Page 3 - Media

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, .

Centre revises guidelines for community radio stations to ensure its growth

To ensure the growth of the community radio sector, the government on Tuesday increased the advertising time for community radio stations as well as the price rate for advertisements. It also increased the period for the grant of permission agreement from the existing five years to 10 years, according to the revised policy guidelines for the sector, which was released by Information and Broadcasting Minister Anurag Thakur at the Regional Community Radio Sammelan (South) here. Under the revised policy, the government has permitted any eligible organisation functional in multiple districts to set up a maximum of six community radio stations in different districts. The advertising time for community radio stations has been increased from seven minutes per hour to 12 minutes per hour, while the rate of advertisement has been hiked from Rs 52 to Rs 74 per 10 second, the guidelines stated. The policy also fixed the validity of the letter of intent issued to an organisation to one year, w

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

Thomson Reuters results: Revenue rises 3% to $1.8 bn, beats expectations

The Toronto-based news and information provider reported a fourth-quarter revenue rise of 3% to $1.8 billion, largely in line with analyst estimates, according to LSEG data

Zee's IL T20 gets 46% women viewers, 2nd most watched franchise tournament

With a reach of 161 million views, a staggering 46 per cent of which being women viewers, Zee Entertainment has announced that the DP World ILT20 league continues to be the world's second most watched franchise-based cricket competition. The tournament garnered an impressive reach of 161 million for its first 18 matches, 56 per cent of the audience being under the age of 30, according to data released by BARC INDIA 2+, TV+OOH, and LIVE+PPL. The company has reported an uptick of 12 per cent among 15+ urban audiences in India compared to the inaugural edition. The time spent on the league, which started on January 19 has surged by an impressive 33 per cent among viewers aged 15 and above in urban India. "This substantial increase in viewing duration emphasizes the league's ability to captivate and retain the attention of its audience, contributing to a more immersive and rewarding viewer experience," said league's media rights holder ZEE in a statement. The tournament with six teams

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

IIMC granted deemed-to-be-university status, empowered to award degrees

The Indian Institute of Mass Communication (IIMC), a leading institution for Journalism and Mass Communication, has been granted the status of a deemed university, empowering it to award degrees rather than just diplomas, officials said on Wednesday. "The IIMC has been declared as deemed-to-be-university under distinct category. The declaration extends to IIMC New Delhi and its five regional campuses located in Jammu (Jammu & Kashmir), Amravati (Maharashtra), Aizawl (Mizoram), Kottayam (Kerala), and Dhenkanal (Odisha). With this new status, IIMC is now authorised to offer degrees, including doctoral degrees," an official said. The institute established under the Ministry of Information and Broadcasting, Government of India, on 17 August 1965, is one of the premier institutions of its kind in the country, providing quality training in journalism and undertaking meaningful research in the field of media and mass communication. The IIMC is also the training academy for Indian ...

Elon Musk's X pledges 100-person office in Texas to enforce content rules

The company aims to hire 100 full-time content moderators at the new location, according to Joe Benarroch, head of business operations at X

Journalists protest layoffs at New York Daily News, Forbes, Conde Nast

Journalists at The New York Daily News and Forbes walked off the job on Thursday amid contentious contract talks with management and a difficult few weeks in the news industry. Both strike are historic: It's the first-ever at the business-focused magazine in more than a century, and the first at the storied newspaper in more than three decades, according to the NewsGuild of New York. The one-day strike at the Daily News coincides with Forbes walkout, which runs through Monday. In midtown Manhattan, dozens of Daily News staffers and their supporters picketed Thursday outside a small co-working space the newspaper's office since its lower Manhattan newsroom was shuttered in 2020 during the coronavirus pandemic. Founded in 1919, it was once the largest circulating newspaper in the country. Strikers marched around the building holding signs that read New York Needs Its Hometown Paper and Alden to News: Drop Dead, a reference to the tabloid's famous 1975 headline. They also put up a l

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

Ram Temple event: Refrain from publishing false content, govt directs media

The government on Saturday issued an advisory to media outlets and social media platforms cautioning them against publishing any false or manipulated content related to the January 22 Ram temple event in Ayodhya. The advisory, issued by the Ministry of Information and Broadcasting, said it was observed that certain unverified, provocative and fake messages were being spread, especially on social media, which can disturb communal harmony and public order. The consecration ceremony of the Ram Lalla idol in Ayodhya will be held on January 22 with Prime Minister Narendra Modi and several other dignitaries in attendance. The advisory asked newspapers, private satellite TV channels and publishers of news and current affairs on digital media to refrain from publishing and telecasting any content that may be false or manipulated or has the potential to disturb communal harmony or public order in the country. "Further, as part of their due diligence obligations, social media platforms are .

Network18 Media Q3 results: Loss at Rs 107.87 crore, revenue down 4.14%

Network18 Media & Investments Ltd on Tuesday reported a consolidated loss of Rs 107.87 crore for the third quarter ended December 2023. The company had posted a profit of Rs 8.82 crore during the October-December period a year ago, according to a regulatory filing by Network18 Media & Investments Ltd. Its consolidated revenue from operations slipped 4.14 per cent to Rs 1,773.73 crore against Rs 1,850.49 crore in the year-ago period. "Consolidated revenue for the quarter declined 4 per cent YoY to Rs 1,774 crore, primarily due to lower Movie Studio revenue," said an earning statement from Network18 Media & Investments. Its total expenses increased 6.37 per cent to Rs 2,062.53 crore in the December quarter. However, its total income, which also includes other income, in the December quarter inched up 1.56 per cent to Rs 1,930.38 crore. During the quarter, TV network share increased by 30 bps Q-o-Q to 10.8 per cent, driven by the strong performance of Hindi GEC and Movie ...

TV18 Broadcast Q3 results: Loss at Rs 55.8 crore, revenue down by 5.2%

TV18 Broadcast Ltd on Tuesday reported a consolidated net loss of Rs 55.83 crore for the third quarter that ended on December 31, due to investments made on the sports and digital segment. The company had posted a net profit of Rs 37.81 crore in the October-December period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was also down 5.17 per cent to Rs 1,676.19 crore, compared to Rs 1,767.71 crore in the corresponding quarter a year ago. "Consolidated revenue for the quarter declined 5 per cent YoY to Rs 1,676 crore, primarily due to lower Movie Studio revenue," said an earning statement from TV18 Broadcast. TV18 Broadcast's total expenses were up 5.2 per cent to Rs 1,907.28 crore in the December quarter. However, its total income, which also includes other income, in the December quarter was marginally up at Rs 1,841.32 crore. "News network maintained strong market positions across genres and continued to deliver ...

India on top for trust in biz, NGOs; 4th for media, 5th in govt: Report

India tops the charts in terms of trust in businesses and NGOs, but it is fourth in terms of trust in media and fifth for the government, an annual trust barometer showed on Monday. The Edelman Trust Barometer 2024, released here ahead of the World Economic Forum Annual Meeting, put Saudi Arabia on the top for trust shown by their people in the government and China for trust in media. In terms of trust shown in one's employer, Indonesia emerged at the top followed by India at the second place. The 24th annual survey, which covered over 32,000 respondents across 28 countries, showed developing countries having a lead over developed ones in terms of overall trust perception of their respective populations. On the overall index, prepared on the basis of average per cent trust in NGOs, business, government and media, India moved to second place from fourth in 2023, while China retained its top spot. The UK replaced South Korea as the least trusted nation. The survey also showed less t

Newsclick row: Portal's HR head moves Delhi court seeking to turn approver

NewsClick's human resources department head Amit Chakravarty has moved a Delhi court seeking its permission to turn an approver in the case lodged under anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda, court sources said. Chakravarty moved the application before Special Judge Hardeep Kaur last week, seeking pardon in the case and claiming he had material information that he was willing to disclose to the Delhi Police, which is investigating the matter. The judge has posted the matter before a magisterial court for recording Chakravarty's statement. According to police sources, the agency will take a decision on whether to support his application before the court after going through his statement. The Special Cell of Delhi Police had arrested Chakravarty and news portal's founder and Editor-in-Chief Prabir Purkayastha on October 3. They are currently in judicial custody. According to the FIR, a large amount of funds to the

Adani Group acquires majority stake in news agency IANS for undisclosed sum

Billionaire Gautam Adani's group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises -- the firm that holds the group's media interest -- said its subsidiary "AMG Media Networks Ltd has acquired a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd." The company did not disclose the acquisition price. Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV. AMNL was the vehicle for these acquisitions as well. In the filing, it said, "AMNL has also signed a shareholders' agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS." IANS had a revenue of Rs 11.86 crore in the fiscal yea

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country

Disney, Reliance plan London meeting for India media merger talks: Report

Disney and Reliance have held talks to merge their India businesses by forming a joint venture company in which Ambani's media unit would hold a majority stake

5 "potential witnesses" found against NewsClick founder, cops tells court

The Delhi Police arrested Purkayastha on October 3, alleging that Prabir Purkayastha conspired with a group called PADS to sabotage the electoral process during the 2019 Lok Sabha polls