Hindustan Media Ventures posts smart increase in profit

Hindustan Media Ventures Ltd, home to the Hindi language publications of HT Media Ltd, reported a sharp increase in its profit thanks to a substantial fall in its newsprint costs. The company’s net profit jumped to Rs 39.67 cr for the three months ended June, up from just Rs 13.20 cr in the same period […]

Hindustan Media Ventures invests in content aggregator Aleph Digital

Hindustan Media Ventures, the Hindi arm of mass media company HT Media Ltd, said it invested Rs 4 crore in the media and entertainment firm Aleph Digital Solutions Pvt Ltd. Incorporated in November 2017, Aleph operates Pebble, a hyper-local content marketplace and LocalHeading, a news site. Pebble offers verified hyper-local content to publishers at an […]

HT Media print ad sales down 7% YoY, 6.5% QoQ

HT Media, the publisher of Hindustan Times and Mint newspapers, reported disappointing advertisement sales for the Apr-Jun quarter, and said corporations were not spending on ads due to poor earnings growth. The company generated only Rs 221 cr during the three months from advertisement sales at its English newspapers Hindustan Times and Mint, a decline […]

Hindustan Media Ventures profit down 73% as sales slide

Hindustan Media Ventures, which publishes Hindustan – the Hindi newspaper from the Hindustan Times Group, showed no signs of a recovery in its business as print media continued to grapple from the impact of rising internet penetration. Net profit fell 73% on year to Rs 13.2 cr, even as profit before exception items and tax […]

HT Media to invest Rs 400 cr in Fever 104 FM

HT Media, the company that publishes the Hindustan Times newspaper, said it obtained approval from its board of directors to invest another Rs 400 cr into its FM business. The company operates ‘Fever 104’ FM stations in over a dozen cities in India. However, it is dwarfed by competitors like Radio Mirchi from the Times […]

Hindustan Media Ventures sees continued pain in Jan-Mar

Hindustan Media Ventures, which publishes Hindustan, the Hindi newspaper from the Hindustan Times Group, continued to report a deterioration in its financial performance in Jan-Mar, in keeping with a negative trend in the print newspaper industry. The company’s consolidated operating revenue for January-March fell sharply by about 14% compared to the same three months of […]

HUL sees strong growth in profit margins in Q3

Hindustan Unilever, the country’s largest fast-moving consumer goods maker, reported a 17% increase in its like-to-like top line and an 11% growth in sales volumes for the October December period when compared to the previous year. The previous year’s sales were disrupted by demonetization. The total revenue, including tax, generated by the company rose to […]

Hindustan Media Ventures reports 5% ad revenue growth

Hindustan Media Ventures, the publisher of Hindustan daily, reported a 12% jump in net profit for the third quarter due to ongoing cost cutting measures. On a positive note, advertising revenue increased by Rs 8 cr, or 5%, on year during the third quarter to Rs 177 cr. However, the comparison was with a weak […]