Media Companies

Zee Entertainment Q2FY25 results: Net profit up 70% at Rs 209 crore

Revenue declines 18% due to 'muted advertising spending environment'

Network18 Media Q2FY25 results: Net loss increases to Rs 152.31 cr

Network18 Media & Investments on Saturday said its consolidated net loss widened to Rs 152.31 crore in the second quarter ended September 30 on account of investments in sports and digital assets. The company had posted a net loss of Rs 119.18 crore a year ago, according to a regulatory filing from Network18 Media & Investments, one of the largest media conglomerates in the country, owned by Reliance Industries. However, its consolidated revenue from operations rose 1.6 per cent to Rs 1,825.18 crore for the September quarter. It was Rs 1,865.50 crore in the corresponding quarter of the preceding fiscal. "With 6 per cent growth in News business revenue and continued improvement in margins. Overall profitability was impacted due to Sports and Digital investments in Viacom18," the company said in an earning statement. The total expenses in the September quarter rose 1.64 per cent to Rs 2,243.13 crore. Network 18's total income for the second quarter of FY2024-25 was flat at Rs ...

Digital transformation to drive media revenue growth to 8% by FY2027

The report analysed 20 media companies accounting for nearly 55 per cent of the media industry's revenue

Credible media key for democracy's qualitative transformation: Gadkari

Union Minister Nitin Gadkari on Thursday said credible media is important for the qualitative transformation of democracy and socio-economic development of the country. Addressing an event here, Gadkari said every politician expects media support, but the media should support what is good for democracy and the country. He noted that once upon a time, people were only dependent on print media and electronic media, now they are dependent on social media. "In media, what we need is credibility, goodwill...people are expecting information from the media by which they can make the qualitative transformation of our democracy," the minister said. "Socio-economic transformation is the ultimate aim for all of us, for that reason role of the media is very important," he added. "Now everyone is interested in understanding information," he said. Gadkari said that India is the fastest growing economy in the world and its dream is to make India 'Atmanirbhar' and 'USD 5 trillion economy'. Acco

Regional print media to grow 8-9% from ad revenue, lower costs: CRISIL

Increasing advertisement demand and lower newsprint costs drive revenue and profitability for regional newsprint media companies, says CRISIL Rating report

DB Corp net profits surge 50% YoY in June quarter; stock hits 52-week high

The share price gained after the print media firm reported a strong performance in the first quarter ending June 30, 2024, with a 49.68 per cent year-on-year (Y-o-Y) increase in net profit

IIM Lucknow, Graphisads launch 'G Force' accelerator for media startups

Graphisads and IIM Lucknow are set to launch 'G Force' - a new accelerator programme designed to cultivate aspiring entrepreneurs in the media sector

Listed media majors log muted Q1, could struggle in first half of FY25

For the film exhibition business, the June quarter was also sub-par due to the impact of both the cricket and election season as well as a lack of big-budget content

Billionaire Peltz's Trian sells entire Disney stake after board fight

Disney shareholders had last month backed CEO Bob Iger and other company directors after a multimillion-dollar, mud-slinging battle launched by Peltz and Blackwells Capital

DB Corp Q4 results: Net profit rises nearly three-fold to Rs 122.52 cr

Media house DB Corp Ltd on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 122.52 crore for the fourth quarter ended March 31, helped by a broad-based growth across verticals. The company had posted a consolidated net profit of Rs 41.02 crore in the January-March quarter a year ago, DB Corp said in a regulatory filing. Its revenue from operations was up 16.23 per cent to Rs 617.13 crore during the quarter under review. It was at Rs 530.95 crore in the corresponding period of the previous fiscal. The company said its total expenses in the March quarter was at Rs 480.23 crore, down 2.2 per cent. Its revenue from "printing, publishing and allied business" was up 15.42 per cent to Rs 576.28 crore in the March quarter of financial year 2023-24. While revenue from the radio business was at Rs 41.15 crore, up 29.28 per cent. "On a quarterly basis, Q4 FY24 saw broad-based growth for the 11th quarter in a row with 24.6 per cent growth in advertisement revenue

RIL-Disney deal: What do charts suggest for media & entertainment stocks?

A day after Reliance, Viacom18 and Disney announced a mega joint venture, RIL traded firm, while shares of TV18 group hit the 5% lower circuits. Here's a quick chart check.

Business Insider to lay off 8% of workforce, to invest in growth verticals

Media companies have been under pressure over the past year as advertisers pull back on spending due to still-high borrowing costs

Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr

IANS has an authorised share capital of Rs 11 crore, and a revenue of Rs 11.86 crore in FY23

Insider co-founder Henry Blodget to step down as CEO amid strategy overhaul

German publishing giant Axel Springer SE acquired a majority stake in Insider in 2015 and retired the "Business Insider" name in 2021 as it looked to expand coverage

Calcutta HC issues guidelines for media coverage on Bengal recruitment scam

The Court said that media's reporting should be objective, and clearly demarcate news items from opinion pieces, without casting anonymous aspersions on accused persons

Pricey valuations threaten best Indian media stocks rally in 14 years

Optimists are focusing on the upcoming pipeline of movies, two of which feature India's biggest superstars, and a potential boost to advertisement spending

Bennett Coleman to merge five subsidiaries with self as part of recast

Times Internet and Global Broadcasting are not part of restructuring exercise; firm had 26 subsidiaries on March 2021, according to its filings with govt

BuzzFeed to shut down its News division amid workforce reductions

BuzzFeed CEO said that he planned to engage with the News Guild union regarding the cost reduction plans and what that would mean for affected union members

Zee Entertainment falls 3% as nearly 6% equity change hands via block deals

At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE

Traders can adopt 'buy-on-dips' strategy for Nifty Media: Ravi Nathani

According to the technical analyst, the Nifty Media Index is currently displaying a range-bound pattern, with fluctuations occurring within a prescribed range