Zee News, which operates six regional news channels and a business channel, has experienced a good start to the new fiscal with net profit rising sequentially 33.8% to Rs. 119.40 million and consolidated sales of Rs. 1.37 billion, down marginally from the previous quarter. Salary cuts and staff rationalization reduced personnel costs by 3.9% to Rs. 196.3 million compared to Q4-09. This resulted in a reduction in expenditure by 4.3% to Rs. 1156.82 million, despite a rise in selling, distribution and administrative costs. "Our endeavor to de-leverage the balance sheet has led to a 13% reduction in interest costs sequentially” Laxmi Narain Goel, Managing Director, Zee News said. Details: Release | Financials | Call Consolidated EBITDA is up 43.5% to Rs.248 million year on year. New businesses reduced EBITDA levels to 18.5% from 41.9% during the quarter but it is still…
- Deep Dive: What do lawyers think of the proposed changes to the Competition Act, 2002? August 16, 2022
- VLC Media Player ban completes six months but no one knows why it was axed from the Indian internet August 16, 2022
- IFF publishes IAMAI’s Draft of an industry-Led Alternative to the GAC: Know More August 16, 2022
- TLDR: Zoom MacOs loophole, Chinese apps submit algorithms, Signal breach, data localization, US FTC, more August 16, 2022
- Freedom Offer: Get Rs. 1000 Off On Our Subscription Plans August 15, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...