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

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

The New Realities study in India is its sixth year. Over 600 online interviews (per country) were conducted in seven countries, as a part of the study.

Rohit Bansal, Group Head of Corporate Communications, Reliance Industries Limited was speaking about the emerging tools of PR through Social Impact during his keynote address at IPRCCA 2017

Foster joins Y&R after serving as President, Global Clients for the Publicis Groupe; also was Worldwide COO and Chairman and Regional CEO, APAC and Greater China at Saatchi & Saatchi