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Promoters of Zee Telefilms, Subhash Chandra and Associates and its foreign promoters, have diluted their stake by almost seven per cent last fiscal year in the company to touch 59.61 per cent as against 66.59 per cent as on March 31, 2000. This stake dilut
Broadcasters have decided to form a committee to press for exemption of the five per cent service tax imposed on the broadcasting industry in this year’s budget. The committee will make a presentation before the finance minister on the issue soon.
After months of speculation about who will head the India end of MindShare. WPP has appointed Andre Nair as CEO of MindShare India and South Asia. Of British nationality, based in Hong Kong the past few years, Nair will lead the group’s media specialist co
Speaking at the 19th AGM in Mumbai, Subhash Chandra, chairman said that Zee Telefilms is expecting dip in revenues and profit during the current fiscal year due to a slowdown in ad sales. The company’s progress on finding a foreign investor for its subsidi
Number of newspapers, periodicals increases but circulation drops: Registrar of Newspapers for India
According to the Registrar of Newspapers for India (RNI), newspapers and periodicals registered a 5.34 per cent growth last year but the total circulation of publications went down by 2.4 per cent during the period. The number of registered publications ro
In a bid to help media planners and advertisers across the country, Media Reach Research Ltd, a group company of Update Advertising, has launched OTS-UPDATE. OTS-UPDATE is a monthly study which is devised to monitor 140 channels’ penetration across 254 tow
The TV coverage of the terrorist attack on the US and its aftermath would not have been half as exciting, had it not been for the state-of-the-art technology. Channels such as CNN and BBC, which have been giving live reports from wherever their corresponde
B4U entertainment channel will be relaunched from October 2 as a movie channel. It will be rechristened as B4U Movies. The channel is expected to go pay by January 2002, with a subscription price of Rs 6.50 per household. The channel will be encrypted by N
The three gold Euro Effie awards for advertising effectiveness have gone to Hamburg’s TBWA Worldwide, J Walter Thompson in Paris and the London office of McCann-Erickson Worldwide. The winning campaigns, chosen for effective brand-building across at least
Zee Telefilms plans to reduce the number of its subsidiaries for maximising synergies from about 20 to between 10 and 12 in the next couple of months. This move would help to align the businesses of the media giant under three broad heads: Content, access
The Information and Broadcasting Ministry is not in a retaliatory mood yet as far as airing of PTV is concerned. Following a ban on Indian channels, including Doordarshan, Star and Zee in Pakistan two days ago, there has been much speculation on whether In
Prasar Bharati has entered into a co-production deal with the national broadcaster of Japan, NHK. NHK Japan is planning a live telecast of programmes from India on December 7, 8 and 9 to celebrate the 50th year of Indo-Japanese friendship treaty. The total
Zee Telefilms has shelved its plans to acquire Urdu Television Network (UTN) as it found the Urdu channel incompatible with its current business plan. The move is governed by the need to tighten its finances, as it comes in the wake of the company’s decisi
Unilever revealed that it was scrutinising its adspend and would give priority to its most important products, warning that the attacks on the US would affect its business. In a pre-close conference call the company said “the tragic events of September 11
Major production houses and media groups, including Sony, Asianet, Reminiscent TV (Lashkara channel), Mumtaj Vision, Lens Men Telenet, CNBC and Reuters has already booked space in Dubai Media City, a $3.2-billion project. The incentives of a 50-year tax ho
STAR has decided to drop current affairs programme Aaj Ki Baat on Star Plus from its Pakistan’s feed after Pakistan government banned cable operators from airing Indian cable and satellite channels on ground of ‘anti-Pakistan propaganda’. STAR plans to rep
Reminiscent India Television, which runs the Lashkara and Gurjari channels in the country, plans to offload a 20 per cent equity stake through private placement. The company has appointed Ernst & Young to value its television software, brands, distribution
Hallmark Channel has undertaken a set of new programming initiatives. It plans to screen Star Trek Voyager and Sliders for the festive season. With Star Trek and Sliders, the channel hopes to provide an involved and entertaining viewing experience’ in the
The economic slowdown finally caught up with Business publication. English newspapers and magazines suffered a modest loss of circulation. Economic Times lost 3% of its circulation while Business India lost 4%. Only exception was Business Today, which act
PepsiCo has consolidated nearly $350 million in advertising at Omnicom Group. Brands included in the consolidation are Gatorade, Tropicana, Aquafina and Quaker brands, which were handled by FCB Worldwide's New York and Chicago offices. A shift had been exp
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