March 2017



For the second quarter in a row, Hathway's revenue from 0.86 million broadband users exceeded its cable TV subscription income from 12.2 million STBs!

Broadband revenue for the quarter ended 31 December 2016 was Rs. 127.8 crore, versus Rs. 114.1 Crore for Cable TV subscription revenue.

0.4 million STBs were deployed during the quarter. The MSO has deployed a total of 12.2 million STBs, covering 92% of its subscribers. Phase 3 accounts for 6 million Hathway STBs.

The MSO's net loss increased 10% to Rs. 44.4 crore.

Placement revenue was up 8% QoQ to Rs. 70.4 crore. Activation revenue was up 4% to Rs. 21 crore. Total income rose 5% to Rs. 337.6 crore. Pay channel cost remained flat at Rs. 104.3 crore.

Hathway's 0.86 M B'band Users Yielded Higher Income Than 12.2 M STBs!

CATV ARPU (excluding taxes) for Phases I, II and III stood at Rs. 105, Rs. 95 & Rs. 45 respectively. The Phase II and III ARPU grew 6% and 50% respectively over the previous quarter.

Hathway has 0.86 million broadband subs, from 4.1 million homes passed. 40,000 broadband subscribers were added in the quarter.

Standalone broadband ARPU remained flat at Rs. 740 during the quarter.

Hathway's GPON networks have been operational in Bangalore, Kolkata and Delhi with Chennai added this quarter, with 1 lakh GPON homes passed in Chennai by March 2017.

The GPON network supports 1 Gbps speed, offering consumers 50 M b p s / 1 0 0 Mbps/150 Mbps packages.

Hathway plans to spin off its less profitable Cable TV business to a wholly owned subsidiary 'Hathway Datacom Central' by way of slump sale. The parent company will hold the broadband business.


R e l i a n c e Industries o w n e d TV18 has managed to extend its brand licensing agreement with CNBC Asia to continue using the CNBC brand and content for until 31 March 2028. TV18 owns and operates 4 CNBC branded business news channels: CNBC TV18, CNBC Awaaz, CNBC Bajar, & CNBC TV18 Prime HD.

The current contract expires end March 2018.

Recently, TV-18 also renewed its contract with CNN, after a tough negotiation and standoff. Its CNN-IBN was rebranded CNN News18.

While latest data is not available, TV18 had paid Rs. 20.31 crore (FY ended March 2014) in royalty for using brands like CNN & CNBC.


Nielsen has completed its $560 million acquisition of media and entertainment metadata provider Gracenote from the Tribune Media Company.

Gracenote provides reference information for over 12 million movie and television listings and 200 million music tracks, driving the interfaces of the major streaming digital media services, as well as the infotainment systems in over 75 million automobiles.

Gracenote will provide Nielsen deeper analytics on consumer behaviour and insights on audience engagement from discovery to consumption.

Gracenote will operate as a business unit within Nielsen's Watch segment. The company will be referred to as "Gracenote, a Nielsen company" & will continue to operate from its headquarters in Emeryville, California.


Finance Minister Arun Jaitley has hiked grants to the I&B ministry for FY 2017-18 by 5.96% to Rs. 4,409 Crore.

The largest grant (Rs. 3,374.70 Crore), will be spent on broadcasting. Doordarshan's share is Rs. 2,996 crore, up from this year's Rs. 2,766 crore. Grants-in-aid for DD is Rs. 350 crore, down from Rs. 390 crore this year.

Rs. 23 Crore (Rs. 30 Cr last year) has been allocated for strengthening broadcasting activities i.e. Community Radio (Rs. 4 Crore), Electronic Media Centre (Rs. 12 Crore), Mission Digitisation (Rs. 5 Crore) & automation in broadcasting (Rs. 2 Crore).


Indian law severely restricts FDI in print media to only 26% against 49% permitted in TV. As a result, Zee Media Corporation Ltd (ZMCL) is spinning off its print media business into a separate listed company - Diligent Media Corporation Ltd (DMCL). Zee Media shareholders will receive 1 equity share of DMCL for every 4 equity shares of Zee Media.

ZMCL's print business is spread over 3 companies: DMCL, Mediavest (DMCL's holding company) and PriMedia, which is into printing newspapers, periodicals, financial statements, magazines, annual reports, books and others on job work basis. Mediavest and PriMedia are proposed to be merged with DMCL to create a consolidated entity for the print business.

The print media business accounted for 19.96% (Rs. 108.36 crore) of ZMCL's 2016 turnover.

In the first 9 months of FY17, the print media EBITDA loss shot up to Rs. 18.85 crore from Rs. 5.34 crore a year ago.


Siti Networks Limited (Siti) reported 40% growth in subscription revenue for the 9 month period ended 31 December 2016, to Rs. 408.

To enhance the collections from 1 million consumers in 60 locations, Siti has shifted to prepaid billing in Maharashtra, Madhya Pradesh, Chhattisgarh, Rajasthan, Karnataka & Uttar Pradesh.

Siti's broadband customer base grew to 2.13 lakh by end Q3- 17. It has introduced new plans in Delhi and Haryana & expects to roll out high speed DOCSIS 2 and 3 Broadband Services in 5 locations by Q1-18.

Since the launch of SITIDITTO OTT services, the company says its OTT customer base has grown to 31,000 subscribers & is exploring options with other OTT players.

SUN TV Q3 UP 11%

Kalanithi Maranpromoted Sun TV Network has reported a 10.98% increase in net profit to Rs. 240 Crore for the quarter ended 31 December 2016.

Total income was higher by 4% at Rs. 628.36 crore.

Subscription revenue was up 17 % to Rs. 241.94 crore.

Ad revenue was not disclosed.

Sun TV declared an interim dividend of 100% for the financial year 2016-17.


The TDSAT has instructed Ortel Communications to pay Rs. 2 crore immediately to ZEEL, to recommence signals from of ZEEL, Zee Media & Turner International.

Ortel counsel Navin Chawla in his submissions admitted that Rs. 25.37 lakh requires reconciliation. Ortel agreed to pay the balance of Rs. 6.45 crore in 4 tranches: Rs. 2 crore immediately, Rs. 50 lakh by the end Feb, Rs. 1.5 crore by 31 March & the remaining Rs. 2.45 crore on 30 April. n