GECs
Chrome Data: Week 1 meant business
MUMBAI: Money isn’t thought to be the biggest cause of worry for no reason. At least it seems so in this case. As the New Year ushered in, it was the news about money and the ups and downs that it saw in the last year that kept the TV viewers glued to their TV sets in the first week of the year. As various channels presented the yearly round-up, the business channels took away the largest share of audiences. The business channels topped the chart in the Week 1 of opportunity to see (OTS) as per Chrome Data Analytics & Media.
The business channels across eight metros saw an increase of 1.4 per cent with the Hindi business channel, CNBC Awaaz, leading with 83.0 per cent OTS.
And considering it was the holiday season, the second on the list were the English movie channels that fared really well in the eight metros. The genre saw a rise of 1.1 per cent. Pix reclaimed its first position, pushing behind Star Movies that had climbed to the first position in Week 52. The channel got 89.4 per cent OTS.
Infotainment channels across India too saw an increase of 1 per cent with Discovery gaining 91.6 per cent. Sports channel claimed the fourth place in the OTS list with 0.9 per cent grow across India. Looks like the Ashes kept cricket fans occupied as Star Sports 1 was ahead of others in the genre with 77.9 per cent OTS.
As for the bottom four, Hindi news channel in the Hindi speaking market (HSM) saw a fall of 1.4 per cent. Aaj Tak continued to be the popular one in the genre and garnered 94 per cent. English entertainment too didn’t get many viewers and fell by 0.9 per cent in the eight metros. Star World, however, toppled AXN which premiered the much-awaited season three of Sherlock. The channel from the Star bouquet scored 82.5 per cent OTS.
In the HSM, music channels saw a slight dip of 0.1 per cent, whereas the religious channels didn’t see any change. Sony Mix with 89.2 per cent and Aastha channel with 98.3 per cent topped their respective genres.
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.
