Jagdish Chandra will be joining ZEE News as CEO Regional Channels, he has confirmed this to exchange4media.
Earlier in the day exchange4media exclusively broke the news of Chandra’s exit from ETV
Chandra joins as CEO of regional channels, which includes Zee Marudhara Rajasthan, Zee Madhya Pradesh-Chhatisgarh, Zee Purvaiya (Bihar-Jharkhand), Zee Uttar Pradesh-Uttrakhand (India 24x7), Zee Salam, 24 Ghanta, Zee 24 Taas and Zee Punjab-Hariyana-Himachal Pradesh. Chandra will be on a five-year contract, which can be further extended with mutual consent.
On his new role he said “I am proud to be associated with the country’s largest and oldest television network Zee, which is controlled by another legendary media icon Dr. Subhash Chandra.”
Chandra is credited for turning around a loss-making regional News Network ETV into a profit-making venture. Under his leadership, during the last Financial Year (FY15-16), ETV Hindi and Urdu channels made a record EBITDA of Rs.87.04 crores.
During the first six months (April-September) of the current year, under his command, the entire ETV Network (13 ETV channels across 22 states), registered a record Ad revenue growth of 58.12%, as compared to the previous year.
Chandra was a senior administrator in Rajasthan before he took voluntary retirement in 2008 to join ETV Madhya Pradesh and ETV Rajasthan and also head the editorial section.