ITV

Tag: Oye FM 104.8

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q1-17: TV Today topline, bottomline up

    Q1-17: TV Today topline, bottomline up

    BENGALURU: TV Today Network Limited (TVTN) reported 7.7 percent increase in standalone revenue (TIO) for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year (Q1-16). Standalone profit after tax (PAT) increased 23.9 percent in the current quarter as compared to Q1-16. TVYN reported TIO and PAT of Rs 136.94 crore and Rs 22.38 crore (16.3 percent margin) in Q1-17 as compared to Rs 127.12 crore and Rs 18.06 crore (14.2 percent margin), respectively.

    EBIDTA for the current quarter increased 22.9 percent to Rs 36.80 crore (26.9 percent margin) as compared to the Rs 29.95 crore (23.6 percent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 9.1 percent year-over-year (y-o-y) growth in operating revenue to Rs 136 crore in Q1-17 as compared to Rs 124.66 crore in Q1-16. The segment reported an operating profit of Rs 33.79 crore in the current quarter as compared to Rs 28.11 crore in the corresponding year ago quarter.

    Radio segment reported 45.3 percent decline in operating revenue at Rs 1.35 crore in Q1-17 as compared to Rs 2.62 crore in the corresponding year ago quarter. The segment reported a higher operating loss of Rs 3.52 crore in the current quarter as compared to an operating loss of Rs 2.82 crore in Q1-16.

    Let us look at the other numbers reported for Q1-17

    Total expenditure in the current quarter increased 2.3 percent to Rs 107.61 crore (78.6 percent of TIO) as compared to Rs 105.16 crore (82.7 percent of TIO) in Q1-16.

    Production cost increased 11.2 percent y-o-y in Q1-17 to Rs 13.48 crore (9.8 percent of TIO) as compared to Rs 12.11 crore (9.5 percent of TIO). Employee Benefit Expense in the current quarter increased 18.6 percent y-o-y to Rs 38.73 crore (28.3 percent of TIO) as compared to Rs 32.66 crore (25.7 percent of TIO).

    Advertisement expense in Q1-17 declined 18.6 percent to Rs 31.13 crore (22.7 percent of TIO) from Rs 38.24 crore (23.6 percent of TIO) in Q1-16.

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

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

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

  • Q1-17: TV Today topline, bottomline up

    Q1-17: TV Today topline, bottomline up

    BENGALURU: TV Today Network Limited (TVTN) reported 7.7 percent increase in standalone revenue (TIO) for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year (Q1-16). Standalone profit after tax (PAT) increased 23.9 percent in the current quarter as compared to Q1-16. TVYN reported TIO and PAT of Rs 136.94 crore and Rs 22.38 crore (16.3 percent margin) in Q1-17 as compared to Rs 127.12 crore and Rs 18.06 crore (14.2 percent margin), respectively.

    EBIDTA for the current quarter increased 22.9 percent to Rs 36.80 crore (26.9 percent margin) as compared to the Rs 29.95 crore (23.6 percent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 9.1 percent year-over-year (y-o-y) growth in operating revenue to Rs 136 crore in Q1-17 as compared to Rs 124.66 crore in Q1-16. The segment reported an operating profit of Rs 33.79 crore in the current quarter as compared to Rs 28.11 crore in the corresponding year ago quarter.

    Radio segment reported 45.3 percent decline in operating revenue at Rs 1.35 crore in Q1-17 as compared to Rs 2.62 crore in the corresponding year ago quarter. The segment reported a higher operating loss of Rs 3.52 crore in the current quarter as compared to an operating loss of Rs 2.82 crore in Q1-16.

    Let us look at the other numbers reported for Q1-17

    Total expenditure in the current quarter increased 2.3 percent to Rs 107.61 crore (78.6 percent of TIO) as compared to Rs 105.16 crore (82.7 percent of TIO) in Q1-16.

    Production cost increased 11.2 percent y-o-y in Q1-17 to Rs 13.48 crore (9.8 percent of TIO) as compared to Rs 12.11 crore (9.5 percent of TIO). Employee Benefit Expense in the current quarter increased 18.6 percent y-o-y to Rs 38.73 crore (28.3 percent of TIO) as compared to Rs 32.66 crore (25.7 percent of TIO).

    Advertisement expense in Q1-17 declined 18.6 percent to Rs 31.13 crore (22.7 percent of TIO) from Rs 38.24 crore (23.6 percent of TIO) in Q1-16.

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

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

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

  • Radio Mirchi to hawk Oye FM 104.8 ads

    Radio Mirchi to hawk Oye FM 104.8 ads

    BENGALURU: Entertainment Network India Limited (ENIL) has informed the bourses that it has entered into an Advertising Sales Agreement (ASA) with TV Today Network Limited (TVTN) on 24 August 2016, in relation to TVTN’s 3 (three) private FM radio stations at New Delhi, Mumbai and Kolkata. Pursuant to the ASA, TVTN has agreed to appoint ENIL as an agent of TVTN with effect from September 1, 2016 to facilitate the sale of TVTN’s airtime to third-parties who wish to advertise using TVTN’s airtime. ENIL operates stations under the brand Radio Mirchi.

    Early last year, TVTN had offered to sell seven radio stations that it ran under the brand Oye FM 104.8. The company had entered into a non-binding memorandum of understanding with ENIL to sell all its seven radio stations to it subject to approvals and conditions. TVTN received approval from the Ministry of Information and Broadcasting (I&B Ministry) in July last year for sale of four of its radio stations at Jodhpur, Amritsar, Patiala and Shimla to ENIL and a binding agreement was signed between the two in September to that effect. The I&B Ministry had earlier declined its approval on the grounds that the proposed sale by TV Today Network and proposed purchase by ENIL is not in conformity with the FM radio guidelines.

  • Radio Mirchi to hawk Oye FM 104.8 ads

    Radio Mirchi to hawk Oye FM 104.8 ads

    BENGALURU: Entertainment Network India Limited (ENIL) has informed the bourses that it has entered into an Advertising Sales Agreement (ASA) with TV Today Network Limited (TVTN) on 24 August 2016, in relation to TVTN’s 3 (three) private FM radio stations at New Delhi, Mumbai and Kolkata. Pursuant to the ASA, TVTN has agreed to appoint ENIL as an agent of TVTN with effect from September 1, 2016 to facilitate the sale of TVTN’s airtime to third-parties who wish to advertise using TVTN’s airtime. ENIL operates stations under the brand Radio Mirchi.

    Early last year, TVTN had offered to sell seven radio stations that it ran under the brand Oye FM 104.8. The company had entered into a non-binding memorandum of understanding with ENIL to sell all its seven radio stations to it subject to approvals and conditions. TVTN received approval from the Ministry of Information and Broadcasting (I&B Ministry) in July last year for sale of four of its radio stations at Jodhpur, Amritsar, Patiala and Shimla to ENIL and a binding agreement was signed between the two in September to that effect. The I&B Ministry had earlier declined its approval on the grounds that the proposed sale by TV Today Network and proposed purchase by ENIL is not in conformity with the FM radio guidelines.