ITV

Tag: TV 18

  • Manoj Jagyasi elevated to Zee Media executive cluster head-sales

    Manoj Jagyasi elevated to Zee Media executive cluster head-sales

    NEW DELHI: Zee Media Corporation Ltd has elevated Manoj Jagyasi as executive cluster head-sales where he will be responsible for aligning the topline responsibilities with bottom numbers of cluster news channels under Zee Media.

    Jagyasi was earlier working as the executive cluster head–revenue for Zee Entertainment Enterprises Ltd for the past one year. 

    In his expanded role, he will be working on co-creation of content along with keeping news value intact for better monetization opportunities for revenue teams and will also be closely working with the management team from across all verticals, in order to build a future-ready model of digital + television. 

    Jagyasi carries more than 13 years of experience in business development and sales, across industries – television, radio, internet, and FMCG and has been associated with brands like Zee Unimedia Ltd, ETV News Network at TV 18, iTV Network–India News, HUL, and India Today. 

  • IndiaCast’s associate marketing director Rahul Mishra quits; joins Cineplay

    IndiaCast’s associate marketing director Rahul Mishra quits; joins Cineplay

    MUMBAI: Jointly owned by TV 18 and Viacom 18, IndiaCast Media’s associate marketing director Rahul Mishra has put down his papers and will be serving his last day on 1 July.

    A source close to the development confirmed the news to Indiantelevision.com, “ Rahul Mishra will serve his last day on 1 July and will be joining movie production company Cineplay as a chief revenue officer.”

    Mishra will report to Cineplay CEO and founder Subodh Maskara.

    Mishra joined Indiacast in November 2014, where he was handling trade marketing for domestic channels and consumers as well as trade marketing for its international channels such as Colors, Rishtey and News18.

    Prior to joining IndiaCast, he worked with BBC World News where he had a successful stint of nearly eight years as Asia Pacific marketing manager. Mishra was also worked with WorldSpace India as manager for north and has worked for the sales and marketing teams of Hyatt and Le Meridien Hotels and Resorts.

  • IndiaCast’s associate marketing director Rahul Mishra quits; joins Cineplay

    IndiaCast’s associate marketing director Rahul Mishra quits; joins Cineplay

    MUMBAI: Jointly owned by TV 18 and Viacom 18, IndiaCast Media’s associate marketing director Rahul Mishra has put down his papers and will be serving his last day on 1 July.

    A source close to the development confirmed the news to Indiantelevision.com, “ Rahul Mishra will serve his last day on 1 July and will be joining movie production company Cineplay as a chief revenue officer.”

    Mishra will report to Cineplay CEO and founder Subodh Maskara.

    Mishra joined Indiacast in November 2014, where he was handling trade marketing for domestic channels and consumers as well as trade marketing for its international channels such as Colors, Rishtey and News18.

    Prior to joining IndiaCast, he worked with BBC World News where he had a successful stint of nearly eight years as Asia Pacific marketing manager. Mishra was also worked with WorldSpace India as manager for north and has worked for the sales and marketing teams of Hyatt and Le Meridien Hotels and Resorts.

  • Network18, TV18 report growth in revenue & operating profit for FY-2015; Q4-15

    Network18, TV18 report growth in revenue & operating profit for FY-2015; Q4-15

    BENGALURU: Reliance’s profit-making magic seems to be working on its newly acquired baby – Network 18 Media and Investments Limited (Network18). The company reported a 16.1 per cent growth in consolidated operating revenue in FY-2015 to Rs 3126.6 crore from Rs 2692.4 crore in FY-2014. 

     

    For the fourth quarter (Q4-2015), revenue increased 14 per cent to Rs 841.4 crore from Rs 738.3 crore in the corresponding year ago quarter and was up 1.1 per cent as compared to the Rs 831.9 crore in the immediate trailing quarter.

     

    Consolidated operating profit before depreciation, interest and tax (PBDIT) was up 92.2 per cent in FY-2015 to Rs 153 crore from Rs 79 crore in FY-2014. Operating PBDIT in Q4-2015 at Rs 69.7 crore was up 71.5 per cent as compared to the Rs 40.6 crore in Q4-2014 and was 3.8 per cent more than the Rs 67.1 crore in Q3-2015.

     

    According to Network18, the company has made a one-time exceptional adjustment of Rs 1045.3 crore and hence reported a loss of Rs 1059.91 crore in FY-2015 as compared to a loss of Rs 36.77 crore in FY-2014. For Q4-2015, the company has reported a profit after tax (PAT) of Rs 10.58 crore as compared to a loss of Rs 4.12 crore in Q4-2014 and a loss of Rs 12.15 crore in Q3-2015.

     

    The improvement in results reported by its subsidiary listed company TV18 Broadcast Limited (TV18) for FY-2015 and Q4-2015 were as good as those reported by Network18.

     

    TV18 reported a 17.8 per cent growth in its income from operations to Rs 2318.4 crore in FY-2015 from Rs 1968.1 crore in FY-2014. Income from operations for TV18 grew 11.8 per cent in Q4-2015 to Rs 629.7 crore as compared to the Rs 563.3 crore in Q4-2014 and was 3.7 per cent higher than the Rs 607.2 crore in Q3-2015.

     

    TV18’s consolidated PBDIT in FY-2015 at Rs 252.5 crore was 19.8 per cent higher than the Rs 210.7 crore reported for the last fiscal. PBDIT for Q4-2015, at Rs 82.6 crore, was 17.7 per cent higher than the Rs 70.2 crore in Q4-2014 and four per cent more than the Rs 79.4 crore in Q3-2015.

     

    Onetime adjustments were also made by TV18 to the extent of Rs 233.29 crore in FY-2015, which resulted in the company reporting a loss of Rs 38.47 crore as compared to a PAT of Rs 85.59 crore in FY-2014. However, after share of associate and minority interest, TV18 reported a PAT of Rs 44.54 crore in FY-2015 as compared to a PAT after share of associate and minority interest of Rs 103.63 crore in FY-2014.

     

    In Q3-2015, TV18 reported PAT after share of associate and minority interest of Rs 95.47 crore in Q4-2015 as compared to the Rs 35.91 crore in Q4-2014 and Rs 60.38 crore.

     

    Network18’s media operations segment reported a 16.8 per cent growth in revenue in FY-2015 to Rs 3061.69 crore as compared to the Rs 2620.69 crore in FY-2014. Revenue from this segment in Q4-2015 at Rs 832.63 crore was 15 per cent more than the Rs 723.81 crore in Q4-2014 and 2.8 per cent more than the Rs 810.01 crore in Q3-2015.

     

    Network18’s media operations segment reported operating profit of Rs 31.63 crore in FY-2015, which was 43.3 per cent lower than the Rs 55.77 crore in FY-2014. For Q4-2015, this segment reported an operating profit of Rs 58.62 crore, which was 243.4 per cent more than the Rs 24.08 crore in the corresponding year ago quarter and 33.9 per cent more than the Rs 43.79 crore in the previous quarter.

     

    Network18’s other segment – film production and distribution reported half the revenue in FY-2015 at Rs 50.96 crore as compared to the Rs 101.77 crore in FY-2015. For Q4-2015, revenue from this segment was Rs 4.08 crore, for Q4-2014, the segment reported negative revenue of Rs 14.61 crore and for Q3-2015, the revenue stood at Rs 11.99 crore.

     

    Film production and distribution segment reported an operating loss of Rs 6.44 crore in FY-2015 as compared to a much higher operating loss of Rs 24.20 crore in FY-2014. Operating loss of Q4-2015 was lower at Rs 2.44 crore as compared to the operating loss of Rs 4.59 crore in Q4-2014 and an operating profit of Rs 1.33 crore in Q3-2015.

     

    The company upped its programming cost in FY-2015 by 44.6 per cent to Rs 768.39 crore from Rs 531.56 crore in FY-2014. Programming costs in Q4-2015 were significantly higher by 55.4 per cent at Rs 208.01 as compared to the Rs 133.82 crore in Q4-2014 and 2.9 per cent more than the Rs 202.09 crore in Q3-2015.

     

    Besides TV18, which contributes to the company’s television operations, Network18 Digital and Network18 Publishing also contribute to Network18 numbers.

     

    Company quote:

     

    Among the major channels that make up Network18’s television operations, the company says that during Q4-2015, CNBC-TV18 and CNBC Awaaz maintained leadership positions in their respective genre, with market shares of 58 per cent and 60 per cent respectively. CNBC Awaaz marked the completion of 10 years of leadership since inception during this quarter. CNBC Bajar launched in FY-15 to strong positive sentiment from the Gujarati business community, also saw attractive gains in viewership.

     

    CNN-IBN led the English general news category in Q4 FY15 with a 33 per cent market share and increased its viewership by 43 per cent over Q3-2015.

     

    In the GEC segment, Colors was the No. 1 channel on weekends prime time across all four quarters of the year and rose to No. 2 spot on weekday prime time in Q4 FY15, up from No. 3 in Q3 FY15. During Q4 FY15, MTV Indies reach grew 13 per cent over Q3-2015 and Vh1 led the English music and lifestyle genre with a 24 per cent market share, while Nick continued to lead the kids’ genre throughout FY-15.

     

    Notes: Equator Trading Enterprises Private Limited (“Equator”) including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from January 22, 2014. Hence, the consolidated results of the current period include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from January 22, 2014 and its results have been accounted as “Associate” under Accounting Standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of the current year are not comparable with the corresponding previous year.

     

  • Network18 Q2-2015 results a little better q-o-q and y-o-y

    Network18 Q2-2015 results a little better q-o-q and y-o-y

    BENGALURU: Bringing Network18 Media and Investments Limited (Network 18) to the black is still work in progress for its new board, but it should get there soon, considering the company’s Q2-2015 numbers and TAM data for its bouquet of news and GEC channels led by Colors, CNBC, CNN-IBN and ETV among others.

     

    Please refer to the attached financial performance statement and press release for the various figures and TAM data reported by Network18.
     
    Network18 reported 11.2 per cent y-o-y and 5.1 per cent q-o-q growth in consolidated Total Income from Operations (TIO) in Q2-2015. The company’s consolidated TIO in Q2-2015 was Rs 744.84 crore versus Rs 669.85 crore in Q2-2014 and Rs 708.39 crore in Q1-2015. Corresponding HY-2015 and HY-2014 TIO numbers were Rs 1226.48 crore and Rs 1023.98 crore respectively, indicating a decent 18.1 per cent growth in the current half year.
     
    Note:  100,00,000 = 100 Lakhs = 10 million = 1 crore
     
    Let us look at the other Q2-2015 and HY-2015 numbers reported by Network18
     
    Consolidated loss for Q2-2015 was lower at Rs 36.47 crore versus the one time adjusted massive loss of Rs 1021.88 crore in the last quarter and the Rs 36.28 crore in Q2-2014. Loss in HY-2015 has widened to a huge Rs 1058.35 crore because of the Q1-2015 adjustments, versus the Rs 20.93 crore loss in HY-2014.
     
    Correspondingly, consolidated profit before depreciation, interest and taxes (PBDIT) numbers for the current quarter has improved to Rs 33.6 crore which was 36.2 per cent higher than Rs 24.7 crore in the immediate trailing quarter and 14.9 per cent more than the Rs 29.3 crore in the year ago quarter. In H1-2015, consolidated PBDIT at Rs. 58.3 crore was 6 times (up 514 per cent) more than the Rs. 9.5 crore in H1-2014.
     
    The company’s consolidated total expenditure at Rs 746.90 crore (100.3 per cent of TIO) was 1.8 per cent more than the Rs 733.45 crore (103.5 per cent of TIO) in Q1-2015 and 11.5 per cent more than the Rs 670.1 crore (fractionally more than 100 per cent of TIO) in Q2-2014. HY-2015 total expenditure at Rs 1480.36 crore (101.9 per cent of TIO) was 15.5 per cent more than the Rs 1281.92 crore (104.5 per cent of TIO) in HY-2014.
     
    Consolidated Programming cost at Rs 172.39 crore (23.1 per cent of TIO) was 1.7 per cent more than the Rs 169.54 crore (26.7 per cent of TIO) in Q1-2015 and 10.5 per cent more than the Rs 143.84 crore (21.5 per cent of TIO)in Q2-2014. HY-2015 programming cost at Rs 341.93 crore (23.5 per cent of TIO) was 46.9 per cent more than the Rs 232.71 crore (19 per cent of TIO) in the corresponding half year -period of last year.
     
    Finance costs in Q2-2015 was 6 per cent lower at Rs 29.01 crore (3.9 per cent of TIO) versus the Rs 30.88 crore (4.4 per cent of TIO) in Q1-2015 and 4.3 per cent more than the Rs 27.83 crore (4.2 per cent of TIO) in Q2-2014. Finance costs in HY-2015 at Rs 59.89 crore (4.1 per cent of TIO) was 0.6 per cent more than the Rs 59.53 crore (4.9 per cent of TIO) in HY-2014.
     
    On a consolidated basis, two segments contribute to the company’s numbers – Media Operations (MO) and Film production and distribution (Film).
     

    Consolidated Segment figures
     
    MO revenue in Q2-2015 was 4.5 per cent more at Rs 727.94 crore versus the Rs 694.08 crore in Q1-2015 and 19.3 per cent more than the Rs 607.8 crore in Q2-2014. In HY-2015, MO reported revenue of Rs 1419.05 crore which was 23.8 per cent more than the Rs 1146.61 crore in HY-2014.
     
    MO reported operating profit of Rs 3.88 crore in Q2-2015 versus an operating loss of Rs 83.88 crore in Q1-2015 and an operating profit of Rs 9.46 crore in Q2-2014. For HY-2015, operating loss from MO widened to Rs 79.90 crore from Rs 30.39 crore in HY-2014.
     
    Film segment reported 38.7 per cent higher revenue at Rs 19.85 crore in Q2-2015 versus the Rs 14.32 crore in Q1-2015, but was 68 per cent lower than the Rs 62.05 crore in Q2-2014. For HY-2015, Film segment revenue fell by 57.7 per cent to Rs 34.17 crore from Rs 80.85 crore in HY-2014.
     
    Film segment reported operating loss of Rs 4.38 crore in Q2-2015, operating loss of Rs 0.95 crore in Q1-2015 against an operating profit of Rs 3.13 crore. For HY-2015, this segment’s operating loss for both HY-2015 and HY-2014 was Rs 5.33 crore .
     

    Network18 Standalone Q2-2015 and HY-2015 numbers
     
    On a standalone basis, Network18 reported lower TIO in Q2-2015 at Rs 16.80 crore versus the Rs 17.77 crore in Q1-2015 and the Rs 29.23 crore in Q2-2014. HY-2015 TIO at Rs 57.95 crore was better than the Rs 34.58 crore in HY-2014. Standalone loss for Q2-2015 at Rs 18.52 crore was lower than the Rs 637.96 crore in Q1-2015 (one-time adjustment) and the Rs 32.59 crore in Q2-2014.
     

    Standalone segment figures
     
    Three segments contributed to Network18 standalone numbers – Event Management (EM), Web operations (WO) and Publishing business (publishing).
     
    Event management had no revenue in Q2-2015 and Q1-2015, and Rs 8.95 crore revenue in Q2-2014. Operating losses from this segment in Q2-2015, Q1-2015 and Q2-2014 were Rs 0.11 crore, Rs 0.06 crore and Rs 0.76 crore respectively.
     
    WO reported revenue of Rs 12.98 crore in Q2-2015, Rs 12.68 crore in Q1-2015 and Rs 9.22 crore in Q2-2014. Operating losses from this segment were Rs 2.75 crore in Q2-2015, Rs 3.99 crore in Q1-2015 and Rs 9.99 crore in Q2-2014.
     
    Publishing segment reported revenue of Rs 3.82 crore in Q2-2015, Rs 5.09 crore in Q1-2015 and Rs 10.59 crore in Q2-2015. Operating losses from this segment were Rs 1.66 crore in Q2-2015, Rs 2.29 crore in Q1-2015 and Rs 3.91 crore in Q2-2014.
     
    Additional Notes
     
    1.       Pursuant to the enactment of the Companies Act, 2013 (the Act), the Group has, effective from 1st April, 2014, reassessed the useful life of its fixed assets and has computed depreciation with reference to the useful life of assets as recommended in Schedule II to the Act. . Consequently Depreciation for the quarter and half year ended 30th September is higher by Rs.1.16 crore and Rs.9.78 crore respectively and net loss is higher by Rs. 1.16 crore nd Rs.9.78 crore respectively. Further, based on the transitional provision provided in Schedule II, an amount of Rs. 7.13  crore has been adjusted with the opening reserves during the half year ended 30th September 2014.
     
    2.        During the quarter ended 30th June, 2014, based on a review of the (i) investments, and (ii) other current and non-current assets, the Group has accounted for (a) diminution in the value of certain investments to the extent of Rs. 142.83 crore and goodwill Rs. 234.78 crore; (b) obsolescence/impairment in the value of certain tangible and intangible assets to the extent of Rs. 127.43 crore and (b) write-off and provisions of non-recoverable and doubtful loans/advances /receivables to the extent of Rs. 519.41 crore and the same has been disclosed as Exceptional Items. Further, Exceptional Items for the said quarter ended 30th June 2014 also includes Rs. 20.94 crore towards severance pay and consultancy charges. However, these adjustments will have no impact on the future operating profit and cash flows of the businesses of the Group.
     
     
    3.       Equator Trading Enterprises Private Limited (“Equator”) including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from 22nd January, 2014. Hence, the consolidated results of the current period also include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from 22nd January 2014 and its results have been accounted as “Associate” under accounting standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of this period are not comparable with the corresponding previous period.

     

     

    Click here for the financial statement

  • TV18 reports PAT of Rs 104 crore in FY-2014

    TV18 reports PAT of Rs 104 crore in FY-2014

    BENGALURU: TV18 Broadcast Limited (TV18) has reported a PAT of Rs 103.63 crore (5.27 per cent of net total income from operations or Op Inc)   in FY-2014 as compared to a loss of Rs (-25.45) crore in the previous fiscal. The company reported a (-30.51) per cent drop in Q4-2014 PAT to Rs 35.91 crore (6.37 per cent of Op Inc) from Rs 51.68 crore (9.83 per cent of Op Inc) in the immediate trailing quarter, but more than double (2.08 times) the PAT of Rs 17.30 crore (3.44 per cent of Op Inc) of the year ago quarter Q4-2013.

     

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

     

    TV18 reported Op Inc of Rs1968.13 crore in FY-2014, which was 15.83 per cent more than the Rs 1699.13 crore in FY-2013. Op Inc in Q4-2014 at Rs 563.29 crore was 7.2 per cent more than the Rs 525.47 crore in Q3-2014 and 18.67 per cent more than the Rs 474.68 crore in Q4-2013.

     

    Two segments – Media Operations and Film production and distribution contribute to TV18’s revenues.

     

    TV18’s Media operations segment reported operating revenue of Rs 1895.46 crore in FY-2014, 20.85 per cent more than the Rs 1568.45 crore in FY-2013. The segment reported an operating profit of Rs 185.05 crore which was more than double (2.22 times) the Rs 83.23 crore in FY-2013. For Q4-2014, the segment reported operating revenue of Rs 579.41 crore which was 15.05 per cent more than the Rs 503.59 crore in Q3-2014 and 33.2 per cent more than the Rs 434.98 crore in Q4-2013. Media operations segment reported an operating profit of Rs 54.33 crore which was (-33.12) per cent lower than the Rs 81.24 crore in Q3-2014, but 2.55 times the Rs 21.30 crore in Q4-2013.

     

    Let us look at the other Q4-2014 and FY-2014 numbers reported by TV18

     

    The company’s film production and distribution (film) segment reported an operating loss of Rs (-24.20) crore in FY-2014 as compared to a loss of Rs (-0.42) crore in FY-2013. Revenue reported by this segment in FY-2013 at Rs 101.77 crore was (-41.32) per cent lower than the Rs 173.43 crore in FY-2013. Loss reported by TV18’s film segment in Q4-2014 was Rs (-4.59) crore against a negative operating revenue of Rs (-14.61) crore. The segment had reported operating revenue of Rs 35.53 crore and a loss of Rs (-14.28) crore in Q3-2014, while in Q4-2013, it had reported  operating revenue of Rs 54.20 crore and an operating profit of Rs 6.16 crore.

     

    TV18’s Total Expense (Tot Exp) in FY-2014 at Rs 1813.19 crore (92.13 per cent of Op Inc) was 11.30 per cent more than the Rs 1629.04 crore (95.87 per cent of Op Inc) in FY-2013. Tot Exp in Q4-2014 at Rs 513.76 crore (91.21 per cent of Op Inc) was 11.66 per cent more than the Rs 460.12 crore (87.56 per cent of Op Inc) in Q3-2014 and 11.66 per cent more than the Rs 450.97 crore (95.01 per cent of Op Inc) in Q4-2013.

     

    TV18’s programming cost in FY-2014 at Rs 508.64 crore (24.84 per cent of Op Inc) was 7.74 per cent more than the Rs 472.10 crore (27.78 per cent of Op Inc) in FY-2013. In Q4-2014, the company spent Rs 155.28 crore (27.57 per cent of Op Inc) towards programming cost, which was 8.9 per cent more than the Rs 142.58 crore (27.13 per cent of Op Inc) in Q3-2014 and 47.34 per cent more than the Rs 105.39 crore (22.20 per cent of Op Inc) in Q4-2013.

     

    The company paid Rs 60.53 crore (3.08 per cent of Op Inc) towards finance cost in FY-2014 which was less than half (42.15 per cent) of the Rs 143.61 crore (8.45 per cent of Op Inc). Finance cost in Q4-2014 at Rs 13.16 crore (2.34 per cent of Op Inc) was (-23.09) per cent lower than the Rs 17.10 crore (3.26 per cent of Op Inc) it paid in Q3-2014 and (-42.66) per cent lower than the Rs 24.46 crore (5.15 per cent of Op Inc) in Q4-2013.

     

    Network18’s marketing expense in FY-2014 at Rs 597.44 crore (30.36 per cent of Op Inc) was 5.18 per cent more than the Rs 568.03 crore (33.43 per cent of Op Inc) in FY-2013. Marketing expense in Q4-2014 at Rs 150.48 crore (26.71 per cent of Op Inc) was 6.89 per cent more than the Rs 140.78 crore (26.79 per cent of Op Inc) in Q3-2014 and (-16.87) per cent lower than the Rs 181 crore (38.13 per cent of Op Inc) in Q4-2013.

     

    Other expense in FY-2014 at Rs 366.61 crore (18.63 per cent of Op Inc) was 25.67 per cent more than the Rs 291.73 crore (17.17 per cent of Op Inc) in FY-2013. TV18’s other expense in Q4-2014 was 11.55 per cent more at Rs 108.36 crore (19.24 per cent of Op Inc) as compared to the Rs 97.14 crore (18.49 per cent of Op Inc) in Q3-2014 and 34.1 per cent more than the Rs 80.81 crore (17.02 per cent of Op Inc) in Q4-2013.

     

    TV18’s take on its results:

     

    Note: Reported results are inclusive of the financial consolidation of ETV News (100 per cent) and ETV Entertainment (50 per cent) from 22 Jan 2014 till 31 March 2014. On 22 Jan 2014, post receipt of required regulatory approvals, TV18 completed the acquisition of the ETV channels – 100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu. In accordance with the accounting policies, ETV News and ETV Entertainment have been consolidated at 100 per cent on a line by line basis.

     

    FY-2014

     

    Reported annual revenues on a consolidated basis are up 15.8 per cent to Rs 1,968.1 crore and operating profits (EBITDA) have nearly doubled to Rs 210.5 crore.

     

    On a consolidated basis, advertising revenues grew 11 per cent year on year. Net Distribution Income (NDI) continued its steady climb to close at Rs 178 crore, up from Rs 15.7 crore in FY13.

     

    Operating profits from television operations doubled from Rs 114.2 crore to Rs 233.6 crore. General News delivered a 6.9x growth in annual operating profits and grew to Rs 22 crore. Business News remained stable despite a downturn in the markets and the absence of the Union Budget.

     

    Infotainment broke into positive territory and entertainment television business registered a 2.9x growth in operating profits (EBITDA) which stood at Rs 108.4 crore.

     

    Q4-2014

     

    Reported revenues on a consolidated basis are up 18.7 per cent YOY. Advertising revenues stood at Rs 357.8 crore. The Entertainment and General News businesses witnessed encouraging advertising revenue growth. Net Distribution Income (NDI) continued its strong financial performance through the quarter.

     

    The company successfully launched MTV Indies and Rishtey in the entertainment segment and ETV Bangla, ETV Kannada and ETV Haryana in the regional news segment.

     

    On a consolidated basis, operating profits (EBITDA) grew 2x to Rs 69.7 crore, with television operations delivering a 2.4x growth from Rs 31.6 crore to Rs 74.4 crore.

     

    TV18 Head Honcho Speak:

     

    Network18  managing director Raghav Bahls said, “We are enthused by the outstanding performance of TV18 for this financial year. All our businesses contributed positively to achieve our highest ever post-tax profits of Rs 103.6 crore, despite the continued uncertainty in the macro-economic environment. We are confident of sustaining our growth trajectory, as we continue to extract value from our existing operations as well as profitably grow our newer initiatives.”

     

    Network18Group former CEO B. Saikumar said, “We are extremely pleased that all our broadcast operations continued to deliver their margins despite softness in the advertising environment. IndiaCast has delivered a stellar swing in net distribution income. While our Business news operations remained stable, our General news operations, led by CNN IBN, have turned around this year, due to a strong focus on operational synergies, further aided by the elections. Infotainment operations at A+E Networks I TV18 broke into positive territory. Our broadcast entertainment business at Viacom18, led by Colors, profitably grew operations along with the successful launch of Rishtey and MTV Indies. We are focused on delivering a strong performance in the coming year, as we look forward to an improving media landscape.”

     

    Viacom18 

     

    Viacom 18 Media is a 50/50 joint venture operation in India between Viacom Inc and the Network18 Group, (with interests in television, internet, filmed entertainment, mobile content & allied businesses, comprising brands like CNBC TV18, CNBC Awaaz, Newswire18, moneycontrol.com, CNN-IBN, IBN 7, Homeshop18 and E18 amongst others).

     

    Viacom 18 Media Pvt. Ltd. operates six  general entertainment channels – MTV, Nickelodeon,  Vh1, Colors, Sonic, Comedy Central and film business through Viacom18 Motion Pictures, that produces, acquires and distributes Hindi films, This apart, Viacom18 also runs Viacom’s consumer products division in India.

  • ETV 3 launched for Telangana

    ETV 3 launched for Telangana

    MUMBAI: At the back of the government deciding to split the state of Andhra Pradesh into two states- Telangana and Andhra Pradesh, one of the country’s oldest broadcasters run by Ramoji Rao, the Eenadu group has decided to venture in the newly formed state with a dedicated news channel christened ETV3.

     

    The channel that went on air on Wednesday at 9:00 am will cater to the people of Telangana by focusing on issues relating to the development and progress of the state. While the channel will initially be called ETV3, very soon it will be renamed to ETV Telangana. The channel is being headed by Rajendra Prasad, who has been with the Eenadu group for over 15 years.

     

    For now, the channel will be available on all multi system operators (MSOs) platforms in the Telangana region such as Hathway, Digicable etc. The decision to distribute it in Andhra Pradesh has not been taken as yet. Riding on the back of the Lok Sabha elections, the decision to launch the channel was taken by the Ramoji Rao group.

     

    ETV3 is a pay channel broadcasting from Insat 4A, the licence for which was acquired in 2012.

     

    Some of the shows on the channel are Assembly Election Special that speaks about the upcoming elections for the legislatures of Andhra Pradesh and Telangana, Jai Kisan on agriculture, Idi Sangathi a magazine programme that deals with contemporary issues, Sakhi– a show for housewives, ETV 360 degrees – a news bulletin, Pratidhvani and National Election Specials.

     

    The Telugu channels of Ramoji Rao are under his ownership and not with TV18.  According to sources, post 2015 the name ETV News will be rechristened to News 18 for the channels acquired by TV 18 while the name ETV will be retained by the Eenadu group. TV18 had in its offer document requested for permission to use the Eenadu brand name till February 2015.

     

    Currently ETV Telugu and ETV2 are the other two channels with Ramoji Rao.

  • ‘Innovating for a Better Tomorrow’ with Aurolabs & Jaipur Foot

    ‘Innovating for a Better Tomorrow’ with Aurolabs & Jaipur Foot

    MUMBAI: CNN-IBN, in partnership with Infosys, is all set to bring to the fore exemplary innovations that have not only transformed the lives of millions of Indians but have also left indelible impressions globally. The exclusive nine-episode series ‘Innovating for a Better Tomorrow’ will showcase innovations with significant business and social impact.

    The fourth episode of the series will feature Aurolabs, one of the largest ophthalmic products manufacturers which created the world’s cheapest intraocular lenses; and Jaipur Foot, the largest limb fitting society in the world which provides world-class artificial limbs, rehabilitation aids and other appliances to the physically challenged free of cost.

    Don’t miss the special episode on Saturday, March 8, at 7:30 PM, with a repeat telecast on Sunday, March 9, at 12:30 PM & 7:30 PM, on CNN-IBN; and on Sunday, March 9, at 4:30 PM, on CNBC-TV18.

     

  • TV18 Broadcast consolidated Q3 net profit up 142%

    TV18 Broadcast consolidated Q3 net profit up 142%

    MUMBAI: TV18 Broadcast Ltd’s consolidated net profit in the quarter ended December 31, 2013 rose 142 per cent from a year earlier on a fall in programming cost and marketing, distribution and promotional expenses and as its consolidated revenue increased.

     

    TV18’s reported revenues on a consolidated basis stood at Rs 525.5 crore in the third quarter of 2013-14, up 3 per cent from a year ago.

      

    TV18’s consolidated programming cost in the third quarter fell to Rs 142.58 crore from Rs 155.52 crore a year ago. Its marketing, distribution and promotional expenditure in the third quarter was down to Rs 140.78 crore from Rs 166.01 crore a year ago.

     

    The company reported its highest ever quarterly Operating Profit (EBITDA) at Rs 77.5 crore, up 61 per cent year-on-year with both the entertainment and news businesses turning in strong quarters.

     

    On a consolidated basis, the company’s advertising revenues grew 3 per cent year-on-year. While the news and infotainment advertising environment continued to be sluggish, entertainment led by Colors and MTV delivered strong double digit advertising growth.

     

    Its net distribution Income continued its steady growth at Rs 43.6 crore, a rise of 145 per cent year on year.

     

    TV18’s broadcast operations turned in a very strong quarter with an operating profit of Rs 91.1 crores, up 110 per cent on a year over year basis.

     

    TV18’s proforma results assuming financial consolidation of 100 per cent of ETV News  and 50 per cent of ETV Entertainment, showed its revenues were up 5 per cent at Rs 595.9 crore in the third quarter and pperating profit (EBITDA) was up 79 per cent year on year at Rs. 94.5 crores  led by a strong performance in ETV News.

     

    TV18 said on a proforma basis, this was a landmark quarter for TV18 with broadcast operations turning in an EBITDA of Rs 108.1 crore. ETV Entertainment reported a sharp reduction in losses compared to the previous two quarters as programming and marketing investments made in the first half led to an upswing in ratings and revenues.

     

    On 22 Jan 2014, after receiving the required regulatory approvals, TV18 completed the acquisition of the ETV channels  –  100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu.

     

    Raghav Bahl, Managing Director of Network18, the promoter of TV18, said, “…..the strong performance of TV18 (was) despite the continued uncertainty in the macro-economic landscape…. The environmental risks may continue in the medium term.”

     

    Bahl said the company’s pre-tax profits almost tripled due to the robust operating performance of the broadcast operations and a significantly deleveraged balance sheet.

     

    Network18’s Group CEO B. Saikumar, said, “Entertainment operations at Viacom18, led by Colors delivered a healthy performance even as Motion Pictures saw losses in this quarter. Infotainment operations at A+E Networks I TV18 broke into positive territory and IndiaCast continued on its robust growth trajectory.

     

    Click here for full report

  • TV 18’s national news ops break even in Q3

    TV 18’s national news ops break even in Q3

    MUMBAI: The national news business of TV18 Broadcast has attained break-even status while losses continue to kick in from regional news operations.

    TV18‘s general news operations on a combined level, however, posted an operating loss of Rs 16 million for the fiscal third quarter, reversing from a profit of Rs 71 million in the earlier year. The loss in the second quarter of this fiscal was lower at Rs 7 million.

    Operating profit from the business news segment has narrowed to Rs 108 million for the three months ended December 2011, from Rs 225 million a year ago.

    TV18‘s operating loss from combined news operations was Rs 162 million, reversing from a profit of Rs 296 million in the earlier-year quarter. Revenue grew to Rs 1.67 billion compared to Rs 1.53 billion a year ago.

    In the general news segment, revenue rose to Rs 773 million, from Rs 744 million in the third quarter of the previous fiscal. For business news, revenue stood at Rs 876 million, up 11 per cent.

    Revenue from infotainment channel History 18, which was launched in the third quarter of this fiscal, stood flat at Rs 22 million. The channel posted a loss of Rs 253 million.

    Digital business continued to be in the red with the loss widening almost 51 per cent to Rs 322 million. Revenue rose 10 per cent to Rs 584 million.

    Web18 recorded revenues of Rs 263 million, a growth of 21 per cent over the corresponding quarter last year on a proforma basis. Newswire18 delivered revenues of Rs 108 million for the quarter, and HomeShop18 Rs 213 million, a growth of 28 per cent over the corresponding quarter last year.

    On a consolidated basis, TV18 Broadcast posted a net loss of Rs 535 million for the fiscal third quarter , mainly due to new channel launches.

    The company‘s consolidated net profit in the same quarter of the earlier year stood at Rs 198 million.

    Revenue increased to Rs 3.43 billion, up from Rs 2.36 billion a year ago.

    TV18‘s consolidated numbers include 100 per cent standalone and AETN18, 50 per cent share of Viacom18 and 50 per cent share of IBN Lokmat.

    The company‘s shares closed at Rs 31.30, down 2.03 per cent on the BSE.