Editorial Consultant, Impact
The Board of WPP announced its unaudited interim results for the six months ended June 30, 2010, which reflected strong revenue growth, particularly in the second quarter, in the US and in parts of Asia and Latin America. Total billings of the Group were up 8.5 per cent at £20.333 billion, while reportable revenue was up 3.5 per cent at £4.441 billion.
Deccan Chronicle Holdings Ltd (DCHL) has reported an 18 per cent growth in net profit and 7 per cent increase in revenues for Q1 of FY10-11. Revenues of the company in Q1FY11 stood at Rs 2,318 million as compared to Rs 2,166 million in first quarter last fiscal, while PAT stood at Rs 912 million.
Sun TV continued with its robust performance, reporting revenue growth of ~53 per cent for the first quarter of fiscal year 2010-11 at Rs 4,404 million. The net profit stood at Rs 1,709 million, an increase of 42.7 per cent from Rs 1,198 million in the same quarter last year.
HT Media Ltd has reported strong revenues in the first quarter of fiscal year 2010-2011. Total revenues of the company were up 20 per cent at Rs 4,042 million this quarter, as compared to Rs 3,366 million in the same quarter last year. Net profit for the quarter stood at Rs 414 million from Rs 287 million in Q1 FY10.
<p>In a digital world, time lines and geographies do not matter. And there could not be a better example of this than the insightful keynote address by Mainardo de Nardis, CEO, OMD Worldwide, at the Mumbai leg of the exchange4media Conclave 2010 on June 11. de Nardis, who would be connected Live from New York, would be speaking on digital as the electricity driving and powering the entire marketing services industry.</p>
Jagran Prakashan Ltd (JPL) on May 5, 2010 agreed to buy out the publishing business of Mid-Day Multimedia Ltd in a 7:2 share-swap deal. For every seven shares held in Mid-Day Multimedia, the shareholders will get two shares of JPL. Though on the face of it the deal looked expensive and shares of JPL closed at 3.16 low at 115.05 on BSE, most media analysts have given the deal the thumbs up. <br> <a href=http://www.exchange4media.com/e4m/news/fullstory.asp?Section_id=5&News_id=38044&Tag=3652 target= _blank><b><font color=red>Mixed Media extra!</font> Pradyuman Maheshwari on whether the Jagran buy will mean sunnier times for Mid- Day</b></a> <br> <a href=http://www.exchange4media.com/e4m/news/fullstory.asp?Section_id=5&News_id=38045&Tag=3653 target= _blank><b><font color=red>Flashed Yesterday: </font> Jagran Prakashan Ltd to acquire Mid-Day’s print business</b></a>
Pratham Books’ ‘Social publishing strategy’ and Hindustan Motors’ ‘The great driving challenge’ were adjudged the best social media case studies at the IndiaSocial Case Challenge for the long term and short term categories, respectively. The first edition of IndiaSocial Case Challenge saw some excellent work done by organisations in the social media domain. The case challenge, an initiative of IndiaSocial, was undertaken in association with impact and blogworks.
Viacom18, which operates MTV, Nickelodeon, Vh1 and Colors channels, has reported a net profit of Rs 56.3 million in Q3 FY10, as compared to a loss of Rs 416.28 million in the previous quarter. Colors reported a 41 per cent growth in advertising revenues as compared to the previous quarter, taking the total income of Viacom18 to Rs 2.66 billion from Rs 2 billion in the September quarter.
Zee News Ltd has reported a net profit of Rs 191 million in Q3 of FY10, as against Rs 151 million in the corresponding period of last fiscal. A 25.6 per cent increase in advertising revenue at Rs 1,402 million and an 18.8 per cent increase in subscription revenues at Rs 280.6 million, led to an increase of 19.3 per cent in Zee News’ total operating revenues, taking it to Rs 1,706 million.
DishTV has reported a loss of Rs 762 million in Q3 FY10, as compared to a loss of Rs 561 million in Q2 of this fiscal. However, revenues of the company increased by 8 per cent to Rs 2,786 million in Q3, as compared to Rs 2,579 in Q2 of this fiscal. Out of its DTH revenues, Rs 2,140 million came from subscriptions.
ZEEL has reported a net profit of Rs 1,464 million for the third quarter ending December 31, 2009, a 74 per cent increase as compared to Rs 839 million in Q3 FY209. Meanwhile, the company’s Board of Directors has also approved the proposal to acquire additional 45 per cent stake in its subsidiary, Taj TV Ltd Mauritius and additional 50 per cent stake in its subsidiary, Taj Television (India) Pvt Ltd, from Bukhatir Group for $44.145 million.
HT Media more than doubled its net profit in the third quarter ended December 31, 2009 to Rs 184.2 million from Rs 78.2 million in Q3 FY09 due to sharp increase in circulation and advertising revenues. The company has demerged its Hindi business that includes daily ‘Hindustan’, magazines ‘Nandan’ and Kadambini’ during the quarter for Rs 1.4 billion and has temporarily shut down the loss making JV with BCCL, ‘Metro Now’.
DB Corp, publisher of Hindi daily Dainik Bhaskar, closed the first day of trading at Rs 265.90, a premium of 25.42 per cent over its issue price of Rs 212. The share touched an intra-day high of Rs 274 on both BSE and NSE. Market analysts have given the scrip two thumbs up and expect more from it.
Although Zoozoos dominated the Effie Awards 2009, the Grand Effie and the Yahoo! Big Chair Awards were bagged by JWT for its work for Bennett, Coleman & Co. The ‘Teach India’ campaign won the Grand Effie as the best integrated advertising campaign of the year. The client-agency team also won the Yahoo! Big Idea Chair Award for using digital media as an important part of their integrated campaign. <br> <a href=http://www.exchange4media.com/e4m/news/fullstory.asp?news_id=36762§ion_id=1&pict=2&tag=1870 target=_blank><b>Effie Awards celebrates excellence in effective advertising with panache</b></a>
Recession has seen the newspaper industry trim its flab in terms of the number of pages and, of course, the staff. At the World Editor’s Forum 2009, the issue was discussed and debated in the session ‘Shrinking newsroom: Is editorial outsourcing the solution?’. The panelists included Arun Jethmalani, Tony Joseph, John Spencer, and Stella Dawson. Peru’s Alejandro Miro Quesada was the session moderator.
The second panel discussion at the World Editor’s Forum was quite intriguing – ‘More women editors-in-chief = more readers?’ The session started out with views from each panellists about the journalism scenario in their country and the situation of women journalists. However, the discussions also brought in perspectives of the ‘choice’ of women for taking or not taking up the post and also their courage to bring in remarkable changes in the editorial set-up.
The panel discussion on ‘Is investigative journalism giving up on newspapers?’ on the concluding day of the World Newspaper Congress was invigorating and thought-provoking. The panellists included Nick Davies of The Guardian, India Today Group’s Aroon Purie, Arne Jensen of Association of Norwegian Editors, and Tehelka’s Shoma Chaudhury. The session was moderated by George Brock, Professor & Head of Journalism, City University, UK.
While a lot was discussed about the threat of online media to the print industry, the session on ‘The power of print’ at the 62nd World Newspaper Congress took a fresh look at the business that still makes money, remains credible and effective, and is still hugely popular.
Day 3 of the ongoing World News Paper Congress and World Editors Forum in Hyderabad was jam packed with several interesting sessions. The session on ‘Newspapers: A Multi-Media, Growth Business’ saw a few changes in terms of panelists, nevertheless gave some insights on newspapers from three different parts of the world and how they have embraced technology to expand growth.
The formal opening ceremony of the 62nd World Newspaper Congress and the 16th World Editors Forum (WEF) and Info Services Expo 2009 was held in Hyderabad on December 1, 2009 in the presence of President of India Pratibha Devi Singh Patil at the HICC Convention Centre. Also on the occasion, Najam Sethi, Editor-in-Chief, Friday Times and Daily Times, Pakistan, was presented with the Golden Pen Award.