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Tag: Oye FM

  • TV Today’s Oye FM up for sale amidst disappointing revenues

    TV Today’s Oye FM up for sale amidst disappointing revenues

    BENGALURU/MUMBAI: Entities in the radio business have started to play their cards for survival in the industry. The first one to make the move was Radio City when it entered in an acquisition agreement with Jagran Prakashan. Now, TV Today’s Oye FM is in spotlight.

     

    According to an announcement on the BSE, the Board has approved the sale of the radio FM business, which has seven radio stations operating in Delhi, Mumbai, Kolkata, Jodhpur, Amritsar, Patiala and Shimla.

     

    The corporate announcement stated, “TV Today Network Ltd has informed BSE that the board of directors of the company at its meeting held on 6 February 2015, inter alia, had allotted ESOP as per TVTN Employee stock option plan 2006: Satyaky Chowdhury – 10,500; and Shams Tahir Khan – 7,500.”

     

    It further said, “The Board has approved the sale of Radio FM Business (Seven Radio Stations) and has further authorised a Committee of Directors / senior officials to negotiate the terms and conditions with potential buyers and to execute the sale, subject to requisite Statutory and Regulatory approvals.”

     

    No official information has been circulated amongst Oye FM employees giving details of such a sale. But one of the sources said that Oye FM was pretty much evaluating its position in Phase III auctions along with Oye FM’s migration plans. But with the new announcement there is no clarity as to where they stand for Phase III auctions. Currently, the Information and Broadcasting Ministry is working on making the partial auctions happen as smoothly as possible. The first partial auction of FM radio phase III is for 69 existing cities for 135 channels.

     

    This sale will not be the first for TV Today Network Limited (TVTN). In 2006, TVTN promoter, Living Media, sold the FM radio business under the brand Red FM to a consortium of investors, and later Kalanithi Maran’s Sun Network bought a stake in the company.

     

    Click here to read the full story

  • Q3-2015: TV Today y-o-y PAT up 28%; income up 18%; Radio segment disappoints

    Q3-2015: TV Today y-o-y PAT up 28%; income up 18%; Radio segment disappoints

    BENGALURU: TV Today Network Limited (TVTN) reported a 27.6 per cent growth in Profit after Tax (PAT) to Rs 26.34 crore in the current quarter (quarter ended 31 December, 2015, Q3-2015) as compared to the Rs 20.65 crore in Q3-2014 and almost double (up 99.5 per cent) the Rs 13.21 crore in the immediate trailing quarter Q2-2015. For 9M-2015 PAT at Rs 72.34 crore was 59.1 per cent more than the Rs 45.46 crore in 9M-2014.

     

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

     

    The company reported 18.2 per cent growth in Net Total Income from Operations (TIO) at Rs 131.72 crore in Q3-2015 (quarter ended 31 December, 2015, current quarter) from Rs 11.142 crore in Q3-2014 and 17.9 per cent more than the Rs 116.69 crore in the immediate trailing quarter. 9M-2015 TIO improved 30.3 per cent to Rs 380.42 crore when compared to the Rs 292.03 crore in 9M-2014.

     

    Two segments contribute to TVTN’s numbers – Television Broadcasting and Radio Broadcasting. TVTN’s Radio Broadcasting segment, which operates under the brand Oye! FM, disappointed by reporting 8.5 lower revenue at Rs 4 crore in Q3-2015 as compared to the Rs 4.37 crore in the corresponding year ago quarter and 5.1 per cent less than the Rs 4.21 crore in Q2-2015. For 9M-2015 this segment reported 1 per cent growth in revenue at Rs 11.57 crore from Rs 11.46 crore in 9M-2014.

     

    The company’s radio broadcasting reported loss of Rs 1.94 crore in Q3-2015; loss of Rs 2.90 crore in Q3-2014 and loss of Rs 1.80 crore in Q2-2015. In 9M-2015, loss was lower at Rs 6.30 crore as compared to the Rs 7.24 crore in 9M-2014.

     

    Let us look at the other results reported by TVTN

     

    Total expense (TE) in Q3-2015 was 16.2 per cent higher at Rs 95.52 crore as compared to the Rs 82.23 crore in Q3-2014 and down 0.3 Rs 95.76 crore in Q2-2015. For 9M-2015, TE at Rs 290.59 crore was 28 per cent lower than the Rs 292.03 crore in 9M-2014.

     

    The company’s advertisement, distribution and sales promotion expenses (ad spends) in Q3-2015 were almost flat (up 0.8 per cent) at Rs 25.19 crore as compared to the Rs 25 crore and 0.3 per cent lower than the Rs 25.28 crore in Q2-2015. 9M-2015 ad spends at Rs 71.99 crore were 6.5 per cent lower than the Rs 67.62 crore in 9M-014.

     

    Production cost in Q3-2015 at Rs 12.89 crore was 18.8 per cent more than the Rs 10.85 crore in the year ago quarter and was 1.2 per cent more than the Rs 12.74 crore in Q3-2014. For 9M-2015, Production cost at Rs 39.08 crore was 39.8 per cent more than the Rs 27.94 crore in 9M-2014.

     

    TVTN’s Television Broadcasting (Television) segment reported 19.3 per cent growth in revenue to Rs 127.73 crore in Q3-2015 as compared to the Rs 107.06 crore in Q3-2014 and 18.8 per cent more than the Rs 107.48 crore in the immediate trailing quarter. Television segment reported 30.8 per cent revenue growth to Rs 366.84 crore in 9M-2105 from Rs 280.57 crore in 9M-2014.

     

    The Television segment’s operating profit in Q3-2015 at Rs 39.22 crore was 16.2 per cent more than the Rs 33.75 crore in Q3-2014 and was 85.4 per cent more than the Rs 21.16 crore in Q2-2015. 9M-2015 operating profit at Rs 111.81 crore was 46.7 per cent more than the Rs 76.2 crore in 9M-2014.

  • Q1-2015: TV Today q-o-q PAT doubles; radio segment continues disappointing run

    Q1-2015: TV Today q-o-q PAT doubles; radio segment continues disappointing run

    BENGALURU: Driven by a good performance by its television segment,  TV Today Network Limited (TVTN), a part of the India Today group, reported more than double (2.06 times) the PAT in Q1-2015 at Rs 32.79 crore (23.9 per cent of Income from Operations or Op Inc) as compared to the Rs 15.85 crore (16.3 per cent of Op Inc)) in Q4-2014 and 2.74 times the Rs 11.98 crore (13.5 per cent of Op Inc) in Q1-2014.

     

    The company reported a respectable 40.6 per cent growth in Op Inc in Q1-2015 to Rs 137.01 crore as compared to the Rs 94.71 crore in Q4-2014 and 54.1 per cent more than the Rs 88.9 crore in Q1-2014.

     

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

     

    Two segments – TV Broadcasting (TV) and FM Radio Broadcasting (Radio) contribute to TVTN’s revenues. TVTN’s Radio Broadcasting segment (Oye! FM) under the brand Oye! FM reported a lower operating loss in Q1-2015 at Rs 2.56 crore as compared to the Rs 4 crore in the immediate trailing quarter, but higher than the Rs 2.33 crore in the year ago quarter Q1-2014. The segment reported 14 per cent lower q-o-q operating revenue at Rs.3.37 crore in Q1-2015 as compared to the Rs 3.91 crore in Q4-2014, but 11.6 per cent more than Rs 3.02 crore in Q1-2014.

     

    Let us look at the other Q1-2015 numbers reported by TVTN

     

    As mentioned above, TVTN’s TV Broadcasting (TV) segment has performed well. Op Inc of the TV segment in Q1-2015 at Rs 133.64 crore was 42.9 per cent more than the Rs 93.5 crore in Q4-2014 and 55.6 per cent more than the Rs 85.89 crore in Q1-2014. The segment reported a positive operating result of Rs 51.43 crore, which was 86.7 per cent more than the Rs 27.55 crore in Q1-2014 and more than double (2.43 times) the Rs 21.18 crore in Q1-2014.

     

    TVTN’s total expenditure in Q1-2015 at Rs 89.31 crore (65.2 per cent of Op Inc) was 15.5 per cent more than the Rs 77.31 crore (79.4 per cent of Op Inc) in Q4-2014 and 25.3 per cent more than the Rs 71.27 crore (80.2 per cent of Op Inc) in Q1-2014.

     

    The company’s Production cost at Rs 13.45 crore (9.8 per cent of Op Inc) in the current quarter was 4.2 per cent higher than the Rs 12.91 crore(13.3 per cent of Op Inc) in Q4-2014 and 48.9 per cent more than the Rs 9.03 crore (10.2 per cent of Op Inc) in Q1-2014.

     

    TVTN’s Employee Benefit Expense (EBE) in Q1-2015 at Rs 29.29 crore (26.5 per cent of Op Inc) was 35.2 per cent more than the Rs 21.67 crore (22.3 per cent of Op Inc)) in Q4-2014 and 24.1 per cent higher than the Rs 23.6 crore (26.6 per cent of Op Inc) in Q1-2014.

     

    Other Expense at Rs 17.43 crore (12.7 per cent of Op Inc) in Q1-2015 was 9.6 per cent less than the Rs 19.27 crore (17.3 per cent of Op Inc) in Q4-2014 and 38.2 per cent more than the Rs 12.61 crore (14.2 per cent of Op Inc) in Q1-2014.

  • Q3-2014: TV Today PAT up 34.5% on year; Oye! FM operating loss narrows

    Q3-2014: TV Today PAT up 34.5% on year; Oye! FM operating loss narrows

    BENGALURU: TV Today Network Limited (TVTN), a part of the India Today group, has reported its net profit in the third quarter ended 31 December, 2013 rose 34.5 per cent to Rs 20.65 crore from Rs 15.35 crore a year ago.

     

    The company’s net profit in the third quarter was 60.9 per cent higher than Rs 12.83 crore in the second quarter of 2013-14.

     

    For the nine months ended 31 December, 2013, TV Today Network’s net profit at 45.46 crore was 7.77 times Rs 5.85 crore a year ago. For 2012-13, the company’s net profit was 12.21 crore.

     

    TVTN’s radio broadcasting business under the brand Oye! FM reported that its operating loss for the first nine months of 2013-14 narrowed by 31.1 per cent to Rs 7.24 crore from Rs 10.51 crore a year ago.

     

    For the third quarter, Oye! FM’s operating loss narrowed by 9.5 per cent to Rs 2.9 crore from Rs 3.2 crore a year ago. Its operating loss for the third quarter was, however, higher than the operating loss of Rs 2.02 crore a quarter ago.

     

    For 2012-13, Oye! FM had an operating loss of Rs 13.24 crore.

     

    TVTN’s television broadcasting segment reported a phenomenal 68.4 per cent growth in operating profit to Rs 33.75 crore in the third quarter of 2013-14 from Rs 20.04 crore a year ago.

     

    The television broadcasting segment’s operating profit in the first nine months at Rs 76.2 crore was 3.62 times a year ago’s Rs 21.1 crore. For 2012-12, the television segment reported operating profit of Rs 32.79 crore.

     

    Let us look at the other Q3-2014 figures reported by TVTN

     

    TVTN’s Operating Revenue at Rs 110.94 crore for Q3-2014 was 22.8 per cent higher than the Rs 90.37 crore of the corresponding quarter of last year and 21.3 per cent more than the Rs 91.45 crore in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN saw a growth of Operating Revenue by 27.6 per cent to Rs 291.24 crore from Rs 228.22 crore in the corresponding nine month period of last year. For FY 2013, TVTN had Operating Revenue of Rs 312.44 crore.

     

    TVTN’s Total expense for Q3-2014 at Rs 82.23 crore was 9.4 per cent more than the Rs 75.21 crore in Q3-2013 and 11.8 per cent more than the Rs 73.54 crore for Q2-2014. YTD, TVTN’s Total Expense at Rs 227.04 crore was 3.4 per cent more than the Rs 219.66 crore in the corresponding nine month period of FY2013. TVTN’s Total Expense for FY 2013 was Rs 297.55 crore.

     

    TVTN’s Production Cost for Q3-2014 was 16.3 per cent higher at Rs 10.85 crore as compared to the Rs 9.33 crore in Q3-2013 and 34.7 per cent more than the Rs 8.06 croes in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN’s Production Cost went up 3.3 per cent to Rs 27.94 crore from Rs 27.06 crore in the corresponding nine month period of last year. For FY 2013, the company’s Production Cost was Rs 37.42 crore.

     

    TVTN spent Rs 25 crore in Q3-2014 towards Advertisement, Distribution and Sales Promotion (Ad Spend) which was 8.8 per cent more than the Rs 22.98 crore in Q3-2013 and 9 per cent more than the Rs 22.93 crore in Q2-2014. YTD, TVTN’s Ad Spend at Rs 67.62 crore was 1.75 per cent more than the Rs 66.46 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Ad Spend was Rs 89.4 crore.

     

    Television segment had Operating Revenue of Rs 107.05 crore for Q3-2014, which was 21.7 per cent more than the Rs 87.97 crore in Q3-2013 and 22.2 per cent more than the Rs 87.62 crore in the immediate trailing quarter.  YTD, the company’s Television segment saw Operating Revenue grow by 26.9 per cent to Rs 280.57 crore as compared to the Rs 221.06 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Television segment had Operating Revenue of Rs 302.69 crore.

     

    Oye! FM had Operating Revenue of Rs 4.37 crore in Q3-2014, which was 76.8 per cent more than the Rs 2.47 crore in the corresponding quarter of last fiscal and 7 per cent more than the Rs 4.08 crore in Q2-2014. YTD, Oye! FM reported Operating revenue of Rs 11.46 crore in the current fiscal, which was 56.4 per cent more than the Rs 7.33 crore during the corresponding nine month period of FY 2013. For FY 2013, Oye! FM reported Operating Revenue of Rs 9.98 crore.

  • OYE FM crushes its competition in Delhi

    OYE FM crushes its competition in Delhi

    New Delhi 26th August, 2013 – OYE! 104.8 FM, India’s ‘Sabse Filmi’ radio station, part of the TV Today Network is steadily climbing up the ladder in the Delhi market. As per the latest RAM ratings in Delhi, Oye! 104.8 FM has soared ahead on the radio charts crushing its nearest competition Radio City (9.2%) and RED FM (8.6%) in all people 20+ with a 10.2% market share.

    India’s sabse filmi radio station has been growing at a rapid pace and is leaping ahead of its competition courtesy its distinct programming. Almost all shows have exhibited exceptional growth in their respective time bands. The ‘filmi’ edge, interstitials and bollywood content of the station has seen a tremendous rise in popularity among listeners. At 12+ TG too, OYE FM happens to be ahead of Radio City.