Tag: ZMCL

  • ZMCL appoints Purushottam Vaishnava as editor-in-chief, business head of cluster-1 channels

    ZMCL appoints Purushottam Vaishnava as editor-in-chief, business head of cluster-1 channels

    MUMBAI: Purushottam Vaishnava has been appointed as editor-in-chief and business head for cluster-1 of channels of Zee Media Corporation.

    Vaishnava was elevated as deputy CEO regional news in January 2017. He will look at Zee Kalinga, Zee Bihar-Jharkhand, Zee Rajasthan, and DNA Jaipur, other editors of cluster-1 channels, including Brajesh Kumar Singh for Zee Hindustan, Anirban Choudhury for Zee 24 Ghanta and Sudhir Sharma for Zee Salaam.

    Vaishnava will report to Rajiv Singh, COO and executive director, Zee Media Corporation.

    Also read:

    Zee Media reports improved numbers for fiscal 2018

    Zee Media appoints Ashok Venkatramani as MD

  • Zee Media reports improved numbers for fiscal 2018

    Zee Media reports improved numbers for fiscal 2018

    BENGALURU: The Essel group’s news arm, Zee Media Corporation Limited (ZMCL), reported higher revenue, and profit after tax for the year ended 31 March 2018 (FY 2018, year under review) as compared to the previous year FY 2017. ZMCL’s revenue from operations increased 25.9 percent in FY 2018 to Rs 587.40 crore from Rs 466.46 crore in FY 2017. ZMCL reported profit of Rs 27.84 crore in FY 2018 as compared to a loss of Rs 16.06 crore in FY 2017. ZMCL’s EBIDTA increased 14.2 percent to Rs 166.36 crore (28.8 percent margin on operating revenue) from Rs 145.71 crore (32.4 percent margin).

    ZMCL’s advertising revenue for FY 2018 increased 29.2 percent to Rs 510.6 crore from Rs 395.25 crore in FY 2017. Subscription revenue reduced 0.9 percent in the year under review to Rs 47.49 crore from Rs 47.94 crore in the previous year. Other sales and services revenue more than tripled (grew 200.5 percent) in the year under review to Rs 19.92 crore from Rs 6.63 crore reported in FY 2017. It may be noted that revenue from ZMCL’s e-commerce business (ezmall.com) grew to Rs 4.53 crore in FY 2018.

  • Zee Media appoints Ashok Venkatramani as MD

    Zee Media appoints Ashok Venkatramani as MD

    MUMBAI: ABP News Network former CEO Ashok Venkatramani has been appointed as the new MD of Zee Media Corporation Ltd (ZMCL) for three years. The appointment will come into effect from 1 July 2018.

    “Based on recommendation of Nomination & Remuneration Committee and subject to requisite regulatory approvals, including approval of shareholders, appointment of Mr. Ashok Venkatramani as Managing Director of the company [is approved] for a period of three years with effect from July 1, 2018,” ZMCL informed the Bombay Stock Exchange.

    Venkatramani brings with him an experience of over 25 years in FMCG and broadcasting sectors. Prior to joining ZMCL, he also worked with ABP group for over eight years having joined ABP News in 2008. 

    Venkatramani started his career with Unilever. He was the VP and business head – skincare for Unilever in India till 2008, before moving as the CEO of ABP News Network, which he headed until 2016. He was instrumental in turning around ABP’s TV news business and successfully managed the transition from Star brand to ABP.

    Venkatramani, 55, is a B. Tech from Bombay University and has done his management education from Indian Institute of Management Ahmedabad and Harvard Business School.

  • Zee Media reports higher ad revenue growth in Q3 2018

    Zee Media reports higher ad revenue growth in Q3 2018

    BENGALURU: The Essel group’s news arm, Zee Media Corporation Ltd (ZMCL), reported higher revenue and profit after tax for the quarter ended 31 December 2017 (Q3 2018, the quarter under review) as compared with the corresponding year ago quarter. ZMCL’s revenue from operations increased by 44.8 per cent year-on-year (yoy) in Q3 2018 to Rs 159.22 crore from Rs 109.96 crore in Q3 2017.

    ZMCL’s advertising revenue for Q3 2018 increased by 46.5 per cent yoy to Rs 143.95 crore from Rs 98.24 crore. Subscription revenue increased by 26.6 per cent yoy during the quarter under review to Rs 11.74 crore from Rs 9.27 crore. Other sales and services revenue grew by 44.4 per cent during the quarter under review to Rs 3.53 crore from Rs 2.44 crore. It may be noted that revenue from ZMCL’s e-commerce business (ezmall.com) grew to Rs 0.92 crore from Rs 0.09 crore in the immediate trailing quarter.

    ZMCL reported profit of Rs 12.19 crore in Q3 2018 as against loss of Rs 5.74 crore in Q3 2017. ZMCL’s EBIDTA increased by 76.5 per cent yoy to Rs 37.39 crore (23.5 per cent margin on operating revenue) from Rs 21.20 crore (19.3 per cent margin).

    ZMCL’s total expenditure in Q3 2018 increased 37.5 per cent yoy to Rs 137.09 crore from Rs 99.72 crore. Employee benefits expense in the quarter under review increased 58.1 per cent yoy to Rs 36.50 crore from Rs 23.09 crore in Q3 2017. The company’s distribution expenses in Q3 2018 more than doubled (increased 102.3 per cent) yoy to Rs 16.81 crore from Rs 8.31 crore.

    Advertising and publicity expenses in the quarter declined by 85 per cent yoy to Rs 1.90 crore from Rs 12.69 crore. Operating costs in Q3 2018 increased by 34.9 per cent yoy to Rs 28.15 crore from Rs 20.86 crore. Other expenses in Q3 2018 rose by 61.5 per cent yoy to Rs 38.46 crore from Rs 23.82 crore.

    Also Read:

    Zee Media reports higher ad revenue for second quarter

    Zeel ad revenue & profit up in Q2 despite GST impact

    Zeel numbers up on higher ad revenue in third quarter

  • News is not about cacophony and stirring controversies: ZMCL’s Rajiv Singh

    News is not about cacophony and stirring controversies: ZMCL’s Rajiv Singh

    The Zee Group has completed a quarter of a century of its existence in India. Not only has it spread its wing far beyond television, since its first product launched was the channel Zee TV, but has tapped into almost all categories in the broadcast space. With a solid presence in entertainment and news already, the last puzzle was fixed when it dived into the tough waters of English news space.

    World is One News (WION) was first aired on 15 August 2016. Independence Day was the perfect occasion to launch India’s first global English news channel with a south Asian tinge. Ex-editor in chief Rohit Gandhi announced during the launch that the channel would meet the aspirations of two billion south Asians by delivering a global news network reflecting a south Asian world perspective, which has been missing.

    The channel was to be a destination for not just news but also some lifestyle, human stories, animals, food and environment related information. Its target is to capture the upcoming tech-savvy and visual Gen Z, the earliest of whom are just venturing into the corporate world.

    Indiantelevision.com’s Santosh Jangid got talking with Zee Media Corp’s group COO Rajiv Singh where he opens up about the ‘year old baby’ WION for the first time. Excerpts:

    How has the journey been for ZMCL?

    From then to now, we’ve established 13 channels with 220 million viewers. We are largest television news network in Hindi speaking markets. Television is core to our business and the last 25 years have helped us to become a large content media conglomerate. The future looks extremely bright, as we have built a strong efficiency over the years.

    Enlighten us about WION and its progress.

    When we entered the English news segment, we clearly knew that there is hardly an international player. India is a global economy and anything and everything that India does impacts the globe. We wanted to give global Indians a global voice and India never had that. WION complements our existing footprint in 171 countries and so we know we can quickly ramp up this business to scale new heights and make India stand out globally. We started that journey by giving the channel a very global look and feel. We have built it up as an aspirational channel and we are not interested in the number one game in India. We want to create a channel that is a content differentiator. WION is just a year old but it has managed to carve a niche for itself.

    What is your distribution strategy for the channel?

    WION has established a distribution centre in South Africa and shortly we will be transcending into new global corridors. Zee Media is already available in nine languages on GEC. How much time does it take to enter those markets by just tweaking the content and making WION relevant to every Indian!

    What makes WION a disruptor among the existing channels?

    WION stands for World Is One News which implies what affects the world, affects us all. We believe that news dissemination is not about cacophony and stirring controversies around breaking news. It is about building in-depth content, analysis and about investing a lot in curating and building content and for that, one needs to have international investments and international bureaus. WION has expanded to around 20 countries by expanding our international bureaus. It is one of the rare few channels to be operating out of a full bureau in Pakistan and a full-fledged office in London and the US, and a correspondent in Beijing. Soon WION will crossover from an Asian to a global channel.

    What is the local to international skew? What kind of news do you cover?

    WION has international content aired from 6 pm to 12 am. The channel has 60 per cent international content and 40 per cent Indian content that is internationally relevant. We do chase Indian relevant stories and as they say, ‘when in Rome, do as the Romans do.’ W show Indian content with a global tinge and ‘international’ as a word is misinterpreted. BBC in the UK and Al Jazeera in the Middle East are international channels but that doesn’t mean they don’t show what happens in their region and home territory.

    It is a niche market that the channel operates in. What have been some of the major challenges for you?

    It has been a challenging uphill climb but the channel has been accepted by discerning viewers. WION is available across all cable households in India. Although we have received some feedback that wasn’t very encouraging where viewers didn’t like the content or the overall channel, we take them as constructive feedback and insights and we are willing to improve that to make the content relevant to our customers.

    Where does most of your viewership coming from?

    Majority of our viewership largely comes from six metros but a large part of it also comes from foreigners residing in India as they are able to correlate with the channel effectively. The channel has a premium audience.

    How will you ramp up your distribution strategy?

    We are working towards building a global distribution network. We are in talks with The US to start global distribution. We will also make relevant content for markets like The Middle East, United Kingdom, United States and Canada. We will have more global networks next year added to our kitty of distribution.

    What target have you set for next year?

    We want to make the channel independently stand out in English news genre, add more distribution networks, and have more bureaus.

    When can we see the rollout of your OTT platform?

    We will have our platform very soon that will take the feed from the television channel and mirror that on OTT.

  • Zee Media reports higher ad revenue for second quarter

    Zee Media reports higher ad revenue for second quarter

    BENGALURU: The Essel group’s news arm – Zee Media Corporation Limited (ZMCL) reported higher revenue, but lower profit after tax for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter. ZMCL’s revenue from continuing operations increased 23.9 percent y-o-y in the current quarter to Rs 1,268.24 million from Rs 1,005.67 million in Q2-17.

    EBIDTA for the current quarter declined marginally by 2.9 percent y-o-y in Q2-18 to Rs 213 million from Rs 219.4 million. Profit after tax (PAT) from continuing operations for Q2-18 declined by about two and a half times (declined 60.6 percent) y-o-y to Rs 37.92 million from Rs 96.17 million. However, for Q2-17, the company had reported a consolidated loss for Q2-17. When loss from discontinued operations and tax credits were included – ZMCL’s loss in Q2-17 was Rs 169.44 million. It may be noted that print media operations are ZMCL’s discontinued operations.

    ZMCL’s advertising revenue for Q2-18 increased 31.2 percent y-o-y to Rs 1,111 million from Rs 847.1 million. Subscription revenue however declined 16.8 percent y-o-y in the current quarter to Rs 117.3 million from Rs 140.9 million. Other sales and services revenue was almost flat (grew by 0.7 percent) in the current quarter to Rs 17.7 million.

    ZMCL’s total expenditure in Q2-18 increased 31.4 percent y-o-y to Rs 1,032.9 million from Rs 786.3 million on higher marketing, distribution and business promotion expenses (distribution) and employee benefits expenses.

    ZMCL’s employee benefits expense in the current quarter increased 46 percent y-o-y to Rs 331.7 million from Rs 226.7 million in Q2-17. The company’s distribution expenses in Q2-18 increased 84 percent y-o-y to Rs 155.9 million from Rs 84.6 million.

    Advertising and publicity expenses in the current quarter increased 9 percent y-o-y to Rs 55.2 million from Rs 50.4 million. Operating costs in Q2-18 increased 17 percent y-o-y to Rs 216.9 million from Rs 184.9 million. Other expenses in the current quarter increased 14 percent to Rs 273.2 million from Rs 239.6 million.

    EZ-Mall Online Limited

    EZ-Mall Online Limited, a wholly owned subsidiary of ZMCL, commenced its business operations by launching an ecommerce website. During the quarter under review, the company says that it has invested approximately Rs 40 million in EZ-Mall. ZMCL has reported revenue of Rs 0.88 million from this segment and an operating loss of Rs 54.32 million for Q2-18.

  • Shareholders to receive 1 DMCL share for 4 ZMCL equity shares

    Shareholders to receive 1 DMCL share for 4 ZMCL equity shares

    BENGALURU: Zee Media Corporation Limited (ZMCL) has informed the bourses that Friday, 6 October 2017 would be the record date for the purpose of determining its shareholders who would be entitled to issuance of equity shares by Diligent Media Corporation Limited (DMCL) in the ratio of 1 (one) equity share of Re. 1 each of DMCL for every 4 (four) equity shares of Re. 1 each of ZMCL held as on the record date.

    Earlier, the Mumbai bench of the National Company Law Tribunal vide an order passed on 8 June 2017, had approved the scheme of arrangement and amalgamation among ZMCL, DMCL, Mediavest India Private Limited (Mediavest), Pri-Media Services Private Limited (Pri-Media) and Maurya TV Private Limited (Maurya) and their respective shareholders and creditors.

    The scheme inter alia provides for demerger of print media undertaking of ZMCL vesting with DMCL with effect from appointed date of 1 April 2017.

    The company says that the communication was being issued for the general guidance of the shareholders of ZMCL, who have been issued Equity Shares by DMCL, for computing the proportionate of cost of acquisition of ZMCL shares to be split between ZMCL and DMCL as per the provisions of the Income Tax Act, 1961.

  • MIB issued licence to ZMCL; Leader, Turner and Zee ME among five cancelled last month, nine allowed as per court orders

    MIB issued licence to ZMCL; Leader, Turner and Zee ME among five cancelled last month, nine allowed as per court orders

    MUMBAI: In all, the number of private satellite TV channels having valid permission in India as of 30 September, 2017, are 877. Of these, the number of permitted news and current affairs channels is 388, according to data provided by the ministry of information and broadcasting (MIB).

    In fact, the total number of permissions granted to private satellite TV channels so far is 1098, of which 221 permissions have been cancelled so far.

    Last month, MIB issued one and cancelled five licences. The solitary permission granted was to Zee Media Corporation Ltd (ZMCL), to launch Zee Uttar Pradesh Uttarakhand.

    The channels licences of which were revoked are — Leader Television and Entertainment’s Leader TV, L And C Media’s SS Entertainment, Turner International India’s TCM Turner Classic Movies, Vyjayanthi Televentures’ Mayabazar and Zee Cinema Middle East.

    Of the 877 channels, nine have been cancelled by the MIB but are running following orders from the courts of law. These are —

    1. Punjab Today

    2. STV    Jammu-Kashmir News
    (Earlier STV – Marathi News)

    3. STV Haryana News

    4. STV    UP    News (STV-Rajasthan)
    (Earlier STV    Bihar-Jharkhand News)

    5. Mahuaa Media Private News
    Uplinking    03-03-2016*

    6. Mahuaa News
    Mahuaa Media Private Limited
    News
    Uplinking    03-03-2016*

    7. First    India    (earlier, Mahuaa Khobor)
    Mahuaa Media Private Limited
    News
    Uplinking    03-03-2016*

    8. Mahua  Music  (Mahuaa  News  Line)
    (Uttar Pradesh /Uttrakhand)
    [earlier Mahuaa Bangla]    
    Mahua Media Private Limited
    Non-news
    Uplinking    03-03-2016*

    9. Mahuaa Movies
    Mahuaa Media Private Limited
    Non-news     
    Uplinking    03-03-2016*

    The total number of TV channels permitted for uplinking from India, and downlinking into India is 778, of which 368 are new channels, and the remainder is the number of non-news channels.

    The number of TV channels permitted for uplinking from India but not permitted to downlink in India is 16, of which five are news channels. And, the number of TV channels permitted to only downlink into India (uplinked from aboard) is 83, of which 15 are news channels.

    click here to view list

  • ZMCL reports improved revenue, operating profit for first quarter

    BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported 9.7 percent growth in operating revenue on the back of a 16.7 percent hike in advertising revenue for the quarter ended 30 June 2017 (Q1-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). The company’s subscription revenue however declined 29 percent y-o-y. ZMCL’s operating revenue in the current quarter was Rs 1,144.53 million and Rs 1,043.23 million in Q1-17. Total Income in Q1-18 was also 9.7 percent higher y-o-y at Rs1,176.43 million as compared to Rs1,072.41 million.

    Operating profit (EBIDTA) in the current quarter increased 14.4 percent to Rs 252.17 million as compared to Rs 220.43 million in the corresponding year ago quarter. Profit after tax (PAT) in Q1-18 was however 25 percent lower at Rs 73.8 million as compared to Rs 98.5 million in Q1-17, partly affected by the share of loss of Rs 23.46 million by ZMCL’s associates and a rise in expenses.

    Total expenditure in Q1-18 increased 11.3 percent to Rs 1,027.27 million from Rs 922.85 million in Q1-17.

    Operating costs increased 26.4 percent y-o-y to Rs 198.26 million as compared to Rs 156.90 million. Finance costs in the current quarter increased 57.3 percent y-o-y to Rs 51.15 million from Rs 32.51 million in the corresponding year ago quarter.

    Employee benefit expense in Q1-18 increased 18.2 percent to Rs 293.97 million from Rs 248.64 million in Q1-17.

    The company spent 42.1 percent less towards Advertising and Publicity expense in the current quarter at Rs 30.97 million as compared to Rs 53.49 million in Q1-17. ZMCL’s marketing, distribution and business promotion expense in Q1-18 increased 1.33 percent y-o-y o Rs 130.96 million as compared to Rs129.24 million. Other expense in the current quarter increased 1.56 percent y-o-y o Rs 238.20 million as compared to Rs 234.53.

  • Zee Media to seek shareholder nod to demerge DNA print business

    MUMBAI: Print and TV news. For some that would make for a heady combination. But, not for the Essel group-promoted Zee Media Corp Ltd (ZMCL) which runs the Zee News channels as well as the newspaper DNA through a clutch of unlisted subsidiaries. DNA has a print edition in Mumbai and has launched in Delhi recently.

    ZMCL is seeking shareholder approval (on 27 March in Mumbai) to demerge its DNA business (which is operated under Digital Media Corp Ltd – DMCL, MediaVest India Pvt Ltd and Pri-Media Services) from itself even as it merges another company Maurya TV (which runs the current affairs channel Zee Purvaiya) with itself. The scheme got ZMCL board approval earlier.

    The carving out of the print media assets from ZMCL will result in its shareholders getting one DMCL share (face value of Re 1) for every four ZMCL shares (face value Re 1). The date for the demerger and amalgamation has been noted as 1 April 2017.

    What’s compelling ZMCL and DMCL to take this step? According to its notice filing with the BSE over the weekend, the print and media businesses are run and managed differently and can attract a different set of investors, strategic partners, lenders and other stakeholders. This apart, FDI regulations permit 26 per cent foreign investment in print and 49 per cent in news TV after government approvals.

    While ZMCL had revenues of around Rs 394 crore in the year to 31 March 2016, DMCL reported a topline of around Rs 110 crore in the same period, according to the filing with the BSE. The latter had a loss of Rs 8.72 crore for the same period while the former had a net profit of Rs 18.75 crore.

    The group is proposing to list DMCL on the stock exchanges on getting shareholder and other regulatory and listing approvals.

    AlsO Read :

    http://www.indiantelevision.com/television/tv-channels/news-broadcasting/zee-media-ad-revenue-up-in-q3-17-170206

    http://www.indiantelevision.com/regulators/ib-ministry/zee-medias-49-stake-in-927-big-fm-gets-it-59-radio-channels-161123

    http://www.indiantelevision.com/television/tv-channels/news-broadcasting/big-fm-india-today-deals-zee-media-seeks-shareholder-nod-for-loans-161223

    http://www.indiantelevision.com/television/tv-channels/people/the-key-is-to-consolidate-zeel-zmcl-zee-digital-and-dna-business-ashish-sehgal-160404