The government aims to provide financial support to newspapers as the industry struggles with volatility in advertising revenues
Valuation discount to peers, better ad revenues and a leadership position in Tamil Nadu along with improved Telugu ratings to bode well for the firm, it feels.
Mihir Modi, Chief-Finance & Strategy, Zee Entertainment talking said they aim to grow ad revenues above market growth of 15-16 percent, with focus on increasing viewership.
Kapil Agarwal, Joint Managing Director of UFO Moviez is confident of ad revenues in fourth quarter to be better than third quarter.
Vikash Mantri, Media Analyst at ICICI Securities credits 9 percent of the ad revenue growth to the launch of its new channel — &TV — and the rest to its market share in other regional broadcasting channels.
Pradeep Dwivedi is confident of achieving around 15-20 percent advertising growth both in Q2,Q3 as projected in their Q1 conference call. He also does not see any significant impact of rupee depreciation on their P&L.
ul Das chief strategy officer of Zee Entertainment told CNBC-TV18 that the company has outperformed overall ad revenue growth in the industry, it was up18.5 percent at Rs 530 crore year-on-year. He further informed that there are chances to see redistribution of ad revenues going forward.
Zee Entertainment Enterprises' consolidated net profit rose 2.8 percent quarter-on-quarter - higher than expected - to Rs 193.3 crore in the third quarter of financial year 2012-13.
As the deadline for the digitisation of the cable-TV sector nears, CNBC-TV18 spoke to representatives of all the three parties concerned- multi-system operators (MSOs), broadcasters and the DTH community