as soon as the elections get over,” added Prasad.

     

    Times Now

     

    Times Now will start its run up with two national election debates hosted by Times Now editor-in-chief Arnab Goswami. In addition, a special half hour show Access will take viewers up close and personal with the big faces in this election. Apart from special programming, the teams will report live during every phase of the election, speaking to key candidates and bringing to the viewer issues that matter. 

     

    The channel has sent a team of 12 reporters to Bihar, reporting from almost all districts of the state. In addition to that, reporters across the nation will be following the key parties and faces behind the election. 

     

    The channel will also showcase an exit poll on 5 November 2015, after the last phase of election comes to a close. The exit poll will be conducted by C Voter in partnership with IndiaTV. On 8 November 2015, Goswami and his team of experts will analyse the results live starting at 7 am leading up to a prime time debate that evening on the contours of the result.

     

    Bihar saw brisk voting in the first phase of assembly elections. Tight security arrangements have been put in place to ensure peaceful polling in 13212 polling stations in the first phase. The first phase of voting ended peacefully at 5 pm with 57 per cent polling. The elections saw an increase of 6.15 per cent since last assembly polls. Female turnout to be estimated at 59.50 per cent whereas male turnout at 54.5 per cent.

     

    *The channels are listed in alphabetical order.

  • ColorPlus launches maiden TVC

    ColorPlus launches maiden TVC

    MUMBAI: Casual clothing brand ColorPlus has launched its maiden television commercial.

    Conceptualised by Alok Nanda and Company, the TVCs will highlight the brand’s core parameters – color, comfort and craftsmanship in every Color Plus garment. While the first TVC communicates about ‘Comfort’ through best quality fabrics, the second TVC focuses on ‘Craftsmanship’ showcasing the brand’s eye for detail. The third TVC is about ‘Color’, that brings out the wide range of colour palette the brand works with.

    Speaking on the launch of the company’s first ever television commercial, ColorPlus brand director Hetal Kotak said, “Standing true to our commitment of being ‘Crafted for Comfort’, the brand has come a long way from its inception in 1993 by offering the Indian male with an array of options with refreshing colours. We are confident that we will continue to offer the best smart casual wardrobe solutions for the Indian man in the country going forward.”

    The TVCs will be visible across select genre that attract male audiences namely cricket, news, movies & English entertainment. Select regional language channels have been picked to reach audiences in Tamil Nadu, West Bengal and Punjab.

  • Q3-2015: ZMCL reports 52.6% revenue growth

    Q3-2015: ZMCL reports 52.6% revenue growth

    BENGALURU: Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited, reported 52.6 per cent growth in Total Income from Operations (TIO) to Rs 139.88 crore in Q3-2015 as compared to Rs 91.69 crore in Q3-2014 and 6.7 per cent more than the Rs 131.12 crore in Q2-2015. YTD, the company reported a 60.3 per cent growth in TIO to Rs 404.45 crore from Rs 252.39 crore in 9M-2014.

     

    The company reported loss of Rs 9.40 crore in Q3-2015 versus a PAT of Rs 5.92 crore in the corresponding quarter of last year and a loss of Rs 12.86 crore in Q2-2015. ZMCL reported a loss of Rs 39.47 crore in 9M-2015 versus a PAT of Rs 14.82 crore in 9M-2014.

     

    In its earnings release, ZMCL says that new channels incurred an operating loss of Rs 7.65 crore in Q3-2015, a loss of Rs 3.31 crore in Q3-2014 and  loss of Rs 10.13 crore in the immediate trailing quarter. YTD, new channels reported an operating loss of Rs 30.34 crore in 9M-2015 and an operating loss of Rs 10.83 crore in 9M-2014. 

     

    ZMCL’s print business reported an operating loss of Rs 3.28 crore in Q3-2015, a loss of Rs 18.8 crore in 9M-2015. In Q2-2015, print business had reported an operating loss of Rs 4.39 crore.

     

    ZMCL television business reported EBIDTA of Rs 20.07 crore in Q3-2015 and Rs 43.8 crore in 9M-2015. Television business had reported EBIDTA of Rs 20.62 crore in Q2-2015.

     

    ZMCL News Cluster group CEO Bhaskar Das said, “We continue to reach the highest number of consumers across India through our TV channels. Consolidating our position as the largest news network, Zee Media Corporation Limited (ZMCL) reached over 116 million consumers through its 2 national channels and 8 regional channels. Striving to create content differentiator in a me-too market, we are investing strategically into content that aligns with big news events. The increased focus on content has been made possible by robust growth in advertisement revenue. I am also happy to note that the government is favourably viewing broadcasters’ opposition to the whole paradigm on the ad cap regulation.” 

     

    ZMCL CEO Ashish Kirpal Pandit added, “On top of the learning curve of how to make broadcasting operations profitable, we at ZMCL are hopeful that our regional bouquet will stabilize soon and start yielding positive returns. We also expect that the impact of digitization will come into full play very soon. We are confident about the business which will be backed by high quality shows that will hit the screen very soon.”

     

    Watch this space for more…

     

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

     

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

     

    (3) The consolidated financial results of the Company comprise of financials of following subsidiaries viz. Zee Akaash News Private Limited (60 per cent), Mediavest India Private Limited (100 per cent), Diligent Media Corporation Limited (99.99 per cent), Pri-Media Services Private Limited (100 per cent) and Company’s share in the results of an Associate entity, Maurya TV Private Limited, wherein Company held 37.87 per cent till December 11, 2014 and post December 11, 2014, consequent to further acquisitions, Maurya TV Private Limited became Wholly owned Subsidiary of the Company. 

     

  • 2014: The year of bold steps

    2014: The year of bold steps

    The year 2014 will go down in history as the year of bold steps.  Whether it was the postponement of digitisation, the introduction of many a forward-thinking and hard-hitting paper and regulation by government regulator Telecom Regulatory Authority of India (TRAI), the industry’s punts at experimenting with big ticket shows, the completion of the acquisition of the Network18 group by Reliance Industries and the departures that followed thereafter, the push by YouTube into creating  a platform that could disrupt audiovisual content viewing, followed by the drive by broadcast networks to build their own independent digital platforms, the increasing importance of social media for television, the introduction of Reference Interconnect Offer (RIO) deals by Star India in a bid to force the industry to speed up digitisation,  big 4K announcements by Videocon and Tata Sky, the rise and rise of Life OK and SabTV, or the slow descent of Sony (once amongst the top two Hindi general entertainment channels -GECs ) to the number sixth spot, the continuing stranglehold of Star Plus over the Hindi GEC viewer,  the industry’s total disillusionment with existing TV rating provider TAM India, and the swing towards the new industry-backed BARC, the news and niche TV channels’ battle with the the government imposed advertising cap of 10+2 in the courts, the launch of three specialised Hindi general entertainment TV channels, a gradual increase in carriage fee payouts to the cable TV sector by smaller channel owners – all these and many were formed the highlights of the television business in 2014.

    To start with, the government took a firm decision to push ahead the analogue cable TV sunset date to 2016, seeing the state of progress by India’s 60,000 cable TV operators and seven-odd so called national multi system operators (MSOs). Of course, digitisation delay led to a lot of carping by many in the trade, but then it was back to business as usual very quickly. For some, no change was more comfortable than having to reinvent thinking, processes, and also business models – which was proving painful. Those who had pressed their foot on digitisation’s accelerator eased off a bit as they had been given some breathing space.

    The new government

    public://Narendra_D_Modi.jpg2014 was the year of the big change, with the Narendra Modi led Bharatiya Janata Party (BJP) sweeping the ‘election of the century’ and coming to power.  In the new government, the mantle of Information and Broadcasting Ministry was given to Prakash Javadekar, who in his five months tenure made numerous public appearances, making major announcements. Before, the portfolio was passed on to Arun Jaitely in November, Javadekar had made some crucial changes, that of pushing the deadline for digitisation of phase III to December 2015 and of phase IV to December 2016. The move was  done in order to help the indigenous set top box (STB) manufacturers’ boost their businesses as well as allow the MSOs and cable TV operators’ enough time to do it right.

    The year saw the tech savvy Prime Minister announcing his dream of seeing a ‘Digital India’, which was followed by numerous campaigns. It was also the year, when the Media and Entertainment sector envisaged of becoming a $100 billion industry by 2020.

     

    Cable, DTH and Distribution

    public://222222.jpgIn the cable TV sector, while the tiff between the last mile owners (LMOs) and MSOs over ownership of consumers, billing and revenue share continued like in 2013, some unity could be seen amongst the MSOs with regards to voluntary digitisation after the I&B decided to push digitisation to a later date. The LMOs on the other hand united in several parts of the country to form cooperatives in a bid to get some financial muscle to be able to digitise apart from strengthening their customer base. The year saw not only Hinduja’s headend in the sky (HITS) project taking strides, a new model of distribution: Cable Virtual Network Operator (CVNO) too came up in a few cities like Mumbai and Kolkata.

    Another major development towards the end of the year was the decision of Star India to apply the RIO deal approach with the MSOs. The move while aimed at bringing in addressability and packaging in the DAS markets, saw a number of MSOs coming up with either different packages or putting the network’s channels on a-la-carte.

    With the Average Revenue Per User (ARPU) not showing much signs of improvement, a number of MSOs have started shoring up their broadband offering to customers.  The year also saw Den Networks launching its broadband service in Delhi, with plans of expansion in the coming year.  

    The direct to home (DTH) operators too were seen taking some bold steps with Dish TV launching a sub-brand Zing for the regional markets and Tata Sky and Videocon d2h announcing that they would be introducing 4K set top boxes in India. Not only this, DD Freedish too decided to seed MPEG4 STBs along with MPEG2 boxes in interior areas.

    The icing on the cake was TRAI’s regulation on unbundling, which saw distribution giants, MediaPro and TheOneAlliance parting ways. A lot of other broadcasters too were seen setting up distribution initiatives of their own. 

    Advertising

    public://bjp.JPGThe 16th Lok Sabha elections were not only fought on the ground, but political parties laid siege to the airwaves as well. This general election was the first among many, where media was so extensively (and blatantly) used by political parties.  Far from fighting shy of marketing themselves, the main players – Congress and BJP –spent nearly Rs 400 to Rs 500 crore each on publicity campaigns. An additional Rs 500 to Rs 1,000 crore was spent on related activities such as banners, hoardings, organisation of public meetings and transportation of key campaigners, among others. Not surprisingly, media agencies had estimated around 2 to 2.5 per cent of overall advertisement spends this year to come from elections.

    The year also saw the growth of the e-commerce sector as they intensified their battle. As investments rolled in, the market spends increased to woo customers. And with Finance Minister Arun Jaitley in his maiden budget announcing that manufacturing units will be allowed to sell their products through retail including e-commerce platforms without any additional approval, paving a path for the foreign direct investment (FDI) in the manufacturing sector, the upsurge is expected to continue.

                                                                                                                                                                      News Broadcasters

    public://Mukesh-Ambani-1.jpgThe first half of the year went in covering what seems the country’s biggest election. From exit polls to election result day, one thing was clear that it was a battle of individuals and not parties. And one man leading it all was none other than, BJP’s Narendra Modi.

    The news channels went all out to outdo each other as far as presentation was concerned vis-a-vis live graphics and coverage.  As per industry sources, the channels had earmarked Rs 1 crore to Rs 1.5 crore for the day, but spent a lot more. And with youth stepping out to vote, the channels went all out to social media to gather the pulse of the nation. Channels tied up with Microsoft and Google as well.

    The second big thing, which shook the industry, was when India’s largest company Reliance Industries announced its takeover of India’s largest media companies–Network 18.

    In May, RIL said it would invest about Rs 4,000 crore through Independent Media Trust, of which RIL is the sole beneficiary, to acquire 78 per cent stake in NW18 and about 9 per cent stake in TV18. Founder Raghav Bahl continues to be on the board as a non-executive director.

    The announcement saw senior level exits from the network. The CEO, CFO, COO quit in the days after it. The network’s news channels too saw famous faces like Rajdeep Sardesai moving on.

    The move did make many ask: Is this the death of media independence? But Reliance managers took quick initiative to assuage any such doubts, essentially keeping a hands-off approach from the news network.

    Programming

    public://star.jpgThe television industry saw two major appointments – Uday Shankar taking over as president of Indian Broadcasting Federation (IBF) and NP Singh being elevated as Multi Screen Media (MSM) CEO. Then his predecessor Man Jit Singh was given a US posting and global responsibility in Sony’s home entertainment division.

    As for the programming, the number one channel as per TAM TV ratings, Star Plus intensified its youth turn by launching shows like India’s Raw Star, Airlines and Everest. 

    Zee experimented with content through its new channel, Zindagi, with a slate of programming from across the border – Pakistan . A relief from daily melodramatic soaps got another boost as the country’s first genre-specific Hindi entertainment channel, Epic, finally got a nod from the MIB after more than a year-long wait. MSM too launched two new channels – Max2 and Sony Pal – to add a little more flavour to its pack.

    As industry awaits Broadcast Audience Research Council (BARC) to give out ratings, the body held roadshows across the country to share its updates with all constituents across the entire broadcast value chain, and, equally important, to receive feedback and suggestions.

    Sports

    public://kabbdi.jpgThe year saw India embracing a number of sports leagues apart from cricket, like football, tennis, kabaddi and basketball, that too in different formats. The Pro Kabaddi League, an initiative to revive India’s contact sports was a success and a surprise, not just on television but also at the stadiums, as Indian families cheered  the country’s lost sport. Bud sadly enough, advertisers decided to play a wait and watch game and missed the bus. It was initiated by Mashal Sports and broadcaster Star Sports.

    The Hero India Super League, an IPL styled football domestic tournament was a hit too, on television, social media and fans flocking to the stadiums. Conceptualised by Star Sports, IMG-Reliance and All India Football Federation (AIFF), it garnered a strong advertising support in its maiden year. While bigger brand like Hero, Puma and Amul came on board for the league as title and associate sponsors, individual franchises too drew support from brands.  With advertising and sponsorships stakes high in the Indian Premier league (IPL), these formats have allowed brands with smaller advertising budgets to have a play in the sports television business.

    While the industry did take some bold steps in the year, it hopes to reap the benefits in 2015.

  • InMobi and NDTV bring native advertising on mobile to India

    InMobi and NDTV bring native advertising on mobile to India

    MUMBAI: NDTV Convergence (NDTV) and InMobi are together bringing the first fully native ad experience to mobile users in India.

     

    Talking about their latest offering, NDTV CEO Vikram Chandra said, “NDTV has always believed in providing users with the most credible content across all platforms and ensuring the best user experience while consuming this content. This is another step towards further enhancing the experience by ensuring native in-stream ad formats, which will provide great value to our advertisers in a non-intrusive environment. We are excited to partner with InMobi to launch this offering.”

     

    As NDTV continues to embrace native ads for mobile, the unique offering provides tangible benefits like five times the conversion rate and user engagement than standard display ads, higher ad viewership of up to 1.5 times more than banner ads and more importantly, a new-found trust for mobile ads, which are experienced as content and less intrusive.

     

    InMobi Revenue & Operations vice president Atul Satija said, “InMobi Native Ads match the app experience entirely in terms of visual form and function, so that your brand’s audience can enjoy a non-intrusive, engaging ad experience while using an app. We have witnessed a phenomenal increase in demand for Native ads worldwide. InMobi is thrilled to partner with NDTV to bring the Native Ad experience to India,” said Atul Satija, Vice President – Revenue & Operations, InMobi.

     

    NDTV has been at the forefront of creating best-in-class content experiences across all screens. Together with InMobi, NDTV will now offer a bouquet of innovative ad units native to its news content, thereby further re-inventing the user experience.

  • Javadekar clears air about 100 % FDI in news

    Javadekar clears air about 100 % FDI in news

    MUMBAI: Information and broadcasting minister Prakash Javadekar, in an exclusive interview to NewsX, cleared the air about the Centre mulling over to allow 100 per cent Foreign Direct Investment (FDI) in news media.

     

    Talking to NewsX’s Senior Executive Editor Priya Sahgal, Javadekar said, “I never said ok to 100 percent FDI. We haven’t said it. Never.”

     

    The minister asserted that “it’s the industry which has to take the call.”

     

     “People are discussing, let them discuss. Will talk with all stakeholders,” he added.

     

    Currently, foreign investment is allowed only up to 26 per cent in news and current affairs media.

     

  • Ronnie Screwvala bets big on Oximity

    Ronnie Screwvala bets big on Oximity

    MUMBAI: Entrepreneurs Ronnie Screwvala, Krishnan Ganesh, Sashi Reddi and Anand Ranganathan have co-invested in Oximity, a unique news website that crowd-sources opinions and developments on social and economic issues at a global level. The four Indian investors have jointly co-invested to raise the seed round of $620,000 for this innovative crowd sourced news website.

     

    Oximity goes beyond commercial concerns and concentrates on the latest trends like social, mobile, location based services, cloud computing and big data. “For Screwvala, Ganesh, Reddi and Ranganathan investing in Oximity and actively supporting it with personal networks is a validation of the website’s attempt to bring in systemic change in the news industry,” said the company statement.

     

    “The news media landscape is shifting rapidly, and in a few years there will be an entirely new set of players dominating this space. We believe Oximity has the potential to be one of such dominant players,” said Ronnie Screwvala

     

    “The paradigm shift that Oximity is planning is huge. There is a clear and present need to replace the Buzzfeed generation with meaningful journalism direct from the source. Oximity’s focus on pertinent news from the community is much-needed and I’m excited to see this collaborative platform grow,” added K Ganesh.

     

    With its modus operandi of crowd-sourcing news, Oximity aims to transform the traditional top-down structure of news media with a bottoms-up approach in writing, reporting, editing and distributing news. By allowing people and organisations to report their news in over 180 languages, and facilitating automatic as well as manual translation, Oximity is removing language as a barrier to the flow of news information globally.

     

    Additionally, it is partnering with various existing user generated news networks worldwide to create one large network of self-empowered news writers and readers.

     

    “We believe all human beings are equal, without exception. The disenfranchised can now have a voice, on a level playing field with the already empowered. And users get to set the news agenda, instead of a few people who run global news media organisations”, said Oximity co-founder Sanjay Goel.

     

    The website has more than 8,000 likes on Facebook and over 6,000 followers on twitter. This only goes on to say that there is space for such news websites where common man becomes the source! 

  • Election tracker: Cricket over News

    Election tracker: Cricket over News

    The upcoming election is not just being fought on the ground; political parties have laid siege to airwaves as well.

     

    So much so, followers of the ICC Twenty20 World Cup will vouch for the fact that ‘commercial breaks’ are beginning to resemble the battle cry of the main contenders as they unleash newer segments of their respective campaigns on unsuspecting viewers.

     

    Not without reason for in a country where cricket is religion, the ‘clever’ agencies behind these rival campaigns are only putting their money where their mouth is.

     

    And so we have the Congress continuing to showcase all the good work done in the past decade, with the common man always at the centre, even in the new TVCs. While BJP changes its hitherto serious tone and takes a dig at the Congress in a rather comical way. Whether the saffron party has diluted the message it wants to send out is something the audience may continue to debate but one way or the other, cricket comes across as a critical component of the election strategy.

     

    Speaking of reach, daily soaps on general entertainment channels are watched by a majority of women in the country. With women forming 49 per cent of the voting population, the main players in this election can least afford to ignore this format. Neither can they shrug off the growing importance of digital platforms; especially in an election year when there will be close to 12 crore first-time voters, most of them always online. Hence, political outfits, even the likes of CPI (M), are pulling out all stops to woo the youth in the virtual world to get them to cast their vote in the real world.  

     

    Surprisingly however, news channels are still untouched by the flurry of political advertisements. In case you’re wondering why, news channels don’t enjoy the kind of reach that other television channels, say GECs, do. Then again, eyeballs will flow to news channels closer to the election dates for news and analyses. Maybe, that’s when the ad blitzkrieg will hit these channels as well…

  • Turner International APAC appoints Shitiz Jain as Sr VP – Finance

    Turner International APAC appoints Shitiz Jain as Sr VP – Finance

    MUMBAI: Turner International is looking at tightening its bottom line and in pursuit of doing so has roped in Shitiz Jain, who takes up the role of senior VP Finance effective 17 March 2014.

     

    This executive new hire was announced today by Turner Broadcasting System International EVP & CFO Ray Hutton and Turner International Asia Pacific president Ricky Ow.

     

    Jain was most recently with Discovery Networks Asia Pacific as chief financial officer and head of corporate services. He will be responsible to lead Turner’s financial growth planning and assisting regional management to maximise financial results across the full portfolio of Turner’s kids, news and general entertainment brands, and businesses in the region.

     

    Commenting on the hire Hutton says: “Shitiz has more than 20 years of international financial management experience which we’re delighted to harness for this critical role within one of Turner’s most important regional operations. His track record in delivering growth and his evident commercial acumen and leadership skills, make him an ideal fit with Turner’s growth philosophy.”

     

    Jain will have a range of responsibilities which includes forecasting, budgeting and long range planning, defining and managing the achievement of goals, and providing financial analysis and counsel to all business heads. In this newly created role, he will develop a finance team that will be strategically aligned with the needs of the business. In addition, he will offer strategic and financial modelling support at both the Turner and Time Warner executive management level. 

     

    Supporting Hutton’s views Ow says: “Turner in Asia Pacific has ambitious growth targets which require robust financial support and I know Shitiz will serve as a key advisor for me in this regard. Shitiz’s strong CFO background and expertise in overseeing businesses across the Asia Pacific region will be undoubted assets for us as we take our business to the next level.”

     

    Jain joins Turner in Hong Kong after nearly 15 years at Discovery in India and Singapore, where his success in forging strong client relationships and creating new revenue opportunities, drove strong revenue and EBITDA growth. Prior to joining Discovery Networks, Jain served in a variety of financial, operating and strategic roles with Cargill Foods, Fujitsu ICIM and Phoenix Industries.