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Special Report

Subhash Chandra defines ZEEL’s value proposition as ‘A to Zee of content leadership’

ZEEL chairman Subhash Chandra defines the value proposition of the company as the ‘A to Zee of content leadership’. A testimony to Chandra’s assertion is that the company’s revenue and EBITDA have grown by 16% and 21% CAGR respectively over the last five years. Revenue has grown to Rs 6,434.2 crore in FY17 while EBITDA margin is at 29.9%.

MIB grants 37 new MSO licences in two months

MIB grants 37 new MSO licences between 9 May and 11 June. It also cancelled/closed 13 MSO registrations due to incomplete applications and missing documents.

GTPL Hathway, Darsh in advanced talks to set up JV for expansion in Bihar

GTPL Hathway, which is raising Rs 480 cr via IPO, and Patna-based Darsh Digital Network are in advanced talks to form a 50:50 JV to expand in the Bihar market. Talks are also on to stretch the JV to the Jharkhand region.

DTH ops fear ET from local bodies could surface, take away Rs 700-cr GST advantage

DTH companies, which paid Rs 1,300 cr as entertainment tax in FY17, are expecting the burden to lighten after GST comes into force. The sector could save Rs 700 cr in lieu of tax. But a spoke in the wheel could appear in the form of local bodies coming out with ET.

NewsX becomes first English channel to hop on to Freedish

Doordarshan has sold two vacant slots on its free DTH platform Freedish to English news channel NewsX and Hindi movie channel RT Movies on pro rata basis for Rs 8 crore each. NewsX is the first English news channel on the Freedish platform, which has mostly Hindi-language channel and a few Marathi channels.

GTPL Hathway cuts IPO size to Rs 480 cr

GTPL Hathway has cut the size of its IPO by 20%. The promoters strategically decided on 25% dilution rather than 30%. The issue size is Rs 480 cr, down from the initial plan of raising Rs 600 cr. IPO price is Rs 170 in the upper end and Rs 167 at the lower band.

Astro wants to exit NDTV Good Times, makes offer to NDTV to buy out its 49% stake

Astro wants to exit NDTV Lifestyle Holdings, the company which runs NDTV Good Times. NDTV, however, has declined to exercise the option to buy back Astro’s stake.

Zee Media to launch Urdu news channel on 1 July

ZEEL is planning to shut down Zee Salaam to allow ZMCL to launch it as an Urdu news channel. The launch is on 1 July.

Sun Direct has 3-year capex plan of Rs 1,475 cr; capital infusion from promoters not needed

Sun Direct has capex plan of Rs 1,475 cr for next 3 financial years. Out of this, intent is to have debt funding of Rs 450 cr during FY18–FY20. Future capex is expected to be supported through internal accruals and debt, with no further dependence on promoters’ contribution.

MIB grants four TV channel licences in May; no licence granted in April

MIB grants 4 TV channel licences in May after failing to grant a single one in April. There are currently 882 permitted TV channel licences in India, including 391 news channels and 491 non-news channels.