Television

Zee News Ltd posts 19.5% ad rev growth in shaky environment

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/11/15/Untitled-1_5.jpg?itok=duWxnFD3

MUMBAI: Zee News Ltd (ZNL) has posted second-quarter advertising revenue growth of 19.5 per cent but has cautioned that the economic environment is still shaky and could turn worse after the festive spending is over.

The television news broadcasting company‘s ad revenue for the three-month period ended September stood at Rs 486.5 million compared to Rs 407.2 million a year ago, constituting 61.5 per cent of its total revenue.  

     

  "Given the current market conditions, we have done well. News channels had a dismal second quarter last year and this time the festive season has advanced. Going forward, the ad scenario looks bleak. But we are preparing ourselves for the impending recession and will come out with innovative solutions. Even during the thick of the recession in 2008, we did better than the industry. We expect to outgrow the market by 5-10 per cent," Zee News Ltd chief executive officer Barun Das told Indiantelevision.com.

ZNL‘s subscription revenue has de-grown during the quarter due to the transition to Media Pro, a distribution company formed by Star Den and Zee Turner, but would look up in the subsequent quarters. Pay-TV revenues stood at Rs 160.1 million, down 17.5 per cent from the year-ago quarter.

"The subscription revenue figures showed degrowth as they have been booked net of expenses. This change has been necessitated due to the formation of Media Pro, which pays subscription revenues to Zee, net of expenses. But as things settle down, we should be seeing a growth of 10 per cent in our subscription income," Das averred. 

Consolidated net profit stood at Rs 34.82 million compared to Rs 2.24 million a year ago.

Ebitda was at Rs 85.1 million, up 21.2 per cent from Rs 70.2 million.

ZNL‘s revenue jumped 28.5 per cent to Rs 791.3 million. This included a one-time transaction of sale of programmes and film rights from Zee Tamil to Zee Wntertainment Enterprises Ltd (Zeel) of Rs 124.2 million. Without this, ZNL‘s revenue would have grown by eight per cent over the year-ago period.



"The sale will also be captured in the next two quarters of the fiscal," said Das.

Operating expenses rose 29.4 per cent to Rs 706.2 million. ZNL said that subsequent to Zee Tamil discontinuance, the company transferred part of inventory of programmes and films related to Zee Tamil. Accordingly, Other Sales & Services as well as Cost of Goods & Operations are higher by this amount.

The existing news channels (Zee News, Zee Business, Zee 24 Taas, Zee Punjabi and 24 Ghanta) reported Ebitda of Rs 146 million, while Ebitda loss from the new channels was at Rs 60.9 million.

  

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/axis.jpg?itok=HzeFqOmK
Axis Mutual Funds and The Womb take on Fake News in India!

In the context of fake news getting forwarded and investors getting unnecessarily influenced by it, Axis Mutual Fund, one of India’s premier asset management companies has launched an investor awareness campaign

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/motu-patlu.jpg?itok=PbD2fDhq
Celebrate Republic Day with Motu Patlu’s 18th made-for-television movie - ‘Motu Patlu the Superheroes – Super Villains from Mars’

This Republic Day, Motu-Patlu will embark on a all-new adventure, fighting evil to protect the citizens of Furfurinagar and Modern city in their upcoming TV movie ‘Motu Patlu the Superheroes – Super Villains from Mars’ premiering on Sunday, 26th January at 12:30 pm only on Nickelodeon.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/Yeh.jpg?itok=yGyzlMgb
Yeh Mohalla hai Navrangi Re!

Most of the times, we don’t #GiveAShit about shit. But starting February 2, 2019, we won’t be able to ignore it any more, as a one-of-a-kind drama series is coming to our living rooms to make us laugh, cry, wonder, question and fall in love. In an industry first, Viacom18 has partnered with the...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/Sony.jpg?itok=046xvSJa
Sony SAB kick-starts 2019 on a happy note with two new limited format series

Adding a touch of happiness and laughter to the weekends, Sony SAB, is set to launch two new series – Band Baja Bandh Darwaza and My Name Ijj Lakhan. Exploring unconventional storylines and newer genres, both shows are limited format series that will add dollops of light-hearted entertainment to...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/shilpashetty_1.jpg?itok=P6rUeNNJ
Shilpa Shetty joins Network18 as national revenue head - display - business news cluster

Network18 has appointed Shilpa Shetty as national revenue head - display - business news cluster. Shetty brings with her 18 years of rich experience as a sales professional with a demonstrated history of working in the broadcast media industry.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/FIH.jpg?itok=HY3s2VN3
FIH, DAZN renew deal for 2019-22

The International Hockey Federation (FIH) has renewed its media rights agreement with DAZN for a period of four years (2019-2022) in Austria, Germany and Switzerland, according to Insidesport. FIH and DAZN first entered into a media rights agreement back in 2017. DAZN is a subscription video...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/vast.jpg?itok=vyeW8sEl
Sudhanshu Vats on Rishtey's content strategy, challenges and Viacom18's latest show

The sweet spot. That’s what Viacom18’s Hindi mass entertainment channel Rishtey appears to have struck with its latest offering Navrangi Re! The newest act of the media and entertainment conglomerate sees it join forces with the Bill & Melinda Gates Foundation, and BBC Media Action to create a...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/22/hungama.jpg?itok=h0eusU2k
Hungama Music starts original audio programming in Tamil ‘Endrendrum Punnagai’

Hungama Music has announced its foray into original audio programming from 22 January. Starting with Endrendrum Punnagai, a Tamil audio original, Hungama Music will soon launch additional shows in other key Indian languages including Hindi, Telugu, Punjabi, Bengali and Marathi, among others.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/22/mnx.jpg?itok=goDtYfPe
Times Network salutes the spirit of heroism with its Republic Day movie line-up

Times Network, India’s leading television broadcasting network, celebrates the 70th Republic Day of India by taking its viewers on a remarkable journey of valiance on its channels MOVIES NOW and MNX.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories