Guest ColumnRetrofit: Of news coverage and theatre of the absurd

It’s been a rollercoaster week ranging from the ridiculous to the sublime, as veteran journalist Sandeep Bamzai takes a look at some baffling news coverage and incongruous suggestions doled out by a section of the Indian press.

e4m by Sandeep Bamzai
Published: Nov 11, 2009 8:11 AM  | 8 min read
Guest Column<br>Retrofit: Of news coverage and theatre of the absurd

I guess it is good to be a peacenik in these troubled times, particularly when our neighbourhood is practically on fire. But then again, there needs to be some rational food for thought. Won’t you say? Yes, India and Pakistan need to be on the same page, but that is unthinkable as long as Pakistan ‘wages war’ on India. Am I being too intolerant? No, I don’t think so. For the wave of furious indignation that spread across the country after the 26/11 attacks has left indelible scars on the face of our psyche. The sheer trauma has been thrown into stark relief with the mind numbing coverage from the news telly guys.

Now, as we approach the first anniversary of 26/11, Pakistan’s vacuous response to our dossiers has infuriated us further. It makes mockery of our efforts to bring the culprits to book. Surely the Pakistani establishment must be laughing at us. We seem so helpless. Lives were lost, blood was spilt, our collective psyche was brutalised, and sadly, we have nothing to show for it, barring Ajmal Kasab, the key perpetrator of the coordinated attack. Despite having him in our captivity, we are unable to convince a blase Pakistan about their hand in the deed.

Yes, civil society would probably like to engage with Pakistan, but I am not sure whether even they would like to continue do so against the backdrop of 26/11 and their shenanigans thereafter.

When a senior journalist like Vinod Sharma of the Hindustan Times goes on national television (Lok Sabha TV) and talks of banality of the highest order, you begin to wonder whether any sanity is left around you. Sharma, in a discussion that I saw the other evening, wants India to engage Pakistan in a three-tiered dialogue, if you please. He wants Research & Analysis Wing (RAW) to talk to ISI, the Indian military to talk to the Pakistan Army, even as the Government of India talks to its Pakistani counterparts. Now this is the most incredulous suggestion that I have heard in a long time. It beats Prem Shankar Jha’s amazing hypothesis in the Hindustan Times, where he articulated that if His Holiness, the Dalai Lama, visited Tawang (which he did the other day), China would go to war with India. On Tuesday night as I write this, China is still to invade India.

Talk about incongruity. In school, we had these Height of so and so jokes, which used to do the circuit and keep everyone in good spirits. If Vinod Sharma’s amazing insight wasn’t so serious, I would have been rolling in the aisles. RAW opening a dialogue with the ISI and the Indian Army lining up to speak to the Pakistan Army. What next? Surrender?

Given the Pakistan Government’s unbecoming conduct and filibustering on 26/11, no sane analyst would recommend such a move. Jinnah’s idea of Pakistan included Kashmir, and when he wasn’t able to poach it, he sent the Afridis to take over the Valley. That festering sore has ensured that the edifice of Pakistan’s creation remains flawed. Pandit Nehru and Sheikh Abdullah’s secular ideals meant that Kashmir stayed firmly ensconced with India. But Pakistan cannot and does not understand this. It cannot accept India in its present avatar. We cannot give away Kashmir and so Pakistan continues to use the death by a thousand cuts stratagem against India.

We have fought wars since, superficial congeniality may have existed over the years, but the umbilical cord snapped with the brazen 26/11 attacks. Pakistan does not want to address the real issues that India has raised over the attack, it chooses to quibble over semantics – state actors versus non-state actors. It offers counter arguments like India being the sponsor of Taliban, I mean how absurd can it get in the biggest theatre of the absurd – Pakistan. So, Mr Peacenik, please ply your trade elsewhere, I don’t see a seething RAW or the Army taking part in a multi-tiered dialogue with Pakistan. We have tried everything – composite dialogue, confidence building measures, opened the road to Muzzafarabad – but what is Pakistan’s response? Zilch, nada, cipher. Agreed that all journos have their biases, including me, but the nation state overrides everything. I don’t know how many people watched this particular show and what their reaction to the programme was, but seriously, peaceniks need to wake up and smell the coffee on the eve of the first bitter harvest of 26/11.

Talking of incongruity and taking it to the next level of incompetence was another story that appeared in Hindustan Times last week. When I saw it first thing in the morning, bleary eyed I almost reached for the Atlas. Ireland was the subject of the treatise and I wondered why it had been given so much space in a national newspaper’s news pages. Editorial space is at a premium, isn’t it? More so when newsprint prices have begun their climb northwards yet again. Anyway, the headline was most apt – it said: ‘Desperate in Dublin - citizens grope in a ravaged economy’. Was the author, Gautam Chikermane, desperate in Dublin? Mr Chadda in Lajpat Nagar or Talwarji in GK-2 must have been as curious as I was that smoggy morning. I was reminded of what my famous editor and later Minister for Disinvestment, Arun Shourie, had once told me about someone – his sense of proportion is definitely amiss, he had said. And so was Chikermane and HT’s last week when they carried this piece.

The long and rambling piece on Ireland’s economy threw me into a tizzy, hey what is the connection with India, why are you writing this piece? I thought to myself, perhaps the head of state from Ireland was on the verge of visiting India, so this was part of some build-up campaign. In any case, Ireland is not exactly the US or Russia or Iran or even the UK. Maybe there was some strategic reason which I couldn’t fathom.

Strange seemed the wrong choice of word for a story which appeared on the front page of the business section with a huge turn inside. How did the editor let a story like this go? Did anyone check the story and its content before giving it the generous display that it got? One passage in the story deals with unemployment in Ireland, has the writer dealt with the same subject in the Indian context? I wish he had, for I get calls from people who I know who want a job or are seeking employment for their relatives who have been hit hard by the downturn in India. Another passage deals with suicides. Vidarbha or Andhra, anyone? The whole thing mystified me. As I said earlier, everyone has biases and everyone has done the odd plant, but Ireland in circa 2009 has me totally stumped. For I didn’t understand the provocation to carry this bizarre article.

This is how it begins: “For a country that ranks 11 in terms of its $45,000 per capita income (more than 15 times of India’s) the credit crisis-hit Ireland is, like its November weather, a gloomy-grey picture of government mismanagement and banker-developer greed. The victims: average people — laid-off workers, scrambling small businessmen, conservative shoppers. The 43-year-old Peter O’Hara (name changed) is the dark face of everything that has gone wrong in this island nation. The O’Hara story: I was a manager in a design company. In our company 60 per cent of the 300 workers are unemployed. The large profits the firm was making turned to no profits and then to losses. The sector was a major employer and we were building 100,000 homes a year. The government continued giving tax breaks to developers, who got almost free money from banks.”

Talwarji in Lajpat Nagar or Chaddaji in GK-2, who also bothered to read this insightful piece on the Irish economy that fateful morning, must be equally stumped at this lengthy treatise. It tells you where media is headed. Look at Mail Today, which is on a red hot streak these days – Madhu Koda, followed by Suresh Kalmadi being marginalised in the Commonwealth Games organising committee financial decisions, followed by the Manu Sharma news break. Yes, red hot.

All is not lost, it’s been a rollercoaster week ranging from the ridiculous to the sublime.

(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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