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 […]

ICRA says TV broadcasters improving faster than expected

Credit rating agency ICRA has revised its revenue target for the TV broadcasting sector in India due to a faster than expected bounce-back in advertisement revenue and strong growth in subscription incomes. The ratings company, however, kept its forecast for the print industry unchanged, predicting a decline of 30% for the ongoing financial year. BROADCAST […]

Hindustan Media Ventures posts smart increase in profit

Hindustan Media Ventures Ltd, home to the Hindi language publications of HT Media Ltd, reported a sharp increase in its profit thanks to a substantial fall in its newsprint costs. The company’s net profit jumped to Rs 39.67 cr for the three months ended June, up from just Rs 13.20 cr in the same period […]

Jagran Prakashan Q2: Cost management better than at rival DB Corp

Following the trend seen in other newspaper stocks, Jagran Prakashan — which publishes India’s largest circulated daily — reported a sharp decline in its profits for the second quarter. However, the company was able to better manage rising input costs compared to its rival DB Corp on a sequential basis. Like in case of DB […]

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 […]

DB Corp advertising sales down 6% in Oct-Dec

North Indian newspaper publisher DB Corp reported disappointing results for the third quarter as its key revenue sources, advertising, saw a abnormal decline during the quarter. Revenue from print advertisements declined by 5.8% despite the comparison being with a quarter that was ravaged by demonetization. Print advertising revenue fell to Rs 378 cr from 401 […]

Hindustan Media Ventures reports 5% ad revenue growth

Hindustan Media Ventures, the publisher of Hindustan daily, reported a 12% jump in net profit for the third quarter due to ongoing cost cutting measures. On a positive note, advertising revenue increased by Rs 8 cr, or 5%, on year during the third quarter to Rs 177 cr. However, the comparison was with a weak […]

TV Today to merge Mail Today with itself for synergy

Broadcasting company TV Today Network said it has decided to write off nearly Rs 273 cr of accumulated losses at its Mail Today newspaper business and merge it with the parent company for better synergies. TV Today Network runs one of India’s most popular television network, including the channels India Today and Aaj Tak. The […]

Times Group introduces ‘exclusive’ content online for subscribers

Times Group, India’s largest media group, has taken a step towards what may eventually be a paid model for online news by introducing ‘exclusive’ content for registered users. For now, registration and membership is free. Users can sign in using their Facebook or Google IDs, without having to type a single word. PAID MODEL? The move […]

DB Corp launches Hind daily Dainik Bhaskar in Surat

DB Corp has launched its Dainik Bhaskar Hindi daily in Surat, eyeing a large-Hindi speaking population in the city. The company said there are around 28 lakh Hindi speakers in Surat, the diamond capital of India. “Our intensive on-ground study revealed exciting prospects amongst Surat’s non-Gujarati speaking, multicultural, industrialised households who have migrated from neighbouring […]

DNA newspaper gets new editor, to expand operations

Zee Media Corporation said Rohit Gandhi, who is heading the group’s English News Channel – WION as Editor-in-chief, will additionally take over the role of Editor-in-Chief of DNA newspaper. Gandhi said DNA will looking at expanding its operations. The paper does not publish from Delhi. “We are moving to expand our coverage and the editions of […]