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Tag: ZMCL

  • ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

    ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

    MUMBAI: The board of directors of ZMCL has inter alia approved a draft of Scheme of Arrangement and Amalgamation for demerger of print media undertaking of the company into Diligent Media Corporation Limited (DMCL), merger of Mediavest India Private Limited and Pri Media Services Private Limited into DMCL and merger of Maurya TV Private Limited with the Company. As a part of the Scheme, the equity shares of DMCL shall be listed on stock exchanges.

    Newspaper Launch: The Network launched the Delhi edition of DNA on 11 October 2016.

    DNA launched with a promise. “We won’t compromise on the quality and integrity of journalism. You won’t find a story where we have sold our soul to make money and sold it to you as news,” wrote the editor-in-chief of the newspaper on the front page of the first issue of the 32-page paper priced at Rs 10. He further promised that the spanking new newspaper will change the rules of the game. DNA’s Delhi debut has, interestingly, took the media fraternity, including top media buyers at advertising agencies, by surprise.

    Delhi is a bigger print media market than Mumbai. Of Rs 5,100 crore invested into advertising in newspapers in Delhi and Mumbai, 60% goes into print brands in the capital. The English print market in Delhi is estimated to be at Rs 1,700 crore.

    Acquisition: Subsequent to September 30, 2016, the company has acquired 49 per cent stake in Today Merchandise Private Limited and Today Retail Network Private Limited and the Board of Directors today approved in-principle launch of a Home Shopping channel by the company.

  • Q2-17: Zee Media operating profit up

    Q2-17: Zee Media operating profit up

    BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent of Total Income from Operations or TIO) in Q2-17 as compared to Rs 7.28 crore (5.7 per cent of TIO) in the corresponding year ago quarter. The company’s EBIDTA grew 1.6 per cent quarter-over-quarter (q-o-q) from Rs 17.71 crore (13.8 per cent of TIO) in the immediate trailing quarter.

    Revenue breakup

    ZMCL’s TIO in the current quarter was almost flat y-o-y as well as q-o-q. The company reported 0.7 per cent y-o-y decline in Q2-17 at Rs 126.15 crore as compared to Rs 127.05 crore and a 1.6 per cent q-o-q decline from Rs 128.24 crore.

    ZMCL reported an 8.3 per cent y-o-y growth in advertising revenue in Q2-17 at Rs 98.24 crore (77.9 per cent of TIO) as compared to Rs 90.69 crore, but a 4 per cent q-o-q decline from Rs 102.35 crore. Advertising revenue from ZMCL’s existing channels increased 17.7 per cent y-o-y in Q2-17 to Rs 77.63 crore from Rs 65.93 crore but declined 3 per cent q-o-q from Rs 80.01 crore. Advertising revenue from new channels increased 6.3 per cent y-o-y in Q2-17 to Rs 7.08 crore from Rs 6.66 crore, but declined 2.9 per cent q-o-q from Rs 7.29 crore

    Since 1 June, 2016, the company’s flagship channel Zee News became free-to-air (FTA). Subscription revenue in the current quarter declined 39.9 per cent y-o-y to Rs 16.37 crore (13 per cent of TIO) from Rs 27.24 crore (21.4 per cent of TIO) and declined 8.4 per cent q-o-q from Rs 17.89 crore (14 per cent of TIO).

    Subscription revenues from Existing channels declined 42.3 per cent y-o-y to Rs 14.09 crore from Rs 24.44 crore and declined 9 per cent q-o-q from Rs 15.48 crore.

    Other sales and services revenue increased 26.8 per cent q-o-q to Rs 11.55 crore (9.2 per cent of TIO) from Rs 9.11 crore (7.2 per cent of TIO) and increased 44.4 per cent from Rs 8 crore in the immediate trailing quarter. Other revenues for existing channels declined 45.9 per cent y-o-y to Rs 1.77 crore from Rs 3.27 crore, but increased 14.2 per cent from Rs 1.55 crore.

    Business Revenue breakup

    Revenue from ZMCL’s Television Broadcasting Busin ess (TV Business) was flat y-o-y (increased by 0.3 per cent) at Rs 100.57 crore as compared to Rs 100.30 crore, but declined 3.6 per cent q-o-q from Rs 104.34 crore. The TV Business reported more than sevenfold (7.41 times) y-o-y increase in operating profit at Rs 13.89 crore as compared to Rs1.88 crore, but a 6.1 per cent q-o-q decline from Rs 104.34 crore.

    Revenue from ZMCL’s print business was almost flat (increased 0.7 per cent) y-o-y at Rs 30.26 crore vis-à-vis Rs 30.03 crore and increased 4.3 per cent q-o-q from Rs 29 crore. The business reported lower y-o-y operating loss of Rs 5.88 crore as compared to Rs 6.86 crore. ZMCL’s print business had reported a lower operating loss of Rs 3.79 crore in Q1-17.

    A look at the other numbers reported by ZMCL

    ZMCL reported a lower y-o-y loss of Rs 18.04 crore in the current quarter as compared to a loss of Rs 19.86 crore in the corresponding year ago quarter. The company had reported a profit after tax of Rs 0.09 crore for the immediate trailing quarter. In may be noted that ZMCL has incurred an exceptional loss of Rs 18.88 crore due to sale of land and buildings of a subsidiary in the current quarter.

    The company has controlled its total expenditure in Q2-17, which declined 11 per cent y-o-y to Rs 118.22 crore (93.7 per cent of TIO) as compared to Rs 132.79 crore (104.5 per cent of TIO) and was 2.2 per cent lower q-o-q as compared to Rs 120.83 crore.

    Cost of Raw materials consumed in the current quarter declined 18 per cent y-o-y to Rs 10.32 crore (8.2 per cent of TIO) as compared to Rs 12.59 crore (9.9 per cent of TIO) but was 2.1 per cent more q-o-q than Rs 10.11 crore (7.9 per cent of TIO).

    Employee Benefits Expenses in the current quarter declined 19.8 per cent y-o-y to Rs 30.45 crore (24.1 per cent ofTIO) from Rs 31.92 crore (29.9 per cent of TIO) and was 4.6 per cent lower q-o-q than the Rs 38.60 crore (24.9 per cent of TIO) in the immediate trailing quarter.

    ZMCL’s Marketing, Distribution and Business Promotion Expenses (Marketing expenses) in the current quarter declined 45.9 per cent y-o-y to Rs 13.52 crore (10.7 per cent of TIO) from Rs 24.97 crore (19.6 per cent of TIO) and declined 15.8 per cent q-o-q from Rs 16.05 crore (12.5 per cent of TIO).

    Operational costs in Q2-17 increased 11.4 per cent y-o-y to Rs 23.55 crore (18.7 per cent of TIO) from Rs 21.14 crore (16.6 per cent of TIO) and increased 26.1 per cent q-o-q from Rs 18.67 crore (14.6 per cent of TIO).

    Other expense in Q2-17 increased 31.3 per cent y-o-y to Rs 30.31 crore (24 per cent of TIO) from Rs 23.08 crore (18.2 per cent of TIO) but declined 21.3 per cent q-o-q from Rs 38.51 crore (30 per cent of TIO).

     

  • Q2-17: Zee Media operating profit up

    Q2-17: Zee Media operating profit up

    BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent of Total Income from Operations or TIO) in Q2-17 as compared to Rs 7.28 crore (5.7 per cent of TIO) in the corresponding year ago quarter. The company’s EBIDTA grew 1.6 per cent quarter-over-quarter (q-o-q) from Rs 17.71 crore (13.8 per cent of TIO) in the immediate trailing quarter.

    Revenue breakup

    ZMCL’s TIO in the current quarter was almost flat y-o-y as well as q-o-q. The company reported 0.7 per cent y-o-y decline in Q2-17 at Rs 126.15 crore as compared to Rs 127.05 crore and a 1.6 per cent q-o-q decline from Rs 128.24 crore.

    ZMCL reported an 8.3 per cent y-o-y growth in advertising revenue in Q2-17 at Rs 98.24 crore (77.9 per cent of TIO) as compared to Rs 90.69 crore, but a 4 per cent q-o-q decline from Rs 102.35 crore. Advertising revenue from ZMCL’s existing channels increased 17.7 per cent y-o-y in Q2-17 to Rs 77.63 crore from Rs 65.93 crore but declined 3 per cent q-o-q from Rs 80.01 crore. Advertising revenue from new channels increased 6.3 per cent y-o-y in Q2-17 to Rs 7.08 crore from Rs 6.66 crore, but declined 2.9 per cent q-o-q from Rs 7.29 crore

    Since 1 June, 2016, the company’s flagship channel Zee News became free-to-air (FTA). Subscription revenue in the current quarter declined 39.9 per cent y-o-y to Rs 16.37 crore (13 per cent of TIO) from Rs 27.24 crore (21.4 per cent of TIO) and declined 8.4 per cent q-o-q from Rs 17.89 crore (14 per cent of TIO).

    Subscription revenues from Existing channels declined 42.3 per cent y-o-y to Rs 14.09 crore from Rs 24.44 crore and declined 9 per cent q-o-q from Rs 15.48 crore.

    Other sales and services revenue increased 26.8 per cent q-o-q to Rs 11.55 crore (9.2 per cent of TIO) from Rs 9.11 crore (7.2 per cent of TIO) and increased 44.4 per cent from Rs 8 crore in the immediate trailing quarter. Other revenues for existing channels declined 45.9 per cent y-o-y to Rs 1.77 crore from Rs 3.27 crore, but increased 14.2 per cent from Rs 1.55 crore.

    Business Revenue breakup

    Revenue from ZMCL’s Television Broadcasting Busin ess (TV Business) was flat y-o-y (increased by 0.3 per cent) at Rs 100.57 crore as compared to Rs 100.30 crore, but declined 3.6 per cent q-o-q from Rs 104.34 crore. The TV Business reported more than sevenfold (7.41 times) y-o-y increase in operating profit at Rs 13.89 crore as compared to Rs1.88 crore, but a 6.1 per cent q-o-q decline from Rs 104.34 crore.

    Revenue from ZMCL’s print business was almost flat (increased 0.7 per cent) y-o-y at Rs 30.26 crore vis-à-vis Rs 30.03 crore and increased 4.3 per cent q-o-q from Rs 29 crore. The business reported lower y-o-y operating loss of Rs 5.88 crore as compared to Rs 6.86 crore. ZMCL’s print business had reported a lower operating loss of Rs 3.79 crore in Q1-17.

    A look at the other numbers reported by ZMCL

    ZMCL reported a lower y-o-y loss of Rs 18.04 crore in the current quarter as compared to a loss of Rs 19.86 crore in the corresponding year ago quarter. The company had reported a profit after tax of Rs 0.09 crore for the immediate trailing quarter. In may be noted that ZMCL has incurred an exceptional loss of Rs 18.88 crore due to sale of land and buildings of a subsidiary in the current quarter.

    The company has controlled its total expenditure in Q2-17, which declined 11 per cent y-o-y to Rs 118.22 crore (93.7 per cent of TIO) as compared to Rs 132.79 crore (104.5 per cent of TIO) and was 2.2 per cent lower q-o-q as compared to Rs 120.83 crore.

    Cost of Raw materials consumed in the current quarter declined 18 per cent y-o-y to Rs 10.32 crore (8.2 per cent of TIO) as compared to Rs 12.59 crore (9.9 per cent of TIO) but was 2.1 per cent more q-o-q than Rs 10.11 crore (7.9 per cent of TIO).

    Employee Benefits Expenses in the current quarter declined 19.8 per cent y-o-y to Rs 30.45 crore (24.1 per cent ofTIO) from Rs 31.92 crore (29.9 per cent of TIO) and was 4.6 per cent lower q-o-q than the Rs 38.60 crore (24.9 per cent of TIO) in the immediate trailing quarter.

    ZMCL’s Marketing, Distribution and Business Promotion Expenses (Marketing expenses) in the current quarter declined 45.9 per cent y-o-y to Rs 13.52 crore (10.7 per cent of TIO) from Rs 24.97 crore (19.6 per cent of TIO) and declined 15.8 per cent q-o-q from Rs 16.05 crore (12.5 per cent of TIO).

    Operational costs in Q2-17 increased 11.4 per cent y-o-y to Rs 23.55 crore (18.7 per cent of TIO) from Rs 21.14 crore (16.6 per cent of TIO) and increased 26.1 per cent q-o-q from Rs 18.67 crore (14.6 per cent of TIO).

    Other expense in Q2-17 increased 31.3 per cent y-o-y to Rs 30.31 crore (24 per cent of TIO) from Rs 23.08 crore (18.2 per cent of TIO) but declined 21.3 per cent q-o-q from Rs 38.51 crore (30 per cent of TIO).

     

  • R.K.Arora bids adieu to Zee Media

    R.K.Arora bids adieu to Zee Media

    MUMBAI: Executive director and CEO of Zee Media R.K. Arora has stepped down from his role. A source close to the development has confirmed this development to indiantelevision.

    Arora was appointed as an additional director and CEO of the company for a period of three years with effect from May 24, 2016 soon after the chairman of the Essel Group of companies Subhash Chandra resigned from the post of director and non-executive chairman of Zee Media Corporation Limited (ZMCL).

    Arora was responsible for the various news channels under ZMCL that included WION, Zee News, Zee Business, India 24×7, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, 24 Ghanta, Zee Kalinga News, Zee Purvaiya, and Zee Rajasthan News.

    Before joining ZMCL, Arora was the CEO of News Nation. He earlier was with ITV Network where he managed the overall operations of its seven channels.

    Updates on Arora’s successor is still awaited.

    Meanwhile, the whole Essel/Zee group is undergoing a restructuring. The group recently appointed a new chief executive for Zee Entertainment’s domestic broadcast business in Punit Misra, while Amit Goenka continues to be the CEO-International for ZEEL. Zee’s parent Essel has formed a new entity, Essel Business Excellence, which will take care of many of the common responsibilities of the group companies.Another business unit, Zee Unimedia, will not only look after ad sales of Zee’s digital platforms but also its TV channels, while scouting around for outside work too in the long run, if media reports are to be believed.

  • R.K.Arora bids adieu to Zee Media

    R.K.Arora bids adieu to Zee Media

    MUMBAI: Executive director and CEO of Zee Media R.K. Arora has stepped down from his role. A source close to the development has confirmed this development to indiantelevision.

    Arora was appointed as an additional director and CEO of the company for a period of three years with effect from May 24, 2016 soon after the chairman of the Essel Group of companies Subhash Chandra resigned from the post of director and non-executive chairman of Zee Media Corporation Limited (ZMCL).

    Arora was responsible for the various news channels under ZMCL that included WION, Zee News, Zee Business, India 24×7, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, 24 Ghanta, Zee Kalinga News, Zee Purvaiya, and Zee Rajasthan News.

    Before joining ZMCL, Arora was the CEO of News Nation. He earlier was with ITV Network where he managed the overall operations of its seven channels.

    Updates on Arora’s successor is still awaited.

    Meanwhile, the whole Essel/Zee group is undergoing a restructuring. The group recently appointed a new chief executive for Zee Entertainment’s domestic broadcast business in Punit Misra, while Amit Goenka continues to be the CEO-International for ZEEL. Zee’s parent Essel has formed a new entity, Essel Business Excellence, which will take care of many of the common responsibilities of the group companies.Another business unit, Zee Unimedia, will not only look after ad sales of Zee’s digital platforms but also its TV channels, while scouting around for outside work too in the long run, if media reports are to be believed.

  • Zee Media marketing head Pooja Gupta quits

    Zee Media marketing head Pooja Gupta quits

    MUMBAI: Zee Media Corp Ltd (ZMCL) marketing head Pooja Gupta has quit. Sources in ZMCL confirmed that Gupta has put in her papers at the news network today.

    Gupta has been a part of the ZMCL for more than a year. In November 2015, the company elevated Pooja Gupta as marketing head. Based in Noida, she reported to ZMCL CEO R K Arora.

    Gupta’s focus was to build brand awareness of all ZMCL channels across various sectors and verticals as well as with key stakeholders leading to increased traction with the company’s advertiser-customer. During her stint, the news network launched another news channel World Is One News (WION).

    Prior to joining ZMCL, Gupta had worked with News Nation as vice-president brand and corporate communications.

  • Zee Media marketing head Pooja Gupta quits

    Zee Media marketing head Pooja Gupta quits

    MUMBAI: Zee Media Corp Ltd (ZMCL) marketing head Pooja Gupta has quit. Sources in ZMCL confirmed that Gupta has put in her papers at the news network today.

    Gupta has been a part of the ZMCL for more than a year. In November 2015, the company elevated Pooja Gupta as marketing head. Based in Noida, she reported to ZMCL CEO R K Arora.

    Gupta’s focus was to build brand awareness of all ZMCL channels across various sectors and verticals as well as with key stakeholders leading to increased traction with the company’s advertiser-customer. During her stint, the news network launched another news channel World Is One News (WION).

    Prior to joining ZMCL, Gupta had worked with News Nation as vice-president brand and corporate communications.

  • Zee News release new brand films ‘Soch Badlo Desh Badlo’

    Zee News release new brand films ‘Soch Badlo Desh Badlo’

    MUMBAI: It indeed has been a time of great pride for ZEE NEWS as it was declared the No. 1 trusted Hindi News Channel (Source: The Brand Trust Report – India Study 2016 – study by TRA Research Pvt. Ltd.) and also bagged 5 trophies at the IndianTelevision.com NT Awards for the relentless coverage, creative acumen, extensive insights and web engagement that Zee News has represented, over the years.

    The recent conversion of Zee News, to a Free to Air (FTA) channel will help in delivering unbiased and path breaking content that empower citizens across the length and breadth of the country.  While Zee News’ mission has always been to nurture more informed and aware citizens, the FTA Marketing campaign will aid Rural India to explore moments of optimism and become more informed, creating value and making a difference to their lives. With this objective in mind, we have created 2 new brand films. To quote Pooja Gupta, Marketing Head, ZMCL, “as a pioneer in the industry, Zee News seeks to reinforce its commitment through engaging and thought provoking content. The brand strategy of the films was to provide differentiated content which cuts through the morass of the market by focusing on positive, informative, and interactive communication. The context and creative thought behind the films intend to focus on news that affects people, that they can use in their daily lives, and that ‘upgrades’, and not just ‘updates’.

    Zee News also expects the audience profile for news ecosystem to gradually transform and include the entire family with a mind of their own, that reflects their attitude, life, trials and aspirations. People have awakened to their rights and are beginning to take a stand. When a thought awakens, it awakens a nation. The new brand films upholding the tag line of – Soch Badlo Desh Badlo, strive to set an enabling agenda to empower people for a better and a more informed life and to urge them to make a positive impact on the development of the country.

     Pooja further believes,” social media is a powerful vehicle for sampling content and building a brand. Hence, we are promoting the brand films extensively on all our social media platforms – Facebook, Twitter, and YouTube. You may watch the films by clicking on the below links, too! Together let us change our thoughts and help bring about the change in the country for the better!”
     

     

  • Zee News release new brand films ‘Soch Badlo Desh Badlo’

    Zee News release new brand films ‘Soch Badlo Desh Badlo’

    MUMBAI: It indeed has been a time of great pride for ZEE NEWS as it was declared the No. 1 trusted Hindi News Channel (Source: The Brand Trust Report – India Study 2016 – study by TRA Research Pvt. Ltd.) and also bagged 5 trophies at the IndianTelevision.com NT Awards for the relentless coverage, creative acumen, extensive insights and web engagement that Zee News has represented, over the years.

    The recent conversion of Zee News, to a Free to Air (FTA) channel will help in delivering unbiased and path breaking content that empower citizens across the length and breadth of the country.  While Zee News’ mission has always been to nurture more informed and aware citizens, the FTA Marketing campaign will aid Rural India to explore moments of optimism and become more informed, creating value and making a difference to their lives. With this objective in mind, we have created 2 new brand films. To quote Pooja Gupta, Marketing Head, ZMCL, “as a pioneer in the industry, Zee News seeks to reinforce its commitment through engaging and thought provoking content. The brand strategy of the films was to provide differentiated content which cuts through the morass of the market by focusing on positive, informative, and interactive communication. The context and creative thought behind the films intend to focus on news that affects people, that they can use in their daily lives, and that ‘upgrades’, and not just ‘updates’.

    Zee News also expects the audience profile for news ecosystem to gradually transform and include the entire family with a mind of their own, that reflects their attitude, life, trials and aspirations. People have awakened to their rights and are beginning to take a stand. When a thought awakens, it awakens a nation. The new brand films upholding the tag line of – Soch Badlo Desh Badlo, strive to set an enabling agenda to empower people for a better and a more informed life and to urge them to make a positive impact on the development of the country.

     Pooja further believes,” social media is a powerful vehicle for sampling content and building a brand. Hence, we are promoting the brand films extensively on all our social media platforms – Facebook, Twitter, and YouTube. You may watch the films by clicking on the below links, too! Together let us change our thoughts and help bring about the change in the country for the better!”
     

     

  • Zee’s Sharlton Menezes joined LeEco’s new Content Business as head of strategy; Debashish Ghosh to be the COO

    Zee’s Sharlton Menezes joined LeEco’s new Content Business as head of strategy; Debashish Ghosh to be the COO

    MUMBAI: Former biz head of Original Digital Content at Zee Digital Convergence has joined chinese technology giant LeEco as head of strategy of Content Business effective since May 23 2016. He will be responsible for overall strategy of Le Eco’s soon to be announced content business in India that will include an Over-The-Top video service. In addition to that he will also oversee the new marketing and membership initiatives put forth by the company.

    Menezes is expected to directly report to the newly christened COO of the content business. As reported earlier by Indiantelevision.com, Menezes’ former senior and ZMCL CEO Debashish Ghosh is set to take over as the COO at LeEco’s new content outfit by June 1. In what industry called ‘a major reshuffle’, both Menezes and Ghosh left their former portfolios at ZMCL earlier in May.

    As per a source close to the development the new content business, details of which is expected to be announced by June 8, will run separate but parallelly with the company’s already established technology business in India. It is to be noted that LeEco is well known for its content business in the home country, often referred to as the ‘Netflix of China’ and word has it that the technology giant is taking a similar route with its business strategy in Indian market.