Regulators

Fever FM revenue up but HT Media revenue shrinks

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/10/25/Shobhana_Bhartia.jpg?itok=44prqvHV

BENGALURU: Indian media group HT Media Limited (HT Media) reported a drop in consolidated revenues and increase in consolidated profits for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). The company reported 11.2 percent y-o-y drop in consolidated total income at Rs 6,041.3 million in Q2-18 as compared to Rs 6,802.3 million. Net profit after tax, however, more than doubled (up 2.14 times) y-o-y to Rs 662.2 million in the current quarter as compared to Rs 309.3 million.

HT Media has four segments-Printing and Publishing of Newspapers & Periodicals (Printing); Radio Broadcast & Entertainment (Radio); Digital; and Multimedia Content Management (Multimedia). The y-o-y drop in revenue was mainly due to drop in revenues of the company’s printing segment.

The company reported an 18.4 percent increase in revenue for its radio segment that operates radio stations under the brand Fever FM for the current quarter. HT Media’s radio segment reported an operating profit of Rs 26.2 million as compared to an operating loss of Rs 3.3 million in Q2-17. HT Media, in its investor presentation for the current quarter, informed that its radio business continued robust growth and increase in profit margins. It says further there was revenue growth in core stations, while new stations continued to perform adding to top line in a profitable manner and that synergies in costs had brought in margin expansion.

Printing segment revenue declined 5.9 percent y-o-y in Q2-18 to Rs 4,948.9 million from Rs 5,259.5 million in Q2-17. Printing segment operating profit more than doubled (2.25 times) to Rs 1,048.8 million in Q2-18 as compared to Rs 467.2 million in Q2-17. HT Media’s digital segment revenue declined 9.5 percent to Rs 337 million from Rs 372.5 million. Digital segment reported an operating loss of Rs 116.2 million in the current quarter as compared to an operating loss of Rs 128.6 million in Q2-17.

HT Media’s Multimedia segment reported operating revenue of Rs 444.6 million and an operating profit of Rs 8.5 million. The Multimedia segment had revenue of Rs 473.4 million in Q1-18 and an operating profit of Rs 2.9 million.

HT Media chairperson and editorial director Shobhana Bhartia said, “Advertising revenue growth continues to be a challenge in our coreprint business, with this quarter witnessing high level of uncertainty across industries on account of GST implementation. Our radio business continues to do well. New radio stations are generating revenue and the entire radio business witnessed an increase in operating profits. While advertising revenue in print has been soft, operating profits continue to grow steadily on the back of strong cost management and aided by favourable currency and commodity rates.”

“GST is expected to stabilise soon which should lead to a better macroeconomic environment and result in higher advertising spends. With growth coming back to core business, we hope to deliver better results to our shareholders,” added Bhartia.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/trai-20dec.jpg?itok=Rxqy0Edm
TRAI extends dates for comments on uplinking/downlinking consultation paper

The Telecom Regulatory Authority of India (TRAI) has extended the deadline for receiving comments on the consultation paper relating to uplinking and downlinking of TV channels. The new dates for receiving comments and counter-comments are 31 January and 10 February respectively.

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/12/trai.jpg?itok=tS23FIiv
TRAI invites ICT-based solution providers to upgrade tech

NEW DELHI: With the demand for a wide range of services based on ICT platform involving machine-to-machine and internet of things, etc. increasing, Indian broadcast and telecom regulator TRAI is looking at expanding its technical capabilities and, in this regard, has invited proposals from...

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/04/mib.jpg?itok=S-v5ed9U
MIB mandates broadcasters to make applications via Broadcast Seva

MUMBAI: In its latest move to ensure ease of conducting business, the Ministry of Information and Broadcasting (MIB) has mandated TV broadcasters to make online applications for a range of submissions.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/03/trai1-800x800%20%281%29_0.jpg?itok=gMY5FTwM
TRAI releases paper on National Telecom Policy 2018

Seeking views from stakeholders on the new telecom policy, the Telecom Regulatory Authority of India (TRAI) today released a consultation paper on inputs for formulation of the National Telecom Policy 2018.

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/03/Trai800.jpg?itok=-KZ9NyUX
TRAI tightens the screws on interconnectivity for telcos

The Telecom Regulatory Authority of India (TRAI) has issued a mandate to service providers directing them to enter into an interconnection agreement on a “non-discriminatory basis” within 30 days of receiving a connectivity request from another mobile operator.

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/02/MIB-2-Story.jpg?itok=Hre6LDT0
Cross-media holding: Indian policymakers push for regulations

A section of policymakers in India is not in favour of market forces taking care of monopolistic trends in the increasingly converging print and electronic media. It has recommended government intervention—a thought-process that can have wide-ranging implications on activities of broadcasting...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/02/trai.jpg?itok=_KZtIu7C
Parliamentary panel pushes for TRAI's empowerment

MUMBAI: Parliament’s Standing Committee on Information Technology and Communications (SCIT) wants more regulations for the broadcast industry. Finding the current powers given to the Telecom Regulatory Authority of India (TRAI) inadequate, it has recommended that either the scope of its authority...

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/31/MIB-800x800.jpg?itok=0xqKD4JW
Parliamentary panel raps MIB on knuckles for DAS implementation

MUMBAI: The Parliament’s Standing Committee on Information Technology and Communications (SCIT) has sent out a stern message to the stakeholders of India’s broadcast and cable industry, including the Ministry of Information and Broadcasting (MIB): get your acts together.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/30/net.jpg?itok=zlU6FSLD
Bharat Net project to provide 1gbps broadband bandwidth in villages

NEW DELHI/MUMBAI: The Indian government’s proposal of providing hi-speed broadband services to rural areas seems to be on track. It said that in the second phase of the ambitious Bharat Net project, covering approximately 150,000 gram panchayats, it has been proposed to provide 1gbps bandwidth in...

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories