We missed this earlier Zee Media Corporation (ZMCL), which runs television news channels Zee News and Zee Business among others, has reported consolidated revenue of Rs 124.6 crore for the quarter ended September 30, 2017 (Q2FY18). This represents a growth of 23.9 % from Rs 100.5 crore in the same quarter last year. The media company's profit after tax (PAT) declined by 60.6% YoY to Rs 3.79 crore during the quarter, from Rs 9.62 crore in Q2FY17. The company posted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs 21.3 crore, registering a decline of 2.9% from Rs 21.94 crore in the same quarter last year. While advertising revenue grew by 31.2% YoY to Rs 111.1 crore for the quarter, the subscription revenue declined by 16.8% at Rs 11.73 crore as compared to Rs 14.09 crore in Q2 last year. Digital business Video streaming: Note that Zee said it is merging its digital media and entertainment business undertakings of Zee Digital Convergence Ltd, including the Ditto TV and Ozee businesses, vesting it with the parent company ZEEL. As such, digital revenues of these channels will not be reported by the company. In ZEEL's results, the company mentioned OZEE saw an average of more than 115 million video views per month during the quarter. E-commerce: During the quarter, Zee Media started an e-commerce site called EZ-Mall. During the quarter, the company invested approximately Rs 4 crore in EZ-Mall. The e-commerce company is a wholly-owned subsidiary of Zee Media. Note that Zee Media Corp. also entered the television shopping…
- Why is Twitter’s move to withhold accounts amid internet shutdown in Punjab problematic? March 21, 2023
- RTI: No details on how many entities have complied with CERT-In’s cybersecurity directions March 21, 2023
- Flipkart Not Required to Take “Action” on Copyright Complaints Under Platform Regulation Rules: Delhi HC March 21, 2023
- RTI: Indian govt says registration on U-WIN “not compulsory” yet for vaccination, but is the information public? March 21, 2023
- Cybersecurity rules: Only 15 entities reported incidents within the stipulated 6 hours, RTI reveals March 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
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...
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...