TOP ENGLISH NEWS CHANNEL & THEIR FINANCIAL RESURGENCE

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TOP ENGLISH NEWS CHANNEL & THEIR FINANCIAL RESURGENCE
REPORT:
    NEWS CHANNELS

                                                      TOP ENGLISH NEWS
                                                      CHANNEL & THEIR
                                                      FINANCIAL
                                                      RESURGENCE
    NEWS is where the major action has been in the pandemic era. Despite the controversies galore,
     the news channels have held on steady in terms of the advertising revenues in the Covid era.
           We take a look at the leading news channel and how their numbers stacked up.

NDTV                                       state monopoly and transitioned into      management of a number of broadcast
        New       Delhi     Television     the first independent news network in     channels including the lifestyle
Ltd (commonly abbreviated as NDTV)         India. The company launched the first     channel NDTV Good Times, the
is an Indian news media company            24x7 news channel in partnership          infotainment channel Astro Awani and
focusing on broadcast and digital news     with Star India in 1998.                  the news channel Independent
publication. The company is                        Between 1998 and 2003, NDTV       Television through various joint
considered to be a legacy brand that       was in an exclusive agreement with Star   ventures.
pioneered independent news                 India to produce all its news segment.    NDTV Revenue
broadcasting in India, and is                                                                News broadcaster NDTV's
credited for launching the                                                           consolidated revenue from operations
first 24x7 news channel and the                                                      for the quarter ended 31st December is
first lifestyle channel in the                                                       ` 105.83 crore compared to ` 93.67 crore
country. It owns and operates                                                        in the same period last year.
the broadcast news channels                                                                  Total expenses stood at ` 82.4
of NDTV India and NDTV 24x7.                                                         crore compared to ` 85.03 crore a year
The two channels of the                                                              ago.
company have received 32 Ramnath           In 2003, the company became an                    The company said that it has
Goenka Excellence in Journalism            independent broadcasting network          delivered the best third quarter results
Awards.                                    with the simultaneous launch of the       in the last 11 years with a net profit of
        NDTV was founded in 1984, by       Hindi and English language news           ` 22.69 crore compared to ` 12.13 crore.
the journalist Radhika Roy and the         channels known as NDTV India and                  The company posted an
economist Prannoy Roy, a husband and       NDTV 24x7. It also launched a business    operating profit of ` 32.64 crore from
wife duo from the city of Kolkata in the   news channel NDTV Profit which was        the television media and related
state of West Bengal. It began as a        later converted into an information and   operations segment compared to ` 19.09
production house for news segments         entertainment channel NDTV Prime.         crore.
for the public broadcaster Doordarshan     The company has had business                      Revenue from the segment was
and international satellite channels       interests in general entertainment and    ` 105.83 crore compared to ` 92.23
when television broadcasting was a         e-commerce, and is part of the            crore.

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TOP ENGLISH NEWS CHANNEL & THEIR FINANCIAL RESURGENCE
REPORT:
    NEWS CHANNELS
        The company reported nil           owned by Network 18 and                     ` 52 crore in the corresponding period
revenue from the e-commerce/retail         WarnerMedia. CNN provides                   the previous year.
segment.                                   international coverage for the channel,             "Rise in the ranking of our
        On a standalone basis, NDTV's      while Indian Broadcasting Network           flagship entertainment channel and
revenue from operations stood at `         concentrates on Indian and local            upsurge in news consumption helped
56.37 crore compared to ` 55.35 crore.     reports.                                    the group post growth in ad-revenues
        The company’s expenses                     In May 2014, Reliance               in the quarter, even as advertising was
were ` 51.56 crore compared to ` 51.85     Industries announced it would be            severely impacted during late-Q4 due
crore.                                     taking over Network18. The move was         to the COVID-19 related lockdown," the
        Net profit increased to ` 10.53    touted as "the biggest-ever deal in the     company said.
crore compared to ` 6.66 crore.            Indian media space". Reliance                       TV18 Broadcast said its profit
        According to NDTV, this is the     Industries already had indirect control     for the financial year 2019-20 surged
company's best quarterly result in the     of the TV18 network by virtue of            98.57% to ` 417 crore and revenue grew
last eight years.                          investments it made in Network18            by 5% to ` 5,175 crore compared to the
        NDTV Convergence, the              starting from January 2012.                 previous year.
company's digital arm, has marked its                                                                         The full-year
best quarter ever with a profit of more                                                                  operating EBITDA
than ` 10 crore; its revenue has                                                                         stood at ` 703 crore,
increased by 32% over the same quarter                                                                   growing 124% over
last year.                                                                                               ` 314 crore reported in
        Despite       the     business                                                                   the previous fiscal.
challenges thrown up by the pandemic,                                                                         TV18 said the
the company has so far in this financial                                                                 benefits       of     a
year reduced its bank borrowings by `                                                  transparent and non-discriminatory
                                           CNN NEWS18 Revenue
27 crore.                                                                              B2C regime created by the
                                                   TV18 Broadcast, a subsidiary of
        “NDTV thanks every member of                                                   implementation of the NTO (New Tariff
                                           Network18, has registered a 373.33%
its team for ensuring quality news was                                                 Order) in Q4FY19 continued to accrue
                                           year-on-year growth in Q4FY20
delivered to its vast audience despite                                                 for the entire FY20.
                                           consolidated profit due to strong
the many impediments presented by the                                                          Distribution improvements
                                           revenue and operating EBITDA.
Coronavirus outbreak. Its reporters and                                                through tie-ups with cable and telecom
                                                   The profit for the quarter stood
crews have travelled all over the                                                      platforms boosted the reach and
                                           at ` 142 crore, up from ` 30 crore in the
country to share the most credible and                                                 enlarged the value-proposition of
                                           same period last year.
latest information on how India is                                                     channel brands across a varied cross-
                                                   Controls on operating
handling the pandemic,” the company                                                    section of viewers, it added.
                                           expenses and subscription revenue
said in a statement.                                                                           TV18's Q4 average viewership
                                           growth more than filled in for the
        It further stated that the                                                     share in news was 10.5%, up from 10.2%
                                           decline in advertising helped the
management is aware that the financial                                                 in Q3; while TV18 group's Q4
                                           news business remain profitable, the
challenges of an economic slowdown                                                     entertainment viewership share was
                                           company said.
continue to linger, with advertising yet                                               9.9% in Q4 versus 10.1% in the last
                                                   Revenue from operations
to recover to pre-Covid levels; it is                                                  quarter.
                                           grew by 21% year-on-year to ` 1,425
focused on mitigating any risk                                                                 The       contribution        of
                                           crore in the quarter ended March
presented by this for the next few                                                     subscription to the revenue mix has
                                           2020, the company said in its BSE
quarters.                                                                              increased to 35% in FY20 from 26% in
                                           filing. Linear TV subscription revenue
                                                                                       FY19, the company said.
                                           growth was at 41% in Q4 and B2C
CNN NEWS18                                 annuity nature provided solidity, it
       CNN-News18 (originally CNN-         added.                                      INDIA TODAY TV
IBN) is an Indian English-language                 Its operating earnings before             India Today (formerly
news television channel founded            interest, tax, depreciation and             Headlines Today) is a 24-hour
by Rajdeep Sardesai located in Noida,      amortisation (EBITDA) for the quarter       English language television network
Uttar Pradesh, India. It is currently      shot up 365% to ` 240 crore against         based in Noida, Uttar Pradesh that

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TOP ENGLISH NEWS CHANNEL & THEIR FINANCIAL RESURGENCE
REPORT:
    NEWS CHANNELS
carries news, current affairs and                   Income from others stood at         channel in India in its first week of
business programming in India. The           ` 27.55 crore in the current quarter       airing in May 2017 with 21.1 lakh (2.11
channel is owned by TV Today                 under review versus ` 27.97 crore in       million) impressions and accounted for
Network Ltd, which is a part of Living       the same quarter of last year.             51.9 per cent viewership as per data
Media.                                                                                  released for the week by the BARC.
       The channel was launched in                                                      The Financial Express noted Republic
                                             REPUBLIC TV                                TV to be the most-watched English
2003 as a sister channel of the Hindi Aaj
Tak news channel. It is one of the four             Republic TV is a free-to-air        news channel in India for 100 weeks in
news channels from the TV Today              news channel launched in May 2017.         a row since its founding. The top news
Network stable, the others being Aaj                It was co-founded by Arnab          channel spot was taken over by DD
Tak, Tez and Delhi Aaj Tak. Alok Verma       Goswami and Rajeev Chandrasekhar,          India, a public service broadcaster, in
was brought in as the Executive              before the latter relinquished his stake   February 2019, according to the Indian
Producer to successfully launch TV           in May 2019, leaving Goswami as the        newspaper Mint.
Today group's foray into the English         majority stakeholder. Chandrasekhar
news channel category.                       was an independent legislator from         Republic TV Revenue
                                             the National Democratic Alliance who               The free-to-air (FTA) channel
India Today Revenue                          later joined the Bharatiya Janata          has been launched with 19 strategic
        TV Today Network Limited,            Party and Goswami was the former           partners, with a commitment of spent
which runs news channels Aaj Tak,            editor-in-chief of Times Now. The          of Rs 100 crore. “We are a cash positive
India Today TV and Tez, and FM               venture was funded primarily by            company, with very less debt on our
radio station Ishq FM, posted a net          Chandrashekhar          through      his   books. Also one of the reasons we have
profit of ` 12.77 crore in Q1FY21,           company Asianet News.                      been able to launch the second channel
down 75% from ` 51 crore in the                                                                       within 19 months of
corresponding quarter of the                                                                          rolling out the first one,
previous year.                                                                                        is that our delivery to
        The company’s total revenue                                                                   advertisers is highest.
for the quarter ending June 30, 2020,                                                                 We ensure a good return-
stood at ` 175 crore, down 32% from `                                                                 on-investment,” Vikas
260 crore in Q1FY20.                                                                    Khanchandani, group CEO, Republic
        The television broadcasting                  Republic TV was funded in
                                                                                        Media Network, said.
business continued to contribute             part by Asianet (ARG Outlier Asianet
                                             News Private Limited), which was                   ARG Outliner Media Asianet
with more than 82% to the total                                                         News Pvt Ltd, the holding form of
revenue from operations of the               primarily owned by Rajeev
                                             Chandrasekhar, a then-independent          Republic Media Network, narrowed
company. The revenue from                                                               its net loss to ` 77 lakh, for the year
television operations stood at `             member of Rajya Sabha who had
                                             political links with Bharatiya Janata      ended March 2018, according to
137.79 crore, down 18% from ` 167.7                                                     financial data accessed by business
crore in the same quarter last year.         Party (BJP) and was vice-chairman of
                                             the National Democratic Alliance in        intelligence platform, Tofler. The
        The radio broadcasting                                                          news network posted a net loss of `
business earned a total revenue of ` 23      Kerala. Among other major investors
                                             were Goswami himself, his wife             6.9 crore in FY17. Total revenue rose
lakh in Q1FY21 compared with ` 3.78                                                     to ` 157.5 crore in FY18 from just `
crore in the first quarter of the previous   Samyabrata Goswami, educationists
                                             Ramdas Pai and Ramakanta Panda —           1.6 crore in FY17.
year.
        The company earned ` 2.13            all of whom invested through SARG
crore during the quarter from the            Media Holding Private Ltd.                 TIMES NOW
newspaper publishing business. The                   Chandrasekhar resigned from                The Times Now is a 24-hour
contribution of the newspaper                the board, after he officially joined      English news channel in India owned
business was 1.27% to the total              the BJP in April 2018; Goswami             and operated by The Times Group. The
revenue from operations. Following           purchased back Asianet's shares in         channel launched on 23 January 2006
this, the company announced that it          May 2019.                                  in partnership with Reuters. It is a pay
will stop publishing its compact daily               Republic TV allegedly became       television throughout India. Until 2016,
Mail Today from August 10.                   the most-watched English news              it was India's most popular and most

BROADCAST AND FILM                                             30                                       MARCH - APRIL 2021
REPORT:
   NEWS CHANNELS
viewed English news channel. After        decreased by 3.47% to ` 680.96 crore        INDIA AHEAD
2016, the channel has typically ranked    as compared to ` 705.49 crore in the
                                                                                             India Ahead is a nationwide
as the second most watched English        previous year. The revenue from the
                                                                                      English News Channel. It is promoted
news channel in India.                    sale of traded products and services
                                                                                      by Andhra Prabha Media Group and
        Times Now is a 24 hour English    has increased by 78.31% to ` 458.53
                                                                                      launched in June, 2018. The Channel
news television channel that provides     crore. The event income of the
                                                                                      carries news, current affairs,
the urbane viewers the complete picture   company has also increased by
                                                                                      entertainment sports and business
of the news that is relevant, presented   28.2% to ` 261.80 crore as compared
                                                                                      programming from Indian as well as
in a vivid and insightful manner, which   to ` 204.06 crore in the previous
                                                                                      International Perspective. It's the first
enables them to widen their horizons      financial year.
                                                                                      English news channel to be beamed out
& stay ahead.                                     The company has mentioned in
                                                                                      of South India.
        TimesNnow is brought to you       its financial statement that the year
by Times Global Broadcasting, a           2018-19 continued to be a challenging
Bennett, Coleman & Co and Reuters         one for print media owing to pressure
service.                                  from escalated newsprint price and
                                                  marginal dip in advertising and
                                                  circulation revenue vis-a-vis the
                                                  previous year.
                                                  In the television news
                                                  business, the network owns
                                                  three channels - Times Now,
                                                                                              The tagline of India Ahead is
                                                  ET Now and Mirror Now.
                                                                                      “It’s Good News” which highlights the
                                                  Times Now continues its
                                                                                      vision to look ahead and aim to inform
                                                  dominance in the English
                                                                                      and influence in making a better India
                                                  News category and maintains
                                                                                      for the generation to come.
       The Times Group is the largest     its leadership position, as mentioned
media conglomerate in south Asia, with    in the ROC filing. It further stated                India Ahead was led by Chetan
Leadership in newspaper publishing;       that ET Now has dedicated itself to         Sharma as Founding CEO and Editorial
magazines; music retailing; FM Radio;     the nation's development with the           Director. He is a celebrated TV anchor,
Internet; interactive media; mobile       adoption of brand purpose- Rise with        a veteran journalist having headed
services and lifestyle television.        India. During the Union Budget              teams across leading media houses like
                                          coverage, ET Now was the                    NDTV, Zee Network and India Today,
Times Now Revenue                         undisputed leader with 82%                  ESPN Star Sports and TWI. Renowned
        Bennett Coleman and Company       viewership, the statement said.             names in the field of journalism like
Ltd (BCCL) has recorded an increase               In the entertainment business,      Sudha Sadanand, Sourav Sanyal, Sana
of 7.87% in total revenue for the year    the network owns Zoom, Movies               Khan and Jujhar Singh are leading the
ended March 31, 2019. The company         Now, Romedy Now, MNX and MN+.               team of India Ahead. In June, 2020
has posted ` 6,985.91 crore as total      The network claims that Movies Now          Andhra Prabha Group’s MD Mootha
income, compared to ` 6,476.08 crore      retains the largest share of voice          Goutam         announced        senior
for the year ended March 31, 2018.        among the target audience, with a           management changes to the English
The network’s Profit After Taxation       dominating leadership across social         new channel India Ahead. While the
(PAT) has dipped 74.83% to ` 1,52.79      media.                                      founding CEO Chetan Sharma has
as compared to ` 607.08 crore in the              TimesNowNews.com (Digital)          moved on, the channel has made a
previous year. Meanwhile, BCCL’s          started from the bottom of the              series of senior appointments. Former
advertising revenue has gone up by        comScore list in 2017 to enter the top      CNN-News18 Sudeep Mukhia has
1.7% to ` 4,845.15 crore as compared      three league in the English Digital         joined India Ahead as Group President,
to ` 4,763.47 crore in FY 2018.           News Publishing space in November           News Room Operations & Editorial
        As per the financial statement    2018. Timesnownews.com has                  Strategies.
from the Ministry of Corporate            established itself as the fastest                   The channel became the No. 1
Affairs, in FY19 the network sales of     growing digital publisher, the              channel in terms of Average time spent
publication and distribution revenue      statement reads.                            by Viewers during the Budget Week

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REPORT:
    NEWS CHANNELS
among all the English News Channels         executive, as managing producers         October, WION World Order- Talking
of India. Also, the channel is performing   respectively. Known journalists          Diplomacy and Mission Smart Cities
well in the Southern Indian States such     included Saad Hammadi, Bangladesh        2020 in December with key
as Andhra Pradesh, Telangana, Tamil         bureau chief and former correspondent    stakeholders including ministers,
Nadu and Karnataka.                         for The Guardian, Archith Seshadri,      industry leaders and distinguished
        India Ahead News Private            former CNN anchor, and Tathagata         guests.
Limited is a Private incorporated on 17     Bhattacharya, former editor of
September 2013. It is classified as Non-    the CNN web edition.
govt company and is registered at                  The current team includes         NewsX
Registrar of Companies, Hyderabad. Its      Sudhir Chaudhary as editor-in-chief             NewsX is India’s fastest
authorized share capital is ` 100,000,000   and Network18 former senior editor       growing English News Channel and
and its paid up capital is ` 99,200,000.    Palki Sharma Upadhyay as executive       enjoys highest viewership and highest
It is inolved in Reproduction of            editor. Sidhant Sibal of DD News         time spent amongst educated urban
recorded media [This class includes         joined the organisation on 1 April       Indians.
reproduction of records, audio, video       2018. Sumit Chaturvedi,
and computer tapes from master              who was earlier with ET
copies, reproduction of floppy, hard        Now and CNBC TV18,
or compact disks, reproduction of non-      looks after the business
customised software and film                news content and does
duplicating]                                morning and evening
        India Ahead News Private            business           shows
Limited's Annual General Meeting            WALLET. Republic TV's
(AGM) was last held on 29                   former news anchor Akanksha                      Ever since its acquisition by the
September 2018 and as per records           Swarup joined WION in 2018,              ITV Network, the channel has
from Ministry of Corporate Affairs          becoming one of the channel's            witnessed unprecedented growth.
(MCA), its balance sheet was last           leading faces. Sayed Mustafa Kazemi              NewsX is the News Leader and
filed on 31 March 2018.                     became Afghanistan Correspondent         sets the news agenda for the nation,
        Directors of India Ahead News       for the channel in February 2020.        with its crisp formats, straight forward
Private Limited are Gopala Krishna          Associated journalists include           reporting, pointed debates, trending
Mootha, Mahesh Bigala, Goutam               Naveen Kapoor, Digvijay Singh Deo,       hashtags, and engaging mix of stories.
Mootha.                                     Rabin Sharma, Ieshan Wani,                       It offers maximum news and
                                            Kartikeya Sharma, and Alyson le          continues to lead.
                                            Grange.                                          NewsX is owned by ITV
WION (WORLD IS ONE                                 WION, India's first Global        Network Group.ITV Network is India’s
NEWS)                                                       News        channel,     fastest growing news network, with
        WION (World is                                      continues to carve       two national news channels, four
One News) is a                                              out a niche for itself   regional news channels, two
multinational . English                                     and attains Top          newspapers and various digital assets.
language news channel                                       English        News      It employs more than 2025 people
headquartered in New                                        channel position with    across 25 bureaus/offices and has more
Delhi. It is owned by                                       highest       viewer     than 106 live video sources. The
the Essel Group and is                                      stickiness. (Source:     Network has a cumulative reach of more
part     of     the Zee                                     BARC, NCCS 22+           than 100 million viewers and readers
Media network         of                                    Male AB, All India       on a regular basis. 
channels.                                                   Urban, 0600-2400,
        The founding                                        Wk 40 - 52 '19
team included Rohit                                         Average       ATSV).
Gandhi as editor-in-                                        During the quarter,
chief, Mandy Clark,                                         the channel hosted
former CBS correspondent,                                   profitable engaging
and Mithaq Kazimi, American media           events like the E-mobility Summit in

BROADCAST AND FILM                                           32                                      MARCH - APRIL 2021
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