Television

Prasar Bharati: Government mulls capital restructuring

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/25/Prasar%20Bharati1_0.jpg?itok=khwbZB_v

NEW DELHI: The government is studying various options, including holding equity against asset, which will facilitate a capital restructuring of the financially beleaguered pubcaster Prasar Bharati or Broadcasting Corporation of India.

A committee is looking into the matter that will go a long way in making Prasar Bharati a truly autonomous organisation on the lines of the BBC, information and broadcasting minister Jaipal Reddy today said on the sidelines of the two-day Economic Editors Conference being held here.

Though Reddy did not hand out much details on the financial rejig of the pubcaster, a senior official of his ministry pointed out that the committee would look at options keeping in mind the financial projections that have been made by the pubcaster for a period of 10 years.

At the outset, a balance sheet (of Prasar Bharati) is to be prepared that will tell us how a restructuring can be done and the options that could be exercised by the government,the official explained, pointing out a step in that direction has been taken already.

Earlier this year, for the first time Prasar Bharati came out with a profit and loss account on the lines of annual reports of companies, detailing its activities and businesses.

The government funds Prasar Bharati by extending annual grant-in-aid. A proposal to revive levying a one-time licence fee on radio and TV sets, as done in the UK to aid the BBC, hasnt found many backers.

According to the I&B ministry official, after a stock taking is done of Prasar Bharati, including its human and other assets (excluding software), the options for a restructuring could include transferring of real estate assets to the pubcaster in a cashless deal.

It has to be seen which is the best option for a financial restructuring. This could include transferring of assets to Prasar Bharati on long-term lease or permanently, the official said, pointing out that loans, equity and subsidies could also be options.

But these are things that have to be considered after Prasar Bharatis assets are valued and then contrasted against projections made by the organisation,the official added.

Though there are various estimates of the value of real estate on which offices and facilities of Doordarshan and All India Radio (AIR) sit around the country --- some of them on prime land --- the Nitish Sengupta Committee had put a figure of Rs. 55 billion on it in the late 1990s at the then market rate. Since then land prices have gone up several notches.

The committee looking into the financial restructuring of Prasar Bharati is expected to submit its report to the government by next month.

Reddy, however, has ruled out repealing of the Prasar Bharati Act as demanded by a section of employees of the organisation in a letter to Prime Minister Manmohan Singh a couple of months back

Earlier, while listing the I&B ministrys achievements at the Economic Editors Conference, Reddy termed various initiatives, including the newly announced downlinking norms, in the direction of liberalisation and globalisation.

Speaking on mandatory sports content sharing with the Indian pubcaster by telecast rights holders, which has raised the heckles of many a private broadcaster, Reddy said, Its a milestone (decision).

Still, when Indiantelevision.com pointed out that such mandatory content sharing elsewhere, including the UK and Australia, dont get implemented with a retrospective effect (as done by the Indian government), Reddy preferred to keep quiet.

Asked what was the rationale behind restricting foreign news channels (like the BCC and CNN) landing rights in India if they aired content and advertising targeted at Indians, Reddy said a reason was to bring about uniformity in print and electronic media guidelines.

But he did not deny or confirm when it was pointed out to him that this was a measure that was more aimed at having control over foreign news media.

According to the minister, his department does not have a single static media policy.

Each media unit is functioning on two governing principles --- to provide access to information to both the government and private-owned media, while ensuring that socially accepted standards of decency and ethics are maintained.

Dwelling on an initiative relating to piracy, officials informed that I&B ministry had commissioned the Public Service Broadcasting Trust to produce a film regarding the effects of piracy in the film sector. The film, Fight Piracy Today, will be aired on Doordarshan soon.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/nd.jpg?itok=YM-bhHTo
NDTV 24X7 returns to top 5 in BARC week 48

NDTV 24X7 re-entered the top five of the English news genre in week 48 of BARC ratings. Aaj Tak yet again stood on top in all the three genres.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/trivago.jpg?itok=wfbO4AEk
Trivago most advertised in BARC week 48

Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands for the period between 24 November 2018 and 30 November 2018.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/kumkum.jpg?itok=pzRg5SSO
Zee Anmol leads GEC urban in BARC week 48

Zee TV climbed to the second position from fifth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 48 of 2018. Sony Pal and Star Utsav interchanged their second and third positions in the rural market. Star Plus and Zee TV...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/Sudhanshu-Vats.jpg?itok=GxlmKcXA
Transform by tackling moral dilemmas: Sudhanshu Vats

Media companies can no longer ask ‘if’ changes are happening. They are, there’s no doubt about it. But now it’s a question of how to respond. Addressing the CII Big Picture 2018 in New Delhi, Viacom18 group CEO and MD Sudhanshu Vats spoke on the topic of ‘Changing M&E landscape - from...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/07/zee.jpg?itok=aoMaGwbx
Zee Telugu Announces World Television Premiere of Shailaja Reddy Alludu starring Naga Chaitanya and Anu Emmanuel

Zee Telugu is here to infuse you with uncontrollable laughter and mind-blowing action with the premier of Super Hit Telugu movie Shailaja Reddy Alludu.

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/07/Prasar-Bharati.jpg?itok=6lZF8ytY
Prasar Bharati CEO on convergence and public b'casting

Prasar Bharati’s CEO Shashi Shekhar Vempati, while dwelling on convergence and its relevance to India’s pubcaster, opined that it was important to understand the changes happening in terms of media consumption and distribution to evolve and plan for the future ahead.  

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/06/dd.jpg?itok=tB6G59aR
Doordarshan launches new educational channel DD Roshini

Doordarshan has launched a new educational channel DD Roshini as part of Bruhat Bengaluru Mahanagara Palike’s (BBMP) project.

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/06/cii.jpg?itok=baar5LKJ
Media consumption in India growing @9% in last 6 years: CII-BCG report

The Indian media industry, experiencing disruptions, is witnessing an increase in consumption that has been facilitated by proliferation of broadband too and over the last six years has been growing at nine percent.

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/06/ryan.jpg?itok=-dNcF-MA
MTV’s Ryan Mendonca signs with BANG BANG as Director

Armed with over a decade of experience in the world of advertising, Mendonca started his filmmaking career at MTV

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories