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October 2018 Archive

Changemaker Awards: Catalyst of Change

The Hindu BusinessLine’s Changemaker Awards recognize catalysts of change

The second edition of The Hindu BusinessLine’s Changemaker Awards will celebrate individuals, entities and organisations, who through their work, have contributed to materially improving the condition of society, economy and the planet. The awards span all categories from individuals to corporates, NGOs, social enterprises and even the government, and are given out in the categories – Changemaker of the Year, Young Changemaker, Changemaker (Digital Transformation), Changemaker (Financial Transformation), Changemaker (Social Transformation). In addition, the jury may decide to also award the title of Iconic Changemaker to an individual or entity with a lifetime track record of bringing about positive change. “The awards resonate deeply with our core values of ethics, fairness and service to society. We believe “being good” and “doing good” are intrinsic to “doing well”.” Says R Srinivasan, Editor, The HinduBusinessLine.

Print Over TV In Bihar

Hindi print media has 50.7% more reach than TV in Bihar

The myth, ‘Print is a dying medium’ is busted in the state of Bihar where print enjoys more reach than cable or satellite TV. The literacy rate in Bihar is comparatively low, yet it has managed print penetration than TV broadcast. This probably is the first time a couple of competing newspapers have come together to put out joint advertisements against another mainstream medium, albeit a competitor to both, the television. The ads in context have been jointly rolled out by Hindi news dailies, Hindustan and Dainik Bhaskar. The communication boasts of the Hindi print media's overall reach in the state of Bihar, which, according to figures, is 50.7 percent higher than that of cable and satellite TV.

Republic TV: The Crowned King

Republic TV maintains its hold on BARC leader board for week 42 in English news category

Aaj Tak maintained its lead among every Hindi news genre for yet another week. Zee News has toppled down from the top five positions of the leader board in the Hindi news (rural) genre. However, News Nations makes its way among the top five in the Hindi news category (rural). In the English news category, Times Now retains the second position with CNN News18 at the third and India Today Television and NDTV 24X7 at the fourth and fifth places, respectively. In the English business news category, CNBC TV18 keeps its hold of the top rank. ET Now and BTVI maintained the second and the third position, respectively.

It’s Raining Profits For Music Broadcast

Music Broadcast Ltd has recorded a growth of 5% in net profits for Q2 FY 19

FM radio station Radio City’s parent company Music Broadcast Limited (MBL) has posted a 5% growth in net profit at Rs 13.4 crore in Q2 FY19 compared to Rs 12.7 crore in Q2 FY18. The PAT margin stands 16.7% compared to 16.8% a year ago. The company’s revenue has jumped 6% to Rs 80.1 crore from Rs 75.8 crore in the previous fiscal. MBL Director Apurva Purohit said, “In this challenging economy which has uncertain economic growth and an increasing liquidity crunch, I’m pleased to inform that our performance was encouraging and we were able to show a topline growth of 7% which is equally contributed by volumes and realizations. Key Sectors like government, real estate and durables performed better than last year.”

DB Corp's Profit Dips

Print media major DB Corp’s consolidated net profit has dropped 41% to Rs 46.2 crore in Q2 FY19

DB Corp witnessed a drop in net profits compared to Rs. 78.7 crore in Q2 FY18 due to forex loss of Rs. 6.2 crore and circulation expansion strategy related non-recurring expenditure of Rs. 11 crore. The total revenue has grown by 2.8% at Rs 587.5 crore from Rs. 571.3 crore. On an adjusted basis, the total revenue grew by 12.8% to Rs. 587.5 crore from Rs. 520 crore after adjusting for last fiscal one off items as well festival season billing. Commenting on the performance for Q2 FY 2018-19, DB Corp MD Sudhir Agarwal said, “Our circulation strategy implemented in recent times continues to deliver results that are also driven by the parallel execution of several growth-led initiatives undertaken across all our pillar divisions. The results of our efforts are visible through Dainik Bhaskar’s progress in Bihar where in a short span of time, we have been able to build a second leadership position through strong on-ground execution. Dainik Bhaskar is also now the largest circulated paper in Rajasthan. The same operating philosophy is being aggressively implemented across all regions of our presence where our focus continues to remain on sharpening our organisational strengths, leading market expansion and driving excellence, enabling us to strive harder in a rapidly evolving and competitive media environment."

Play Games At NewsPoint

Times Internet has allied with Gameloft to bring to their customers top branded and licensed games

Time Internet’s news app, NewsPoint’s partnership with Gameloft with allow its users to enjoy games like Danger Dash, Real Football Challenge, Nitro Street Drag Mode, NOVA, Bubble Block Breaker, Pastry Paradise and many more, for free. All that a user needs to do is to download the app, visit the games’ section and choose multiple games from the Gameloft games tile. The mobile game developer offers games for all ages, men, women or children. Talking about the launch, Times Internet COO (News) Puneet Gupt said, “We are excited to partner with Gameloft and offer to our users some of the most popular online games. NewsPoint is the engagement engine for Indian digital audiences and this partnership strengthens our value proposition.” Gameloft Country Manager, Indian Sub-continent Nitin Goel said, “This partnership will enable NewsPoint users to enjoy high quality games from Gameloft for free. Thanks to this promising collaboration, we are happy to offer an all-new fun & unique gaming experience to casual, mid and hardcore gamers.”

Radio RAM Ratings Week 40

Radio Mirchi and Radio City retain top spots in Bangalore and Kolkata, respectively

Fever FM maintains its lead in Delhi and Mumbai with a 19.4 and 17.6 percent, respectively. In Bangalore, in a universe of 5.3 million listeners, Radio City maintained its leadership with improved 26.2 per cent share, followed by Big FM and Radio Mirchi. Both held on to their spots with 18.6 and 16.9 per cent share, respectively. Afternoon followed by evening and night observed the highest listenership on total radio. Radio Mirchi, Fever FM and Big FM retained the top three spots in Kolkata in a universe of 9.5 million listeners, with a share of 19.7 per cent, 18.2 per cent and 16.7 per cent, respectively. Afternoon followed by morning and mid-morning observed the highest listenership on total radio.

Vikatan Group Amplifies Team

Ananda Vikatan,Tamil Nadu’s leading media group has made key leadership appointments

The media group with its strong presence in Print, Digital, Activations, Awards and TV Content has amplified its regional team. Shankar M has joined as the Business Head for Tamilnadu and Kerala regions. He comes with a wealth of print experience from reputed publications such as The Hindu, The Times Group and Daily Thanthi. His last assignment was with Daily Thanthi where he was responsible for growing Print and Digital footprint. Ganesh Murugan, who was leading the regional market in addition to his digital responsibilities has been elevated as National Head – Digital solutions & Branded content. Jagadeesh, a long timer in Vikatan, is actively leading print led growth through focussed initiatives. B Srinivasan, MD, Vikatan Group, said, “Shankar will add momentum to our growing impetus of regional advertisers and will be key in establishing client & agency partnerships across TN & Kerala for our various platforms. With this realignment, Ganesh Murugan & Jagadeesh will be focussing on national clients for bringing them to Vikatan fold and ensuring that Vikatan.com & Vikatan Magazines becomes a compulsive part of their media plan.”

October 2018 Archive

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