Zee Media Corporation reported operational revenues of Rs 194.2 crore in Q3FY19, which is a 22.6% YoY increase from Rs 158.3 crore in the same quarter last year (Q3FY18), and 15% higher over the preceding quarter from Rs 168.6 crore. Advertising revenue: Rs 175 crore, up by 21.9% YoY Subscription revenue: Rs 13 crore, up by 10.8% YoY The company's net profit doubled from Rs 12 crore in Q2FY18 to Rs 27.2 crore this quarter. Over the preceding quarter, the group's net profit increased by 58% from Rs 17.2 crore. Expenses: Operating expenses grew by 21.3% YoY to Rs 136 crore this quarter from Rs 112.2 crore in Q3FY18, largely on the back of 3 news channels launched last year: Zee Salaam, Zee 24 Kalak, Zee Uttar Pradesh Uttarakhand. EBITDA grew 26% YoY to Rs 57 crore from Rs 46 crore in Q3FY18. Notes from digital, sale of Ez Mall Digital: Zeenews.com got 665 million page views this quarter, and Zeebiz.com received 75 million page views this quarter, as compared to 5 million page views in Q3FY18. This data is as per Google Analytics. Note that Zee Media now operates only in broadcast business as it sold its e-commerce business Ez Mall Online Ltd to Altilis Technologies, a promoter group entity for Rs 8.6 crore. Zee Media gained Rs 41.2 crore from the sale of Ez Mall, which ceased to be a subsidiary of Zee Media starting June 30, 2018. Zee Media now operates 14 news channels: 1 global (Wion), 2 national and…
- AIIMS denies ₹200 crores ransom demand, servers remain down for 7th day November 29, 2022
- Here’s How Indian Government Justifies Search and Seizures of Devices November 29, 2022
- DPDP Bill, 2022: A Small Amendment May Impact Indians’ Rights to Information and Accountability November 28, 2022
- Why has the Indian central bank stopped Paytm from onboarding new online merchants? November 28, 2022
- U.S. Prohibits Imports of Blacklisted Communications Gear Over National Security Concerns November 28, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
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...