ITV

Tag: radio business

  • TV Today to reorganise tabloid and radio business

    TV Today to reorganise tabloid and radio business

    BENGALURU: TV Today Network Limited (TVTN) has informed the bourses that its board of directors has inter-alia approved the acquisition of equity shares of Mail Today Newspapers Private Limited (Mail Today) from its other shareholders and to reorganise its radio business subject to the requisite approvals.

    Mail Today

    TVTN says that Mail Today is of strategic importance to it and can be of great value in the future. Living Media India Limited (LMIL) holds 66.78 percent of the equity shares through its wholly owned subsidiary India Today Online Private Limited (ITOPL), while AN (Mauritius) Limited holds 25.21 percent of the equity shares of Mail Today. Both the entities will transfer the shares to TVTN as a gift so that Mail Today becomes a wholly owned subsidiary of the company. TVTN has valued the equity shares held by ITOPL at Rs 26.80 crore and those held by AN (Mauritius) Limited at Rs 10.12 crore. TVTN says that the fair value loss under IND AS in connection with investment in Mail Today shares presently held by the company amounted to Rs 42.30 crore.

    Mail Today has an authorised share capital of Rs 135 crore, out of which Rs129.09 crore is the paid up capital. It had turnover of Rs 40.43 crore and profit after tax of Rs 6.01 crore for FY-15-16.

    Radio Business

    The TVTN board of directors have approved the acquisition of 100 percent the paid-up capital of Vibgyor Broadcasting Private Limited (VBPL) for the purpose of re-organising its radio business by transferring its radio business through slump sale to VBPL. The price at which the transfer is to take place will be decided at the next board meeting.

    TVTN says that the transfer of the radio business into a separate company is being done to segregate the radio business operations and to have better focused management for the same and enhance the business value in the subsidiary.

    It may be recalled that TVTN has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) of the Bennet Coleman group and has also recently signed ENIL on to hawk ads for its three remaining stations. Permission to sell the remaining three stations to ENIL has been denied by the MIB.

  • TV Today to reorganise tabloid and radio business

    TV Today to reorganise tabloid and radio business

    BENGALURU: TV Today Network Limited (TVTN) has informed the bourses that its board of directors has inter-alia approved the acquisition of equity shares of Mail Today Newspapers Private Limited (Mail Today) from its other shareholders and to reorganise its radio business subject to the requisite approvals.

    Mail Today

    TVTN says that Mail Today is of strategic importance to it and can be of great value in the future. Living Media India Limited (LMIL) holds 66.78 percent of the equity shares through its wholly owned subsidiary India Today Online Private Limited (ITOPL), while AN (Mauritius) Limited holds 25.21 percent of the equity shares of Mail Today. Both the entities will transfer the shares to TVTN as a gift so that Mail Today becomes a wholly owned subsidiary of the company. TVTN has valued the equity shares held by ITOPL at Rs 26.80 crore and those held by AN (Mauritius) Limited at Rs 10.12 crore. TVTN says that the fair value loss under IND AS in connection with investment in Mail Today shares presently held by the company amounted to Rs 42.30 crore.

    Mail Today has an authorised share capital of Rs 135 crore, out of which Rs129.09 crore is the paid up capital. It had turnover of Rs 40.43 crore and profit after tax of Rs 6.01 crore for FY-15-16.

    Radio Business

    The TVTN board of directors have approved the acquisition of 100 percent the paid-up capital of Vibgyor Broadcasting Private Limited (VBPL) for the purpose of re-organising its radio business by transferring its radio business through slump sale to VBPL. The price at which the transfer is to take place will be decided at the next board meeting.

    TVTN says that the transfer of the radio business into a separate company is being done to segregate the radio business operations and to have better focused management for the same and enhance the business value in the subsidiary.

    It may be recalled that TVTN has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) of the Bennet Coleman group and has also recently signed ENIL on to hawk ads for its three remaining stations. Permission to sell the remaining three stations to ENIL has been denied by the MIB.

  • RBNL’s radio business continues profitable run in Q1-2014

    RBNL’s radio business continues profitable run in Q1-2014

    BENGALURU: Note: The profit/loss figures mentioned collectively or for each segment in this report are profits before tax and interest (PBIT), unless stated otherwise.

     

    Reliance Broadcast Network Limited (RBNL) radio business which first returned a profit in Q3-2013 of Rs 3.36 crore, followed by a profit of Rs 8.06 crore in Q4-2013 continued its profitable run with positive figures of Rs 8.71 crore for Q1-2014.

     

    On a consolidated basis, RBNL reported a loss of Rs 15.76 crore for Q1-2014, about 55 per cent of the loss of Rs 28.705 crore loss during Q1-2013 and about 65.25 per cent of the Rs 24.154 crore loss reported for Q4-2013. RBNL reported a loss of Rs 91.73 crore for FY-2013.

     

    RBNL CFO Asheesh Chatterjee informed www.indiantelevision.com, “RBNL achieved cash break-even at consolidated level and remains PAT positive at standalone basis in Q1-2014.

    Radio business reported 31 per cent y-o-y growth in revenue and EBITDA of Rs 17.4 crore. TV business sustained leadership reporting 37 per cent y-o-y revenue growth.”

     

    Overall

     

    Q1-2014 consolidated total income of Rs 61.1 crore; increase of 26 per cent y-o-y
    Q1-2014 consolidated EBITDA at Rs 0.9 crore – achieves break even.
    Q1-2014 consolidated EBIT was Rs (9.8 crore)
    Q1-2014 standalone total income of Rs 58.5 crore; increase of 18 per cent y-o-y
    Q1-2014 standalone EBITDA at Rs 19 crore; increase of 382 per cent y-o-y.
    Q1-2014 standalone EBIT at Rs 8.8 crore; increase of 264 per cent y-o-y
    Q1-2014 standalone PAT at Rs 2.1 crore; increase of 112 per cent y-o-y.

     

    Let us look at RBNL’s figures from various segments in Q1-2014

     

    Radio

     

    Revenue from radio contributed a major chunk – Rs 47.27 crore or about 73.26 per cent of RBNL’s total revenue of Rs 64.53 crore and 76 per cent of Income from operations at Rs 62.19 crore during Q4-2014.

     

    Revenue from radio in Q1-2014 at Rs 47.27 crore grew 31.3 per cent as compared to the Rs 36.01 crore for Q1-2013 and grew 2.6 per cent as compared to the revenue of Rs 46.09 crore for Q4-2013.

     

    Q1-2014 radio standalone EBITDA at Rs 17.4 crore as against EBITDA of Rs 7.8 crore in Q1-2013; increase of 122 per cent y-o-y

     

    Q1-2014 radio standalone EBIT at Rs 8.7 crore as against EBIT of Rs (-1.0) crore in Q1-2013.

     

    TV Production

     

    TV Production, with a standalone revenue of Rs 5.90 crore, contributed 9.5 per cent to Income from operations during Q4-2014. Revenue from production in Q1-2014 grew by 11.8 per cent as compared to the revenue of Rs 5.28 crore in Q1-2013 and 29.24 per cent as compared to the revenue of Rs 4.57 crore in Q4-2013. Production suffered a loss in Q4-2014 of Rs 0.423 crore as compared to a profit of Rs 0.1059 crore in Q1-2013, but 16.11 per cent lower than the loss of Rs 0.504 crore reported for Q4-2013.

     

    Standalone EBDITA for Q1-2014 from this segment was Rs (-0.3) crore in Q1-2014 as compared to the EBDITA of Rs0.2 crore in Q1-2013 and Rs (-0.3) crore in Q4-2014.

     

    OOH

     

    Revenue from outdoor at Rs 1.995 crore in Q1-2014 was almost one third (34.5 per cent) of the revenue of Rs 5.99 crore in Q1-2013 and just 30.6 per cent of the Rs 6.303 crore in Q4-2013. Loss from this revenue segment in Q1-2014 was significantly lower (by 12.4 times) at Rs 0.1758 crore as compared to the loss of Rs 2.182 crore in Q1-2013. Outdoor returned a profit of Rs 0.1407 crore for Q4-2013.

    Standalone EBITDA from this segment was a positive Rs 1.2 crore during Q1-2014 as compared to a loss of Rs 1.8 crore in Q1-2013 and Rs 0.7 crore during Q4-2013
    Televison.

     

    Consolidated revenue of Rs 8.44 crore from television contributed 13.6 per cent of total revenue for Q1-2014. Revenue from this segment grew at 36.9 per ecent as compared to the Rs 6.16 crore reported for Q1-2013 and just half a per cent as compared to the Rs 8.39 crore for Q4-2013. Consolidated loss from television in Q1-2014 at Rs 18.06 crore was 54.4 per cent higher than the loss of 11.69 crore for Q1-2013, but was significantly lower by 32 per cent as compared to the Rs 26.54 crore loss for Q4-2013.

     

    RBNL CEO Tarun Katial said, “Reliance Broadcast Network has delivered a robust performance, breaking even at the operating level. Radio has delivered the highest ever Q1 performance, fortifying its position as the leading national network and both key businesses of radio and television are primed to benefit from government reforms.”

     

    RBNL says that its flagship general entertainment channel Big Magic which emerged a leader in the Hindi heartland, has steadily expanded distribution across the Hindi speaking markets of India, benefiting from phase II of television digitisation. Its ays that TRAI’s mandate to regulate advertisement inventory to 10 minutes per clock hour will translate into more equitable distribution of advertisement inventory across channels, resulting in increased advertisement flow to both radio and emerging channels like Big Magic, Big CBS and Big RTL Thrill.