ITV

Tag: Radio

  • Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 22.5 per cent QoQ increase in Total Income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company reported TIO of Rs 585.89 crore in the current quarter as compared to Rs 478.33 crore in the immediate trailing quarter. YoY, TIO increased 5.7 per cent as compared to Rs 554.57 crore in Q3-2015.

     

    Revenue growth was driven by a 21.9 per cent QoQ growth in revenue from the company’s print segment at Rs 539.28 crore as compared to Rs 442.24 crore and a 34.9 per cent QoQ growth in the company’s radio segment revenue at Rs 32.32 crore (5.5 per cent of TIO) as compared to Rs 23.96 crore (five per cent of TIO). YoY, revenue from print segment increased 3.9 per cent as compared to Rs 518.9 crore, while radio segment revenue increased 25.8 per cent as compared to Rs 25.69 crore (4.6 per cent of TIO).

     

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

     

    Operating Results/PAT

     

    The company reports revenue from five segments:  Printing and publishing of newspaper and periodicals (Printing segment); Radio segment (under the brand My FM); Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered in this report.

     

    The company reported 80.7 per cent QoQ growth in profit after tax (PAT) for the current quarter at Rs 108.63 crore (18.2 per cent margin) as compared to Rs 59.12 crore (12.4 per cent margin) and grew 1.6 per cent YoY as compared to Rs 105.11 crore (19 per cent margin).

     

    The company’s print business reported 73.5 per cent QoQ increase in operating profit at Rs 162.91 crore as compared to Rs 93.91 crore and increased 3.3 per cent YoY as compared to Rs 157.76 crore.

     

    Radio business reported almost double the operating profit (grew by 98.7 per cent) QoQ at Rs 12 crore as compared to Rs 6.04 crore and increased 27.1 per cent YoY as compared to Rs 9.44 crore.

     

    Advertisement and subscription revenue

     

    The company says that its advertising revenue declined 0.6 per cent YoY to Rs 391.2 crore in the current quarter as compared to Rs 393.4 crore in the corresponding quarter of last year, but increased 27 per cent QoQ as compared to Rs 307.9 crore. Circulation revenue increased 17.8 per cent in YOY in Q3-2016 to Rs 114.1 crore as compared to the Rs 96.9 crore and grew eight per cent QoQ as compared to Rs 105.7 crore.

     

    DB Corp managing director Sudhir Agarwal said, “The success of our yield strategy has begun delivering encouraging results as we make aggressive efforts to gain back volume growth across our legacy and emerging markets, which have started responding well. We have taken every step to maintain our leadership position and we continue to be the largest circulated newspaper since last three years while we are the fourth largest circulated newspaper in the world – a great honour and responsibility for us. Our focus on stronger operating efficiencies and better expense management has ensured our financial health while softened newsprint costs have also protected our profitability.

    Our non-print businesses are well on course as our digital business continues to gather momentum and our radio business strategy maintains commendable progress as we prepare to commence operations of the newly acquired stations over four to six months. The government is in the midst of introducing structural reforms with a long term vision and we believe that present green shoots will translate into a positive pick up for a better economic environment.”

  • Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 22.5 per cent QoQ increase in Total Income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company reported TIO of Rs 585.89 crore in the current quarter as compared to Rs 478.33 crore in the immediate trailing quarter. YoY, TIO increased 5.7 per cent as compared to Rs 554.57 crore in Q3-2015.

     

    Revenue growth was driven by a 21.9 per cent QoQ growth in revenue from the company’s print segment at Rs 539.28 crore as compared to Rs 442.24 crore and a 34.9 per cent QoQ growth in the company’s radio segment revenue at Rs 32.32 crore (5.5 per cent of TIO) as compared to Rs 23.96 crore (five per cent of TIO). YoY, revenue from print segment increased 3.9 per cent as compared to Rs 518.9 crore, while radio segment revenue increased 25.8 per cent as compared to Rs 25.69 crore (4.6 per cent of TIO).

     

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

     

    Operating Results/PAT

     

    The company reports revenue from five segments:  Printing and publishing of newspaper and periodicals (Printing segment); Radio segment (under the brand My FM); Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered in this report.

     

    The company reported 80.7 per cent QoQ growth in profit after tax (PAT) for the current quarter at Rs 108.63 crore (18.2 per cent margin) as compared to Rs 59.12 crore (12.4 per cent margin) and grew 1.6 per cent YoY as compared to Rs 105.11 crore (19 per cent margin).

     

    The company’s print business reported 73.5 per cent QoQ increase in operating profit at Rs 162.91 crore as compared to Rs 93.91 crore and increased 3.3 per cent YoY as compared to Rs 157.76 crore.

     

    Radio business reported almost double the operating profit (grew by 98.7 per cent) QoQ at Rs 12 crore as compared to Rs 6.04 crore and increased 27.1 per cent YoY as compared to Rs 9.44 crore.

     

    Advertisement and subscription revenue

     

    The company says that its advertising revenue declined 0.6 per cent YoY to Rs 391.2 crore in the current quarter as compared to Rs 393.4 crore in the corresponding quarter of last year, but increased 27 per cent QoQ as compared to Rs 307.9 crore. Circulation revenue increased 17.8 per cent in YOY in Q3-2016 to Rs 114.1 crore as compared to the Rs 96.9 crore and grew eight per cent QoQ as compared to Rs 105.7 crore.

     

    DB Corp managing director Sudhir Agarwal said, “The success of our yield strategy has begun delivering encouraging results as we make aggressive efforts to gain back volume growth across our legacy and emerging markets, which have started responding well. We have taken every step to maintain our leadership position and we continue to be the largest circulated newspaper since last three years while we are the fourth largest circulated newspaper in the world – a great honour and responsibility for us. Our focus on stronger operating efficiencies and better expense management has ensured our financial health while softened newsprint costs have also protected our profitability.

    Our non-print businesses are well on course as our digital business continues to gather momentum and our radio business strategy maintains commendable progress as we prepare to commence operations of the newly acquired stations over four to six months. The government is in the midst of introducing structural reforms with a long term vision and we believe that present green shoots will translate into a positive pick up for a better economic environment.”

  • Big Magic Ganga announces ‘Mele Ka Big Star’ season 7

    Big Magic Ganga announces ‘Mele Ka Big Star’ season 7

    MUMBAI:  Reliance Broadcast Network’s regional channel Big Magic Ganga has launched season 7 of Mele ka Big Star, after a resounding response for the previous 6 seasons. Combining the biggest melas of Uttar Pradesh and Bihar, Mele ka Big Star will bring forth hidden talent from across the Hindi heartland.

     

    The channel has roped in Dabur Red Paste as a presenting sponsor and Reliance Cement as the powered by sponsor.

     

    With 92.7 Big FM as the Radio partner, Mele ka Big Star is spread across nine cities and nine mela’s and will reach out to more than 15 million people from the region. Viewers can also tune in to Big Magic Ganga for details or submit their auditions through Mele ka Big Star app which is available at the Google Play Store.

     

    In addition to this, a high decibel marketing approach to the show will facilitate an extensive forum for marketers to directly connect with their consumers. The show will be promoted through TV, radio, digital and print.

     

    Speaking about the property, a spokesperson from Big Magic Ganga said, “ Mele ka Big Star has come a long way, ever since we launched the first season in 2012. The response from the audience has been overwhelming and it only encourages us to go out there to put up a bigger and better show with every passing season. With season 7, we are trying to raise the bar in terms of audience engagement. Like every year, our aim is to bring talent from the Hindi heartland to the world at large, and we are confident of yet another successful season.”

     

    The grand finale will be aired on Big Magic Ganga and the winner will be presented with the title of Mele ka BIG Star-season 7 and an opportunity to showcase his or her act on one of Big Magic Ganga’s special shows.

     

    The show has already travelled to some of the biggest melas of the Hindi heartland including Kumbh, Sonepur, Meerut Nauchandi, Aligarh Numaish etc. More than 7,500 performers have lived their dream on Mele Ka Big Star’s unique platform.

  • Tackling pirate radio could save Londoners ?1 million: Ofcom

    Tackling pirate radio could save Londoners ?1 million: Ofcom

    MUMBAI: A new approach to tackling pirate radio has eradicated the problem in one London borough, and could save up to ?1 million for Londoners by being rolled out across the capital.

     

    Pirate radio harms local communities and the critical communications used by the emergency services. Ofcom, which manages radio frequencies, is hosting a summit on 3 November to explore the new approach to tackling the problem.

     

    Pirate stations typically use high-rise buildings for their broadcasts, with illegal transmitters installed on rooftops or hidden in lift shafts. This damages residential properties owned by local authorities, disrupting residents’ lives and putting people at risk from falling equipment.

     

    Ofcom has been working in north London, one of the UK’s most affected areas, with housing body Homes for Haringey. In 2014, 19 pirate radio stations were illegally broadcasting in Haringey. By quickly removing their transmitters and regularly patrolling and securing rooftops, pirate radio has now been eradicated in the borough.

     

    As a result, Homes for Haringey has saved ?90,000 in enforcement and maintenance costs over the past year.

     

    On 3 November, Ofcom will be meeting with local authorities from across London to share the success of the Homes for Haringey partnership. If this collaborative and proactive approach is rolled out across the capital, local authorities stand to save an estimated total of ?1 million per year.

     

    Ofcom’s Spectrum Enforcement team head Clive Corrie said, “Illegal broadcasting harms local communities and risks lives by interfering with vital communications used by the emergency services and air traffic control. By working in partnership with local authorities, Ofcom is tackling this problem. We also strongly urge those broadcasting illegally to get involved with internet or community radio, a legitimate route on to the airwaves.”

     

    Homes for Haringey executive director of operations Astrid Kjellberg-Obst added, “Pirate radio stations damage people’s homes and can be extremely distressing to our residents. We’ve seen huge success in tackling the problem with the measures that we’ve introduced, removing all pirate radio stations from Haringey and saving the borough tens of thousands of pounds in the process. We will continue to work with Ofcom to keep Haringey pirate-free.”

     

    Harmful interference to emergency services

    Pirate radio causes interference to critical radio services, including those used by the emergency services and air traffic control.

     

    In 2014, the UK’s air traffic control service NATS has reported 55 cases of communications interference from pirate radio.

     

    Ofcom also receives reports each week from the emergency services and other, legitimate radio services of illegal interference. Ofcom has powers to seize illegal broadcasting equipment and prosecute those involved.

  • Q2-2016: DB Corp print revenue drops marginally; radio revenue up 5%

    Q2-2016: DB Corp print revenue drops marginally; radio revenue up 5%

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a 0.4 per cent fall in YoY Total Income from Operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter). The company reported a TIO of Rs 478.33 crore in the current quarter as compared to the Rs 480.21 crore in the corresponding year ago quarter and a one per cent growth as compared to the Rs 473.36 crore in Q1-2016.

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

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

     

    Segment Numbers

     

    The company reports revenue from five segments: Printing and publishing of newspaper and periodicals (Printing segment); Radio segment; Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered below.

     

    Radio segment

     

    DB Corp’s radio segment reported a 5.2 per cent growth in operating revenue to Rs 23.96 crore in the current quarter as compared to the Rs 22.77 crore in Q2-2015 and 11.5 per cent more than the Rs 21.50 crore in Q1-2016. The segment reported an eight per cent drop in operating profit to Rs 6.04 crore in the current quarter as compared to the Rs 6.57 crore in Q2-2015, but 48 per cent more than the Rs 4.08 crore in the immediate previous quarter. The company’s radio business PAT stands at Rs 4 crore. 

     

    Radio segment EBIDTA declined 6.7 per cent in Q2-2016 to Rs 8 crore as compared to the Rs 8.6 crore in Q2-2015, but grew 31.6 per cent as compared to the Rs 6.1 crore in Q1-2016.

     

    Printing segment

     

    The company’s printing segment reported a 1.6 per cent decline in operating revenue at Rs 442.24 crore in Q2-2016 as compared to the Rs 449.32 crore in Q2-2015, but 0.5 per cent more than the Rs 440.19 crore in Q1-2016. The segment reported a 6.2 per cent decline in operating result to Rs 93.91 crore as compared to the Rs 110.07 crore in Q2-2015 and was 6.2 per cent lower than the Rs 108.56 crore in the immediate trailing quarter.

     

    DB Corp’s profit after tax (PAT) in the current quarter declined 13.2 per cent to Rs 59.12 crore as compared to the Rs 68.11 crore in Q2-2015 and declined 11 per cent as compared to the Rs 66.46 crore in Q1-2016.

     

    DB Corp achieved EBIDTA margins of 24 per cent at Rs 117.1 crore from Rs 127.1 crore in Q2-2015, after factoring in forex loss of Rs 1.56 million and its Bihar launch preoperative expenditure of Rs 2.77 crore.

     

    Total Expenditure in the current quarter grew 2.8 per cent to Rs 388.14 crore as compared to the Rs 377.53 crore in Q2-2015 and was 4.3 per cent more than the Rs 372.30 crore in Q1-2016. Raw Material consumption in Q2-2016 declined 7.7 per cent to Rs 149.69 crore as compared to the Rs 162.09 crore in Q2-2015 and was 3.4 per cent more than the Rs 144.74 crore in Q1-2016.

     

    Advertising and Circulation revenue

     

    The company says that its advertising revenue declined to Rs 343.3 crore in the current quarter as compared to Rs 316 crore in the corresponding quarter of last year on account of the impact of the difference in the dates of the Navratri festival during the years FY-2015 and FY-2016.

     

    Circulation revenue increased 16 per cent in Q2-2016 to Rs 105.7 crore as compared to the Rs 91.5 crore, primarily due to yield driven growth, largely coming from its mature markets.

     

    Company speak

     

    DB Corp managing director Sudhir Agarwal said, “This quarter we established another expansion milestone as we consolidated our presence in Bihar, a region of strong strategic importance and we are able to provide a better reach to our advertisers and cater to an under-tapped, yet potential readership base. The yield strategy we have adopted has begun delivering good results as is evident from a consistent growth in yields. We are patiently continuing to have intensive successful discussions with our national and local level advertisers who have supported our yield strategy and highly appreciate the value we bring to support their plans. We are committed to strengthen these relationships as we progress.”

     

    “DB Digital has been performing well as we continue to gather commendable momentum with 177 per cent growth in page views and unique visitors. Our radio business strategy to be the market leading radio business in ‘Unmetro ‘ regions is well aligned to print business and with the recent acquisition of 14 frequencies in the Phase III auctions, we are now strongly placed to offer compelling package and reach to advertisers in Maharashtra, Rajasthan, CPH and Gujarat. On an overall basis, we continue to take all measures to leverage our strengths across print, radio and digital businesses to drive growth aggressively, while also ensuring that we continue to achieve better organisational efficiencies.“

  • ENIL wins 17 FM channels; HT Media bags Delhi for Rs 169 crore

    ENIL wins 17 FM channels; HT Media bags Delhi for Rs 169 crore

    NEW DELHI: Entertainment Network India Ltd (ENIL) appears to be the largest gainer in the first stage of the FM Radio Phase III e-auctions declared today with 17 channels in its kitty.

     

    HT Media was the bidder for the sole channel in Delhi, which it picked up for a whopping sum of Rs 169.16 crore. HT Media also bagged one of the two channels in Mumbai. The other went to Digital Radio (Mumbai) Broadcasting Pvt Ltd, which an affiliate of Sun TV Network.

     

    On the other hand, ENIL bagged the sole channel in Bengaluru along with two channels in Hyderabad, with one other channel in Hyderabad going to HT Media. ENIL also bagged the sole channel in Guwahati and one of the two in Jammu, the other going to Rajasthan Patrika.

     

    Rajasthan Patrika successfully bid for 14 channels, while Reliance Broadcast Network has got 14 channels and DB Corp Ltd has got 14 channels. Meanwhile, Music Broadcast Pvt Ltd has got 11 channels and HT Media has 10 channels.

     

    The others, who have successful bid are Digital Radio (Delhi) Broadcasting, Digital Radio (Mumbai) Broadcasting, Abhijeet Realtors and Infraventures Pvt Ltd, Renderlive Films and Entertainment Pvt Ltd, Sarthak Films Pvt Ltd, Abir Buildcon Pvt Ltd, Mathrubhumi Printing and Publishing Co Pvt Ltd and Odisha Television Ltd. 

     

    Bhubaneswar – the city, which got the maximum number of bids, has been bagged by Sarthak Films Pvt Ltd.

     

    The auction was stopped on the 33rd day after just one round, with 97 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1156.9 crore against their aggregate reserve price of about Rs 459.8 crore.

     

    The results of 91 channels in 54 cities were declared today (16 September) by the Information and Broadcasting Ministry. These results do not include the results of the bids by M/s Sun TV, South Asia FM and Kal Radio in compliance with the orders of the Madras High Court.

     

    The I&B ministry said the Centre had decided to file a special leave to appeal in the Supreme Court against the order of 26 July of the Delhi High Court in the petitions by Digital Radio (Mumbai) Broadcasting Ltd. & Digital Radio (Delhi) Broadcasting Ltd. respectively.

     

  • Day 31: All top winning cities show bids lower than clock round price in FM Phase III

    Day 31: All top winning cities show bids lower than clock round price in FM Phase III

    NEW DELHI: There was virtually no activity on the 31st day in the FM Phase III e-auctions with the cumulatve winning price at the end of the 124th round rising by just Rs 10 lakh to Rs 1156.9 crore.

     

    The smaller 31 cities that have so far got bids of Rs 1 – Rs 9 crore will call the shots as there appear to be no bidders for the larger cities.

     

    The overall cumulative provisional winning price has risen over the total reserve price of the first batch of 135 FM channels in 69 existing cities – Rs 550.18 crore – by Rs 606.72 crore or 110.27 per cent.  

     

    However, apart from the fact that 13 cities have not got a single bidder despite a month having passed, it is interesting that all the cities whose prices have remained static for a long period have in fact got bids lower than the clock round price (given in brackets in each case): Delhi – Rs 169.16 crore (Rs 170.86 crore) for one channel; Mumbai – Rs 122.81 crore (Rs 124.04 crore) for two channels; and Bengaluru – Rs 109.25 crore (Rs 110.34 crore). 

     

    The same also stands true for other cities having got bids of more than Rs 10 crore namely: Chennai at Rs 53.38 crore (Rs 53.92 crore), Ahmedabad at Rs 42.68 crore (Rs 43.11 crore), Pune at Rs 42.03 crore (Rs 42.45 crore), Jaipur at Rs 28.34 crore (Rs 28.63 crore), Chandigarh at Rs 19.04 crore (Rs 19.23 crore), Hyderabad at Rs 18 crore (Rs 18.18 crore), Patna at Rs 17.89 crore (Rs 18.07 crore), Varanasi at Rs 17.49 crore (Rs 17.66 crore), Cochin at Rs 15.04 crore (Rs 15.80 crore), Nasik at Rs 14.66 crore (Rs 14.80 crore), Lucknow at Rs 14 crore (Rs 14.14 crore) and Jodhpur at Rs 11.44 crore (Rs 11.55 crore). 

     

    The number of channels remained the same – 97 channels in 56 cities, and the bids showed a minor rise in the cumulative reserve price by Rs 697.05 crore or 151.58 per cent against the aggregate reserve price of about Rs 459.8 crore. The Percentage Price Increment applicable for the Next Clock Round remained nil in all cities. 

     

    Cities expected to enter the Rs 10 crore club in the next few days appear to be Jodhpur, Kanpur, Rajkot, Amritsar, Madurai, and Aurangabad which have all got above Rs 6 crore each.

     

    The 13 cities eluding bidders are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

     

    The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in the 124th round in Hyderabad.

     

    The winning price has risen by more than 100 per cent above their respective reserve prices in Ahmedabad, Amritsar, Aurangabad, Bengaluru, Bhubaneshwar, Chennai, Delhi, Guwahati, Jaipur, Jodhpur, Kolhapur, Mumbai, Nasik, Patna, Pune, Rourkela and Varanasi, all of which got provisional winning bidders at prices more than double the respective reserve prices.

  • Day 29: One month on, focus stays on smaller cities in FM Phase III bidding

    Day 29: One month on, focus stays on smaller cities in FM Phase III bidding

    NEW DELHI: With virtually no bidding on the 29th day in the FM Phase III e-auctions with the cumulative winning price at the end of the 116th round to rising by just Rs 4 lakh from yesterday to Rs 1156.6 crore today, the focus now appears to be shifting to the 31 cities that have so far got bids between Rs 1 – 9 crore.

     

    Even this minuscule rise could be attributed to the fact that the number of channels went up by one to 97 channels in 56 cities, though the total bids remained the same as yesterday being above the cumulative reserve price by Rs 696.7 crore or 151.5 per cent against the aggregate reserve price of about Rs 459.8 crore.

     

    The cumulative provisional winning price has thus risen over the total reserve price of the first batch of 135 FM channels in 69 existing cities – Rs 550.18 crore – by Rs 606.4 crore or 110.2 per cent.  

     

    Cities in the corridors leading to the Rs 10 crore club appear to be Kanpur, Rajkot, Amritsar, Madurai, and Aurangabad, which have all got above Rs 6 crore each. 

     

    After almost one month of bidding, thirteen cities still continue to elude bidders. They are: Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

     

    The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in the 116th round in Hyderabad.

     

    The Percentage Price Increment applicable for the Next Clock Round rose to five in Bareilly but was one in Jalgaon. There was no change in other cities.

  • Day 28: Varanasi only city to show rise in FM Phase III auction, cumulative price up marginally

    Day 28: Varanasi only city to show rise in FM Phase III auction, cumulative price up marginally

    NEW DELHI: The bidding for FM Phase III appears to have slowed down yet again with the cumulative winning price at the end of the 112th round on the 28th day rising marginally to Rs 1156.2 crore in the e-auction for the first batch.

     

    The focus remains on smaller cities as Ahmednagar, Bareilly and Hissar are marching forward.

     

    Varanasi continued to march higher to Rs 17.49 crore, but Jodhpur at Rs 11.44 crore and Kohlapur with Rs 9.44 crore were stable. Others in the aisles to enter the Rs 10 crore club appear to be Kanpur, Rajkot, Amritsar, Madurai, and Aurangabad, which have all got above Rs 6 crore each.

     

    The number of channels – 96 channels in 56 cities – remained the same but the total bids surpassed the cumulative reserve price by Rs 696.7 crore or 151.6 per cent against the aggregate reserve price of about Rs 459.5 crore.

     

    The cumulative provisional winning price has thus risen over the total reserve price of the first batch of 135 FM channels in 69 existing cities – Rs 550.18 crore – by Rs 606 crore or 110.1 per cent.

     

    As was reported earlier by Indiantelevison.com, 13 cities namely Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal continue to elude bidders.

     

    The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in the 112th round in Hyderabad.

     

    The Percentage Price Increment applicable for the Next Clock Round rose to one each in Ahmednagar, Bareilly, Hissar, and Varanasi. There was no change in the other cities.

     

    The winning price has risen by more than 100 per cent above their respective reserve prices in Ahmedabad, Amritsar, Aurangabad, Bengaluru, Bhubaneshwar, Chennai, Delhi, Guwahati, Jaipur, Jodhpur, Kolhapur, Mumbai, Nasik, Patna, Pune, Rourkela and Varanasi, all of which got provisional winning bidders at prices more than double the respective reserve prices.

     

    The provisional winning price in the top three cities reflected no change: Delhi – Rs 169.16 crore (for just one channel); Mumbai – Rs 122.81 crore (for two channels); and Bengaluru – Rs 109.25 crore. In addition, Chennai at Rs 53.38 crore, Ahmedabad at Rs 42.68 crore, Pune at Rs 42.03 crore, Jaipur at Rs 28.34 crore, Chandigarh at Rs 19.04 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore, Cochin at Rs 15.04 crore, Nasik at Rs 14.66 crore and Lucknow at Rs 14 crore have remained static for some days now.

     

    When queried as to why cities where the price has been static for many days are not being frozen, a senior I&B Ministry official said that the process was mechanical without human interference and therefore the computer would decide when it is time to stop. In any case, he added that someone could always come up with a higher bid even later.

  • Day 27: Smaller cities take cumulative winning price to Rs 1155 crore in FM Phase III

    Day 27: Smaller cities take cumulative winning price to Rs 1155 crore in FM Phase III

    NEW DELHI: The cumulative winning price at the end of the 108th round on the 27th day raced up to Rs 1155 crore in the e-auction for the first batch of FM Phase III cities, with smaller cities like Ahmadnagar, Sholapur and Hissar marching forward.

     

    After a week, the number of channels increased by two at 96 channels in 56 cities – and the total bids surpassed the cumulative reserve price by Rs 695.5 crore or 151.2 per cent against the aggregate reserve price of about Rs 459.5 crore. 

     

    The cumulative provisional winning price has thus risen over the total reserve price of the first batch of 135 FM channels in 69 existing cities – Rs 550.18 crore – by Rs 604.8 crore or 109.9 per cent.

     

    Varanasi continued to march higher to Rs 16.80 crore, and Jodhpur also showed a jump to Rs 11.44 crore, while Kohlapur was stable with Rs 9.44 crore. Others in the waiting for entry to the Rs 10 crore club appear to be Kanpur, Rajkot, Amritsar and Aurangabad, which have all got above Rs 7 crore each.  

     

    E-auction will continue as long as bids are received for any of the 135 channels, including the 13 cities for which no bids have come. An Information and Broadcasting Ministry source said that the bidding process was mechanical without human interference and therefore the computer would decide when it is time to stop.

     

    The Auction Activity Requirement rose to 100 per cent after the 59th round on 14 August, after being 90 per cent after the 37th round on 7 August.

     

    One channel in Guwahati had fetched a price of Rs 4.11 crore against its reserve price of Rs 37 lakh, registering a rise of almost of 980 per cent. A few days earlier, Bhubaneswar had also set a record with a single channel getting the most competitive bidding increment-wise (Rs 7.40 crore) by going up nine times the reserve price.  
     

    The 13 cities that continue to elude bidders are: Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

     

    The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in the 108th round in Hyderabad.

     

    The Percentage Price Increment applicable for the Next Clock Round rose to five each in Ahmednagar and Hissar but was just one in Varanasi, Shillong and Sholapur. There was no change in the other cities. 

     

    The winning price has risen by more than 100 per cent above their respective reserve prices in Ahmedabad, Amritsar, Aurangabad, Bengaluru, Bhubaneshwar, Chennai, Delhi, Guwahati, Jaipur, Jodhpur, Kolhapur, Mumbai, Nasik, Patna, Pune, Rourkela and Varanasi, all of which got provisional winning bidders at prices more than double the respective reserve prices. 

     

    The provisional winning price in the top three cities reflected no change: Delhi – Rs 169.16 crore (for just one channel); Mumbai – Rs 122.81 crore (for two channels); and Bengaluru – Rs 109.25 crore.

     

    Chennai at Rs 53.38 crore, Ahmedabad at Rs 42.68 crore, Pune at Rs 42.03 crore, Jaipur at Rs 28.34 crore, Chandigarh at Rs 19.04 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore, Cochin at Rs 15.04 crore, Nasik at Rs 14.66 crore and Lucknow at Rs 14 crore remained static.