Would-be acquirers behind Zee Entertainment rumors?

Punit Goenka, the CEO and MD of Zee Entertainment Enterprises and part of the promoter group of the company, said recent controversies involving the promoters have not affected the determination of the promoters to find the right strategic partner for the media company. Goenka was responding to questions of whether international companies have been unnerved […]

Jagran Prakashan Q2: Cost management better than at rival DB Corp

Following the trend seen in other newspaper stocks, Jagran Prakashan — which publishes India’s largest circulated daily — reported a sharp decline in its profits for the second quarter. However, the company was able to better manage rising input costs compared to its rival DB Corp on a sequential basis. Like in case of DB […]

High Court allows Cobrapost to publish video on Dainik Bhaskar

Delhi High Court has set apart a lower court decision that imposed a stay on the publication of a video by website Cobrapost that allegedly showed political bias among employees of Dainik Bhaskar group. DB Corp, the publisher of Dainik Bhaskar daily, won the injunction after arguing that the video was malafide and based on […]

Bhima Jewellers pulls ads from Mathrubhumi over Meesa novel

Bhima Jewellers, one of the biggest gold retailing firms in Kerala, seems to have pulled its advertisements from Mathrubhumi due to ‘controversies’ over the printing of a novel by the publication group. “We give importance to public sentiments and wish to stay away from controversies of any kind. We have noted your concerns and have […]

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 […]

Facebook rejects police request to block ‘drinker’s group’

Facebook has refused to block a ‘drinker’s group’ that the Kerala Police had requested to be taken down, according to local media reports. The social network reportedly told the police that the group was not in violation of its guidelines and cannot be taken down without proper justification. The Kerala Excise department is trying to […]

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 […]