Zee Media Corporation reported a steady set of numbers and margins improved but operating costs were higher. In an interview to CNBC-TV18, Sumit Kapoor, CFO of the company spoke about the results and his outlook going forward.
CEO Tarun Katial said this is the right time to raise prices and was done to correct audience position in some of the key markets like Delhi and Chandigarh.
Tarun Katial, CEO of Reliance Broadcast said the company's performance has been impressive taking into account the improvement in the both the radio and television businesses.
Tarun Katial, CEO, Reliance Broadcast, says that the company has entered the US market with Big Magic International. The company has launched a dish network which is a combination of general entertainment content and some Indian English content.
Tarun Katial, chief executive officer of Reliance Broadcast says, the company expects to breakeven in Q4FY13.
In an interview with CNBC-TV18, Tarun Katial, CEO, Reliance Broadcast said the improved EBITDA margin was due to the good cost measures that company took throughout the year on the radio business.
A new channel has been launched in the regional space by BIG CBS, a joint venture between Reliance Broadcast and CBS. Tarun Katial, chief executive officer of Reliance Broadcast sees good traction in the TV business.
In an interview to CNBC-TV18, Tarun Katial, chief executive officer of Reliance Broadcast says, the radio business is now profit after tax (PAT) positive.
Reliance Broadcast Network is in talks with PE investors to raise USD 87 million. Chief financial officer (CFO) of the company, Asheesh Chatterjee said that the main reason for this fund raising is to reduce debt and expand its radio and television business.
Tarun Katial, chief executive officer (CEO) of Reliance Broadcast expects the television business to fetch 20-30% revenue by last quarter of this financial year. In an interview to CNBC-TV18 he said, the quarterly runrate of the television business is expected to scale up to Rs 8-15 crore ahead.
In what will be phase 3 of the country's FM expansion plan, the government expects an income of Rs 1,733 crore from the auction of the new channels. It has also approved raising the foreign direct investment (FDI) in radio to 26% from 20%. Asheesh Chatterjee, the CFO of Reliance Broadcast welcomes this move.
The FDI hike will result in informed investment in media companies, believed G Subramanium of Hathway Cables.
Reliance Broadcast has signed a term sheet with Europe’s RTL Group, the parent company of Fremantle Media. In an interview with CNBC-TV18, Tarun Katial, CEO, Reliance Broadcast threw light on the joint venture.
In an interview with CNBC-TV18, Ismail Dabhoya, CFO, Reliance Broadcast, speaks about the results and gives his outlook going forward.