Media Sector

Reliance Mediaworks' image-processing technique bags Oscar

Reliance Mediaworks' image-processing technique bags OscarNew Delhi, Jan 9 - Members of Reliance Mediaworks' Global Imaging Technology Centre will receive the prestigious Academy plaques at the Academy of Motion Picture Arts and Sciences's Scientific and Technical Awards 2012, to be held Feb 11.

The technique for which the award is being given is for the development of "Lowry Process" -- a system for the reduction of noise and other disturbances, thereby providing high quality images required by the filmmaking process.

Publicis Groupe to expand presence in India

The Chief Operating Officer of the Publicis Groupe, which is the world's third-largest advertising network has said that the company will expand its presence in India by investing in all the areas it has presence in the country's advertising market.

"As a market, India is growing in double digits. We want to accelerate the pace with the help of organic and inorganic measures," said Jean-Yves Naouri, COO at Publicis Groupe.

The Indian advertising market is very competitive and is led by WPP, ahead of IPG, Publicis and Omnicom. The indications of expansion come at a time when its main rival, Omnicom is in the process of expanding its presence in India.

B Saikumar becomes new CEO of Network18 group

B Saikumar becomes new CEO of Network18 group Indian digital media house, the Network18 Media & Investments has announced that it has appointed B Saikumar as the new chief executive officer (CEO) of the conglomerate.

B Saikumar, who has been working as the COO of the Network18 Group, will also join the boards of Viacom18 and Homeshop18 and will report to Raghav Bahl, who I the founder of the Rs 2,500 crore media giant.

Zee Entertainment records 26.7% rise in its consolidated net profit

Zee Entertainment records 26.7% rise in its consolidated net profit Zee Entertainment Enterprises has reported an increase of 26.7% rise in its consolidated net profit for the second quarter ending September due to increased subscriptions and lower costs.

The consolidated net profit in the quarter rose to Rs160 crore compared to Rs126.3 crore in the same period last year. The company's consolidated revenues stood at Rs718.4 crore and its earnings before interest, tax, depreciation and amortisation (Ebitda) margins was recorded at 28.9%.

Broadcasters will be consulted on new TV guidelines Soni

Broadcasters will be consulted on new TV guidelines: SoniNew Delhi, Oct 10 - With the government's decision to recast policy guidelines for TV channels sparking outrage, Information and Broadcasting Minister Ambika Soni Monday assured broadcasters her ministry will hold discussions with them to allay their apprehensions.

"We will be holding discussions with broadcasters' bodies," Soni told reporters here, adding that the government would prefer self-regulation by broadcasters.

Hindustan Times Commences Mission Fitter Mumbai

Hindustan Times Commences Mission Fitter MumbaiAccording to reports, the Hindustan Times has, once again, proved its competence among its potential readers, as the newspaper recently announced that they have launched a new innovative mission Fitter Mumbai.

However, giving a detailed history about the journal’s achievements, the reports accounted that from past six years, with its exceptional journalism tactics, it has been gradually convening a positive change among the city’s people.

Madras Court in Favor of The Hindu’s Editor-in-Chief

Madras high court The Hindu’s Editor-in-Chief has been given clean chit by the Madras High Court. During a telephonic interview, Hindu’s Editor-in-Chief Ram said, “We are happy about the order that vindicates our position”.

Ram has been in news since May when he moved to Madras high court against CLB. CLB is a part-judicial body which acts as an umpire in corporate disputes. On 20th May, the CLB asked The Hindu to change its tradition of posting family members to the editorial post. The dispute was actually raised between the two groups of the board of The Hindu’s publishers Kasturi and Sons Ltd and Ram.

UTV Posts New Interactive Jukebox on YouTube

UTV Posts New Interactive Jukebox on YouTubeIn an attempt to capitalize on the huge popularity of the eclectic music of Delhi Belly, UTV Interactive digital channel of India has posted a unique karaoke jukebox feature on YouTube.

UTV Interactive, the digital arm of UTV Software Communications LTD, is the first to launch this brand new innovation, which is sure to delight current and future users.

India Still Hopes for Gold Medal at Cannes Lions Festival

Cannes-Lions-FestivalIndia has yet to get their hands on a gold medal from the Cannes Lions Festival 2011. It was the 58th International festival of Creativity and Indian PR groups took home two silver and one bronze metal. BBDO brought home two silvers in the PR Lions category.

Zee Entertainment Intraday Buy Call

Zee Entertainment Intraday Buy CallTechnical analyst Sudarshan Sukhani has maintained 'buy' rating on Zee Entertainment Enterprises Ltd (ZEEL) stock to attain a target of Rs 143.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 132.

The stock of the company, on May 02, closed at Rs 136.35 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 6.21 and 21.87 respectively.

The share price has seen a 52-week high of Rs 163 and a low of Rs 109.20 on BSE.

Tata Teleservices has Rs.80 crore net profit in 2010-11

Tata TeleservicesMumbai, April 26 : Telecom service provider Tata Teleservices (Maharashtra) Ltd. (TTML) Tuesday reported a radical turnaround, saying it earned a net profit of Rs. 80 crore for the 2010-11 fiscal year ended March 31 against a net loss of Rs. 318 crore suffered in the fiscal before 2009-10.

The total sales of the company stood at Rs. 3,168.43 crore during the period under review as against Rs. 2,277.78 crore during the year ago period, the company said in a regulatory filing.

IPRA-GC Conference begins in Abu Dhabi

The 2011 International Public Relations Association Gulf Chapter (IPRA-GC) Conference stated at The Yas Hotel, Abu Dhabi today with participation of a large number of delegates belonging to regional and global media.

Tim Sebastian, former BBC journalist and founder of the internationally renowned Doha Debates delivered the keynote address of the conference titled "Reputation Management: Emerging Trends, Changing Dynamics."

Buy Jagran Prakashan With Target Of Rs 165

JAGRAN PRAKASHANWe like JPL for its its leadership position in UP (the largest print market in terms of readership and print ad value), strong position in growing regions like Bihar and Jharkhand, better cost efficiency, phased and planned expansion into other forms of media businesses, and a wider portfolio (including Mid-Day). 9MFY11 business growth (20% ad growth) strengthens our belief that it is well poised to benefit from steady growth in the print media sector.

Robust ad growth of 18% CAGR FY10-FY12E coupled with margin enhancement would drive overall growth for the company;

Buy Hindustan Times Ventures With Target Of Rs 163

HINDUSTAN TIMES MEDIA LTD.A play on Hindi, English and other emerging media HT media (HTML) offers a play on both the Hindi and English print media businesses. It has presences in other emerging media businesses like Radio, job portals etc. 'Hindustan Times' enjoys second position amongst the English dailies with readership base of 3.5mn (IRS Q3FY10). We believe, HT media is uniquely placed to capture growth opportunities across the media platforms - Hindi print, English print, Radio and Internet portals. We expect English ad revenue to post 11% CAGR during FY10-12E and circulation revenue to grow at 2% CAGR during FY10-12E.

Buy Hindustan Media Ventures With Target Of Rs 200

HINDUSTAN MEDIA VENTURES LTD.Hindustan Media Ventures Ltd. (HMVL) is the fastest-growing Hindi news daily with readership base growth of 18.5% (2007-10) and ad revenue growth of 33% during FY07-10. Its aggressive approach has enabled it to move from the sixth position (2005) to third largest in terms of readership (2009). HMVL has a dominant position in Bihar (readership of 4.5mn in Q3FY10 - IRS), is strong in Delhi NCR (No. 2 player), and is gaining strength in UP/Uttarakhand; IRS data suggests that during 2007-10, HMVL grew 15.2% while Jagran Prakashan declined 2% and Amar Ujala grew only 2.5%.

Buy Jagran Prakashan With Target Of Rs 165

JAGRAN PRAKASHAN LTDNumero Uno in UP, the largest print market Jagran Prakashan's (JPL) key strength is its leading position in the UP market with a 49% share in total readership. It leads by 37% in readership vs. its closest competitor. UP is the largest Hindi print market with a readership base of 19.6mn (28% of total Hindi readership in India) and Hindi ad print share of 31% of the total market of ~ Rs2.6bn. UP recorded economic growth at 11% over FY04-08. We believe JPL will continue to be the undisputed leader in the buoyant state, capitalizing on accelerated growth opportunities.

Buy Dainik Bhaskar With Target Of Rs 62

DAINIK BHASKAR CORPORATION LTDStrong earnings and profitability on aggressive expansion DB Corp Limited (DBCL) continues to expand aggressively, which would enable it to achieve strong growth in earnings and profitability; currently, the emerging editions contribute 10% to the company's total revenue. Expansion in Jharkhand would be completed with the launch of Dhanbad and Jamshedpur editions by end-FY11. The Bihar edition will be launched in FY12. Moreover, the company would be setting up around 9-10 new printing centres in its existing territories of Rajasthan, Punjab, Madhya Pradesh and Gujarat.

Jagran Prakashan Ltd Result Review by PINC Research

Jagran Prakashan Ltd Result Review by PINC ResearchJagran Prakashan (JPL) delivered strong growth as expected – top-line grew by 26%YoY, led by advertisement growth of 31%YoY to Rs1.95bn (in line with our estimate) and circulation revenue growth of 7.2%YoY to Rs570mn. Event and outdoor business grew by 20%YoY (10% of total sales).

Strong ad growth of 31% in line with the estimate

Rival media groups unhappy with divestment of Sky News

sky-newsThere is news that the government is trying to accelerate the process of divestment of Sky News. And this is being done by accelerating the plans of British Sky Broadcasting to sell its stake.

Rival media groups have shown their unacceptability and have said in a statement sent to Jeremy Hunt, the culture secretary that the step is totally unfair and against them.

The letter was sent to the minister by Slaughter and May, the solicitors representing BT, the Guardian Media Group, Daily Mail and General Trust, Trinity Mirror and the Telegraph Media Group. He received it yesterday night and since then a lot of hullaballo is occurring across the news.

Hindustan Media Ventures Result Review by PINC Research

Hindustan Media Ventures Result Review by PINC ResearchHindustan Media Ventures (HMVL) top-line grew by 28% YoY to Rs1.3bn where in the Ad revenue (72% of total revenue) grew by 35% YoY and sequentially by 3% to Rs945 mn. Circulation revenue registered QoQ growth of 6% to Rs306mn. Operating margins stood at 14.1%, sequential drop of 30bps mainly because of hardening newsprint prices and heightened advertisement & sales expenses.

Lower than expected ad revenue growth

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