Issues that may come up at Zee AGM today

Subhash Chandra-promoted Zee Telefilms holds its annual general body meeting today in Mumbai. The meeting comes at a time when the company is organising a major revamp on the programming front and indicates a "genuine effort to get things working again," seems to be the general view among a cross-section of financial analysts.

Although the issues that are listed on the agenda of the meeting are pretty tame (including approval of salaries to be paid out to the company's directors), the topics that may come up for discussion, according to the analysts, are: 

The positives first - 1) How has encryption of the Zee bouquet proceeded? No real problems there as it has gone off pretty well which augurs well for the company as far as fund flows are concerned. 

2) What level have discussions reached to bring on board a strategic partner? While, there is a low likelihood of specifics being forthcoming, the industry seems to be taking the moves in that direction as a very good sign for the long-term as it would bring with it a more transparent and organised corporate ethic. 

3) The moves to streamline operations within the group by merging the many companies under the Chandra umbrella into fewer entities will be welcomed.

4) How has the new programming strategy fared? Though some issues may be raised over why the over-all pick-up has not been as spectacular as Zee would have liked, there can be no quibble really as to the kind of effort that has gone into it so it is not expected to raise too many hackles. The fact that the revamp is still in its early phase naturally helps things.

The negatives - 1)The problems over the links with cornered bull operator Ketan Parekh are still to be sorted out. Especially since Zee has been specifically mentioned in the report prepared by market regulator Securities and Exchange Board of India (Sebi).

2) There is still some Rs1200 million that Chandra has to return to Zee Telefilms from the monies that were transferred to investment companies of Chandra's Essel group which were meant to help bail out Parekh.

All-in-all the overall industry sentiment seems to be cautiously optimistic, with the rider that there is still a lot of work to be done.

Latest Reads
Kannada, Malayalam, Telugu markets stay constant in BARC data week 49

MUMBAI: In the Bengali space, Zee Bangla and Star Jalsha continued to be in first and second positions in BARC data week 49. News18 Bihar Jharkhand emerged as the new player in the market by securing fifth position in the Bhojpuri market. No changes were observed in Kannada, Malayalam and Telugu...

Television TV Channels Viewership
IPL auctions set to kick off 2019 cricket bonanza for brands, marketers

Indian fans are in for a rollercoaster ride in 2019 thanks to an action-packed cricket calendar. Virat Kohli’s men have major challenges – tough and exciting in equal measure – lined up right through the year. The Indian side is set to play 12 Tests, 22 ODIs, 17 T20Is and the all-important World...

Television TV Channels Sports
HUL top advertiser in BARC week 49

Revealing the top advertisers and brands of the week, Broadcast Audience Research Council (BARC) India has released its data for the period between 1 December 2018 and 7 December 2018. The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R): 2+ Individuals...

Television TV Channels Viewership
Zee Hindustan turns anchor-less

The Zee Media Corporation Ltd, part of the Essel Group, today took a path-breaking step in television journalism by formally making its Hindi news channel Zee Hindustan anchor-less.

Television TV Channels News Broadcasting
Aaj Tak continues to lead amid elections in BARC week 49

Aaj Tak yet again stood on top in all the three Hindi news genres in BARC week 49. Republic TV continued to dominate the English news genre. Zee News took the third position in Hindi News (U+R) after replacing ABP News which slipped down to the fourth place.

Television TV Channels Viewership
Zee Anmol leads GEC urban in BARC week 49

Star Plus climbed to the second position from fourth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 49 of 2018. Star Plus and Big Magic interchanged their eighth and ninth positions in the rural market. Zee Anmol and...

Television TV Channels Viewership
Aaj Tak HD hits airwaves, available on Tata Sky

India’s leading news broadcaster Aaj Tak has announced the launch of country’s first Hindi HD news channel - Aaj Tak HD.

Television TV Channels News Broadcasting
Uday Shankar's meteoric rise from Star India to Disney APAC

The man running India's largest media company - Star India-  has made it to the top in the Asia Pacific region at probably the world’s most admired entertainment company - Disney. Uday Shankar, who once was a reporter with The Times of India, and then went on to successfully lead news channels such...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories