Guest Column Retrofit: Intelligence agency stenography is a dangerous game to play

Intelligence agency stenography is a very dangerous game to play, particularly if you are in the media business, more so in print. Veteran journalist Sandeep Bamzai cites two separate news articles – Salman Khan’s alleged telephonic conversations with an underworld gangster (in 2005) and arrest of a Pak Lashkar operative (in 2009) – that had appeared in Hindustan Times, to highlight this point.

e4m by Sandeep Bamzai
Published: Apr 22, 2009 8:15 AM  | 6 min read
Guest Column Retrofit: Intelligence agency stenography is a dangerous game to play

Intelligence agency stenography is a very dangerous game to play, particularly if you are in the media business, more so in print. In the blink-of-an-eye electronic medium, one can afford the odd slip up. Simply because it is transient medium. You can run, but you can’t hide in print, particularly if you are writing a big ‘plantation’ story, which is fraught with risk. If lightning strikes more than once in the same place, then there is cause for suspicion and concern. When the Hindustan Times finally launched its much vaunted edition in Mumbai sometime in July 2005, its big ticket story revolved around Salman Khan’s telephonic conversations with an underworld gangster. The transcripts caused a sensation and as always our very ‘reliable’ telly channels went into overdrive. HT sat pretty and preened. Job well done is what it told itself. Operation launch was a gangbuster success. But joy gave way to tumult and then consternation as questions were posed on the veracity of the tapes.

Finally, the Forensic Science Laboratory (FSL) in Chandigarh slam dunked the tapes, saying that they were fake, nay doctored. The HT report led to a major fracas with ‘bad boy’ Salman Khan being targeted by media and other pressure groups. Salman’s father, the much respected Salim Khan, had after the exoneration said, “They called him ‘desh drohi’ and asked him to go back to Pakistan. He was not even allowed to step out of his house by the protestors. Who is going to make up for the losses – mental, physical and emotional – to us?” Good question, who will? Media hypes an event, someone else suffers. There is absolutely no justification in this sort of slander, a trial by media is probably the worst thing to happen to anybody. Salman Khan may not have too many friends in media because of his boorish image and errant ways, but at the end of day, he is a popular public figure with a fan following. Sometimes I wonder whether it is a carefully cultivated one? But nobody has the right to target an individual wrongly. When the last vestiges of HT’s blockbuster revelations were torn apart by FSL, the least that HT could have done was tender an apology. Anyway that is all in the past.

The moot point is that HT had egg on its face. Three years later, HT has managed to pull off a similar stunt. But let The Hindu’s Siddharth Vardarajan take up the narrative. As he has pointed out in his column on The Hoot, “A 26/11 scoop sourced from Indian officials is contradicted by Pakistan’s Interior Minister – the pursuit of an exclusive is exhilarating, but every reporter needs to be aware of the motivation of the source and the larger background. Otherwise, he or she risks being taken for a ride, or missing the real story.” HT on April 15 carried an exclusive lead – “On eve of trial, 26/11 breakthrough in Europe”. The HT story detailed how a global 60-day manhunt by Indian intelligence agencies led to a Pak Lashkar operative’s arrest in Europe. Shahid Jamil Riaz was detained in a European country and was to be brought back for trial to India, claimed the story.

Now Vardarajan, a strategic affairs analyst himself says that when he read the story, he was besieged by a feeling of déjà vu, realising that he had read the name Shahid Jamil Riaz earlier. As it turned out, Pakistan’s interior minister Rehman Malik had announced Riaz’s arrest at a press conference on April 13. Two days before HT front paged its exclusive. Malik said that Riaz was arrested in Karachi. The Daily Times in Pakistan mentioned on April 15 that Riaz was from Bahawalpur and that a Rawalpindi court had sent him to 14 days’ remand on April 14.

Confusion confounded. I don’t trust the Pakistanis one bit. Vardarajan as a strategic affairs analyst himself must have interfaced with the same intelligence agencies and hence, familiar with their ways and tactics. So, if he is asking these questions, there must be an element of credibility attached to it. In any case, I must add that within the Indian intel community, there are two factions – RAW and IB. Journos, too, have been cultivated by either IB or RAW, and not by both. But that is an aside. Let us come back to more pressing matters. Could Riaz have been arrested in Europe if he was arrested in Pakistan by Pakistani anti-terrorism units? Vardarajan asks many other pertinent questions during the course of his story in The Hoot, none more than the summation. He says, “The story is a good example of poor anchoring, a standard malaise in India when an ‘exclusive’ arrives on the desk. Since most exclusives take the form of a leak to a lucky reporter, the reporter herself cannot be blamed for not having the big picture. Ideally, such a story needs to be carefully parsed and examined by the editors who deal with the bigger picture/subjects involved.”

Ironically, the story had a Mumbai dateline, just as the Salman Khan story four years ago. Which brings us back to the fundamental issue of the gatekeepers in charge of clearing, polishing and verifying the story. Did they have the wherewithal to check with intel outfits on the real facts. That is the bigger travesty. For Vardarajan also asks another vital question – that if Riaz is in Pakistani custody, how can the MHA bring him back to India within a week. He writes, “If MHA says he is going to be sent across, that ought to have been the most important angle of the story, not his arrest, which was already old news.” Given that Pakistan’s stated stance is not extradite anyone on its soil, that is.

A note to the editors then, who allowed the story in and gave it the necessary display? Did anybody take the rap for it? For this is not an ordinary plant, it has national and geo-political ramifications, given that India is slapbang in the middle of an election where terror is a focus area. It is important because the US is applying pressure on both Pakistan and India to settle its differences. It is important because Pakistan is not responding to India’s charges over 26/11. If in this atmosphere, a flawed story surfaces with a prominent display in a national daily, then questions need to be asked of the editorial leadership. One can argue that stories are always motivated, every writer is playing an angle, but when it comes to issues of national importance, dictation of this type is irksome, no worrisome. Who let the story in, who checked the facts therein? Oh I could go on…

(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 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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