News Broadcasting
MGM 4QFY02 net income rises to $59m
CALIFORNIA: Metro-Goldwyn-Mayer has announced net income of $58.7 million, or $.24 per share, for the quarter ending 31 December 2002. In the fourth quarter of 2001, the company reported net income of $39.1 million, or $.16 per share. Revenues in the 4QFY02 quarter increased approximately 65 per cent to $620.9 million from $375.5 million in the fourth quarter of 2001. EBITDA was $46.8 million compared to $64.0 million in the prior year period.
The fourth quarter of 2002 results included a net gain of $32.5 million, or $0.13 per share, from the sale of the company’s 20 percent equity interest in the Bravo cable television network to NBC.
Chairman and CEO MGM Networks Alex Yemenidjian said, “MGM begins 2003 in excellent financial condition. As a result of several recent initiatives, 2003 will be the start of significant cash flow generation for the Company, at a time when our balance sheet is stronger and more deleveraged than ever.”
Operating highlights include:
– MGM Networks announced a new MGM branded international channel in the Netherlands, increasing its penetration to almost 100 countries.
– The MGM Home Entertainment group’s combined worldwide DVD and VHS shipments crossed the 100 million unit mark for the first time for 2002.
– For 2002, worldwide DVD shipments increased 79 per cent.
– Worldwide DVD shipments increased 112 per cent in the fourth quarter.
– MGM extended its international distribution agreement with NBC for four additional years through the 2007 to 2008 television season.
For full year 2003, based on current estimates, net cash provided by operating activities is expected to be in the range of $100 to $150 million. The company also expects revenues to increase in a range of 3 percent to 5 per cent to over $1.7 billion. Earnings per share are expected to be a loss in the range of $.28 to $.38.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
