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ETC Networks has tied up with TV Asia, a leading Hindi channel in the US, to supply software. The company is negotiating with companies in UK, and Canada for similar arrangements. ETC Networks registered a net profit of Rs 2.43 crore on a turnover of Rs 53
The Zee Network has appointed merchant banker UBS Warburg on Monday before scouting for a strategic partner for the broadcaster. UBS Warburg would advise Zee on how to divest its stake to the partner. Zee had recently announced that it was in search of a s
On the face of it, it is all quiet on the readership front. IRS R1-01 suggests that there is stagnation from last round to this round. Among over 20 million readers, English dailies have lost about 28,000 odd gross readers. But, this is no more than a heli
Interpublic Group’s media network Initiative Media Worldwide is set to pick up the buying duties for network FCB Worldwide following the acquisition of the latter’s parent True North by IPG. The move, which includes the absorption of FCB’s sibling agency T
Universal McCann here has successfully defended its $250 million-plus Sony Pictures Entertainment media buying business. The 14-year incumbent kept its show business credentials after a protracted six-month review that also included Starcom, Chicago, and T
Crest Communication Ltd. has posted a net profit of Rs 28.14 million for the quarter ended March 31, 2001 as against Rs 0.98 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 71.60 million as again
The New Delhi-based Intercept Consulting, the online advertising and marketing company is looking for more than 400 per cent growth this financial year. In the last financial year, it had a turnover of $2.7 million. The company expects that its turnover wo
rmg david, a new agency entered the Rs 8,000- crore Indian advertising industry. Positioned as — the smallest worldwide agency — rmg david is the latest addition to WPP Group Plc, a leading communications services company, with a turnover of $12 billion in
According to the latest IRS data (01-Round 1) analyzed by exchange4media, Business Dailies and Magazines have lost readership. In gross terms, the drop is as high as about 10%. All magazines have suffered a loss of readers, without exception. Among dailies
Zenith Media has predicted a 2% drop in the U.S. ad spending this year in its half-year forecast. Zenith's last published outlook, in December 2000, anticipated 4.6% growth in the U.S. ad spends in major media this year. Zenith later downgraded that to 2.4
Reckitt Benckiser completed its consolidation of North American advertising responsibilities for its household division brands, with McCann-Erickson. The home care giant shifted the remaining assignments, estimated between $15 million and $20 million, afte
Star TV plans to liven up its weekend schedule with a string of new programmes as it seeks to build on its hugely successful weekday lineup of soaps and gameshows. The channel will air six new shows, starting July 8, featuring a mix of dance, horror, trave
P K Mittal’s Music Broadcast Private Limited has won an interim relief from the Mumbai High Court. The court has ruled that MBPL may go-ahead with the radio station till the Copyright Board adjudicates on a royalty case involving MBPL and Phonographic Perf
Turner International India, an AOL Time Warner Company, has promoted Mr. Soumitra Saha to the newly created post of vice president of advertising sales. Mr. Saha will oversee advertising sales of the Turner bouquet of channels, including Cartoon Network, C
The Music Broadcast Private Limited (MBPL) is all set to launch its private FM channel under the brand name ’Radio City’ in Bangalore on July 3, even as controversy shrouds over the role of STAR TV in the whole affair.
Cinevista Communications has posted a net loss of Rs 11.99 crores on sales of Rs 39.67 crores for the year-ended March, 2001, whereas, SAB net profit went down by 40.51 per cent in the financial year ended March 31, 2001. The company posted a net profit of
Living Media Group plans to launch its FM radio operation Radio Today on December 31.The company is in the process of finalising the towers for setting up its temporary radio stations in the metros. It is also working out the modalities of cost, content, m
BPL Indigo plans to introduce a new radio satellite channel exclusively for women. To be called Indigo FEM, the radio channel will be broadcast by the Worldspace platform and is currently undergoing test runs.
Hinduja TMT Limited has worked out an expansion strategy. The company plans to offload 20 per cent stake to strategic partners in its cable subsidiary IndusInd Media Communication, raise Rs 11 crore in its second subsidiary In2cable.com, and go for a priva
The Hinduja-owned INCablenet has agreed to carry Star Gold as part of the settlement to get back signals from Star network. INCablenet was not distributing Star’s pay movie channel on its cable systems since its inception last year. INCablenet will pay Sta
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