Zee News Ltd Q3 ad rev strong, no big fall in carriage fee

MUMBAI: A double-digit ad revenue growth has helped Zee News Ltd (ZNL) put up a performance better than the market expectations in the festive quarter but a top executive of the company cautioned that a significant turnaround in spending by advertisers is yet to be visible.

The carriage payout to cable networks has only marginally dropped in the digitised markets and subscription growth has been subdued.

ZNL’s ad revenue rose 14.8 per cent to Rs 595.6 million in the fiscal-third quarter from Rs 518.8 million a year earlier, despite a ‘significant opportunity’ loss in terms of advertising revenues from the government.

"There was a better utilisation of ad inventory during the festival season and we also offered branding and event-based solutions to advertisers. But this is not to say that the ad slowdown has lifted and there is a big turnaround. We will outperform the market which is growing in single digit," ZNL chief executive officer Alok Agrawal told

ZNL‘s ad revenue growth for the full-fiscal will be in single digit. TV news broadcasters have been fighting the government on ad rates and are not accepting DAVP (Directorate of Audio Visual Publication) advertising. "The standoff continues and NBA (News Broadcasters Association) members are not carrying DAVP ads," said Agrawal.

ZNL posted a 14.2 per cent growth in net profit to Rs 185.5 million in the third quarter ended 31 December from Rs 162.5 million a year earlier.Its operating profit (Ebidta) in the third quarter stood at Rs 196.7 million against Rs 189.7 million in the corresponding period of the previous fiscal.

The news broadcaster, which has seven channels in its portfolio, reported consolidated revenues of Rs 858.4 million in the third quarter, an increase of 10.1 per cent from Rs 779.7 million a year ago.

Subscription revenue stood at Rs 222 million, down 0.3 per cent from the previous quarter, and up 15.2 per cent from the earlier-year period.

Operating expenditure jumped 12.2 per cent to Rs 661.7 million due to increase in employee costs and other expenses.

Carriage fee has only fallen marginally in the digitised markets. "There has been no significant reduction in carriage fee in the completely digitised markets of Delhi and Mumbai. It has not definitely gone as per the plans of the news broadcasters," said Agrawal.

Latest Reads
Star World to air 1-5 of 'Homeland'

Star World and Star World HD is all geared up to air the pulse-pounding action series 'Homeland.' The show tackles geopolitical moral conundrums of our current world. It has recently unveiled the teaser for the upcoming season 6 shows how Carrie Mathison will circumvent around another international...

Television TV Channels English Entertainment
Share all World Cup, T-20 feeds with Prasar Bharati, rights holder told

The telecast of all official one-day and Twenty-20 matches played by the Indian Men’s Cricket Team will henceforth have to be shared by the rights holder with the public broadcaster Prasar Bharati under the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act 2007.

Television TV Channels Terrestrial
Saregama returns to film music acquisition with Pen pact

Saregama India has inked a two-movie deal with Pen Movies. With this agreement, Saregama has acquired the music rights of upcoming Bollywood releases of Pen which includes Kahaani 2 -- Durga Rani Singh, featuring Vidya Balan and Arjun Rampal.Kahaani 2 is slated for a release on 2 December.

Television TV Channels Music and Youth
Q2-17: Zeel numbers, PAT up on higher Ad and Subscription revenue

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 23 per cent hike in consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year.

Television TV Channels GECs
Best Deal TV appoints Hari Trivedi as COO

MUMBAI: Best Deal TV has appointed Hari Trivedi as the chief operating officer with immediate effect. Based in Mumbai, Trivedi will be responsible for overall sales and marketing. He would also be initializing lowest price offers and deals on Best Deal TV.

Television TV Channels People
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports
Q3-16: DIRECTV mitigates AT&T U-Verse TV subscriber numbers fall

BENGALURU: AT&T acquired DIRECTV added 323,000 net subscribers and hence helped mitigate the company’s Entertainment and Internet Services Group (Entertainment) segment’s loss of 326,000 U-Verse subscribers for the quarter ended 30 September 2016 (Q3-16, current quarter). About 70 percent of...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories