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June 2019



Republic TV founder and Editor-in-Chief Arnab Goswami has bought back shares in ARG Outlier from BJP MP - Rajeev Chandrasekhar's Asianet News Media to become a fully editor-controlled company.

The buy-back price has not been disclosed. Chandrasekhar's Jupiter capital had invested ₹ 30 Crore in Republic TV.

The 2 companies invested in Republic TV are ARG Outlier Asianet News Pvt Ltd and SARG Media Holding Pvt Ltd.

Asianet News Media will continue to hold a minority share in the company.

Two-year-old Republic Media Network is valued at ₹ 1200 crore. It owns and operates 2 channels: Republic TV (English) and Republic Bharat (Hindi).

The company, based in Mumbai, has not announced any plans for an IPO so far.


India has agreed to USA's demand to reduce import duties on telecom equipment, including mobile phones.

According to sources, Commerce and Industry Minister Suresh Prabhu told US Commerce Secretary Wilbur Ross that the 20% duty on IT products would be cut, in line with WTO guidelines.

India also assured the US that certain changes to the draft ecommerce policy would be made. The US feels the draft policy restricts entry of foreign corporates and raises the cost of business of US companies through forced server localisation.


The Walt Disney Co reported Q2 revenue of $14.92 billion, up 3% from a year ago. the results include just 11 days ownership of 21st Century Fox.

Disney's focus ahead will be on its direct-to-consumer & international revenues, which grew 15% but operating loss more than doubled to $393 million.


Indian Premier League (IPL) 2019 is reported to have fetched Star India ad revenues of more than ₹ 2,000 crore, slightly more than the ₹ 1800-2,000 crore earned in 2018. Since the tournament was played across 2 financial years, clients have used residual budgets of the last FY along with new FY budgets.

Too much is happening simultaneously on TV, competing for viewer attention. This is the first time that the general elections, IPL and Cricket World Cup are taking place in the same year.

The New Tariff Order has seen viewership of GEC channels plunge. Ad spends have therefore shifted from GEC to Sports & News.

According to a Duff & Phelps IPL, an average 10 second ad slot for IPL TV & digital advertising costs around ₹ 8-10 lakh, team sponsorship ₹ 30-50 crore, merchandise advertisement ₹ 30-100 lakh, on-field advertising (ground painting) ₹ 1 crore and stadium advertising ₹ 50 lakh.


Zee's news broadcasting arm - Zee M e d i a Corporation Ltd (ZMCL) has reported a consolidated net loss of ₹ 86.6 crore for Q4, compared to a net profit of ₹ 11.52 crore in Q4 a year ago.

The loss is primarily due to loss in value of ₹ 103.35 crore in the value of the company's preference shares in group company - Diligent Media Corporation Ltd (DMCL) which publishes the DNA newspaper.

Further, operating revenue during the quarter declined by 3.9% to ₹ 169.35 crore, due to reduced ads after TRAI's New Tariff Order.

ZMCL owns and operates 14 news channels comprising 1 Global, 3 National and 10 Regional channels. it claims a reach of more than 345 million viewers.


Hinduja Ventures Ltd (HVL) reported higher revenue from o p e r a t i o n and lower losses by I n d u s I n d Media & Communications Ltd (IndusInd Media, IMCL) for the year ended 31 March 2019.

Revenues rose 10.5% to ₹ 703.0429 crore. IMCL operating loss fell to ₹ 335.2821 crore from ₹ 391.0445 crore a year ago.

The New Tariff Order along with pre-paid payments have significantly improved earnings. IMCL expects to be positive in its Profit After tax (PAT) from next year.


TV Today says the New Tariff Order (NTO) is responsible for its poor Q4 results. 2019 Q4 standalone net profit fell to ₹ 20.21 crore compared to ₹ 32.61 a year ago.

Q4 operations revenue fell to ₹ 165.65 crore from ₹ 181.1 crore.

The TV broadcasting operating profit plunged to ₹ 29.2 crore in 2019 Q4 compared to ₹ 62.61 crore in Q4 last year.

For the full fiscal, TV broadcasting operating profit dropped to ₹ 180.8 crore from ₹ 202.6 crore. Revenue was down at ₹ 611.1 crore from ₹ 606.8 crore.


Dish TV has reported an incredible 1,270% increase in net loss (consolidated) to ₹ 1,163 crore for the year ended March, 2019. It had posted a net loss of ₹ 84.9 crore in FY18.

Operating income rose 33% to ₹ 6,166.1 crore in FY19, subscription revenue also increased 34% to ₹ 5,663.8 crore. Advertising income rose 66.1% to ₹ 11.13 crore, but financial expenses also arose 58.4% to ₹ 628 crore in FY19.

In Q4, 2019 it added 47 thousand net subscribers & closed the year with a net subscriber base of 23.7 million.


Chennai-headquartered media giant SUN Network saw its net profit dip 20% in the March quarter to ₹ 283 crore.

Q4 revenue was up 24% from last year, to ₹ 889 crore in March. Annual revenue was up 28% to ₹ 3,783 crore. Annual profit increased 26% to ₹ 1,434 crore.

Subscription revenues increased 16% annually to ₹ 1,320 crore (38% of the overall revenue).

Its OTT platform Sun NXT, crossed over a million subscribers as of December 2018.

SUN Network operates satellite television channels across Tamil, Telugu, Kannada and Malayalam, and also airs FM radio stations across India.

The company also owns the SunRisers Hyderabad cricket franchise of the Indian Premier League and its results for the year ended March 2019 includes an income of ₹ 444 crore relating to a partial season of IPL 2019.


Eros annual operating revenue rose 12% to ₹ 1,031.30 crore for FY 2019. Total revenue was ₹ 1,138.69 crore

PAT was ₹ 266.48 crore was up 15.2% to ₹ 231.22 crore.

Its revenues were split: Theatrical 28%, Television and Others 53.5% and Overseas 18.5%.

The company says that it released 16 films across languages and 7 digital series in the quarter ended 31 March 2019. Its OTT platform had reached a subscriber base of 1.59 crore (15.9 million, 159 lakh) by the end of December 2018. n