Guest Column Retrofit: Reigning in the junket capers

Good old fashioned puff jobs have been around for as long as the newspaper business has been around. The malaise may be deep, but just about everyone disregards it or simply turns a blind eye. Quid pro quo goes on endlessly. Is it time for such things to be reined in, wonders veteran journalist Sandeep Bamzai.

e4m by Sandeep Bamzai
Published: Jul 9, 2009 8:03 AM  | 8 min read
Guest Column Retrofit:  Reigning in the junket capers

There are puff jobs and puff daddy jobs. And I don’t mean Sean Combs aka Puff Daddy aka P Diddy, the American rapper and actor. Good old fashioned puff jobs have been around for as long as the newspaper business has been around. If you have been a journo for as long as I have, then surely you have been on a long catalogue of junkets. And I guess if they were business junkets, then one has tried to write something newsy on the company or the event in some form or the other. We are all guilty as charged. I remember a resident editor of mine losing it completely when he wrote a gushing piece on the A 380 junket. Wow, the size of the plane had blown him out of water and he poured his heart, soul and who knows what else into the report. Incidentally, this report appeared on page one of the paper. And, it wasn’t exactly as if he had suited up to go to the Moon Mission on one of the Apollo series craft.

So, everyone who has been there and done that has written a few puff jobs in his time. Worse things have happened – hotels and restaurants have been reviewed in the past, as have resorts and other objects of envy in the guise of stylised writing. In fact, travel and airline magazines have been thriving on this kind of journalism. The malaise may be deep, but just about everyone disregards it or simply turns a blind eye. If an auto manufacturer takes you to a motor show, do you focus more on his cars and bikes? There is a fine line. Personal sense and sensibility matter. Telly channels have dedicated car and bike/motoring shows. As they have awards. Is everyone on the make then? No, maybe it is compulsions of commerce, buttressed by an acute and active competitive set. Who knows? Quid pro quo goes on endlessly. Is it time for such things to be reined in? Perhaps a code of conduct on lines of some of the financial news wires in the West, who want their reporters to be open and transparent about their portfolios.

A North Korean missile may have just struck the fabled portals of Washington Post. An epic scandal has come to light. The New York Times in its edit has highlighted the Pay for Chat plan falls flat at Washington Post. Let me quote: “For generations, The Washington Post has been a scrupulous watchdog over the capital’s cozy world of power networking. For a short time, it almost became the network’s host.

“The Post decided Thursday to cancel plans to charge lobbyists and trade groups $25,000 or more to sponsor private, off-the-record dinner parties at the home of its publisher, Katharine Weymouth, events that would have brought together lobbyists, business leaders, Post journalists and officials from the Obama administration and Congress. The revelation of the parties early Thursday morning by Politico.com appalled members of The Post newsroom and put the paper squarely in the cross hairs of journalism ethicists. In response, Ms Weymouth canceled the first dinner, scheduled for July 21.” What does that tell you? That one of the most scrupulous watchdogs of journalism has fallen prey to the exigencies of contemporary commerce. And a lesson for wannabes back home.

Oh, but wait a minute, let me go back to my narrative. I guess it is also an accepted norm. But in a brand new spanking avatar, which resembled the big daddy of puff jobs, I read something the other day, which bordered on the ludicrous. This new trick pony is performing on KG Marg in Delhi at the Hindustan Times. And for good measure, it has been going on for two successive weeks now. Offering new vistas and at the same time legitimacy to the concept of puff jobs. HT very sensibly started a column called ‘Urban Gypsy’ with honourable intentions. This way it ensured that people who went on a junket perhaps or traveled to a distant and novel place could write about the place they had visited, without writing about the people who had invited them and at the same without obligating themselves. Seemed like a good methodology to deal with a sticky problem. And I am sure when people went on a trip on their own volition, they too could write something about the sights and sounds.

So far, so good. Aptly titled ‘Urban Gypsy’, it seemed like decent weekend reading till it degenerated into something of a farce the other week. Check this out now. Journo travels to Agra, doesn’t write about the greatest love monument in the world – Taj Mahal – or Sikandra or Fatehpur Sikri or the Agra Fort or… He devotes an entire piece to a hotel in Agra and its hospitality. The senior editor writes, “The Taj was an anti climax… Given the experience at the Taj, we dropped the idea of visiting Agra Fort, Fatehpur Sikri and the marble workshops…”

I wonder which part of Agra was visited by the senior editor, for his version of the city is exemplary, “It wasn’t the dingy, dirty city we had been told to expect. The neat, winding road from the station to the ITC Mughal, where we were staying, was broad and beautifully maintained, lined on both sides by large bungalows – mostly colonial, but some modern and a very few Islamic – malls, showrooms and hotels.” Antispetic, I must say. Most of Agra which I have been visiting since I was five years old is chaotic and typically small town India.

Most of the piece is devoted to a particular hotel where the butler kept ‘plying the couple with dry martinis’. The writer’s only contribution is a line about the guide who took them to the Taj mentioned how Agra got its name – it was originally called Arya Griha, or home of the Aryans.

There is some detail of a ride on an all terrain vehicle, again inside the ramparts of the hotel. And then the piece de resistance, “No stay at the ITC Mughal is complete without a visit to Kaya Kalp – The Royal Spa, which won the Tatler Award for Best City Spa – the only Indian spa to win that award. At 99,000 sq ft, it is reportedly India’s largest… My wife and I decided to get facials. Two very friendly Thai girls worked on our faces for about 70 minutes, sending us to sleep, to the accompaniment of soft music. We came out glowing – and feeling refreshed. Yes, we may not have seen much of Agra, or even of the Taj Mahal, but for three days, we were treated like royalty.” Even if you did pay for all this, must poor hapless captive readers be subjected to this monologue about a hotel and its hospitality? Does it serve the purpose of a travel piece by any stretch of imagination? Dang, no!

The Agra syndrome by Arnab Mitra saw resonance the following week, last Saturday actually. Someone called Lina Choudhary Mahajan had taken a trip to the Antipodes, New Zealand, and right below the Urban Gypsy, the legend inscribed stated – The writer’s trip was sponsored by www.newzealand.com/Tourism New Zealand. And the last para was of particular interest to me. It went something like this – So, the next time you think of getting a face lift, buy a ticket to New Zealand instead. It will take years off you, give you an adrenaline rush and do the trick. Wonder why this obsession for facials and face lifts at HT? Are these guys so overworked? At least in Mahajan’s case, she was honest enough to write that she had gone on a junket and she was writing about it on a platform for the same – Urban Gypsy. The size of the bungee jump picture accompanying the piece will also make some wonder… Let me leave the rest unsaid. Methinks, somebody may have decided to slap in a code of conduct after the previous week’s exertions in Agra. And ruminations on the same.

(Sandeep Bamzai is a well-known journalist, who started his career as a stringer with The Statesman in Kolkata in 1984. He has held senior editorial positions in some of the biggest media houses in three different cities - Kolkata, Mumbai and New Delhi. In late 2008, he joined three old friends to launch a start-up – Sportzpower Network – which combines his two passions of business and sport. Familiar with all four media – print, television, Internet and radio, Bamzai is the author of three different books on cricket and Kashmir. The views expressed here are of the writer’s and not 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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