MAM
2010 to witness slow advertising rebound: Study
MUMBAI: Year 2010 shall witness a slow advertising rebound, predicts Credit agency Standard & Poor‘s.
Entitled “Economic Factors Point to a Long Trudge Out of the Recession for US Media and Entertainment”, S&P states that there was a high number of credit downgrades last year and also suggests further that there are no assurances of a near-term resumption of industry growth.
The study hints to the fact that in 2010 more downgrades are likely, especially for companies with already-strained liquidity.
As far as advertising is concerned, S&P notes that there has been a “downside overreaction” during the global slowdown as the ad-spending contraction has exceeded the GDP contraction.
This is expected to turn around in the rebound as S&P predicts a 2.35 per cent of real GDP growth in 2010, and estimates that this would decipher into a growth of 4.2 per cent growth in ad spending. The growth, S&P notes, will be primarily pushed by the midterm elections and the Winter Olympics.
S&P anticipates many media subsectors to show growth in the second half of the year.
Brands
SPNI promotes Tavishi Budhiraja to vice president for HR and DEI
Longtime HR leader steps up to drive revenue teams and inclusion agenda
GURUGRAM: Sony Pictures Networks India has elevated Tavishi Budhiraja to vice president, HR business partner for revenue functions and diversity and inclusion, strengthening its people leadership across key business verticals.
In her expanded role, Budhiraja will oversee HR strategy for revenue-facing teams including ad sales across linear and digital, distribution and international business, while continuing to lead the company’s diversity and inclusion initiatives.
Budhiraja has been with the network for over 15 years, rising through the ranks from HR business partner for ad sales to assistant vice president, where she also took on the diversity and inclusion mandate. Her elevation reflects both continuity and a sharper focus on aligning people strategy with business growth.
Prior to joining SPNI, she worked with Reliance Communications as deputy manager, gaining early experience in human resources.
Announcing the move, Budhiraja said she looks forward to deepening impact and strengthening people strategies across teams, while continuing to grow within the organisation.
The promotion comes as media companies increasingly invest in talent and workplace culture to support evolving revenue models and digital expansion, making HR leadership a critical lever for long-term growth.
