ITV

Tag: TV today

  • M&E stocks take a beating as Sensex crashes 1600+ points; NDTV worst hit

    M&E stocks take a beating as Sensex crashes 1600+ points; NDTV worst hit

    MUMBAI: Triggered by global concerns over China’s falling economy and its impact on global markets, the benchmark BSE Sensex witnessed bloodbath on Monday, 24 August as it closed the day at 25,741.56, down 1,624.51 points (5.94 per cent). This is one of the biggest fall since 2009.

     

    Moreover, the Nifty was also down 490.95 points (5.92 per cent) to close at 7809.

     

    According to media reports, on the back of the market meltdown, investors lost more than Rs 7 lakh crore. The downfall not only left the major oil, goods and bank companies in the red but the Indian Media and Entertainment (M&E) companies were also badly hit. 

     

    In the media sector, news company NDTV India was the worst hit as it fell 16.27 per cent to close the day at Rs 88.50. This was followed by TV Today, which witnessed a fall of 13.99 per cent to close the day’s trade at Rs 192.15. On the other hand, multi system operator (MSO) Hathway Cable & Datacom at Rs 40.05 was down 13.78 per cent.

     

    Some of the other major M&E companies like Balaji Telefilms, direct to home (DTH) company Dish TV and Sun TV Network were not spared either. While Balaji Telefilms was down 12.31 per cent to close the day at Rs 72.65, Dish TV was down 11.85 per cent at Rs 96.35. The Maran owned Sun TV dipped 11.63 per cent to close at Rs 298.50.

     

    Eros International Media closed at Rs 441.95 after registering a 11.60 per cent decline. Even music companies were not left untouched from the stock market waves. Shemaroo Entertainment, Saregama and Tips recorded a fall of 10.74 per cent, 9.98 per cent and 9.53 per cent respectively.

     

    Other media companies including DQ Entertainment, Network18, B.A.G Films and Entertainment Network India Ltd (ENIL) were down by 9.38 per cent, 8.78 per cent, 8.59 per cent and 7.33 per cent respectively.

     

    The Dhoot family owned DTH company Videocon d2h was the sole company unaffected by the fall of the Sensex. The company’s stock was up by 0.33 per cent and closed at Rs 137. 75.

     

    Some of the companies, which were not as impacted as much were Zee Entertainment Enterprises Limited (ZEEL), which was down 6.11 per cent to end the day at Rs 359.65, Jagran Prakashan (down 5.20 per cent) and MSO Siti Cable (down 5 per cent). 

     

    HT Media bore a loss of 2.84 per cent, whereas the Orissa based MSO Ortel Communications was down 2.27 per cent to close the day’s trade at Rs 202.30. 

     

    Ascribing the market crash to global turbulence, finance minister Arun Jaitley said that the government along with the Reserve Bank of India (RBI) was watching the situation and hoped that things will stabilise once the transient impact is over.

  • Q1-2016: TV Today revenue down 4.6% to Rs 127.11 crore, PAT down 45%

    Q1-2016: TV Today revenue down 4.6% to Rs 127.11 crore, PAT down 45%

    BENGALURU: TV Today Network Limited (TVTN) reported 4.6 per cent decline in standalone Total Income from Operations (TIO) in the quarter ended 30 June, 2015 (Q1-2016) to Rs 127.11 crore as compared to the TIO of Rs 133.22 crore Q1-2015. TIO, in the current quarter however increased 11 per cent as compared to the Rs 114.54 crore in the immediate trailing quarter Q4-2015.

     

    Profit after tax (PAT) for Q1-2016 declined 45.2 per cent to Rs 17.96 crore (14.1 per cent margin) as compared to the Rs 32.79 crore (24.6 per cent margin) in the corresponding year ago quarter, but more than doubled 2.07 times) the Rs 8.69 crore (7.6 per cent margin) in Q4-2015.

     

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

     

    All numbers in this report are standalone unless stated otherwise.

     

    Segment revenue

     

    TVTN’s Television Broadcasting segment (TV segment) reported a four per cent decline in operating revenue in Q1-2016 to Rs 124.65 crore as compared to the Rs 129.85 crore in Q1-2015. However, revenue from the segment in the current quarter increased 12.7 per cent as compared to the Rs 110.63 crore in Q4-2015.

     

    TV segment reported a steep 45.6 per cent decline in operating result (profit) to Rs 29.98 crore as compared to the Rs 51.43 crore in Q1-2015, but reported almost double (1.88 times) the operating profit of Rs 14.90 crore in Q4-2015.

     

    The company’s radio segment also reported improved q-o-q operating results, but y-o-y operating results declined. Revenue from TV Today’s radio segment declined 26.7 per cent to Rs 2.47 crore in Q1-2016 as compared to the Rs 3.37 crore in the corresponding year ago quarter and declined by an even larger 36.8 per cent as compared to the Rs 3.90 crore in Q4-2015. Though operating loss in the current quarter was higher at Rs 2.62 crore as compared to the Rs 2.56 crore in Q1-2015, it was lower than the Rs 2.98 crore in Q4-2015.

     

    Rebranding of Headlines Today to India Today

     

    TVTN rebranded its English news channel from ‘Headlines Today’ to ‘India Today’ from 23 May, 2015 in order to benefit from the brand name of India Today, which is expected to enhance the impact and reach of the channel. The company has incurred a marketing expense of Rs 14.38 crore towards re-branding. Consequently, the company’s advertisement, distribution and sales promotion expense (ad expense) in Q1-2016 at Rs 38.24 crore (30.1 per cent of TIO) was 83.8 per cent more than the Rs 20.81 crore in Q1-2015 and 17 per cent more than the Rs 32.68 crore (28.5 per cent of TIO) in Q4-2015.

     

    Let us look at the other numbers reported by TV Today

     

    Total Expenditure in Q1-2016 at Rs 105.29 crore (82.8 per cent of TIO) was 23.1 per cent more than the Rs 85.52 crore in Q1-2015 (64.2 per cent of TIO), but was 6.6 per cent lower than the Rs 112.70 crore (98.4 per cent of TIO) in the previous quarter.

     

    Production cost in Q1-2016 declined 5.8 per cent to Rs 12.11 crore (9.5 per cent of TIO) as compared to the Rs 12.86 crore (9.7 per cent of TIO) in Q1-2015 and was 32.5 per cent lower than the Rs 17.94 crore (15.7 per cent of TIO) in Q4-2015.

     

    Employee Benefit Expense in the current quarter at Rs 32.81 crore (25.8 per cent of TIO) was 18.9 per cent more than the Rs 27.60 crore (20.7 per cent of TIO) in Q1-2015 and 12.2 per cent more than the Rs 29.25 crore (25.5 per cent of TIO) in Q4-2015.

     

    Other expenses in Q1-2016 at Rs 14.13 crore (11.1 per cent of TIO) declined 15.1 per cent as compared to the Rs 16.64 crore (12.5 per cent of TIO) in Q1-2015 and declined 44.6 per cent as compared to the Rs 25.53 crore (22.3 per cent of TIO) in Q4-2015.

     

    EBIDTA in Q1-2016 at Rs 29.82 crore (23.5 per cent margin) declined 46.1 per cent as compared to the Rs 55.31 crore (41.5 per cent margin) in Q1-2015, but was more than three times (3.27 times) the Rs 9.13 crore (eight per cent margin) in Q4-2015.

  • TV Today files Rs 100 crore defamation suit against Radio City

    TV Today files Rs 100 crore defamation suit against Radio City

    MUMBAI: TV Today Network has filed a defamation suit to the tune of Rs 100 crore against FM station Radio City in the Mumbai High Court.

    The suit has been filed for airing defamatory remarks against TV Today Network and its consulting editor Rajdeep Sardesai. The court has granted TV Today an interim relief. Radio City has now given an undertaking to not rebroadcast the defamatory content.
     

    According to the broadcaster, the case was filed after Radio City made defamatory comments on one of its shows aired on 17 June. The comment made was in connection with an interview of ex-IPL chief Lalit Modi conducted by Sardesai.

    In an official statement TV Today Network said, “The radio station has made comments, which tarnished and defamed the plaintiff. The case was listed and heard in the court of Hon’ble Justice Gautam Patel. Besides granting injunction against re-broadcast, Radio City has also given an undertaking that it will not disseminate the offensive content, which is subject matter of the suit on any other media including all forms of printed, digital, and audio or audit visual dissemination including without limitation any such dissemination by SMS, Whatsapp or any other communication mode using a smart phone, cellular device, handheld devise or computer in addition to print and tangible media.”

  • FY-2015: ENIL PAT up 27% at Rs 105.97 crore

    FY-2015: ENIL PAT up 27% at Rs 105.97 crore

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 27 per cent increase in profit after tax (PAT) at Rs 105.97 crore (24.2 per cent of Total Income from Operations or TIO) in FY-2015 (year ended 31 March, 2015, current year) as compared to the Rs 83.45 crore (21.7 per cent of TIO) in the previous year. The company has entered the Rs 100 crore PAT club this year.

     

    PAT in Q4-2014 increased by 20.1 per cent to Rs 25.52 crore (20.5 per cent of TIO) as compared to the Rs 21.24 crore (18.6 per cent of TIO) in the corresponding year ago quarter, but was 22.3 per cent lower than the Rs 32.86 crore (28.1 per cent of TIO) in the immediate trailing quarter.

     

    Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) The numbers in this report are standalone unless stated other wise.

     

    ENIL’s TIO in FY-2015 increased 14 per cent to Rs 438.48 crore as compared to the Rs 384.49 crore in FY-2014. TIO in Q4-2015 increased 8.8 per cent to Rs 124.43 crore as compared to the Rs 114.42 crore in Q4-2014 and was 6.5 per cent more than the Rs 116.79 crore in Q3-2015.

     

    Let us look at some of the other numbers reported by ENIL:

     

    ENIL total expense (TE) in FY-2015 at Rs 326.02 crore (74.4 per cent of TIO) was 11.8 per cent lower than the Rs 291.64 crore (75.9 per cent of TIO) in FY-2014. TE in Q4-2015 at Rs 98.06 crore (78.8 per cent of TIO) was 7.9 per cent more than the Rs 90.87 crore (79.4 per cent of TIO) and was 21.8 per cent more than the Rs 80.53 crore (69 per cent of TIO) in the trailing quarter.

     

    ENIL paid 7.7 per cent higher license fee in FY-2015 at Rs 21.79 crore (five per cent of TIO) as compared to the Rs 20.24 crore (5.3 per cent of TIO) in the previous year. License Fee in Q4-2015 increased 5.1 per cent to Rs 4.23 crore (3.4 per cent of TIO) as compared to the Rs 4.03 crore (3.5 per cent of TIO) in the corresponding year ago quarter and was seven per cent more than the Rs 3.96 crore (3.4 per cent of TIO) in Q3-2015.

     

    The company’s marketing expense in FY-2015 at Rs 75.76 crore (17.3 per cent of TIO) was 24.6 per cent more than the Rs 60.82 crore (15.8 per cent of TIO) in FY-2015. Q4-2015 marketing expense at Rs 31.57 crore (25.4 per cent of TIO) was 4.1 per cent lower than the Rs 32.91 crore (28.8 per cent of TIO), but was 54.2 per cent higher than the Rs 20.47 crore (17.5 per cent of TIO) in Q3-2015.

     

    Employee Benefit Expense (EBE) in FY-2015 at Rs 82.76 crore (18.9 per cent of TIO) was 10 per cent more than the Rs 75.22 crore (19.6 per cent of TIO) in the previous year. EBE in Q4-2015 at Rs 20.98 crore (16.9 per cent of TIO) was 9.4 per cent more than the Rs 19.17 crore (16.8 per cent of TIO) in Q4-2014, but 1.1 per cent lower than the Rs 21.21 crore (18.2 per cent of TIO) in the immediate trailing quarter.

     

    ENIL managing director and CEO Prashant Panday said, “It’s a very happy feeling for all Mirchi folks that the company they created has entered the Rs 100 crore PAT club! Our sustained focus on cost management as well as better sales in our radio, TV properties, and activations businesses has helped reach this milestone. We see the future even brighter with Phase-3 auctions coming up next month. This opportunity to expand is coming after nearly 10 years and we plan to make the most of it. Overall, Mirchi remains the strongest brand in radio with a 33-35 per cent share of the revenue market in its cities and a listenership lead across most of its 32 cities.”

  • TV Today, ENIL to challenge MIB’s decision on Oye FM sale

    TV Today, ENIL to challenge MIB’s decision on Oye FM sale

    MUMBAI: TV Today Network (TVTN) and Entertainment Network (India) Limited (ENIL) have decided to appeal against the recent decision of the Information & Broadcasting (I&B) Ministry barring TVTN to sell its radio FM business to ENIL.  

     

    On 8 May, 2015, the Information and Broadcasting Ministry refused to green light TVTN’s proposal of selling its radio FM business – Oye FM – to ENIL on the grounds that the proposal sale did not conform with the FM Radio Guidelines.

     

    In its notice to the Bombay Stock Exchange (BSE), ENIL said, “With reference to the earlier announcement dated 13 February, 2015 regarding the non-binding memorandum of understanding with TV Today Network Limited (TVTN) for the proposed purchase of seven radio stations from TVTN. The proposed purchase was subject to relevant regulatory approval(s), Entertainment Network (India) Ltd has now informed BSE that the Ministry of Information and Broadcasting (MIB), Government of India, vide their letter dated 1 May, 2015, which was received by the Company on 8 May, 2015, has declined its approval on the grounds that the proposed sale by TVTN and proposed purchase by the Company is not in conformity with the FM Radio Guidelines. However, both the Company and TVTN have decided to appeal against the MIB decision.”

     

    It now remains to be seen whether Oye FM, which operates in seven cities across India, continues to stay under TVTN’s umbrella or moves to ENIL.

  • MIB denies sale of TV Today’s radio biz to ENIL

    MIB denies sale of TV Today’s radio biz to ENIL

    MUMBAI: The wait for TV Today Network, which has been looking at selling its radio FM business to Entertainment Network (India) Limited (ENIL) is finally over, but not with the result that the network was expecting.

     

    In a recent development, the Ministry of Information and Broadcasting (MIB) has declined its approval to TV Today Network to sell its radio FM business – Oye FM – to ENIL. The approval has been denied on the grounds that the proposed sale did not conform with the FM Radio Guidelines.

     

    TV Today today said that the “application made to Ministry of Information and Broadcasting (MIB), Government of India seeking its approval regarding the sale of Radio FM Business [Seven Radio Stations] to Entertainment Network (India) Limited, MIB by their order dated 1 May, 2015, received on 8 May, 2015, has declined its approval on the grounds that the proposal sale is not in conformity with the FM Radio Guidelines.”

     

    However, the company has reserved its right to seek appropriate legal remedy, as and when required.

     

    Further, a committee meeting of senior officials was held on 8 May to take note of the said order. “Keeping in view the said order, the committee has considered and approved the amendment letter to the Non binding Memorandum of Understanding to be signed between the Company and Entertainment Network (India) Limited,” a statement from the company read.

     

    It can be recalled that earlier in April, TV Today had approached the High Court with regards to the delay in MIB’s approval to sell the company’s FM radio business to ENIL.

     

    The network had then said, “In relation to the proposed sale of seven radio stations to Entertainment Network (India) Limited, since time is of essence and with approval of the MIB getting delayed, hence in order to expedite the matter, an urgent writ petition in the High Court is listed for hearing, to seek necessary relief.”

  • TV Today Network’s Shams Khan wins Red Ink Award

    TV Today Network’s Shams Khan wins Red Ink Award

    MUMBAI: At the recently held Mumbai Press Club Red Ink Awards, Dilli Aaj Tak executive editor Shams Khan won the prestigious award for ‘Excellence in Indian Journalism – 2015’ under the ‘Human Rights – Television’ category.

     

    Khan has won the accolade for the series ‘Koi Lauta De Mere’. The five episode mini-series highlights the plight of victims who faced government and police injustice for being of a different faith.

     

    Khan led the Aaj Tak team that did an in-depth research on a few selected people who were victims of a prejudiced system. The exclusive series by Aaj Tak created a ripple effect with some of the protagonists being immediately released from prison after the show was telecast on the channel.

  • ENIL to acquire TV Today’s Oye FM

    ENIL to acquire TV Today’s Oye FM

    MUMBAI: Last week, TV Today’s board approved the sale of its Radio segment-Oye FM. On 13 February, TV Today Network Ltd informed BSE that the Company had entered into a non-binding memorandum of understanding with ENIL (Entertainment Network India Limited).

     

    Commenting on the M&A, ENIL managing director and CEO Prashant Panday told Radioandmusic.com, “It fits into ENIL’s expansion plans under Phase III.”

     

    He also confirmed that ENIL will participate in the Phase III auctions. Panday said, “The acquisition is only a piece of the overall expansion strategy. We will continue to participate in Phase III auctions. The maximum limit imposed under Phase III is 56 frequencies.”

     

    After the committee meeting, TV Today Network Ltd had informed BSE that the Committee of senior officials at a meeting held on February 13, 2015, noted that the Company had entered into a non-binding memorandum of understanding with Entertainment Network (India) Limited, in relation to the proposed sale of seven radio stations to Entertainment Network (India) Limited subject to fulfilment of the contractual obligations (which may be agreed between the parties) and receipt of all necessary regulatory approvals including permissions from the Ministry of Information and Broadcasting, Government of India.

     

    Click here to read full report 

  • TV Today gains 4 per cent as RK Damani ups stake to 6.4 per cent

    TV Today gains 4 per cent as RK Damani ups stake to 6.4 per cent

    BENGALURU: He is a quiet and a patient ‘Man with the Midas touch,’ who is touted as Indian stock market whiz Rakesh Jhunjunwalla’s guru. Today, Radhakishan Damani, or RK Damani, increased his stake in TV Today Network Limited with an investment of Rs 25.48 crore for 13 lakh shares of face value of Rs 5 each,  to 6.4 per cent from 4.22 per cent. Damani’s average purchase price at that rate works out to Rs 196 per share.

     
    The company’s share closed 4.01 per cent higher at Rs 217.70 from an opening of Rs 210 today on the BSE. The High/Low values of the script for the day were Rs 220.45/208.30. The share had closed at Rs 209.30 yesterday.TV Today’s script saw a turnover of Rs 6.02 crore at a weighted average price of Rs 215.42 per share on the BSE. Its 52 week High/Low on the BSE was Rs259/Rs 96.05.

     
    On the NSE, at close today, the script had gained 3.64 per cent (Rs 7.65) on yesterday’s closing price of Rs 209.95 to close at Rs 217.60 per share. The script opened on the NSE at Rs 210, reached a high of Rs 220.40 and a low of Rs 208.05 during the course of the day. About 9.48 lakh shares valued at Rs 20.4718 crore were traided on the NSE today. The 52 week high of the share was Rs 259.35 on 7 November 2014 and the 52 week low was Rs 95.75 on 30 January 2014 on the NSE.

     
    Earlier, on 27 August 2014 Derive Investments, a fund run by RK Damani and Gopikishan Damani had bought 11.7 lakh shares representing 1.96 per cent stake in TV Today Network for Rs 21 crore. The price of TV Today then rose 6 per cent to Rs 217 on the NSE. Before that, since September 2013, RK Damani had held a 1.5 per cent stake in the TV broadcaster.

     

    TV Today reported a 58.1 per cent y-o-y increase in production costs coupled with a 40.4 per cent increment in employee benefit expense (EBE) and a 36.6 per cent rise in other expense numbers which pared its PAT to register a 2.9 per cent increment in Q2-2015. The company reported a y-o-y growth of 21.8 per cent in its Total Income from Operations (TIO) in Q2-2015 at Rs 111.69 crore versus the Rs 91.71 crore in Q2-2014, but TIO registered a 18.5 per cent decline when compared to the Rs 137.01 crore for Q1-2015. Higher TIO in Q1-2015 can be attributed to the national elections that saw revenues of most news channels rise during the first quarter of FY-2015.

     

    As mentioned above, the company’s PAT at Rs 13.21 crore (11.8 per cent of TIO) was 2.9 per cent more than the Rs 12.83 crore (25 per cent of TIO), but was almost a third (40.3 percent of) the Rs 32.79 (23.9 per cent of TIO) crore in Q1-2015.

     

    Click here to read the notification

  • The 7th Indian News Television Summit a roaring success

    The 7th Indian News Television Summit a roaring success

    NOIDA: The 7th Indian News Television Summit that was held at The Radisson in Noida, was a huge success with some of the big names in the industry attending the conference.

     

    The day began with a keynote by India TV chairman and editor in chief and the News Broadcasters Association president Rajat Sharma wherein he spoke about the changing face of news and how content as well as ad sales is under pressure and for things to improve, the industry has to get together and find solutions.

     

    He lamented on the horror of having to pay huge carriage fees along with the burden of the ad cap which the NBA is vociferously fighting. According to him, the TV news industry has changed in the last three years with more responsibility having crept into the veins of channels.

     

    This was followed by a one on one with ITV Network MD Kartikeya Sharma wherein he discussed about why he got into the news business, the aim of his news network and its future roadmap to being the biggest news company in the country.

     

    The first session saw NDTV Group CEO Vikram Chandra, TV Today CEO Ashish Bagga, IBN18 CEO Avinash Kaul, Focus News Network group CEO Neeraj Sanan and Doordarshan ADG news Mayank Agrawal speak on the various modes of revenue generation through traditional and digital mediums. Executives highlighted that it was too soon to depend heavily on the digital medium for revenue which will work as a compliment to television but not replace it.

     

    This was followed by a keynote from GroupM south Asia CEO CVL Srinivas who highlighted what brands were looking for in news networks and how the genre is growing year on year. According to Srinivas, news broadcasters need to keep in mind a few things for the future-co creating socially responsible agendas with brands, invest more in digital, new metrics such as consumer sentiment, social buzz, social impact, viewers’ profile and getting into big data.

     

    Following this was a discussion on finding innovative ways for revenue generation that saw Zee Sangam national sales head Harsha Vardhan Dwivedi, India TV senior VP and country head ad sales Sudipto Chowdhuri, CNN-IBN and IBN7 national revenue head Vishal Bhatnagar, IPG Mediabrands CEO initiatives Anamika Mehta and Times Television Network senior VP and business head for branded content Hemant Arora.

     

    An informative presentation by Amagi co-founder KA Srinivasan enlightened the audience about utilising geo-targetting to increase revenue for various channels of a network and also more focused reach for a brand.

     

    The day concluded with an editorial session that discussed how much editors are willing to allow ad sales to interfere with content for higher revenue. ITV Network editor in chief Deepak Chaurasia, senior columnist QW Naqvi and Mi Marathi consultant Nikhil Wagle discussed on how much an editor can mix with the ad sales team and how much of interference by them is acceptable.

     

    With the belief that the discussions between the various stakeholders of the industry will propel better returns for the community as a whole, we look forward to the Indian News Television Summit 2015.