A joint study by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG estimated that the media and entertainment industry will grow at 12.5 percent over the next five years to cross the Rs 1,00,000-crore mark by 2013. The report showed that it grew 15 percent annually since 2006 into an $11.68-billion industry in
2008.
The Study says: "In many ways, 2008 was a testing time for the industry. With the global economic slowdown affecting advertising spends, sectors like TV, print, radio and outdoor that depend on advertising revenues were affected."
Taipei - Hong Kong's English-language daily the South China Morning Post plans to launch a bilingual newspaper in Taiwan in response to growing ties between China and Taiwan, a newspaper said on Sunday.
According to the Economic Daily News, the South China Morning Post plans to hire several economic and finance experts as it prepares to launch a Taiwan edition.
In a significant move, Sri Lanka Cricket has announced that it has granted the worldwide rights to broadcast India's upcoming cricket tour of Sri Lanka to the Nimbus Sports International. The Singapore-headquartered global sports management company will also be producing the television coverage for the series which will be broadcast worldwide. Neo Cricket will air these matches.
Media and entertainment firm Zee Entertainment Enterprises (ZEEL) has announced financial results for the third quarter ended December 2008 reporting 26% decline in its consolidated net profit, which stood at Rs 83.97 crore, as against Rs 113.47 crore for the same quarter, a year ago.
Rising input costs and a slowdown in its advertising revenue growth adversely hit the company’s business for the reporting quarter leading to significant decline in revenue and net profit.
Stock market analysts have maintained ‘buy’ rating on Entertainment Network stock with a short term target of Rs 191.
The investors can achieve the said target within a period of 4-5 weeks. So they are advised not to sell the stock before achieving this price target.
According to analysts, interested investors can purchase the stock on declines with a stop loss of Rs 163. If the stock market remains positive in the coming days, the next target for the stock will be above Rs 197.
Due to the non-payment of overdue amount of Rs 8.05 crore, a lender bank has taken possession of assets of Jagran Prakashan Private Ltd, publisher of Indore edition of leading Hindi newspaper, Dainik Jagran.
During the last month alone, the company’s stock lost nearly 20 per cent.
The assets of the company were taken by the bank on January 14 under Section 13 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
A joint study by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG estimated that the media and entertainment industry will grow at 12.5 percent over the next five years to cross the Rs 1,00,000-crore mark by 2013. The report showed that it grew 15 percent annually since 2006 into an $11.68-billion industry in 
Taipei - Hong Kong's English-language daily the South China Morning Post plans to launch a bilingual newspaper in Taiwan in response to growing ties between China and Taiwan, a newspaper said on Sunday.
In a significant move, Sri Lanka Cricket has announced that it has granted the worldwide rights to broadcast India's upcoming cricket tour of Sri Lanka to the Nimbus Sports International. The Singapore-headquartered global sports management company will also be producing the television coverage for the series which will be broadcast worldwide. Neo Cricket will air these matches. 
Media and entertainment firm Zee Entertainment Enterprises (ZEEL) has announced financial results for the third quarter ended December 2008 reporting 26% decline in its consolidated net profit, which stood at Rs 83.97 crore, as against Rs 113.47 crore for the same quarter, a year ago.
Stock market analysts have maintained ‘buy’ rating on Entertainment Network stock with a short term target of Rs 191. 
Due to the non-payment of overdue amount of Rs 8.05 crore, a lender bank has taken possession of assets of Jagran Prakashan Private Ltd, publisher of Indore edition of leading Hindi newspaper, Dainik Jagran.
