MUMBAI: Media conglomerate ABP Group’s net profit for the fiscal ended 31st March 2019 has dropped 68% to Rs. 31.90 crore as against Rs. 99.87 crore in the previous fiscal.

Profit before interest lease depreciation and tax (PBILDT) declined 53.52% to Rs. 107.12 crore as against Rs. 230.50 crore. However, the PBILDT margin of the group has declined from 17.62% in FY18 to 8.12% in FY19.

In FY19, the total operating income remained flat at Rs. 1319.52 crore compared to Rs. 1308.21 crore in the previous fiscal. The group reported gross cash accruals of Rs. 78.26 crore against term debt repayment (prepayment) of Rs. 26.99 crore in FY19.

MUMBAI: The ministry of information and broadcasting (MIB) has approved ZEEL‘s multiple name change applications. The broadcaster has plans to launch regional movie channels besides a Punjabi entertainment channel.

The ministry has approved ZEEL‘s application to rename the licence Big Magic Punjab to Zee Punjabi. Further, the licences under the name Zee Magic and Zee Ganga have been renamed to Big Magic and Big Ganga.

These licences were earlier held by Reliance Big Broadcasting. In 2016, ZEEL had acquired the TV broadcast business of Reliance Broadcast Network for Rs 298.4 crore.

MUMBAI: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has disposed of as withdrawn the appeal of Malwa Cable Operator Sangh Samiti (MCOSS).

The MCOSS appeal is directed against the tariff order of 2017 read with a Press Release dated 03.07.2019 and subsequent Press Releases related to the implementation of said tariff.

On hearing all the parties through counsels, the tribunal found that the grievances which have been highlighted on behalf of the appellant are not really against the tariff order of 2017 which has already mustered judicial scrutiny.

The tribunal learned that few matters against the tariff order of 2017 are still pending before Delhi High Court. Those matters are directed against the Interconnection Regulations, 2017.

It also found that grievances of the appellant are in fact adversarial in nature and mainly directed against the Interconnection Regulations, 2017 including the terms of the Standard Interconnection Agreement (SIA).

MUMBAI: Sony Corp reported a record second-quarter profit thanks to heavy demand for smartphone image sensors. The company’s quarterly operating profit jumped by 16 per cent.

Operating income for the company stood at 278.96 billion yen ($2.56 billion for the July-September quarter, above the 239.5 billion yen in the same period a year earlier while the result beat an average estimate of 235.13 billion yen. Moreover, Sony raised its annual profit forecast to 840 billion yen from an earlier estimate of 810 billion yen.

Sony Corp has posted a 16 per cent jump in operating profit, registering a strongest-ever result for a second quarter, as per media reports.

As per a statement on the company website: “The operating income is expected to be higher than the July forecast primarily due to an expected decrease in marketing costs resulting from the above-mentioned release date changes in Motion Pictures and higher operating results in India as well as the benefit of the portfolio review in Media Networks.

MUMBAI: Online content regulation has stirred a lot of controversies recently in the Indian over-the-top (OTT) ecosystem. While many experts and platforms are not in favour of censorship, a survey revealed that 57 per cent of Indians want government regulation for OTT platforms.

“Nine in ten (91 per cent) said content-either on TV, films or online, should be regulated by the government, either always (as said by 40 per cent) or sometime (51 per cent). Men are more likely than women to say they want content to be regulated always (45 per cent versus 34 per cent) while women are more likely to want censorship sometime (56 per cent 46 per cent),” Business Insider quoted a survey from YouGov.

MUMBAI: India’s leading national news channel, ABP News will be the first Indian media organisation in the country to match up to global standards by undertaking major resource restructuring in its editorial department. ABP News is implementing this step to better utilise its talent, empower their editorial to drive more accountability, and to ensure greater clarity in roles.

The existing hierarchy within the newsroom is undergoing a makeover. This move will ensure the channel is more audience-centric and responsive towards its consumers.

To match up to global standards, news channel ABP News is undertaking a major resource restructuring in its editorial department. ABP News is implementing this step to better utilise its talent, empower its editorial to drive more accountability, and to ensure greater clarity in roles.

The existing hierarchy within the newsroom is undergoing a makeover. This move will ensure the channel is more audience-centric and responsive towards its consumers.

Noida: India’s leading national news channel, ABP News will be the first Indian media organization in the country to match up to global standards by undertaking major resource restructuring in its Editorial Department. ABP News is implementing this step to better utilise its talent, empower their editorial to drive more accountability, and to ensure greater clarity in roles.

The existing hierarchy within the newsroom is undergoing a makeover. This move will ensure the channel is more audience-centric and responsive towards its consumers.

The roles in the organisation will be more defined wherein, Rajnish Ahuja will be the Senior Vice President, News and Programming; Sanjay Bragta as the Vice President, News Gathering; Arun Nautiyal as the Vice President, News Production, Sumit Awasthi as the Vice President, Planning and Special Coverage, Vibha Kaul Bhatt as the Associate Vice President, Programme Production and Anju Juneja will be the Associate Vice President, Special Projects.

New Delhi: The Telecom Regulatory Authority of India (TRAI) has issued the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) (Amendment) Regulations, 2019 on 30th October based on the comments received against the draft regulations and subsequently Open House Discussion (OHD) on 26 September 2019 in Delhi.

Based on these Regulations the Authority has amended Schedule III of the Interconnection Regulations 2017, mainly on Scheduling and Scope of Audit, The Transactional capacity of Conditional Access System (CAS) and Subscriber Management System (SMS) system, Support for Overt and Covert fingerprinting in Set-Top-Boxes and Watermarking network logo for all pay channels.