Page 3 - Media Industry

Uday Shankar to be VC of merged Reliance-Disney media business: Report

Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar is set to take a stake of around 9% in the new merged entity

Nita Ambani likely to be chair of merged Reliance-Disney media business

The plans could change ahead of an official announcement. Reliance did not respond to a request for comment, while Disney declined to comment

Vice Media to stop publishing on its website, lay off 'several' hundreds

Vice Media's CEO, Bruce Dixon, said that it was no longer cost-effective for Vice to distribute digital content, including news

The Independent in talks to take control of BuzzFeed, HuffPost: Report

The Independent will assume all editorial and commercial control of BuzzFeed in the UK under a licensing deal for its various brands, according to report, which cited people familiar with the talks

Sun TV Network Q3 results: Profit up 7% at Rs 454 cr, revenue at Rs 923 cr

Sun TV Network Ltd on Wednesday reported 6.81 per cent increase in consolidated profit after tax (PAT) at Rs 454.09 crore for the third quarter ended December 2023. The company had reported a PAT of Rs 425.10 crore in October-December FY23, according to a BSE filing by Sun TV Network, one of the largest broadcasters. Revenue from operations rose to Rs 923.15 crore from Rs 886.88 crore. Total expenses were at Rs 451 crore, up 7.86 per cent from the year-ago period. Total income was higher by 7.5 per cent to Rs 1,058.66 crore. In a separate filing, the company informed that its board in a meeting held on Wednesday declared an interim dividend of 50 per cent, which is Rs 2.50 per share on face value of Rs 5 per share. "This is in addition to the interim dividends of Rs 6.25 per share and Rs 5 per share declared at their meetings held on August 11, 2023 and November 10, 2023, respectively," it said. Sun TV Network operates satellite television channels across six languages - Tamil, .

Zee Entertainment Q3 results: Profit more than doubles to Rs 58.5 crore

Zee's profit rose to Rs 58.5 crore ($7.05 million) for the three months ended Dec. 31 from Rs 24.3 crore a year ago

Newsclick HR head Amit Chakravarty moves HC seeking bail in UAPA case

NewsClick's Human Resources department chief Amit Chakravarty on Wednesday urged the Delhi High Court to grant him bail in the case lodged against the news portal under anti-terror law UAPA over allegations that it received money to spread pro-China propaganda. Justice Swarana Kanta Sharma reserved the order on the bail plea by Chakravarty, who turned an approver in the case last month, after the police said it has no objections if the relief is granted to him. Chakravarty's lawyer said that he has been granted pardon in the case by the trial court and was also cooperating in the probe. "I have been in custody since October 3, 2023, and still the matter is at the stage of investigation. No chargesheet is filed," the lawyer told the court quoting Chakravarty. Special Judge Hardeep Kaur had last month allowed Chakravarty to turn an approver and pardoned him. Chakravarty has claimed that he was in possession of "material information" about the case which he was willing to disclose to

Media mogul Byron Allen'slatest takeover attempt: Paramount for $14 bn

Allen offered $28.58 each for the voting shares of Paramount, a 50% premium to recent trading, and $21.53 for the non-voting shares, according to people familiar with his terms

NDTV Q3 results: Net loss at Rs 10.16 cr, revenue falls 7% to Rs 97.95 cr

News Broadcaster New Delhi Television Ltd on Tuesday reported a consolidated net loss of Rs 10.16 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 15.18 crore in the October-December quarter last fiscal, New Delhi Television Ltd (NDTV) said in a regulatory filing. Its consolidated revenue from operations fell 7 per cent to Rs 97.95 crore during the period under review. It was Rs 105.37 crore in the year-ago period, it added. "NDTV is monitoring revenue enhancement for its recently launched regional channels and business channel, which are the main contributors to the EBITDA loss incurred by the network during the quarter," said an earning statement. Its operating expenses increased 29 per cent year-on-year "due to regional channel expenses and re-launch expenses of business channel", which are in investment mode. The total expenses rose 24.8 per cent to Rs 110.23 crore in the December quarter of FY24. The company is in an ...

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

Business Standard wins two golds at afaqs! The Future of News Awards

Business Standard won in the categories of 'Best Business Programme' and 'Best Use of Infographics in a Business Story'

Disney, Reliance Industries close in on deal to merge India media ops

Plans for a step-down subsidiary of RIL's Viacom18 are being floated to absorb Star India through a stock swap

IPL media rights value can touch $50 bn, says chairman Arun Dhumal

IPL chairman Arun Dhumal believes that the media rights value of the league has the potential to touch a staggering USD 50 million over the next two decades, provided it keeps innovating and improvising with fans' interests in mind. The current media rights value of the league stands at USD 6.2 billion (approx Rs 48000 crore) for a five-year period starting from 2022. Even by this estimate, IPL is the second-most high-valued league after the National Football League (NFL), as the American sporting entity struck a USD 110 billion media deal for an 11-year period starting from last year. "If I have to see how it has gone over the last 15 years and if I have to go by estimates going forward, we are expecting media rights (of the IPL) to go somewhere close to USD 50 billion by around 2043," said Dhumal while speaking at the RCB Innovation Lab's Leaders Meet India here. Dhumal, who is also a former BCCI treasurer, also pinned his hopes for a financial windfall on the advent of the Women

Use of AI in media industry responsibly can be valuable asset: PCI's Desai

Use of artificial intelligence in the media industry can be a valuable asset if it is used responsibly and for the greater good, Press Council of India (PCI)chairperson Justice (retd) Ranjana Prakash Desai said on Thursday. Flagging the "potential flipside" to the use of artificial intelligence (AI), she noted that these systems acquire knowledge from various datasets and if these datasets contain biases or stereotypes, AI may replicate them in the content it generates. "This implies that artificial intelligence may 'potentially' perpetuate harmful stereotypes or disseminate inaccurate information which could undermine the credibility of print media," Desai added. The PCI chief was addressing an event organised by the print media watchdog to mark the National Press Day. She noted that the media landscape has transformed significantly in recent years due to the advent of advanced technology in mass communication. News gathering, sharing and consumption have now become faster and mo

AI in news, films and TV

The entertainment industry is already using AI to add creative twists to scripts, but its use in news business is fraught with danger

Putin approves new restrictions on media ahead of presidential elections

Russian President Vladimir Putin has approved changes to the law that governs presidential elections putting new restrictions on media coverage, local news agencies reported on Tuesday. The changes come ahead of the election to be held in March in which Putin, who has ruled Russia for the last 24 years, is expected to seek a new six-year term. Putin, 71, has not declared whether he will run, saying he will announce that only after the parliament formally sets the election date. Under the amendments that he approved, only journalists contractually employed by registered media outlets will be allowed to cover election commission meetings, potentially barring freelancers and independent journalists. The changes also include barring any coverage of the commission's actions on military bases or in areas under martial law without prior permission of regional and military authorities. In addition, the changes prohibit campaign activity on blocked resources. Under an intensifying crackdow

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

INDIA to hold first joint rally in Bhopal, boycott 'biased' TV anchors

The INDIA bloc's sub-group on media was authorised by the committee to identify television anchors to be boycotted by alliance representatives

Nifty Media index needs to cross this hurdle to see next leg of rally

The recent rally in the Media index has propelled it closer to the resistance level of 2,300. This resistance level is anticipated to act as a formidable barrier for bullish momentum

Banijay Group buys out Endemol Shine India

.