Hindustan Times group to bid for IPL team

Hindustan Media Ventures, the HT Media subsidiary that runs Hindustan — one of India’s largest newspapers — said it has decided to bid for an IPL team in the ongoing auctions. With this, Hindustan Media Ventures joins a longish list of companies interested in owning the two new franchises. Companies who win the auction will […]

HT Media group’s ad-for-equity portfolio crosses Rs 500 cr

The Hindustan Times group, which runs a similarly named English newspaper and the Hindi daily Hindustan, said its total investment in various companies under its ‘ad for equity’ scheme has crossed the Rs 500 cr mark. Most large media houses in India offer a fixed amount of ad inventory in return for equity of the […]

Hindustan Media Ventures posts first profit growth after COVID-19

Hindustan Media Ventures Ltd, the publisher of popular Hindi newspaper Hindustan, revealed a financial performance that suggest that the company is bouncing back faster than expectations. In what could come as a surprise to many analysts, the company’s net profit for the Oct-Dec 2020 period was in fact higher than its net profit for the […]

Festival season fails to cheer HT Media results

HT Media, one of India’s top English-language news publishers, continued to report falling revenue and profits, even as the expected boost from a delayed festival season failed to materialize. The company reported a 2.5% year-on-year decline in its revenue for the Oct-Dec quarter, while operating profit (EBITDA) plunged 57%. Revenue came in at Rs 665 […]

Advertising environment ‘soft’ – HT Media

HT Media, which publishes English newspaper Hindustan Times and Hindi newspaper Hindustan, blamed poor advertiser sentiment for its second quarter results. The company’s July-September revenue had fallen by 6% even as costs rose, pushing it to a rare loss of Rs 19 cr before non-cash, non-operating items (operating profit or EBITDA). The company had seen […]

HT Media print ad sales down 7% YoY, 6.5% QoQ

HT Media, the publisher of Hindustan Times and Mint newspapers, reported disappointing advertisement sales for the Apr-Jun quarter, and said corporations were not spending on ads due to poor earnings growth. The company generated only Rs 221 cr during the three months from advertisement sales at its English newspapers Hindustan Times and Mint, a decline […]

Hindustan Media Ventures profit down 73% as sales slide

Hindustan Media Ventures, which publishes Hindustan – the Hindi newspaper from the Hindustan Times Group, showed no signs of a recovery in its business as print media continued to grapple from the impact of rising internet penetration. Net profit fell 73% on year to Rs 13.2 cr, even as profit before exception items and tax […]

HT Media to invest Rs 400 cr in Fever 104 FM

HT Media, the company that publishes the Hindustan Times newspaper, said it obtained approval from its board of directors to invest another Rs 400 cr into its FM business. The company operates ‘Fever 104’ FM stations in over a dozen cities in India. However, it is dwarfed by competitors like Radio Mirchi from the Times […]