News Broadcasting
Viacom posts double digit gains in revenues for Q1 2004
MUMBAI: Viacom, which has just released its results for the first quarter of 2004, says its revenues have jumped 12 per cent to a record $6.8 billion from $6.1 billion for the same quarter last year. A 21 per cent gain in overall advertising revenues, totaling $3.2 billion drove the record earnings, says a company release.
First quarter operating income increased 20% to $1.2 billion from $987 million, led by strong growth of 24% in cable networks, 38% in television and 55% in the entertainment segment.
Viacoms bottom line results for the first quarter were equally robust, says the company, with an operating income growth of 20% and, excluding the tax benefit, a gain in net earnings of nearly 30%. The company says it is on track to deliver full year 2004 revenue growth of five to seven per cent, operating income growth of 12 per cent to 14 per cent and earnings per share growth of 13 per cent to 15 per cent.
For the quarter, Viacom’s Cable Networks revenues (which includes MTV, VH1, Nickelodeon, Spike TV, CMT, Comedy Central, BET and Showtime Networks) increased 21 per cent to $1.4 billion from $1.2 billion and operating income increased 24 per cent to $536 million from $432 million. Comedy Central, which was acquired in May 2003, contributed nine per cent to Cable Networks’ revenue growth and 10 per cent to operating income growth for the quarter, claims the company.
The revenue increases were driven by higher advertising, affiliate fees and ancillary revenues. Cable Networks’ advertising revenues grew 33 per cent led by growth of 35 per cent at MTV Networks and 16 per cent at BET.
The company’s Television (CBS and UPN Television Networks and Stations; Television Production and Syndication) revenues increased 18 per cent to $2.3 billion from $1.9 billion, and operating income increased 38 per cent to $336 million from $243 million. CBS and UPN Networks, says the company, together delivered 26 per cent higher advertising revenues principally driven by the telecast of Super Bowl XXXVIII, the NCAA Mens Basketball Championship and the strength of CBS primetime.
The Stations group advertising revenues increased 14 per cent, benefiting from the major sports events on CBS during the first quarter, higher advertising revenues from key industries (automotive, leisure and media, and transportation) as well as higher political spending.
For the quarter, the company’s radio revenues increased three per cent to $455 million from $444 million and operating income increased five per cent to $199 million from $191 million.
News Broadcasting
News18 India to air Sabse Bada Dangal on 4 May counting day
Channel promises fastest results, live trends and analysis across five states.
MUMBAI: Ballots will do the talking and screens will do the shouting. As counting day approaches for high-stakes Assembly elections across West Bengal, Tamil Nadu, Kerala, Assam and Puducherry, News18 India is gearing up for an all-day broadcast of its flagship election show, Sabse Bada Dangal, on 4 May from 6 am onwards. The Hindi news channel plans to deliver continuous, real-time updates as votes are tallied, combining live counting data with on-ground reporting and studio analysis. With political fortunes set to shift through the day, the coverage will track every swing, surge and surprise as trends turn into results.
The broadcast will feature a mix of senior political leaders, analysts and experts, offering instant reactions and decoding the evolving electoral picture. Expect heated debates, quick takes and detailed breakdowns as the numbers settle across all five states.
For News18 India, counting day has long been a high-visibility moment. The network is banking on its reporting reach, editorial bandwidth and technology-driven coverage to stay ahead in what is often a fiercely competitive news cycle.
With multiple battlegrounds and shifting narratives, the day promises both drama and data in equal measure. And if all goes to plan, Sabse Bada Dangal will once again turn the counting of votes into prime-time spectacle.
