Vivid: Media careful, muted on Obama win

Annurag Batra of exchange4media on Barack Obama’s second term as US President and the questions that the world seeks from him

e4m by Annurag Batra
Published: Nov 12, 2012 6:39 PM  | 8 min read
Vivid: Media careful, muted on Obama win

So Barack Hussein Obama’s won a second term to the most powerful office in the world. To say it in a more appropriate fashion, Obama is victorious because there was no defeat in sight – the opponent was not significant enough – and not because he’s had a glorious first four years in office.

Flashback November 4, 2008. The US presidential election had given a thumping victory for Obama to become the 44th President of the country. Barely 50 days prior to that, the Lehman Brothers Holdings Inc, the fourth largest bank in the US, had filed for bankruptcy and the whodunit stories, suicides sparked by the market crash in Europe, the mayhem in the market and an overall bleak onset of 2009 was all one read in the newspapers or saw in news channels. India’s own Satyam scandal was still a month away and the economy was yet to begin feeling the pressures of dwindling export orders and global economic downturn.

Obama’s victory then was like a breath of fresh air, of hope and betterment. It looked like the world – particularly the Americans reeling under pressure such as joblessness brought on by the economic downturn – were finding it hard to decide whether to rejoice at the coming of an African American President or seeing off the fumbling, stumbling conservative George W. Bush II who had become the butt of more jokes across the world than Santa-Banta, owing to gaffes he was prone to.

There were many reasons why Obama won. ‘Politico.com’, the website focussed on US politics said, citing an Association Press and TV neworks’ exit polls:
• Barack Obama won the largest share of white support of any Democrat in a two-man race since 1976 amid a backdrop of economic anxiety unseen in at least a quarter-century.
• He was the first Democrat to also win a majority since Jimmy Carter with the near-unanimous backing of African Americans and the overwhelming support of youth as well as significant inroads with white men and strong support among Hispanics and educated voters.
• He won 43 per cent of white voters, four percentage points below Carter’s performance in 1976 and equal to what Bill Clinton won in the three-man race of 1996. Republican John McCain won 55 percent of the white vote.
• Fully 96 per cent of African American voters supported Obama and constituted 13 per cent of the electorate, a two percentage point rise in their national turnout. As in past years, African American women turned out at a higher rate than men.
• A stunning 54 per cent of young white voters supported Obama, compared with 44 per cent who went for John McCain, the senator from Arizona. In the three decades before then, no Democratic presidential nominee has won more than 45 per cent of young whites.

Given Barack Obama’s roots lay in the developing world – Obama’s father was a Kenyan – coupled with his  great oratory skills, perhaps the greatest since Bill Clinton, made him seem globally like the boy-next-door who became the king one day. He won on his own terms, the victor who was also a visionary and strategist among the racially mixed Americans. In fact, audacity won. When addressing a 100,000-strong gathering in Chicago, Obama said after his victory that, “even as we celebrate tonight, we know that the challenges tomorrow will bring are the greatest of our lifetime: two wars, a planet in peril, the worst financial crisis in a century”, he seemed to be speaking for each and every fellow American.
 
The image of the ‘god of big things’ continued with Obama even after his win. His charisma, induction into his office of those with roots in far-off Asia and Africa, establishing himself a family man who was as much at ease in having an ice cream at a roadside shop along with his kids as he was in receiving the Nobel Peace Prize in Oslo, Obama was fawned upon by the media and the masses alike.

Much has changed in year 2012. If 2008 was the tip of a world beginning to feel the impact of the economic slowdown, 2012 is the depth of the impact it is buried in. Obama has been re-elected in such trying times. Obama-looks, Obama-charm, Obama-feel-good-factor and Obama-economics do not have that draw they once had. He’s back. Big deal. Even the Americans are not enthused.

Here’s a foreboding and ominous bit from ‘not angry guy’ in the award-winning San Francisco-based ‘Uptown Almanac’s’ blog chain on ‘The Mission’s Muted Response to President Obama's Re-Elect’ -- 
“i remember when i was little and i thought i was going to be a lawyer with a bmw by the time I was 25.
im 26 now and i have neither.
i sometimes take a white table cloth from my closet and put it on my ikea table.
my cat and i eat spaghetti O's.” (Sic)

Such has been the muted, careful and fractured reactions from the media to Obama's re-election, ranging from varying accounts that are either ultra-conservative to liberal extreme. And the thrill of the win, well that’s been at best lacklustre, at least when seen through a global lens.

While ‘The New York Times’ website thought best to run with the headline, ‘Divided U.S. Gives Obama More Time’, the conservative ‘Drudge Report’ was more damning: ‘The Divided States of America’. ‘Drudge’ was more pointed in its post-victory reports, one plain speaking a contradiction: ‘Dollar Falls as Obama Win Paves Way for Monetary Easing’.

‘Financial CNBC’ seemed to be groaning ‘What Now?’ perhaps in response to the five-year old global financial beleaguering, while the ‘Christian Science Monitor’ wondered ‘Obama wins, but has anything changed?’ The ‘Washington Post’, a liberal newspaper in America, just stated the obvious with the banner headline  ‘A Second Term ‘ even while delving into ‘The strategy that paved a winning path’, ‘Behind the scenes: Obama’s fierce will to win’ and ‘Obama gets decisive win by stringing together series of narrow victories’.

Conservative ‘Washington Times’ was surprisingly careful in not going all guns blazing for Obama. President Obama, it said, romped home to a second win primarily by “holding together enough of his hope-and-change coalition…surviving a sluggish economy and a fractured electorate that desired a change but failed to find…a credible alternative”.

Such a response has not been lost on the Indian media and it seemed to echo – in fact, doubly so – the sentiments of the Americans, with a very home twist. While ‘The Economic Times’ said ‘America Stays in Obamacare’ in a banner headline, the deck warned ‘But unhealthy for Indian IT’, a reference to Obama’s stand that discourages Indian BPO industry and, limits and crackdown on visas for Indian professionals. ‘Mint’ gave ‘Four More Years’ to Obama while pointing out that his re-election has overcome ‘doubts of a nation ravaged by a prolonged economic crisis’. ‘The Indian Express’ echoed a similar sentiment adding, ‘America chooses Hope over change; President rides on coalition of Blacks, Hispanics, women and youth’. ‘The Times of India’ headline was the same the ‘Drudge Report’s’, the only difference being the drop of the definite article. ToI also pointed, like its sister daily ET, that ‘IT might hurt’ and went on to say that Obama ‘... Faces Tough 2nd Innings’.

Elsewhere too, the Democrat’s re-election is being given a careful treatment. ‘Haaretz’, while squarely blaming the Republicans for not being honest about themselves, Romney or Israel, that ultimately saw them ousted in the presidential polls, points out that a ‘new term for Obama could mean a different take on Middle East peace’. Israel’s oldest newspaper says: “During a US President’s second term, he can take more chances than during his first. But the question is whether Obama will want to spend the next few years trying to justify the Nobel Peace Prize he received at the start of his tenure, and risk making a sad joke of himself, or prefer to focus his time on repairing the limping American economy? Will Obama’s aides advise him to start settling his account in the coming days, or will they warn the President that doing so risks having (Israeli Prime Minister Binjamin) Netanyahu recruit him for the right’s election propaganda, as yet more proof that the whole world is against us?”

Questions we all want answered. We await, Mr President.

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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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