Top Story


Home >> Media - TV >> Article

Zee Entertainment Q2 net falls 38 pc at Rs 111 cr; Zee News Q2 net up 14.7 pc

Font Size   16
Zee Entertainment Q2 net falls 38 pc at Rs 111 cr; Zee News Q2 net up 14.7 pc

Zee Entertainment Enterprises Ltd (ZEEL) has reported a 38 per cent drop in its consolidated net profit for the second quarter ended September 30, 2009. As against a net profit of Rs 178.15 crore in Q2 FY09, ZEEL’s net profit stood at Rs 110.95 crore in Q2 FY10.

The total income for the second quarter also dropped to Rs 569.62 crore from Rs 599.62 in the corresponding quarter of the previous fiscal.

Meanwhile, ZEEL informed the Bombay Stock Exchange that the Board of Directors of the company at its meeting held on October 23, 2009, inter alia, had granted its in-principle approval for acquisition of the regional general entertainment channel business of Zee News Ltd (comprising six television channels – viz. Zee Marathi, Zee Talkies, Zee Bangla, Zee Telugu, Zee Kannada and Zee Cinemalu) under a Scheme of Arrangement, subject to appropriate statutory and regulatory approvals. The Board would meet again in due course, inter-alia to consider the terms of the Scheme of Arrangement, including but not limited to, the share swap ratio, the appointed date, etc.

Zee News Ltd has reported a 14.68 per cent increase in its consolidated net profit for Q2 FY10 at Rs 13.14 crore, as against Rs 11.46 crore in the corresponding quarter of the previous fiscal.

Zee News’ total income was also up 26.4 per cent at Rs 161 crore, while expenses stood at Rs 138 crore.


Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Under the watchful eye of Walt Disney, Bindass undergoes brand repackaging with a fresh new show ‘Dil Buffering’ simulcast across its linear and social media platforms on September 29 and will launch...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...