wordpress blog stats
Connect with us

Hi, what are you looking for?

Hindustan Times group hives off digital content businesses into new company

Media group Hindustan Times has hived off its digital content production business into a separate company, called HT Digital Information Limited. This includes the digital content production businesses of its publications Hindustan Times (English), Hindustan (Hindi) and Mint (English; Business daily). The idea, company executives said on its earnings conference call, "The content business of HT.com, Livehindustan and LiveMint, which was existing in the various parts of our print offering, have been taken out, so that the best practices can be shared and put into a separate company. The cost structure, everything will remain the same for all those three publications." It turns out that, combined, the digital content production businesses of Hindustan Times, made around Rs 35 crores in revenue, almost all of it from Hindustantimes.com and Livemint.com, with LiveHindustan contributing negligible money. HT Media declined to share the EBITDA of these digital businesses on the call, and said that it would do so at a later date. This digital content business has been valued at Rs 175 crores. How the new structure works HT Media and HMVL (Hindustan Media Ventures Ltd) will buy content from HT Digital Information, and sell advertising for them: "The revenue, in totality, of that entity is around Rs 35 crore. Revenue is going to get shared between the new company and here (HT Media Ltd). What's going to happen is, the production of digital content is what is moving that company. HT, Mint (and Hindustan) will end up purchasing content from them. Advertising will also be sold and revenue will be…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

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...

Advert

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...

News

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ