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It has been
a topsy-turvy year for the movers and shakers of Indian
television. While some enjoyed windfall profits in the year
gone by, more saw massive erosions in their personal wealth.
According
to a survey conducted by business daily Business Standard,
Zee founder Subhash Chandra, who was the top honcho
from the television industry in list last year, continues
to hold his position as Indian television's richest as far
as personal wealth goes. A new entrant this year is Jeetendra
Kapoor and family, whose Balaji Telefilms continues to prosper.
Subrata Roy of the Sahara group, promoter of Sahara TV,
has climbed up to 30th position from 33rd, his wealth having
increased from Rs 4745.1 million to Rs 7791.8 million.
Chandra,
who was fourth on the list last year, has however had to
settle at number five, with a personal wealth of Rs 27,695.6
million - down from Rs 119,744.6 million one year ago. Vagaries
of consumer choice dictated this year that Chandra's flagship
Zee Telefilms be sidelined as one time ally Star TV fired
on all cylinders through high-octane family soaps.
Jeetendra
Kapoor and family enter the list at number 74, with
a combined wealth of Rs 1,394 million. Balaji's sitcoms
have been widely acknowledged as largely responsible for
the phenomenal turnaround in Star TV's fortunes. This apart,
its shows are the only ones which appear to be bright lights
on an otherwise dark programming landscape in rival channels
Zee TV and Sony Entertainment.
The
others in the "Richie Rich" list who find a mention in the
survey are the Adhikari Brothers, who the report
says, suffered a loss of wealth of 87 per cent to settle
at a modest Rs 340 million. Investors, the survey nsotes,
supported the Sri Adhikari Brothers stock as long as brothers
Gautam and Markand restricted their activities to
producing TV programmes, but gave an emphatic thumbs down
when they set up their own TV channel.
Pentamedia
Graphics' V Chandrasekaran has fallen drastically
to the 79th position from the 30th, his wealth having shrunk
from Rs 9,181 million to Rs 1,236 million. Rajan Raheja,
promoter of Hathway Cables, is also down from the 64th to
the 84th position on the list. His wealth is down from Rs
3,216 million to Rs 1,123 million.
Subhash
Ghai, Mukta Arts promoter, who is eyeing Indian television,
also debuts in the list at number 57. Ghai was the first
in Bollywood to go public in September 2000. His wealth
today is at Rs 1,920 million, 43 per cent lower than the
figure on the day Ghai's company got listed.
A few other
major media players who are not listed in the market are
also mentioned in the report.
A
really big player on the unlisted list is undoubtedly the
Tamil Nadu-based Kalanithi Maran, the king of the
southern language television firmament. Maran owns Sun Networks
and controls over 85 per cent of the Rs 4 billion southern
TV advertising market. There is no reliable estimate about
the wealth of Maran, but it is believed to be anywhere between
Rs 8000 million to Rs 15000 million.
A
major failure of the report must surely be the ommission
of the other southern media biggie Ramoji Rao and
his closely held Eenadu Group from its calculations. Rao
has a virtual lock on both the print as well as electronic
media in Andra Pradesh. Apart from that he owns the world
famous Ramoji Rao Film city, which is a huge outdoor studio
which provides world class production facilities. The total
turnover of the group is Rs 7,500 million. There are no
estimates available with indiantelevision.com on his personal
fortune.
Aroon
Purie of India Today comes next on this list. With print
brands like Business Today, India Today etc with estimated
value of Rs 1000 million and 24-hor news channel Aaj Tak
(which reportedly broke even within only a few months of
its launch) has a valuation close to Rs 1000 million and
Living Media which publishes Purie's titles is worth Rs
2,000 million. The total net worth of Purie is thought to
be close to Rs 4,000 million.
Prannoy
Roy of New Delhi Television, another media player first
came to the limelight as "the election specialist"
who was a fixture on national broadcaster Doordarshan when
national polling was on. After that it was his famous TV
programme "World This Week" on DD which kept NDTV in the
news. This 75 per cent owner in NDTV progressed from a one
programme outfit to channel content provider. His fortune
is estimated close to Rs 1,350 million.
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