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Radio Mirchi FY14 net up 23% on back of strong revenue growth

Radio Mirchi

ENIL’s free cash position as on 31 March 2014 stands at Rs 440 crore (Rs 4.4 billion). “The really good news is that the Phase III auction process has already started in April this year. We now believe auctions will happen before the calendar year is out,” says Prashant Panday.

Times of India releases 3.0 version of its digital app


Times of India has released version 3.0 of its iPhone and Android app. The latest apps boast of a sleeker design, enhanced user experience and a host of new features.

DB Corp FY14 net up 41%, ad revenue boosts profitability

DB Corp’s EBITDA from the radio biz was up 89% to Rs 20.5 crore (Rs 205 million). Ad rev up 19.2% to Rs 80.1 crore.

Ad and circulation revenues boost HT Media net to Rs 207.5 cr in FY14


HT Media’s consolidated net profit up 24%. Revenue from Fever FM grew 19% to Rs 93 crore. EBITDA up 129% to Rs 28.5 crore and EBITDA margin almost doubled.

Hindustan Media Ventures posts strong financial performance in FY14

Given its net cash of Rs 3.9 bn, Hindustan Media Ventures has enough fire power to speed up the expansion plans and penetrate markets deeper. Higher revenue generation from ad and circulation provided enough legs for the company to sustain topline growth in FY14.

My FM addresses inventory crunch with ad hike

Addressing the inventory crunch due to high demand from advertisers, My FM has hiked its advertising rates by 25% across its 17 stations with effect from 1 April.

Rakesh Jhunjhunwala sets the stage for the bull market in HT Media

Rakesh Jhunjhunwala’s RARE Enterprises purchases 1.5 mn shares of HT Media for total consideration of Rs 106.8 mn. The counter logs heavy volumes on BSE and NSE before ending the session on a high note.

I&B minister urges magazine publishers to adopt technology and cost-cutting measures

Manish Tiwari

I&B minister Manish Tewari has urged magazine publishers to focus on profitable growth by implementing cost control initiatives and adopting technology across key business performance areas such as planning, budgeting, customer relationship management and strategic outsourcing.

RSCI suspends new IRS data till 31 March


Amid stiff opposition from print media companies, the Readership Studies Council of India (RSCI) has decided to suspend the new Indian Readership Survey (IRS) data, which was released on 28 January.

ICC firewalls its official sponsors from rights infringement


For the first time, ICC issues a detailed advisory for the print media; protects exclusivity granted to its official sponsorship partners including Pepsi, LG, Hyundai, Castrol, Emirates, MoneyGram, Reebok and Reliance.