News Broadcasting
PanAmSat Q2 results boosted by football world cup coverage
MUMBAI:PanAmSat, the global video and data broadcasting services provider has reported revenues of $209.2 million for the second quarter of 2002, in financial results declared last week.
The slight increase in revenues over corresponding figures last year (total revenues for Q2 2002 were $209.2 million, compared to revenues of $208.2 million for Q2 2001) was facilitated by the company’s world cup soccer coverage, claims PanAmSat. The successful completion of the company’s largest single event ever for broadcast services, consisting of more than 23,000 hours of 2002 FIFA World Cup coverage to over 24 countries around the globe, was concluded this quarter.
The company has also declared EBITDA of $150.8 million, earnings before interest and taxes (EBIT) of $61.0 million and earnings per share (EPS) of $0.13 during the quarter ended June 30, 2002. The companys EBITDA margin was 72 per cent of revenues for Q2 2002, a seven per centage point increase over the same period last year, says the company.
Other business highlights of PanAmSat’s Q2 2002 results include:
# The culmination of the companys $2.0 billion, 30-month, seven-satellite modernisation programme with the successful launch of the Galaxy IIIC satellite on 15 June, giving PanAmSat the youngest, most modern fleet in the FSS industry.
# Quarterly EBITDA increased $16.3 million or 12 per cent as compared to the same period in 2001, despite relatively flat revenues for PanAmSat and the satellite industry as a whole.
PanAmSat president and CEO Joseph R. Wright says the company began to reduce its cost base relative to the revenues realistically expected for this year after last summer’s performance. “Our operating costs are now over 20 per cent below this time last year. We also refocused our company away from the expensive development of new products for the Internet and back to completing our seven satellite fleet modernization program to create the youngest, most reliable FSS operation in the industry. ”
The company expects total revenues for the third quarter of 2002 to be in the range of $190 million to $200 million, with no new sales or sales-type leases.
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.
