ALTBalaji adding 25,000-30,000 paid users per day – CEO

ALTBalaji, the biggest Indian provider of original online content, is signing up paid users at the rate of 25,000-30,000 per day, said Nachiket Pantvaidya, the CEO of Balaji Telefilms, the company behind the app. “We expect to have¬†paid users of 10 mln by the end of the year,” Pantvaidya said in an interview with BTVI. […]

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 […]

Porn on Phone? You could go to prison for 3 years

People carrying pornographic or other indecent material on their phones can end up getting prison terms of up to three years under a new law proposed by the ministry of women and child development headed by Maneka Gandhi. Under the ‘Indecent Representation of Women Act’, anyone possessing printed content, drawings and films “which contains indecent […]

Zee Entertainment continues bounce from demonetization, Q4 ad sales up 24%

Zee Entertainment Enterprises Ltd, the largest Indian-owned media company, reported a strong quarter of advertisement growth in Jan-Mar, benefiting from a bounce-back from the lows of demonetization last year. Advertising revenue for the Jan-Mar quarter rose 24% on year to Rs 1,050 cr. With this, full-year advertising revenue growth has recovered to 14.5%. Subscription revenue […]

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 […]

‘Fake news’ directive withdrawn on Modi’s orders

Faced with severe criticism from the media and the opposition, the Prime Minister’s office has directed the Information & Broadcasting ministry to withdraw the ‘fake news’ directive. The ministry had, last evening, issued a statement that envisaged provisions to punish journalists who reported ‘fake news’. According to the press release issued yesterday, action — including […]

India could ban junk food and cola ads on children’s TV

The government¬† of India is exploring ways to ban the advertising of junk foods and soft drinks on television channels targeted at children, junior minister for information and technology Rajyavardhan Rathore told the parliament today. Rathore said intimations in this regard will be sent to television channels soon, and the idea was to discourage children […]

RIL’s TV18 acquires majority control of Viacom18 for Rs 128 cr

Reliance Industries controlled media group TV18 Broadcast said it has acquired a controlling stake in Viacom 18, which operates channels such as Colors and Comedy Central in India. The joint venture was formed as a 50:50 partnership in 2007. However, because neither party had a controlling stake, TV18 Broadcast was prevented from showing the revenue […]

Balaji Telefilms ties up with Reliance Jio for content distribution

Balaji Telefilms, the television content producer header by Ekta Kapoor, said it has decided to make its digital content available on various content applications of Reliance Jio. So far, the most of the content was exclusive to Balaji Telefilm’s own app, ALTBalaji, which also competes with Jio’s apps. According to Google’s Play Store, the Android […]

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 […]

TV Today to merge Mail Today with itself for synergy

Broadcasting company TV Today Network said it has decided to write off nearly Rs 273 cr of accumulated losses at its Mail Today newspaper business and merge it with the parent company for better synergies. TV Today Network runs one of India’s most popular television network, including the channels India Today and Aaj Tak. The […]

NDTV officially denies sale to Ajay Singh

India’s oldest English television news broadcaster NDTV officially denied that it has been sold to Ajay Singh, the promoter of SpiceJet. “We wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person,” NDTV Ltd said in an official […]

Stock Exchange seeks clarification from NDTV on Ajay Singh’s stake-buy

The National Stock Exchange has again sought a clarification from NDTV after the Indian Express reported that SpiceJet promoter Ajay Singh was now the biggest shareholder in the media company. UPDATE: NDTV has denied the rumors. According to the newspaper, Singh has acquired a 60% stake in the media company, restricting existing promoters led by […]

Arnab Goswami’s Republic TV gets derated by Malayalis

Republic TV, the channel launched by Arnab Goswami — the former editor of Times Now — has come in for a barrage of criticism on social media after Malayalis took offence to what has been portrayed as repeated attempts by the channel to tarnish the reputation of the state. The channel, which used to be […]