revenue grew to Rs 463.2 million for the fiscal first quarter, from
Rs 436.4 million a year ago. Subscription revenue fell three per
cent to Rs 176 million.
saw ad revenue growth of 6 per cent in this sluggish market while
cutting inventory on Zee News. Some of the regional news channels
saw growth while the business news segment is affected by the slowdown.
The real growth in subscription revenues is higher as they are booked
net of expenses. We see subscription revenues bouncing back this
quarter," said Zee News Ltd CEO Barun Das.
for the first quarter fell 30.3 per cent to Rs 53.4 million, down
from Rs 76.6 million in the year-ago period.
posted Ebitda profit of Rs 113 million from its existing business
(Zee News, Zee Business, Zee 24 Taas, Zee Punjabi and 24 Ghanta).
However, in the earlier year, Ebitda was stronger at Rs 139.1 million.
company also managed to narrow the Ebitda loss from its new businesses
(Zee 24 Ghantalu, Zee News UP) to Rs 59.6 million compared to the
Ebitda loss from the new business at Rs 62.5 million a year ago.
Among the expenses, the cost of goods and operations jumped 25 per
cent, while other expenses jumped 12.1 per cent.
delay in digitisation has impacted ZNL. Said ZNL MD Punit Goenka
said, This has been a speed bump in improving the business
models of television news broadcasters. While the delay is certainly
disappointing, our existing strength in subscription revenues should
see us through this period of transition. Our new strategic Initiatives
plan is in place to leverage increased viewer choice as well as
improved business model post cable digitisation. Meanwhile, we continue
to ensure that the brand salience of the individual channels in
news network is maintained and strengthened through our various