Television

TV Today awarded P1+ rating by CRISIL

NEW DELHI: CRISIL, India’s leading rating agency has awarded P1+ rating to TV Today Network Limited (TVTN) for Rs 150 million Commercial Paper programme.

This is the highest possible rating that is assigned by the agency for a debt programme, and has been awarded to TVTN due to the strong business position of its flagship Hindi news channel Aaj Tak, which has been dominating the Indian news channel scenario for the past two years.

This rating also reflects the company’s profitability and healthy capital structure, which is driven by the management’s sound financial policy and business practices, according to a company statement.

Though TV Today Network CEO G. Krishnan yesterday denied to indiantelevision.com that the company has any plans to go public in the immediate future, the market buzz from India's financial capital, Mumbai, is that TVTN is actually preparing the ground for an initial public offer.

"There are no immediate plans to go public, but we are working on it. These speculations are there as we had said earlier that the company may go public after three years. Since we have completed three years, the market is talking about it as if it would happen tomorrow," Krishnan explained.

With a reach of more than 30 million households, strong content and modern technological infrastructure, Aaj Tak has emerged as the country’s leading news channel with the highest viewership share, which has translated into higher revenues. The company’s revenue base has grown from Rs120 million to over Rs1 billion within a short span of two years. The rating also reflects the growing viewership base for news channels and TV's increasing share of 

the media advertising pie, the official statement said.

Notwithstanding these business strengths, TVTN’s business risk profile remains moderated by its focus on the niche news segment and its dependence on Aaj Tak as its key revenue driver. While the company has launched a second news channel Headlines Today to diversify its revenue base, this channel’s viewership share and consequent revenue-generating potential is only expected to grow over the medium term.

Going forward, CRISIL expects that competition in the news channel market to intensify with the entry of new channels such as NDTV India & NDTV 24x7, Sahara Samay and Star News (in its new, all-Hindi format). While this may have a fairly strong impact on the company’s viewership share, Aaj Tak is likely to maintain its leading position in the short to medium term driven by its well-entrenched brand equity and wide reach.

Promoted by the Aroon Purie-controlled India Today Group, TV Today Network is the corporate entity behind Aaj Tak and Headlines Today.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/mallika.jpg?itok=Ld06iORE
This special musical video follows Bani J tirade against trolls as a part of ‘Trolled’ series on RISE by TLC

After a power packed punch by Bani J to the misogynistic trollers, comedy sensation Mallika Dua is all set to fire back with her quirks and wits and show the internet hate its place. This will be the second short format music video under the ‘TROLLED’ series and will premiere on Rise by TLC, a...

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/partho.jpg?itok=P31SA2Dp
Sports dominated OOH viewership in April-May: BARC

Contributing more than half of the total TV viewership during the April-May period, the sports genre topped charts in Broadcast Audience Research Council (BARC) India's Out of Home (OOH) measurement report. Sports accounted for 70 per cent of viewership, while movies and music enjoyed 10 per cent...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/news18.jpg?itok=6c_jXK46
News18 Network launches multimedia campaign to strengthen its position

MUMBAI: News18 Network, has announced the launch of its mega campaign 18=1. The Network, which once comprised of channels such as CNN-IBN, ETV, IBN7 and IBN-Lokmat, recently consolidated all its general news channels under the News18 Brand. This has allowed the Network to develop one, seamless...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/brid.jpg?itok=KzqLd-H5
Guest column: TV Analytics on Colors Tamil

Viacom’s entry into a new regional market with channel Colors Tamil has made big news since its launch in February this year. With its sampling phase for content still running, the channel’s performance has a dynamic impact on the regional television landscape. We studied the key viewership...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/mukta.jpg?itok=ZHT0DMSs
Mukta A2 Cinemas launches the newly acquired SunCity Multiplex

Mukta A2 Cinemas, a well known chain of cinemas from the brand Mukta Arts Ltd, announces the launch of its new property SunCity Mukta A2 Cinemas, located at Vile Parle, Mumbai. The launch took place on 15th June 2018 and was celebrated with the release of this month’s most awaited action-drama,...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/poli.jpg?itok=gJTbftHf
Polimer TV, Gemini Movies make presence felt in BARC's week 23 data

MUMBAI:  Polimer TV, Tamil language satellite television channel and Gemini Movies, a Telugu movie channel of Sun Network, were the two new entrants in the Tamil and Telugu markets after BARC released its ratings for week 23. Star Jalsha and Zee Marathi topped their respective markets, while the...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/sunzee.jpg?itok=JVYTocjX
Sun TV, Zee Anmol almost neck-to-neck in across genres

BENGALURU: Zee Entertainment Enterprises Limited (Zeel) free to air (FTA) Hindi general entertainment channel (Hindi GEC) Zee Anmol entered the bastions held by either the Sun TV Network’s flagship Tamil GEC Sun TV or the channel that aired the Indian Premier League (IPL) in week 21 of 2018. Zee...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/13/eklection.jpg?itok=Nv1LuT-G
With four elections due, networks with regional news channels set to benefit

With four key assembly elections lined up towards the end of the year, India's regional news channels could be laughing their way to the bank. In a bid to maximize their revenues, channels are in the process of sprucing up their programming and hiking ad rates. iTV Network, Network18, Zee News...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/markand.jpg?itok=Qn1oGiTi
Markand Adhikari re-appointed by TV Vision as MD for three years

TV Vision has re-appointed Markand Adhikari as managing director of the company for next three years. The appointment is subject to approval from the members at the ensuing General Meeting of the company.

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories