ETC announces losses; and music & Punjabi channel leadership status

ETC Networks has announced red ink-stained financial results for the year ended 31 March 2002, even as Zee Telefilms readies to get into the driver's seat, after its official acquisition of the network last month.

ETC's turnover is down to Rs 313.3 million (Rs 538.2 million in the year to March 2001) even as expenses on exceptional items of Rs 136.12 million have dragged its net profit into negative terrain (Rs 141.06 million as against a profit of Rs 24.36 million last year). The exceptional items represent a write off on account of advances for copyrights and new projects.

The company has managed to halve its programming and telecast expenses to Rs 125.871 million (Rs 288.08 million) in the year. Its profit before before interest, depreciation /amortization & exceptional items is higher at Rs 55.64 million (Rs 49.62 million), but an interest component of Rs 12.44 million (Rs 6.02 million), depreciation of Rs 32.11 million (Rs 17.02 million) and exceptional expenses have led to the losses of Rs 136.12 million. To top it all, its reserves have dropped to Rs 273.81 million (Rs 299.24 million). 

Zee Telefilms has in recent times acquired the promoters interest in ETC Networks from the present promoters and ETC has allotted 22,20,812 equity shares at price of Rs 31.52 to the media major. Consequently, Zee will be holding more then 51 per cent of the expanded capital of the company. 

In a press release issued yesterday, ETC Networks has claimed leadership in the music and Punjabi segments. Besides being the market leader in 4+ all India figures etc is also leading amongst the 18-30 age group of All Adults of SEC A, for the period starting 12 May 2002, etc has a TVR of 0.28 whereas Channel [V] is 0.07, MTV is 0.05, CMM is 0.03, B4U is 0.04, Sahara is 0.20, SAB 0.19 and Star Gold has 0.14. (Source TAM)

Again for 18 to 30 age group of All Adults of SEC A (period starting May 12, 2002) amongst the music channels, etc claims a channel share of 59 per cent as against Channel [V]'s 14 per cent, MTV's 11 per cent, while B4U and CMM both share 8 per cent each. 

etcs Channel Punjabi, leader in Punjabi regional channels, has maintained its top position since its inception two years back, the channel claims. Quoting TAM and INTAM in all the C&S homes and amongst the viewers aged 4+ (period starting 12 May), etc Channel Punjabi channel share is 58 per cent, Alpha Punjabi is 21 per cent, Lashkara 9 per cent, DD Punjabi 12 per cent, with Tara bringing up the rear with virtually 0 per cent, an official release say.

Latest Reads
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories