The weak hiring environment has had an adverse impact on Info Edge India, which owns the job portal Naukri.com. For the second quarter ended September 30, 2009, Info Edge has reported a fall in its profit to Rs 14.74 crore from Rs 15.67 crore in the corresponding quarter last fiscal. Net sales also fell by 16 per cent to Rs 55.19 crore.
Reliance ADA Group’s Reliance MediaWorks Ltd, formerly Adlabs Films, has reported an 80 per cent increase in its total income from operations for Q2 FY10 at Rs 189 crore, over the trailing quarter. The company has also managed to cut down its net loss to rs 11 crore, as compared to a loss of Rs 64 crore in the previous quarter.
Hundreds of great stories have died a premature death in our country because media rivalry prevents one from picking up and following the other’s scoops. BV Rao gives the recent example of how different papers covered Environment Minister Jairam Ramesh’s statement on the Kyoto Pact, to emphasise this point.
TAM Media Research data for the period January to mid-October 2009 has thrown some interesting trends for the Hindi news genre. The fragmented genre has shown a steady trend for the top players in the core news TG, where Aaj Tak has been a consistent No. 1 player, except in week 42, when India TV marginally climbs ahead of Aaj Tak. One interesting trend is that of DD News holding on to the strong No. 4 position.
Banking on the ‘Disney Difference’, Walt Disney Company India has set up a specialised unit – Disney Media Solutions & Alliances. The attempt is to bring together all its properties under the same roof and be able to offer clients solutions across Disney platforms. Disney officials believe that this step will play a key role in Disney’s growth map in India.
MK Dhir, Chairman and MD, Dhir Global, has announced the appointment of Vizeum India as the overall brand/ communication consultant and media AOR for its brand Giovani. The business will be handled out of Vizeum’s Mumbai and Delhi offices. This win comes close on the heels of Vizeum bagging the Luxor/ Parker portfolio.
Law & Kenneth has further strengthened its presence in India with the launch of its new design division, christened Design Law & Kenneth, on October 22, 2009. Chief Designer Chandan Mahenkar will be responsible for this new division. The agency has already bagged the design work for multinational food company Danone.
<p align=justify>Let’s put it this way, we won’t create any confusion; we would clarify the brand offering that is relevant to local as well as to international clients and would help clients to make the right decision on which area they want to be the most serviced in. From the Mudra point of view, that gives Mudra the opportunity to clearly be the competitive brand and it gives DDB the opportunity to clearly be the international corporate. As a creative organisation, we don’t want to change local cultures or re-orientate them to western minds and that is where our local and international talent comes in.