Guest Column Newsmanic: Prannoy, Rajdeep, Arnab… No confessions, gentlemen?

Politicians are masters of denying the obvious, so it’s not easy to get them to acknowledge defeat. But some of the defeats of Election 2009 have been so stunning that even the most hard-boiled have not attempted to twist facts, says BV Rao.

e4m by BV Rao
Published: May 26, 2009 8:37 AM  | 9 min read
Guest Column Newsmanic: Prannoy, Rajdeep, Arnab… No confessions, gentlemen?

Politicians are masters of denying the obvious, so it’s not easy to get them to acknowledge defeat. But some of the defeats of Elections 2009 have been so stunning that even the most hard-boiled have not attempted to twist facts. From Advani to Modi to Karat, Laloo, Mulayam, Maya, Jaya, Naidu and Chiranjeevi, every leader has unhesitatingly conceded defeat.

Not that the facts would have changed had they denied the same (Advani can’t become PM just by denying defeat!), but the media would have lampooned them, laughed at their sense of denial and mocked at the apparent lack of grace in defeat.

And yet it is denial and lack of grace that characterised the behaviour of the news channels following their own comprehensive drubbing. It’s no secret that all the big channels got Elections 2009 damn wrong. Not by any stretch of imagination or innovative math were their exit polls anywhere close to target. Not once in their eight-week election coverage did we get a sense of the big swing in Congress’ favour.

They all misread, misreported and missed Elections 2009 big time.

How many acknowledged that? None. Not Prannoy, not Barkha, not Rajdeep, not Arnab. Not one channel had the grace to tell its viewers that they had got the exit poll all wrong. In fact, they were busy doing quite the opposite, celebrating minor battle victories even as they were bombed out of the war. Prannoy was taken up by colleague Dorab’s fantastic work in being the only pollster to catch the Chiranjeevi phenomenon in Andhra Pradesh. “Take a bow, Dorab,” he said when Chiranjeevi was leading in more than a few.

By evening, the Chiranjeevi phenomenon was as dead as a dinosaur. And Prannoy conveniently forgot to withdraw the certificate of merit to Dorab.

For Rajdeep, it was enough that his channel’s exit poll prediction was “the closest”. It didn’t matter to him that the UPA tallied 262 against the 225 his channel predicted. It is possible that Elections = CNN-IBN, but by no mathemagic is 225 = 262. The maths we know tells us that Rajdeep was 37 seats off the mark, a 14 per cent error margin where pollsters should be fired for hitting five. And remember, Rajdeep’s channel had already played safe by predicting a wide band of 210-225 for the Congress. Thus, it had already factored in more than the permissible error margin. The 14 per cent error was over and above. So, Rajdeep got it as horribly wrong as every other channel.

Try telling that to an anchor-editor ready to jump out of his skin in excitement and drill a hole in your eardrums. (CNN-IBN studio head: When Rajdeep hits the upper circuit breakers of audio, try switching off his mike. Yogendra’s mike will do!) Having missed the big picture fully, Rajdeep also took refuge in trivia: “We got UP right, we got Rajasthan right, we got MP right…”

Sir, you just got the whole country wrong, what about that?

The biggest surprise of counting day was Arnab’s Times Now. The fastest and the most aggressive with the news on normal days, Arnab’s channel was just not in the race. About 25-30 seats behind competition at any given moment, Arnab looked a little silly projecting how the UPA could form the government with the support of the Left an hour after it became clear (on other channels) that the Left was going to be nuked out of the Lok Sabha and projecting how the UPA could make it with the support of Maya, Laloo, Mulayam and Paswan well after they were erased from the equation. Arnab was so out of it that I was relieved he did not attempt to dig up consolation victories from the debris of defeat that day. But he didn’t square up with his viewers either on how badly off target his exit poll was.

My point is this: why does the media, which never tires of preaching honesty and transparency to all and sundry, always try to wish away its own omissions and commissions? If one of them had actually got the exit poll right, imagine the noise they would kick up for days on end. Nobody showcases failures, but at least a quick admission, however fleeting, was in order, was it not?

Will the heavens fall if these heavyweights looked the viewers straight in the eye and acknowledged that they goofed up on the numbers? That single act could have endeared them more to the viewer than their twisted logic would repair the damage. But when they were not trying to put a spin on their sad exit poll numbers, the best that any channel did that day was to avoid addressing the embarrassment. A far cry from what we expect from our politicians. For example, when Advani called Sonia and Manmohan to concede defeat, Prannoy said Advani was “graceful in defeat”.

Exactly, sir!

Exit polls are a necessary election entertainment, a kind of political titillation for the nation; we have long stopped expecting the channels to get the numbers right. If they do, that’s a bonus and they earn the bragging rights. But when they don’t, why should they be so uptight about it? Why can’t they ease up a bit, even poke fun at themselves for getting the polls wrong repeatedly much like the weatherman can’t seem to get the weather right, ever?

Well, there’s a simple answer to that. They couldn’t care less what the viewer thought or expected, all that matters is what story they can sell to the media planner. And that’s why the trend of lies, half-truths and mangled statistics has been carried forward to the box office. After Wednesday (May 20), the fight quickly shifted to who got the most eyeballs on counting day. By accepted industry standards (the TAM/TRPs), Rajdeep was a runaway success (38 per cent market share, with Times Now a distant second (28 per cent) and NDTV 24x7 a close third (26 per cent). So, Rajdeep clogged the airwaves with the news. But so did Prannoy’s NDTV, claiming a market-monopolising share of 53 per cent, more than all the other English news channels put together. And where did he get this figure from? His own survey by Gfk-Mode! (Look for another business, LV Krishnan).

If CNN-IBN and NDTV 24x7 are both No. 1, can Times Now be anything but? So, ladies and gentlemen, meet the nation’s third No. 1 English news channel. “Times Now sweeps the elections” claimed their ad citing 35 per cent market share to CNN-IBN’s 25 per cent and 24x7’s 23 per cent! Times Now was referring to a particular market (million+) and age-economic status (AB 25+), but forgot to mention that in their “sweeping” headline. The devil was, of course, in the detail. In invisible, 6pt size.

This sleight of hand is not restricted to English. In the Hindi news genre, Aaj Tak beat all competition hollow and advertised showing Zee TV as No. 2, Star News as No. 3 and NDTV India as No. 4. Enough to make NDTV India see red: “Sach se khilwad nahi (don’t twist facts), NDTV India No. 2 on counting day”, it retorted. The friendly, paid Gfk-Mode survey came in handy once again.

Not one to be left out, Star News has come up with its own innovative claim to top honours: MCCS is the No. 1 News Network of India with 35 per cent share! MCCS is the parent company of Star’s news channels in Hindi, Marathi and Bengali. Having been decimated by brand Aaj Tak (not necessarily its content), Star News, which conceded an eight-point lead, needed to come up with something original for the media planner and they did. That became necessary after another very original idea of packing the newsroom with an assortment of 20 (yes, t-w-e-n-t-y!) completely unknown experts fell flat on its face.

For news channels, the flag position is obviously not a solus position. They have, on their own, amended the FSI rules to create room enough for all at the top. Don’t be surprised if tomorrow channels at the bottom of the heap come up with their own very original logic to claim leadership. Let me help. How about a headline that screams: “The news channel most watched by journalists*” and below the colourful pie-charts, in invisible fine print: “*Our own”!

Lies, damned lies and statistics can throw up as many No. 1 channels as the number of channels. For, every channel has to serenade the media planner and they will do anything to fool the media planner. Is the media planner a fool? Well, that’s for another day.

Torture? Say that again Prannoy

Prannoy’s channel may have missed the top spot by a mile, but they beat competition hands down for one honour: “The-happiest-newsroom-on-May 16” honour. For some reason, Prannoy was smiling broadly, Barkha grinning from ear to ear and all their guests were in great spirits. The happiness was so contagious that everybody started talking, laughing and joking among themselves. So much so, viewers called to complain. “We are enjoying here, but it is torture for the viewers,” Prannoy reminded his guests on one sane occasion. That made no difference, especially to Barkha. She forgot all studio etiquette in the merriment, making faces at her staff (whenever a link didn’t come through) and even taking a call from Varun Gandhi while on air (Hi, Varun, I’m on air, she told him)! Her good mood spilled over well into the next day’s prime time when she burst into uncontrollable laughter at a silly joke by a panelist, almost falling out of her chair as she signed off.

Torture? You can say that again Prannoy.

(Venkat, as the author is known, thinks there’s nothing wrong in going wrong and everything to gain by squaring up with viewers. The views expressed here are of the writer’s and not necessarily those of the editors and publisher of exchange4media.com.)

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HT Media posts Consolidated Total Revenue of Rs 580 crore in Q2

Chairperson and Editorial Director Shobhana Bhartia says due to lower commodity prices and control on costs there has been an improvement in operating profit

e4m by exchange4media Staff
Published: Nov 5, 2019 7:28 AM  | 1 min read
HT Media

HT Media has posted a Consolidated Total Revenue for Q2, 2020 at Rs 580 crore.

As per a statement released by the company, EBITDA for Q2’20 increased by 139%, and margins at 14% vis-à-vis 6% in previous year. This has been driven by softening of newsprint prices and continued focus on cost.

The Net Cash position at a consolidated level continues to be strong.

The Print ad revenue has declined due to sluggish volumes, even as yields have improved. National advertising continues to be soft, although local advertising witnessed growth.

Savings in raw material costs have driven improvement in EBITDA margins.

Chairperson and Editorial Director Shobhana Bhartia said, “Slowing economic growth has hit advertising spends in key categories, putting pressure on revenues across the media industry. As a result, our Print and Radio (on like to like basis) businesses saw revenues dip as compared to a year-ago. However, thanks to lower commodity prices and a tight control on costs, we saw an improvement in our operating profit. On the digital front, Shine, our online recruitment portal has shown good progress and continues to grow. Our outlook for the coming quarter remains cautious, given overall economic sentiment and macroeconomic trends. Cost-control and falling commodity prices should help protect our margins.”

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ABP Group posts Rs 15.70 crore as net profit in Q1 FY20

The group’s total operating income stands at Rs 365.55 crore

e4m by exchange4media Staff
Published: Nov 4, 2019 5:41 PM  | 1 min read
ABP

ABP Group has posted a net profit of Rs 15.70 crore in the first quarter of FY20, as per media reports.

The group’s total operating income stands at Rs 365.55 crore.

It’s net profit for the fiscal ended March 31, 2019, was down 68% to Rs 31.90 crore compared to the previous fiscal.

The Profit Before Interest Lease Depreciation and Tax (PBILDT) has also dropped 53.52% to Rs 107.12 crore.

The group has six news channels - ABP News (Hindi), ABP Ananda (Bengali) ABP Majha (Marathi) and ABP Asmita (Gujarati), ABP Sanjha (Punjabi) and ABP Ganga (Hindi).

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Zee Media posts consolidated revenue of Rs 137.03 crore for Q2 FY20

ZMCL has recorded 4.4% growth in operating revenue for first half of FY20

e4m by exchange4media Staff
Published: Oct 24, 2019 9:19 AM  | 1 min read
ZMCL

Zee Media Corporation Ltd (ZMCL) has posted a 4.4 per cent growth in operating revenue to Rs 337.6 crore in the first half of FY20, as per media reports.

It has reported a consolidated revenue of Rs 137.03 crore for Q2 FY20.

In a statement, ZMCL has said: “During the quarter, the network expanded its footprint s into Southern India through the launch of Zee Hindustan in Tamil and Telugu languages. This is intended to make the network's content accessible to wider audience.”

The operating expenditure in Q2FY20 has dropped by 21.7 per cent.

The statement further said: “EBITDA for HlFY20 improved by 34.1 per cent to Rs 1,029 million from Rs 767.5 million EBITDA for H1FY19, while the same declined by 9.4 per cent to Rs 370.2 million from Rs 408.7 million for the corresponding period last financial year. EBITDA Margin grew from 23.7 per cent in H1FY19 to 30.5 per cent in HlFY20, while growing from 24.2 per cent in Q2FY19 to 27 per cent in Q2FY20.”

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No slowdown here: In-cinema ad rates up by at least 50% for 3 big Diwali releases

Housefull 4, Made In China and Saand Ki Aankh ready to hit the silver screen this week, with the hopes of giving brands the eyeballs they look for in theatres

e4m by Moumita Bhattacharjee
Published: Oct 24, 2019 8:41 AM  | 4 min read
DiwaliFilms

It’s that time of the year again when theatres gear up to pocket maximum gains. Diwali is here and there are three films ready to hit the silver screen this week--Housefull 4, Made In China and Saand Ki Aankh. The festive period brings much joy to exhibitors, distributors and theatre owners because it ensures footfalls, giving brands the eyeballs they look for. In fact, industry experts don’t feel that economic slowdown this year has impacted in-cinema advertising. While they are concerned about three movies clashing during Diwali, they predict 50-100 per cent rise in ad rates during this period. 

Advertising moolah

Mohan Umrotkar, CEO, Carnival Cinemas, is expecting 60-70 per cent surge in advertisement topline compared to last year. “Going by the buzz and advance booking for these three releases, market is bullish. Advertisers have blocked most of the advt-slots during the festival period. Housefull 4, Made In China and Saand Ki Aankh all combined together should generate around Rs 350 crore topline at the box office during the festival week. We are expecting 60-70 per cent surge in the advertisement topline from last year. Also, this year we have added around 14 per cent new advertisers, and 4 per cent of them are first-time cinema advertisers,” he says.

But according to Siddharth Bhardwaj, Chief Marketing Officer - Head of Enterprise Sales, UFO Moviez, things have changed a lot in the last couple of years. “Since some films have not really lived up to their expectation, advertisers are spreading the spends all through the year. They are picking up far more number of titles in the year rather than focusing only on Diwali or Eid.”

“It is good for the industry because you can monetise the inventories beyond just big weeks. A lot of content- driven films have come up which has given us the opportunity to monetise more markets. It has put lesser pressure on Diwali. Most of the cinemas are sold out for Diwali. It becomes difficult to accommodate everything,” Bharadwaj opines. He also reveals that for this week, the inventories are already full.

Diwali ad rates

Experts reveal that ad rates differ from property to property and depends on location as well. But Diwali surely sees a massive hike in rates. This year, theatre owners are expecting 100 per cent rise in ad rates. While Umrotkar revealed that for Diwali, they are charging 100 per cent higher than the regular card rates, Girish Johar, trade analyst and film producer, shared that even the rates for putting up kiosks of brands go up during festivals like Diwali.

“It’s based on property. On a ballpark, ad rates double up. So if you are putting up a kiosk, they charge say Rs 50,000-25,000 for a month. During Diwali, they charge almost double because of the kind of footfalls theatres witness,” Johar revealed.

Economic slowdown? Not for Cinema!

This year, brands have been pulling back their spends on other mediums due to economic slowdown, but cinema seems unaffected. Calling entertainment business recession-proof, Johar explains, “If you see the other side, box office is up by 15-20 per cent. Yes, it is a bit subdued because the brands are in a wait-and- watch scenario. They are increasing their focus around consumption rather than awareness.”

Bharadwaj too seconded it by saying, “These are challenging times but our medium is very efficient. If you see economy has slowed down, but the cinema has grown instead.”

Clash cover

Three movies are clashing this Diwali which means shared screens and box office gains.

“It’s never good for us when two or more big-ticket films release together. If they would have come on different dates, there are chances that more advertisers will take advt. inventory in those weeks separately instead of that one particular week,” shares Umrotkar.

 

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INOX Leisure Ltd sees 42% growth in total revenue

Profit After Tax up 327% to Rs 51 crore

e4m by exchange4media Staff
Published: Oct 23, 2019 6:06 PM  | 1 min read
INOX

INOX Leisure Ltd (INOX) has reported financials for the second quarter ending September 2019.

Its total revenue has risen to Rs 524 crore with a 42% growth from Rs 369 crore in the corresponding quarter in FY19. Its EBITDA has more than doubled to Rs 107 crore with a 121% growth, while the PAT stood at an impressive Rs 51 crore, up 327% from previous year’s second quarter.

Siddharth Jain, Director, INOX Group, said: “At INOX, setting new benchmarks is now a routine, thanks to our consistently sharp focus on luxury, service and technology and our uncompromised desire to offer our patrons, nothing but the latest and the best! We are delighted with our remarkable consistency on all parameters, and we are sure about maintaining the momentum and focus on innovativeness. Content once again proved that why we term it as the ‘hero’. Thanks to the creators of such spellbinding movies, which keep inviting our guests to our properties, and allowing us to pamper them with our signature hospitality. With the launch of Megaplex, we are delighted to further our endeavor of developing experience-driven cinema destinations of global standards, and we will continue to do so. On behalf of Team INOX, I assure all our stakeholders that we will continue to break barriers and exceed all expectations.”

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Hathway Cable & Datacom reports 100% subscription collection efficiency in Q2

The broadband subscriber base has increased from the previous quarter’s 840,000 to 860,000

e4m by exchange4media Staff
Published: Oct 18, 2019 11:17 AM  | 1 min read
Hathway

Hathway Cable and Datacom has reported subscription collection efficiency at 100%, and the broadband subscriber base has increased from previous quarter’s 840,000 to 860,000 in quarter ending September, as per media reports.

It has narrowed its consolidated net loss by 74% and the operating EBITDA has been reported 15% up to Rs 107.5 crore compared to Rs 93.1 crore a quarter ago.

The total income has dropped 2%, while the expenditure is down 6%.

In the financial results, the company has said the FTTH markets are leading growth in customer acquisition.

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ZEEL posts 7.4% YoY growth in total revenue for Q2 FY20

ZEEL's domestic advertising revenue has grown 1.4% YoY in Q2FY20

e4m by exchange4media Staff
Published: Oct 18, 2019 7:51 AM  | 2 min read
ZEEL

Zee Entertainment Enterprises Limited (ZEEL) has reported a consolidated revenue of Rs 2,122 crore for the second quarter of FY20, recording a growth of 7.4% on YoY basis.

The Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) was recorded as Rs 692.9 crore with an EBITDA margin of 32.7%. PAT for the quarter was Rs 413.2 crore. The Profit After Tax (PAT) for the quarter was Rs 413.2 million, with a growth of 6.9% YoY.

During the second quarter, ZEEL’s consolidated advertising revenue grew by 1.2% YoY to Rs 1,224.7 crore. The domestic advertising revenues grew by 1.4% YoY to Rs 1169 crore.

ZEEL has posted 26.8% YoY growth in Q2FY20 domestic subscription revenue. ZEEL’s consolidated subscription revenue grew by 19.0% to Rs 723.5 crore during the quarter.

ZEEL’s total expenditure in Q2FY20 stood at Rs 1429.1 crore, higher by 9.9% YoY compared to Q2FY19.

While ZEE5 recorded a peak DAU (Daily Active User) base of 8.9 million in September 2019, ZEE5 users watched an average of 120 minutes of content on the platform in the same month.
During Q2 FY20, the television network had an all-India viewership share of 18.4%.

During the quarter, ZEEL’s international business revenue was Rs 208.2 crore. The advertising and subscription revenues for international business declined by 4.0% YoY and 21.5% YoY, respectively.

Zee Music Company has registered 7.1 billion views on YouTube in Q2.

Punit Goenka, Managing Director and CEO, ZEEL, said, “I am pleased with the performance we have exhibited during the quarter. Our entertainment portfolio continues to grow from strength to strength across all formats and maintained its leading position. Our television network has emerged stronger post the implementation of tariff order on the back of a strong customer connect and brand pull of its channels. ZEE5 continued to gain traction across audience segments and markets, driven by its compelling content library and expanding list of partnerships across the digital eco-system. This strong operating performance allowed us to deliver industry leading growth in both advertising and subscription despite the tough macro-economic environment. Domestic subscription growth of 27% has reaffirmed the value proposition our television network has built over the years. The impact of tariff order has now largely settled down and has brought increased transparency along with improved monetization. Our domestic advertising revenue growth, though significantly lower than historical trend, is higher than the industry growth. We have witnessed an improvement in ad spends through the quarter and we believe that the onset of festive season along with measures taken by the government will help revive the consumption growth.”

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