Zee Media

Punit Goenka has resigned as the Managing Director of Zee Entertainment and has been appointed as CEO to have his focus entirely on operational responsibilities assigned to him by the board of the company. The board has "accepted the resignation of Punit Goenka as Managing Director of the Company and appointed him as CEO," said Zee Entertainment in a regulatory update. Mukund Galgali, Chief Financial Officer of Zee Entertainment, will assume the role of Deputy Chief Executive Officer of the Company, it added. Goenka's resignation as MD was effective from close of the business hours on November 18, and he was appointed as CEO the same day. The change would be like the existing full-time employment for Goenka, however the variable portion of his salary (40 per cent) will be paid to him only on achievement of certain milestones, subject to a maximum cap as defined by the Board, according to the statement. ZEE said: "With this step, he intends to dedicate his time entirely towards th

Zee Media share news: Zee Media share was locked in its upper circuit on the back of the news that the board has approved fund raising of up to Rs 200 crore by issue of warrants to FPIs

Plea on alleged fund diversion matter may now be heard later in September

The uptick in share price came after the board of directors of the company approved a fund raise of up to Rs 200 crore via all permitted instruments

Media baron Subhash Chandra on Monday said despite various challenges, Zee Media remains committed to deliver unbiased and credible news focused on public interest. Addressing a press conference here, he asked all stakeholders, including viewers and regulatory bodies, to recognise and stand against the threats to press freedom. "A free and independent media is crucial for the health of our beloved country in terms of its economy, the social structure, protection of weaker people of society, reduction of corruption and finally the democracy," Chandra said. Media is considered as the fourth pillar of democracy but faces increasing pressure from the governing class, whether the legislature, executive, corporates and more, he said. There are structured attempts to malign the media to achieve their agenda, he added. "Governments exert pressure on media through advertising influence or use of state machinery to threaten so that the press can be prevented from publishing factual ...

The Zee statement said the Board took the step based on legal advice after a detailed consultation with legal experts

Sony scrapped the merger on Jan. 22, ending a deal that could have created one of India's biggest TV broadcasters, claiming breaches of contract

The grace period, as well as the talks on a further deadline extension, are keeping hopes alive for a two-year-old transaction that has already seen ample drama and delays

The Zee Ent promoter has been barred holding key positions in four group firms and merged entity

The Sony-Zee merger reflects the new dynamics of an era where content, competition, and distribution are increasingly dominated by big tech

The merger was previously approved by all regulatory bodies and was expected to be completed by September

News broadcaster Zee Media on Wednesday said it has withdrawn its Expression of Interest (EOI) and would not bid for the debt-ridden Reliance Broadcast Network Ltd (RBNL). Though Zee Media Corporation Ltd (ZMCL), earlier known as Zee News, has not specified any reason in a notice to bourses but said it will not participate in the resolution plan of RBNL. "We would like to inform you that the Company has withdrawn its EOI filed with the CIRP on June 27, 2023, and accordingly the Company shall not be participating in the resolution plan of RBNL," the company said. Earlier on May 5, the board of ZMCL had granted the approval to the company to submit EOI with the Corporate Insolvency Resolution Professional (CIRP') of RBNL. Earlier this year in February, the Mumbai bench of the National Company Law Tribunal (NCLT) had directed to initiate CIRP against RBNL, which operates the Big FM radio network. The NCLT order came over a petition filed by IDBI Trusteeship Services Ltd. ZMCL is one

The Income Tax Appellate Tribunal (ITAT) had claimed that the IT's contribution to play-out facilities was an afterthought

The board is currently reviewing the detailed order and appropriate legal advice is being sought in order to take the next steps as required, Zee Entertainment Chairman R Gopalan said

CEO Yoshida said that India has become the most populous country in the world and this has created innumerable opportunities for growth and this is especially true for the entertainment industry

In its company filing, Zee Media said that a resolution had been passed on May 5, 2023, that granted approval to the company to submit its EOI with the CIRP of RBNL

Zee Music had over two dozen tracks on Spotify's Daily Top 200 Songs chart for India on March 14

Comments come as the broadcaster becomes the second to exit the body in seven months

Zee Media sent a letter to the TV viewership measurement company on Friday evening, said sources

Rajat Sharma and India TV assured the Delhi High Court on Tuesday that the show has been removed from all platforms