HT Media appoints Sarabjit Singh Khurana as Chief Revenue Officer - English
Khurana was previously Hotstar’s Revenue Head. In his earlier association with HT Media, he was spearheading the circulation revenue department
HT Media has roped in former circulation revenue head Sarabjit Singh Khurana to strengthen the revenue prospects of its English business. Announcing Khurana’s appointment as Chief Revenue Officer – English, HT Media’s Venkat Shankar informed employees that the former will work out of Mumbai and handle the responsibility of managing HT and Mint’s print assets.
“I am sure that Sarab, with all your support and his wealth of experiences both in print and in TV and in multiple geographies, will guide us towards newer horizons in our English print business,” wrote Venkat Shankar, Executive Director – Spearheading Revenue. Shankar had himself joined HT Media alongside HT English CEO Rajeev Beotra in November last year.
Speaking of the current appointment, Khurana walks in at HT after helming the revenue vertical at Star India’s Hotstar. At one point in time, he was also entrusted with leading advertisement revenue creation for Star India’s English channels. In this role, Shankar emphasized that Khurana “established very strong relationships in the client and agency space, along with significant growth through product innovations beyond fixed commercial times” which was worthy of commendation.
The financial results of the first quarter of the ongoing fiscal were not very encouraging for HT Media from the standpoint of revenues. When compared with the standalone numbers of the same quarter from the last fiscal, total revenues fell from Rs 393.88 crore to Rs 378.12 crore. The consolidated results for the corresponding period also recorded a marginal decline in total income from Rs 662.43 crore to Rs 652.18 crore.
However, the company believes that with the fundamentals of the media marketing function in place, HT Media will succeed in overcoming “some short-term challenges” in the future. “With GST getting rolled out and the festive season approaching, we are well placed to convert our market opportunities,” stressed Shankar.
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