TV18 Q1FY19 Results: Consolidated Operating Revenue grew 11% to Rs 1,088 crore

The net loss for the quarter ended June 30 2018 has reduced by 50% to Rs 7 crore, as compared to last year's net loss of Rs 14 crore

e4m by exchange4media Staff
Published: Jul 24, 2018 3:31 PM  | 3 min read

TV18 Broadcast Ltd has reported a consolidated operating EBITDA of Rs 39 crore in Q1FY19, despite the impact of losses from Colors Tamil.

Business-as-usual EBITDA margin for entertainment business improved significantly, and losses in the regional news also reduced. Consolidated operating revenues stood at Rs 1,088 crore, with a growth of 11 per cent YoY (on a comparable basis).

Also, the net loss for the quarter ended June 30, 2018 has reduced by 50 per cent to Rs 7 crore as compared to last year’s net loss which was Rs 14 crore.

Adil Zainulbhai, Chairman of Network18, said, “Our television channels reach out to 700 million people across the country, making every 1 in 2 Indians our consumer. We have 53 domestic channels across news and entertainment, making us a formidable player. The improving advertising environment and our rising viewership are positives, as we continue investing into growing our offerings across genres.”


Key Declarations

1. The industry environment has been recovering and advertising is on an upswing in general. The sentiment has been positive as growth revives in the new financial year, tempered in part by macro factors such as hardening interest rates and a depreciating INR.

2. TV18 posted 11 per cent total revenue growth on a comparable basis. Subscription revenues for the entire bouquet grew 10 per cent YoY. Advertising and other revenues benefited from the improving industry environment and the full-portfolio offering.

3. TV18’s news bouquet (20 channels) is #1: News viewership share rose to 10.3 per cent. TV18’s news bouquet gained viewership share (driven by Hindi and regional channels) to emerge as the top news network in India. Business news maintained its growth by virtue of its industry-leading position, and general news continued to be driven by the stellar performance of the Hindi news channel.

Regional news revenues grew smartly after a prolonged weakness; led by improved channel performance, integrated approach (including branding) and tailwinds from government/election-related spending.

Infotainment has been growing well too, helped by History TV18’s new HD feed and digital extensions. All these led to an overall improvement in profitability, especially as losses in regional news fell sharply YoY on a fairly stable cost-base.

4. Viacom18 bouquet’s (30 channels) share of entertainment viewership rose to 11.4 per cent: Colors ended the quarter as the leader in the pay-GEC charts in urban. Regional GECs in Marathi and Kannada gained, while Gujarati and Bengali too saw much-improved monetization. A solid show by kids channels and MTV Beats offset genre weakness in English entertainment and youth viewership.

5. Business-as-usual; margins more than doubled: Entertainment topline growth has been constrained by lower hours of non-fiction programming and lesser film premieres compared to the base quarter, and a late start for season 3 of marquee franchise ‘Naagin, which has been the number one fiction show. The tweaks in programming have resulted in an improvement in EBITDA margins for the business. Adjusting for the Rs 34 crore losses of Colors Tamil in Q1, business-as-usual margins for entertainment have expanded from sub-4 percent to 8.3 percent.

Read more news about Television Media, Digital Media, Advertising India, Marketing News, PR and Corporate Communication News

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook Youtube, Whatsapp & Google News

The current ratings system lacks trust: Rabindra Narayan, PTC Network

During the recently held e4m media debate, Rabindra Narayan, MD and President, PTC Network, spoke for the need for multiple TV rating providers

e4m by e4m Staff
Published: Apr 25, 2024 1:34 PM  | 2 min read
Rabindra Narayan PTC Network

The current system of ratings by BARC lacks trust and credibility, said Rabindra Narayan, MD and President, PTC Network, at the e4m debate on Wednesday while asserting the need for multiple rating agencies in the broadcast ecosystem.

The e4m media debate on ‘India needs multiple TV rating providers because competition drives excellence’, held in New Delhi, was chaired by Anurag Batra, Founder of e4m and Editor-in-Chief of Businessworld Media Group.

During the debate, Narayan, who was speaking for the motion with other panellists, questioned the Broadcast Audience Research Council (BARC) ratings, particularly for news channels saying that politicians spending money to advertise on news channels and not GECs, is proof enough that the genre is doing much better than the ratings given by BARC.

“The fact that we are having this discussion, implies that the current system lacks trust. It lacks credibility. BARC analyses only linear TV that is beamed and received through satellite and cable. TV viewing today is not just linear TV, it also has several forms like connected TV and Fast TV coming on the same screen but BARC is not measuring it,” he said.

Narayan further said that it was time to innovate and look at content rating rather than just television rating points.

“As per BARC, news genre reach is 6-7% in the entire country, if that is true then why are politicians eager to spend on advertising on news channels? Why not on GECs? Why all the money spent by advertisers to reach maximum consumers, based on this Bible (BARC) which is junk? Why are we fighting for TV rating points and not content rating points when the technology and the system is changing?

“The current system of ratings (by BARC) is flawed, biased as it is controlled by a handful of people. Broadcaster lobby is controlled by four business houses so it will always remain in their favour. The data shows it,” he argued.

In his concluding remarks, Narayan said that BARC needs to improve and for that it does not even need to invest in more meters than it already has because cable operators and DTH are now digitised.

“They don’t even need to invest more. They don’t even need more meters than the ones installed already because every cable operator is now digitised and has two-way addressable communication available,” he said.

e4m Media Debate 2024: Call for multiple ratings agencies to break monopoly

Industry players discussed the authority of the current ratings system and whether having multiple agencies will cause increased complexities, discrepancies and expenses

e4m by e4m Staff
Published: Apr 25, 2024 9:07 AM  | 9 min read
e4m Media Debate 2024

Indian TV news media and advertisers today rely solely on the data released by the Broadcast Audience Research Council (BARC) India to strategise media plans and budgets. 

Hence, many suggest having multiple rating systems which will allow for a more nuanced understanding of viewership patterns across different demographics. 

Rabindra Narayan, MD and President, PTC Network; Mona Jain, Chief Revenue Officer, Zee Media, and Karthik Sharma, Group CEO, Omnicom Media Group believe a multi-ratings system will drive excellence amidst competition. 

On the other hand, multiple ratings systems may also present challenges such as increased complexity, potential discrepancies in ratings, and higher costs for broadcasters as well as advertisers.

The current system of ratings is “flawed” and “biased, as it is controlled by a handful of people,” was the view of the industry veterans who advocated the need for multiple rating agencies instead of just one, which is currently the BARC, saying “monopoly makes people complacent”

During the debate, things got intense when some of the panellists, who were speaking for the motion, questioned BARC ratings, particularly for news channels saying that politicians spending money to advertise on news channels and not GECs, is proof enough that the genre is doing much better than the ratings given by BARC. 

To present a viewpoint against the motion, Chintamani Rao, Strategic Marketing and Media Consultant, Rajiv Dubey, Head of Media, Dabur India, and Varun Kohli, Director and CEO, Bharat Express News Network joined the debate at e4m’s Media Debate in New Delhi. Dr. Annurag Batra, Chairman and Editor-in-Chief, BW Businessworld Media Group and Founder, e4m Group, chaired the debate. 

Jain opened the discussion and said, “There is a dependency of an advertiser to take up a particular media plan via the agency. On the other hand, the broadcaster is absolutely at the mercy of the measurement system which decides where you rank. The issue is nobody looks at what the reality on ground is. Hence, I have started telling agencies and advertisers to also look at my digital platform’s ranking but the rating in BARC still holds significant value for them.” 

She further suggested we should have an authenticated, validated, acknowledged currency which is recognised and valued by advertisers and agencies as well.

Presenting an opposing stand, Rao explained, “There many doubts about BARC and its functioning but I continue to maintain that audience measurement is no business of the government.” 

At the end of the day, it is not about the number of vendors but how they are managed. Two poorly managed are not better than one, he added. The key issue is that BARC is dominated by one of its constituents and that is the one which is being measured. 

“If advertiser’s money fuels the entire media ecosystem, why did they accept a structure with Indian Broadcasting & Digital Foundation (IBDF) at 60 percent?” questioned Rao. 

Sharma, who joined virtually, expressed that if we forget the industry for a while, why do we need the NSE and BSE? Why do we need CIBIL and Experian? The short answer is innovation and competition. If there would be no competition, we would have one brand in every category we operate in. 

“Even in a market like the USA, which has the largest AdEx market, there are two systems. Even the UK, Australia, Malaysia, Philippines and so many more countries have two audience measurement systems. In a largely populated country like India two systems will help in better sampling and segmentation,” he added. 

Dubey took the stage right after and spoke about how one, two or multiple rating systems don’t matter to an advertiser. At the end of the day, it should help the brand sell. His objective is to reach out to the consumers in the cheapest possible manner. 

“The idea of BARC was to have a robust system which could measure everyone well. Have we been able to do that? Probably yes or probably no,” he said. 

With changing times, the audience needs have changed and NCCS was a system that measured the class of people based on the ownership of consumer durables. But now, the newly proposed ISEC fulfils those gaps. 

Consumers have also started consuming content on different platforms, more towards digital and OTT. Dubey believes, “We haven’t been able to measure that audience correctly yet. Hence, the Indian TV industry needs one system and that system needs to be strengthened in such a way that it measures TV and digital audience equally.” 

On having multiple audience measurement systems, the Dabur spokesperson said, “To solve the problem, you should not create another problem, but fix the problem instead.” 

Narayan of PTC, who stood for the motion, expressed, “The fact that we are standing here and debating the issue, implies the current system lacks trust and credibility. We are also setting the premise that by TV ratings, we only mean linear TV ratings because that is what BARC does.” 

He further shared that BARC does measurement via image mapping and hence, when any channel puts its watermark on any platform, it should become measurable for BARC since they already have the technology for it. 

“Then why don't they? Because they need more focus on analysis, not more investment. The trouble is the ecosystem is not allowing the expansion of those ratings,” he added. 

Today, BARC says 9 out of 100 people watch PTC, which is impossible and advertisers bargain for the ad rates accordingly. The channel today continues to invest in good shows but advertiser interest is low due to BARC’s data. If there is any truth to this, why wouldn’t players like PTC fight for multiple ratings systems?

“When Chandrayaan was launched, everyone in the world and India was watching it but if you see the BARC data, that particular week the ratings of the news genre went down. Is that even possible? News genre is much higher than what BARC is projecting,” Jain added.

Even on a day like the launch of Chandrayan, there was no spike on BARC data. Jain and Narayan both believe the current system is flawed and biased because it is controlled by a handful of people. 

“The fact that we are having this discussion, implies that the current system lacks trust. It lacks credibility. BARC analyses only linear tv that is beamed and received through satellite and cable. TV viewing today is not just linear tv, it also has several forms like connected TV and Fast TV coming on the same screen but BARC is not measuring it,” Narayan said.

Narayan further said that it was time to innovate and look at content rating rather than just television rating points.

“As per BARC, news genre reach is 6-7% in the entire country, if that is true then why are politicians eager to spend on advertising on news channels? Why not on GECs? Why all the money spent by advertisers to reach maximum consumers, based on this Bible (BARC) which is junk? Why are we fighting for TV rating points and not content rating points when the technology and the system is changing?

“The current system of ratings (by BARC) is flawed, biased as it is controlled by a handful of people. Broadcaster lobby is controlled by four business houses so it will always remain in their favour. The data shows it,” he argued.

Kohli of Bharat Express, said, “BARC came into existence because publishers wanted a different rating system and then a mechanism was conceived. Now, questioning that system just because ratings aren’t in the right proportion or it doesn’t map digital audiences and to further ask for a separate body, I dont think is the right way.” 

The industry needs to come together and exercise jurisdiction with BARC to tell them what more is needed and where they can get better, he suggested as a solution. 

Rao also suggested it is better to have an aggregator rather than multiple players. In that case, the aggregator can also become the provider of data. BARC can always collect multiple data from various sources and present it. 

The mapping of the audience correctly will also solve the problem in a way, which will be done with ISEC majorly. Having a unified measurement is also another solution, said Dubey. 

According to Sharma, “Having more than one player will definitely fuel innovation and have a little competition, which is good. Different rating systems could also focus on different target segments, cohorts and more.” 

“We need to focus on screens and not linear tv or digital. It is a screen-based world and people are just consuming content which is meaningful for them. So different types of consumptions require different types of measurements. My argument is innovation is critical as it is high time.

“Consumer is looking at the screen through mobile or TV sets. How are we measuring it? Some competition is healthy. It is important to have a mindset of how one system can help the other. The current system is not wrong but the newer system can enhance what we have,” he said.

Narayan concluded, “Television viewing and consumption has changed. Either BARC grows up to the changing times or others should come in and fill the gap. The market forces will decide who will remain and who will go, whose data is authentic and whose is not. There is no need for a debate here.”