GECs
Pakistan’s cable TV operators end strike
MUMBAI: Cable operators have agreed to abide by the rules and regulations of the Pakistan Electronic Media Regulatory Authority (Pemra) regarding re-broadcasting of channels without ‘lending rights’.
A spokesman for Pemra said the authority had returned the equipment of the cable operators confiscated for showing the channels, which had not been granted ‘lending rights’ by Pemra.
The cable operators pledged to support Pemra to enforce regulatory regime and they called off their strike in Islamabad on 24th December and resumed their cable service operation. .The spokesman said the satellite channel required registration under rules for getting ‘lending rights’.
The spokesman said 35 channels had no ‘lending rights’ from Pemra including AXN, National Geographic, Reality, Set Max, Sony, Sahara One, Balle Balle, Etc, Channel One, Now, MM, MM2, M NET, Series, Action, Super Sports 1, Super Sports 2, Super Sports 3, Super Sports 4, Super Sports 5, Super Sports 6, Fashion TV International, Zee TV, Zee Cinema, Zee Music, Zee Sports, Zee News, Zee Smile, STAR Ustav, STAR Care, STAR Gold, BHU Movies, BHU Music and E-Entertainment.
On 23 December, Pemra had ordered Pakistan’s cable TV operators to stop airing 35 channels over ‘piracy issues’ and threatened a complete shutdown of the service from this week, a media report said .
“It (the closure of 35 channels) is a regulatory action to force cable TV operators to air only legitimately subscribed channels and stop showing those banned by the government,” said Pemra spokesman Muhammad Saleem. “We have received complaints from these channels and have been urging these operators not to indulge in piracy and show only those channels which they subscribe to.”
The cable industry in Pakistan was legalised in 2000 during the military rule of Gen. Pervez Musharraf. Pakistan Television (PTV) had total monopoly in the television industry till private channels, run from outside but catering to Pakistani audiences, began surfacing in mid-2002.
There has been a tremendous growth in cable TV operators in the country over the last two years and besides nearly 1,000 registered with the association, there are countless others operating illegally.
For commercial and political reasons, Pakistan banned some Indian channels in 1999 as the government at that time believed they were hurting the country’s interests.
While they were believed to be indulging in propaganda against the country, these channels were also eating away a major chunk of advertising revenue as people had switched over to more entertaining Indian channels.
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
