News Broadcasting
HT Media reports sluggish growth; Radio revenues impacted by soft ad environment
BENGALURU: Indian print, digital and radio media group HT Media reported 2 percent year-on-year (y-o-y) growth in consolidated revenue for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year ago quarter. The HT Media group revenue (includes HT Media Limited and another publicly listed subsidiary Hindustan Media Ventures Limited) increased by Rs 9 crore in Q2 2020 to Rs 580 crore from Rs 571 crore in Q2 2019.
HT Media Group consolidated operating margin (EBITDA) more than doubled (grew 139 percent) y-o-y by Rs 47 crore during the quarter under review to Rs 81 crore from Rs 34 crore in Q2 2019. Consolidated loss halved (declined 51 percent) y-o-y to Rs 22 crore in Q2 2020 from Rs 22 crore in Q2 2019.
Radio Business
The HT Media Group had acquired a 51 percent stake in Next Mediaworks (NMW) in the last quarter of 2019. The HT Media Group reported 27 percent y-o-y growth in radio revenue in Q2 2020 due to NMW – radio revenue increased by Rs 13 crore to Rs 59 crore in the period under review from Rs 47 crore in Q2 2019. However, the company says that radio revenue ex NMW declined 7 percent y-o-y in Q2 2020. Operating EBITDA of the Group’s Radio Business declined by Rs 3 crore or 22 percent y-o-y in Q2 2020 to Rs 12 crore from Rs 16 crore in the corresponding quarter of the previous fiscal.
Some of the radio brands of the HT Media Group include Fever 104 FM, 94.3 Radio One International and 102.7 FM Radio Nasha.
Print Business
HT Media Group’s overall Print Business revenue declined by Rs 14 crore or by 3 percent y-o-y in Q2 2020 to Rs 438 crore from Rs 452 crore. Print Business operating EBITDA increased 516 percent or by Rs 40 crore y-o-y during the period under review to Rs 48 crore from Rs 8 crore.
HT Media Group’s overall Print ad revenue declined 6 percent or by Rs 21 crore y-o-y in Q2 2020 to Rs 342 crore from Rs 363 crore. Overall Print Business Circulation revenue reduced by Rs 5 crore or declined by 7 percent to Rs 66 crore in Q2 2020 from Rs 72 crore.
Print – English Ad revenue declined 6 percent y-o-y to Rs 203 crore in Q2 2020 from Rs 217 crore. Print -English Circulation revenue declined 8 percent to Rs 17 crore in Q2 2020 from Rs 18 crore.
Print – Hindi Ad revenue declined 6 percent y-o-y to Rs 139 crore in Q2 2020 from Rs 147 crore. Print Hindi Circulation revenue declined 7 percent y-o-y during the period under review to Rs 50 crore in Q2 2020 from Rs 54 crore.
Company speak
HT Media and Hindustan Media Ventures chairperson and editorial director Shobhana Bhartia said, “Slowing economic growth has hit advertising spends in key categories, putting pressure on revenues across the media industry. As a result, our Print and Radio (on like to like basis) businesses saw revenues dip as compared to a year-ago. However, thanks to lower commodity prices and a tight control on costs, we saw an improvement in our operating profit. On the digital front, Shine, our online recruitment portal has shown good progress and continues to grow. Our outlook for the coming quarter remains cautious, given overall economic sentiment and macroeconomic trends. Cost-control and falling commodity prices should help protect our margins.”
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
