Top Story

e4m_logo.png

Home >> Media - TV >> Article

Zee Telefilms board approves pruning of its subsidiaries

23-February-2002
Font Size   16
Share
Zee Telefilms board approves pruning of its subsidiaries

To simplify its organisational structure, Zee Telefilms (ZTL) has decided to prune the number of its subsidiaries from 23 to 12. The decision was taken at the ZTL board meeting held yesterday. According to the decision 11 subsidiaries will cease to exist, subject to regulatory approvals, in six to eight months.

The companies that will go off the list are: E-Connect India, Programme Asia Trading Company, Elzee Television, Kaveri Entertainment, Dakshin Media, Winterheath Company (Mauritius), Hokushan Trading (Hong Kong), Expand Fast Holding (Netherlands), Zee Multimedia Worldwide (Netherlands), Asia TV (USA) and Zee TV SA (South Africa).

According to industry analyst, ZTL expects to achieve considerable savings with the closure of the subsidiaries. This would also facilitate the process of consolidation of financials of the remaining subsidiaries with that of the holding company.

Zee is one of India's largest media companies with a presence spanning broadcasting, programming, cable distribution, movie production, music publishing and education business. It recorded a turnover of about Rs 816.6 crore for the nine months ended December 31, 2001.

Source: Business Standard

Tags

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=http://www.exchange4media.com/company/news/amaz...

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...