India Media Monitor (Issue 4)
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India Media Monitor (Issue 4)

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A fortnightly newsletter covering developments in the Indian media industry. The newsletter is free and is also available for download at G2Mi.com. G2Mi.com is a leading website providing ...

A fortnightly newsletter covering developments in the Indian media industry. The newsletter is free and is also available for download at G2Mi.com. G2Mi.com is a leading website providing information and analysis on the global media industry.

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India Media Monitor (Issue 4) Document Transcript

  • 1. India Media Monitor India Media Monitor | Fortnightly newsletter on the Indian media industry | Issue No. 4, Published 1ST June 2009 | Published by Heernet Ventures Limited (heernet.com) | News Bharti Airtel restarts merger talks with MTN Big Cinemas enters Netherlands Mint launches new edition in Kolkata NDTV MetroNational launches NDTV Hindi channel Pyramid Saimira appoints N Narayanan as Chairman Indyarocks launches online video offering Tata Communications announces 2008-09 financial results Mint launches new edition in Kolkata Airtel in partnership with AeroMobile IDG launches ad network in India Entertainment Network (India) Ltd announces 2008-09 financial results Cinepolis enters India HT Media announces restructuring plans and full year results Data Share price data Deal sheet Radio audience analysis Advisory services Heernet Ventures publishes this newsletter as part of its research coverage of the Indian media industry. You can access more research on the Indian media industry from our research website at G2Mi.com. If you are a media company or financial investor seeking growth opportunities in the Indian media industry, we can assist you to ensure that you are successful in identifying and executing the best opportunities. With dedicated teams in both London and India, we are well placed to provide ‘on the ground’ assistance and support. We can help you understand the structure of the Indian media industry and the key challenges that exist for foreign investors. We can also assist with deep analysis of key industry segments and assist you in both identifying and negotiating with suitable, local companies. Over the last five years, we have worked on assignments across the publishing, Internet and broadcasting sectors. For an initial discussion, contact Harjinder Singh-Heer on +44 (0) 208 180 7223 or by email on harjinder@heernet.com. © Heernet Ventures Limited. All Rights Reserved
  • 2. India Media Monitor News Pyramid Saimira appoints N Narayanan as Tata Indicom in partnership with Yahoo! India Chairman Date 26th May, 2009 th Date 27 May, 2009 Tata Indicom has entered into a partnership with Yahoo! Pyramid Saimira has appointed N Narayanan as Chairman India to offer a unique user interface to Tata Indicom following the resignation of P S Saminathan, who will subscribers. Yahoo! India will be the default homepage on remain with the company as Managing Director. all Tata Indicom Internet access devices and Tata Indicom subscribers will have access to all Yahoo services including Yahoo mail, Yahoo search and Yahoo News. Indyarocks launches online access to video channels Date 27th May, 2009 Rediff launches its international website Indyarocks.com has begun to offer online access to video Date 26th May, 2009 channels through an agreement with nautanki.tv. The Rediff.com India Ltd has launched its international website, channels on offer include MTV, Channel (V) and Zee News. designed for clear resolution on mobile phone screens (and Nautanki.tv is an online distribution platform. also compatible with PC screens). Rediff.com India is an online portal in India. Bharti Airtel plans share swap deal with MTN Date 26th May, 2009 Chairman of Prasar Bharti resigns Bharti Airtel has restarted merger talks with MTN, the South Date 26th May 2009 African telecoms company. The deal is expected to be Arun Bhatnagar has resigned as Chairman of Prasar Bharti; valued at approximately US$20-23 billion and is likely to be he replaces MV Kamath. Arun Bhatnagar was previously based on a share swap. Following the merger the company Secretary General of National Advisory Council. The would have a combined customer base of more than 200 Chairman’s term is now limited to three years. million subscribers and would generate annual revenues of US$20 billion. Big Cinemas enters Netherlands Date 26th May, 2009 Tata Communications announces 2008-09 financial results Big Cinemas has entered into a partnership with Pathe th Date 26 May, 2009 Theatres, a Dutch company, to set up 3 cinema screens in the Netherlands. These screens will be built in Pathe’s Tata Communications Ltd, a telecom company, has declared existing megaplexes in Amsterdam, Rotterdam and the its annual results for the year ended March 2009. The Hague. Big Cinemas already owns 230 cinema screens company’s revenue increased 20.1% to INR99.6 billion. outside India. Y/E March 2009 Mint launches new edition in Kolkata 2008 2009 % change (INR Billion) Date 25th May, 2009 Revenue 82.9 99.6 20.1% Mint, a daily business newspaper, has launched a new EDITDA 8.8 13.5 53.4% edition in Kolkata. It will be retailed for INR3 and is Net Profit 0.1 3.2 N/M targeted at business people in cities. Mint, a joint venture Source: Company data between HT Media and The Wall Street Journal, currently has a readership of 200,000 daily readers. © Heernet Ventures Limited. All Rights Reserved
  • 3. India Media Monitor IDG launches ad network in India Images Group launches Shoes and Accessories magazine Date 21st May, 2009 Date 20th May, 2009 International Data Group (IDG) has launched IDG TechNetwork, an online ad network in India. The network Images Group has launched a new monthly magazine, Shoes allows publishers to advertise on various websites. IDG and Accessories. The magazine is a trade periodical operates in media, events, technology and research. covering developments in the footwear and accessories industry; it is targeting a circulation of 25,000 and has a cover price of INR100. Entertainment Network (India) announces 2008-09 financial results st Date 21 May, 2009 NDTV MetroNational launches NDTV Hindi channel Entertainment Network (India) Ltd, operator of Radio Mirchi, has declared its annual results for the year ended Date 20th May, 2009 March 2009. The company’s revenue increased 3% to NDTV MetroNation and The Hindu have formed a joint INR42.7 billion. venture to launch NDTV Hindu an English news channel focused on Chennai. The Hindu is a newspaper publishing company and NDTV MetroNation is an English news Y/E March 2009 (INR Billion) 2008 2009 % change channel operated by NDTV. Revenue 4.1 4.3 4.9 BSNL launches mobile value-added services EDIT -0.4 -0.7 N/M Net Profit -0.2 -0.7 N/M Date 19th May, 2009 Source: National Stock Exchange Bharat Sanchar Nigam Limited (BSNL) has launched three value-added services: video telephony, video surveillance and mobile advertising. Video telephony services were Cinepolis enters India launched in 12 states in association with Sai InfoSysems Date 21st May, 2009 Ltd. Video surveillance and mobile advertising services were launched in association with Rivacom Pvt Ltd. Cinepolis, a Mexican multiplex chain, has entered India and plans to build 110 movie screens in India in the next 2-3 years, with 10 or more screens per multiplex. It is the first HT Media results and restructuring plans international multiplex operator to enter India. Date 19th May, 2009 HT Media Ltd plans to separate its English and Hindi Forbes launches in India language newspapers. It also plans to publish more regional Date 21st May, 2009 newspapers as the sale of Hindi language newspapers is higher than those in English. Forbes and Network 18 have entered into a partnership to launch Forbes India, an Indian edition of Forbes magazine. HT Media has also declared its annual results for the year The magazine will be published bi-weekly. A 30 minute ended March 2009. The company’s revenue increased 12% Forbes India show will also be broadcast on CNBC-TV18 to INR13.4 billion. every week as one of the services offered by Forbes India. Y/E March 2009 (INR Billion) 2008 2009 % change Revenue 11.9 13.4 12.6% EBDIT 2.6 2.2 -15.4% Net Profit 1.4 0.9 -35.7% Source: company data © Heernet Ventures Limited. All Rights Reserved
  • 4. India Media Monitor Time Square Media launches Network2media.com Geodesic acquires Interactive Network Date 18th May, 2009 Date 18th May, 2009 Times Square Media has launched Network2media.com, a Geodesic Limited, an India-based mobile and desktop B2B website on the out-of-home industry. The website will communications company has acquired 100% of Interactive offer news, technological developments and interviews Networks Inc, a provider of advanced instant messaging relating to the out-of-home industry. software and value-added services based in South America. Geodesic’s services include instant messaging, SMS over IP and Internet radio. The Wall Street Journal Asia commences printing operations in India th Date 18 May, 2009 Bharti Airtel reaches 100 million subscribers The Wall Street Journal Asia has commenced printing Date 16th May, 2009 operations in India. It will publish the Wall Street Journal Bharti Airtel’s subscriber base has crossed the 100 million Asia, a global business title, through The Express Group in mark, making it is the first operator in India to reach this New Delhi and Mumbai. The paper will be available in threshold. Airtel has now become the third largest single major cities across India. operator of mobile services in the world. © Heernet Ventures Limited. All Rights Reserved
  • 5. India Media Monitor Share Price Data Company name Reuters Bloomberg Currency Current % Change Code Code price 1 mth 6 mth 12 mth Diversified Media Adlabs Films ADLF.BO ADLF:IN INR 351.05 71.24% 124.67% -45.15% UTV Software Communications UTVS.BO UTV:IN INR 390.55 29.54% 60.39% -50.56% Broadcasting Balaji Telefilms BLTE.BO BLJT:IN INR 56.90 40.67% -6.87% -69.30% Entertainment Network India ENIL.BO ENIL:IN INR 202.95 39.87% 91.46% -50.89% ETC Network ETNT.NS ETCN:IN INR 124.60 83.10% 97.78% -48.08% IBN Broadcast IBN.NS IBN18:IN INR 122.40 40.85% 17.69% 0.37% NDTV NDTV.BO NDTV:IN INR 169.15 64.22% 125.23% -60.01% Sun TV SUTV.BO SUNTV:IN INR 252.25 37.09% 99.41% -18.64% TV Today Network TVTO.NS TVTN:IN INR 107.40 37.87% 95.10% 4.83% Zee Entertainment ZEE.NS Z:IN INR 168.30 54.40% 47.89% -28.73% Zee News ZEEN.NS ZEE:IN INR 45.00 36.78% 63.34% -16.04% Publishing Deccan Chronicle DCHL.BO DECH:IN INR 76.00 32.17% 69.60% -44.53% Mid day multimedia MIDD.BO MIDM:IN INR 20.65 58.85% 89.45% -31.05% Navneet Publication NAVN.BO NPI:IN INR 7.00 42.17% 83.17% -19.87% HT Media HTML.BO HTML:IN INR 124.05 84.05% 83.78% -8.59% Jagran Prakashan JAGP.BO JAGP:IN INR 71.85 27.17% 46.33% -12.75% Entertainment K Sera Sera Productions KSER.BO GPM:IN INR 14.50 38.76% 3.57% -50.00% Mukta arts MUKR.BO MUKR:IN INR 50.30 25.75% 16.17% -47.19% Prime Focus PRFO.BO PRIF:IN INR 190.04 79.62% 4.21% -64.68% Pritish Nandy Communications PNCL.BO PRTN:IN INR 29.00 70.26% 72.78% -46.81% Pyramid Saimira Theatre limited PYSA.BO PSTL.IN INR 27.30 73.33% -29.91% -91.97% Crest Animation CRCO.BO CRSA:IN INR 21.65 -7.08% 3.59% -66.01% PVR limited PVRL.BO PVRL:IN INR 118.40 47.08% 60.65% -36.51% Internet Info Edge INED.BO INED:IN INR 677.55 29.06% 67.01% -31.90% Northgate Technologies NOTC.BO NORT:IN INR 44.70 1.43% -24.09% -88.80% © Heernet Ventures Limited. All Rights Reserved
  • 6. India Media Monitor Deal Sheet A summary of key deals and joint ventures over the last 3 months. Date Sub Sector Investor Investee Terms Details May-09 Value-added Geodesic Ltd Interactive 100% stake Geodesic Ltd is a communications and entertainment services Networks Inc solutions provider. Interactive Networks Inc is a value- added services provider in South America. May-09 Advertising Ybrant Digital Dream Ad n.a. Ybrant digital is an e-marketing company. Dream Ad is an ad network based in Argentina. May-09 Television Zee Entertainment Resource 40% stake for Zee Entertainment Enterprise Ltd is an entertainment Enterprise Ltd Software US$56 million company. Limited May-09 Telecommuni Sahara Group S Tel 11.7% stake S Tel is a Chennai-based telecom company. Sahara Group cations is an entertainment conglomerate. Apr-09 Advertising Future Group Dhar & Hoon 60% stake Future Group is a major retail company in India. Dhar & Hoon is a mid-sized advertising company. Apr-09 Television Oman Investment Fund Neo Sports INR2.58 billion Oman Investment is an Oman-based venture capital (Oman) and 3i Broadcasting company and 3i is a Mauritius-based investment company. (Mauritius) Neo Sports is owned by Zenith Sport, a subsidiary of Nimbus Communication Ltd. Apr-09 Outdoor Hype Integracomm Pvt Asawari n.a Hype Integracomm Ltd is a Mumbai-based advertising advertising Ltd (India) Publicity company. Asawari Publicity is a Pune-based outdoor advertising company. © Heernet Ventures Limited. All Rights Reserved
  • 7. India Media Monitor Data Radio Audience data Week: 19, 2008 Mumbai Delhi Channel Broadcaster % Share Channel Broadcaster % Share Fever Fm HT Music 16.5% Radio Mirchi ENIL 25.8% Red FM Sun TV, NDTV, Value Labs 15.0% AIR Fm All India Radio 15.4% Radio Mirchi ENIL 15.0% Fever FM HT Music 14.4% Big FM Adlabs Radio 14.4% Radio City Music Broadcast Private Ltd 10.7% Red Fm Sun TV, NDTV, Value Labs 8.7% Air Gold All India Radio 12.1% Radio One Mid-Day Multimedia 6.4% Radio City Music Broadcast Private Ltd 11.3% Big Fm Adlabs Radio 6.2% Radio One Mid-Day Multimedia 5.3% Meow Fm Radio Today Broadcasting Ltd 4.1% AIR FM Rainbow All India Radio 4.2% AIR FM Rainbow All India Radio 3.1% Akashwani All India Radio 2.2% Hit FM Clear Media 2.9% Meow FM Radio Today Broadcasting Ltd 2.2% Vividh Bharti All India Radio 2.0% Vividh Bharti All India Radio 1.8% Akashwani All India Radio 0.2% Bengaluru Kolkata Channel Broadcaster % Share Channel Broadcaster % Share Big FM Adlabs Radio 19.9% Radio Mirchi ENIL 19.6% Fever Fm HT Music 16.3% Big Fm Adlabs Radio 15.7% Radio Mirchi ENIL 14.3% Friends FM Ananda offset 12.2% AIR Fm All India Radio 12.5% Amaar Fm Hitz fm 10.1% Radio City Music Broadcast Private Ltd 10.9% Red Fm Sun TV, NDTV, Value Labs 9.8% Radio One Mid-Day Multimedia 10.2% Fever Fm HT Music 7.2% S FM Udaya TV 8.0% Radio One Mid-Day Multimedia 6.6% Vividh Bharti All India Radio 3.5% Meow Fm Radio Today Broadcasting Ltd 5.9% Radio Indigo India Radio Ventures 3.1% Air FM Rainbow All India Radio 4.2% Gyan Vani All India Radio 0.8% AIR FM Gold All India Radio 3.5% Akashwani All India Radio 0.5% Akashvani All India Radio 2.5% Power Fm India fm 1.3% Vividh Bharati All India Radio 1.2% © Heernet Ventures Limited. All Rights Reserved
  • 8. India Media Monitor Published by: Heernet ventures limited London UK, Gurgaon India Tel: +44 (0) 208 180 7223 Fax: +44 (0) 870 762 3014 Web: heernet.com, G2Mi.com © Heernet ventures limited 2009. All Rights Reserved. All corporate logos, images and brands are copyright of the respective companies. TERMS & CONDITIONS OF USE Every attempt has been made to ensure that the information in this report is correct at the time of publication. Heernet ventures limited and its directors do not accept any liability for any errors or omissions within this report. Unless specified, the views expressed in this report are purely those of the author. The content of this report does not in anyway constitute investment advice or investment recommendations. Heernet ventures limited does not provide investment advice or investment advisory services and is not regulated by the Financial Services Authority (FSA) in the UK or any other financial services regulator in any other country. The content of this report can not be reproduced without the written permission of the author. This copy must not be circulated in either electronic or print format outside of the purchasing organisation. © Heernet Ventures Limited. All Rights Reserved