The filing relates to a lawsuit by Indian news agency ANI last year, which alleges that ChatGPT uses its published content without permission to help train its artificial intelligence chatbot
News agency ANI, Indian media houses and global publishing companies based in India have filed copyright infringement cases against OpenAI in Delhi High Court
Media house DB Corp Ltd on Thursday reported 4.65 per cent decline in consolidated net profit at Rs 118.21 crore for the third quarter ended December 2024. The company had posted a profit of Rs 123.97 crore for the October-December period a year ago, according to a regulatory filing from DB Corp. Revenue from operations was marginally down to Rs 642.65 crore from Rs 644.71 crore. Total expenses were Rs 495.58 crore as against Rs 497.38 crore earlier. Revenue from Printing, Publishing and Allied business was down marginally to Rs 594.17 crore in the quarter. However, revenue from the radio business was up 5.47 per cent at Rs 48.64 crore. Total income of DB Corp, which includes other income, was down 1.37 per cent to Rs 655.64 crore in the quarter. Meanwhile, in a separate filing, DB Corp informed about management changes. It has appointed Runit Kishor Shah as an Additional Director and Vijay Kumar TV as Chief Operating Officer in Ad sales. DB Corp is one of the largest print med
Charles Dolan, who founded some of the most prominent US media companies including Home Box Office Inc and Cablevision Systems Corp., has died at age 98, according to a news report. A statement issued Saturday by his family said Dolan died of natural causes, Newsday reported late Saturday. It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder of HBO and Cablevision, the statement said. Newsday is owned by Dolan's son, Patrick Dolan, following Cablevision's purchase of Newsday Media Group in 2008, the newspaper reported. Dolan's legacy in cable broadcasting includes the 1972 launch of Home Box Office, commonly known as HBO, and founding Cablevision in 1973 and the American Movie Classics television station in 1984. He also launched News 12 in New York City, the first 24-hour cable channel for local news in the US, Newsday reported. Dolan, whose primary home was in Cove Neck Village on Long Island in New York, a
Tsuneo Watanabe, the powerful head of Japan's largest newspaper who had close ties with the country's powerful conservative leaders, has died, his company said Thursday. He was 98. Watanabe, the editor-in-chief of the Yomiuri Shimbun for over 30 years, died of pneumonia at a Tokyo hospital on Thursday, the Yomiuri said. Watanabe joined the newspaper in 1950 and covered politics throughout his career, attending editorial meetings until last month. He was still checking copy in his hospital room days before his death, the newspaper said. Watanabe cultivated close ties with conservative leaders who governed the country across decades, like Yasuhiro Nakasone and Shinzo Abe, and to helped form Japan's conservative public opinion. Abe was also known as a loyal reader and once told reporters all his opinions could be found in the Yomiuri when he was asked a question about a proposed constitutional revision. Watanabe stirred controversy in 1994 when the Yomiuri published a draft revision t
The case weighed heavily on the future of some of the highest-profile media properties in the world
Revenue declines 18% due to 'muted advertising spending environment'
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 ...
The report analysed 20 media companies accounting for nearly 55 per cent of the media industry's revenue
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
Increasing advertisement demand and lower newsprint costs drive revenue and profitability for regional newsprint media companies, says CRISIL Rating report
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
Graphisads and IIM Lucknow are set to launch 'G Force' - a new accelerator programme designed to cultivate aspiring entrepreneurs in the media sector
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
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
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
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.
Media companies have been under pressure over the past year as advertisers pull back on spending due to still-high borrowing costs
IANS has an authorised share capital of Rs 11 crore, and a revenue of Rs 11.86 crore in FY23
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