Lokmat comes to Goa; market underserved, feel print players

Known more as a tourist destination and its beaches, Goa has been able to withstand the current economic slowdown well. The print market in the state is served by five Marathi newspapers and four English papers. Now there is a new addition with the launch of Marathi daily Lokmat on April 21, 2009.

e4m by exchange4media Staff
Published: Apr 22, 2009 8:32 AM  | 4 min read
Lokmat comes to Goa; market underserved, feel print players

Known more as a tourist destination and its beaches, Goa has been able to withstand the current economic slowdown well. The print market in the state is served by five Marathi newspapers and four English papers. Now there is a new addition with the launch of Marathi daily Lokmat on April 21, 2009.

Ad revenues wise, Goa is around a Rs 50-crore market. This ad potential comes from many categories – right from pharmacy, mining, medical tourism, real estate, wineries, and educational institutes to personal and political ads forming a large chunk.

Lokmat has been launched in Goa with an initial print run of 51,000 copies. The paper is priced at Re 1 and is targeted at the largely Hindu-dominated pockets of Goa – Ponda, Bicholim, Sattari, Sanguem, Pernem and Quepem.

Among the officially-accredited newspapers in Goa are: English dailies The Navhind Times, The Herald Times and The Gomantak Times; and Marathi dailies Gomantak, Tarun Bharat, Navprabha, Pudhari, Goa Times, Sanatan Prabhat, and Govadoot. These apart there is also Sunaparant in Devanagiri-script Konkani. Gomantak was once the leading daily of Goa before being overtaken by Tarun Bharat. Of late, Govadoot has been emerging as the most popular daily in the state.

In a bid to understand the market potential in Goa, exchange4media spoke to some top officials of the Lokmat Group and some media players.

Jwalant Swaroop, Director - Advertising and Business Development, Lokmat Group, said, “Goa is usually seen as a tourist destination, whereas Goa is a market of its native people, tourists are just a floating crowd. Not only is the market underserved, but also underestimated. Goa is a cosmopolitan city, and Lokmat will give this cosmo city a newspaper with huge national perspective along with local taste. We will try and bring new innovation with more freshness in the content. New players coming into Goa will not only determine the growth, but also redefine the market. Lokmat is entering the market with the intention to bring about some positive changes.”

Commenting on the potential of the Goa market, Bharat Kapadia, Director, Lokmat, said, “I feel Goa is a good market and has huge potential – one, it has not been hit by the current slowdown, and secondly, people have huge spending powers. Also, I think the market is underserved. Goa has a sizable Marathi speaking population. Out of the 15 lakh population, about 24 per cent is Catholic, which hardly reads the local language.”

“Advertisers that want to be in Maharashtra want to be in Goa as well. The Maharashtra market is highly competitive in advertising revenue. If an advertiser is running a campaign in Maharashtra, he would want to run it in Goa as well,” added Kapadia.

While Devendra Darda, Executive Director, Lokmat Group, said, “Despite several players, Goa is an underserviced market. The spending power of Goans is high.”

On a different note, Anita Nayyar, CEO, MPG Asia Pacific, said, “There has always been hidden potential in the Goa market, but it is small. The market is not too big and there is not too much for the media to explore. The market can only target a small set of TG, especially the tourist TG.”

Manas Mishra, Executive Vice President, Mudra Connext, was of the opinion, “Goa is a cosmopolitan market and the launch of TOI has been quite successful, but this does not necessarily mean that if the market has taken up one paper well the others should follow. I don’t see a reason for everyone to be heading there. For Lokmat to be entering the Goa market was expected, as they are well spread and read in the Maharashtra region, also possibly they might come up with an English addition soon too.”

The largest Marathi paper in Goa so far is Tarun Bharat with a circulation of 41,733 (ABC JJ '08), followed by Gomantak with a circulation of 28,315 (ABC JD '08).

The Lokmat Group publishes newspapers in three languages – Lokmat (Marathi), Lokmat Samachar (Hindi), and Lokmat Times (English).

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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