Vivid: How Indian and Pakistani media helped nations rediscover peace

Sharif attending Modi's swearing-in ceremony, a positive step towards improving bilateral ties, was also largely aided by media participation from both countries, says exchange4media's Annurag Batra

e4m by Annurag Batra
Published: May 27, 2014 8:00 AM  | 6 min read
Vivid: How Indian and Pakistani media helped nations rediscover peace

India and Pakistan jointly look to defy traditions. As Narendra Modi sets to take the reins of the country as Prime Minister, he made a bold move and invited his Pakistani counterpart Nawaz Sharif to attend the swearing in on May 26. And now, in what is being hailed as a very positive step, Sharif has defied naysayers and hardliners home and agreed to visit India.

Since the attacks in Mumbai on 26/11, the India-Pakistan talks have been fraught by series of differences. Experts have taken positively to both Modi’s and Sharif’s decisions and said that the meeting of the two leaders will launch a new chapter in the bilateral ties.

An important role played in pushing for the meet and promoting strong ties between the two neighbouring and nuclear armed countries has been by its media. While Indian media hailed Modi’s invitation to the SAARC leaders calling it a “foreign policy masterstroke”, the Pakistani media too gave a thumbs-up to the call.

However, the government in Islamabad did not jump at the invitation and took its time to respond. This led to suspicion that the Pakistan government was wary and may not accept the invite.
However, during this time that the Pakistani government took, the Indian media keenly waited for a reaction – all the while hoping for a positive response -- while the Pakistani media did an outstanding job of pursuing, persuading and even tipping off the government about the pros and cons of accepting the invite.

Pakistan’s leading newspaper – The Dawn – was at the forefront of the crucial process of providing a thaw to the relationship between the two nations. In an earlier editorial, The Dawn had said that Modi’s invitation “is an astute diplomatic move and a mixed blessing for the Pakistani prime minister. Its rejection could have been construed as an unfriendly gesture and justification for future Indian belligerence. However, its acceptance, despite past and recent insults hurled at Pakistan, could cast this country in the role of an Indian satrap, more so if other South Asian leaders attend. The occasion could be utilised by Modi to set the bilateral and regional agenda. In any case, peace is not about to break out between Pakistan and India.”

The paper, till the invitation was accepted, took an upbeat stance, urging that the Sharif government should respond in the positive.

On May 25th , The Dawn hailed Sharif’s acceptance to the visit and said in an editorial, “...an opportunity exists again, and by taking a bold decision Mr Sharif has denied an opportunity to the hawks in Indian politics and media to orchestrate a new anti-Pakistan chorus. Adviser Tariq Fatemi may appear overly optimistic when he says the visit could open a new chapter in Pakistan’s relations with India, but let us hope that Mr Modi, too, thinks that way.

Here are two contrasting phenomena: Manmohan Singh didn’t utilise Asif Ali Zardari’s offer; Mr Sharif has accepted Mr Modi’s. This round goes to Pakistan. The ball is now in Mr Modi’s court. He should respond with concrete gestures, the least of which could be a one-to-one meeting with Mr Sharif during his brief stay in the Indian capital.”

All across the Pakistani media, the decision was appreciated even while some papers added a note of caution. The Nation said in an editorial that, “contrary to popular belief, there is a lot of good that could come from this meeting as well”. It said a meeting the two leaders are scheduled to have a day later “will be the perfect opportunity to assess where the new Indian government stands.”

“Modi’s body language and his words will be very informative for our prime minister,” it added. The daily said that although Sharif had made his intentions on improving ties with India no secret, a half-hour meeting was not what he had in mind. This is “why the government took its time in thinking before giving an answer” in the affirmative in response to an invitation from New Delhi to attend Modi’s swearing-in on Monday as India’s new prime minister.

The News International said expectations of improved relations with India after Modi’s landslide victory, “are so low that there is a tendency to overstate the importance of every small action as a symbol of change.”

“Modi’s invitation to Sharif, and Nawaz’s positive response, to attend the new Indian prime minister’s inauguration on Monday are both shrewd gambits made by veteran leaders.”

The Indian invitation “does not in itself mean that Modi is ready to take ties with Pakistan to the next level”, it said. This Pakistani daily said that whether Modi accepts the offer of a return visit  may be an early indication. “But events have a way of ruining even the best of intentions, and the future course of relations may be out of the hands of both leaders,” said the editorial.

Thus while a section keenly awaits the turn of the events in Delhi, not many in Pakistan and within its media fold are excited.
On the other hand, the Indian media termed it as a foreign policy masterstroke. The Asian Age called it “a strategically-astute move expected to yield major diplomatic dividends”, adding that the “surprise move… is seen as a masterstroke by Mr Modi to reach out to the immediate neighbourhood”. The Times of India responded with the editorial headline “Neighbourly invite: Incoming Modi government should expeditiously reset stalled regional ties.” The paper described the decision as “a positive signal”, adding that the “relations with India’s neighbours deserve the highest possible emphasis.” It hoped that the incoming BJP government will “adopt a pragmatic approach to foreign policy.”

The Indian Express said the invitation “challenged the entrenched negative perceptions, at home and abroad, about his worldview (but)...his terrific move (shows) he is ready to engage the neighbours without standing on protocol and precedent. Unlike his predecessor, Manmohan Singh, Modi, as PM, must travel frequently to the neighbouring countries, including Pakistan. Routinisation of such diplomatic engagement will not solve all of India’s problems with its neighbours.”

Even the US media has highlighted the incumbent meeting of the two leaders as a sign of positive times to come. Most US papers called it a “mutual gesture”, adding “it may mark a turning point for the two countries and the South Asian region.”

Media is an important institution of democracy. Both Indian and Pakistani media have an important role to play as the two nations set out to re-discover peace and healthy relations. This time, they have acted most responsibly. Media of both countries ignored every bitterness and hostility of the past and with optimistic reports, only rekindled hope of an uninterruptible dialogue process. They ceased to be the conflict-stoker and took on the role of peacemakers.
In this scenario, it will be worth to wait and watch the part they play in this sensitive matter in time to come.
 

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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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