India Media Monitor (Issue 6, June 2009)

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Information about India Media Monitor (Issue 6, June 2009)
Business & Mgmt

Published on August 17, 2009

Author: G2Mi



A fortnightly newsletter covering developments in the Indian media industry. The newsletter is free and is also available for download at is a leading website providing information and analysis on the global media industry.

India Media Monitor India Media Monitor th | Fortnightly newsletter on the Indian media industry | Issue No. 6, Published 29 June 2009 | Published by Heernet Ventures Limited ( | News stories Pearson invests in Indian education Full year results from Sun TV, Dish TV and Jagran Prakashan. Rishi Khiani appointed as the CEO of Indiatimes Magazine on Nanotechnology launched RCom plans to launch Mobi TV Tata Tele launches GSM service under Tata Docomo brand Sivaskaran acquires 51% stake in S Tel BSNL launches IPTV services Info edge launches e-learning website, Meritnation Malayala Manorama launches education website Data Share price data Deal Sheet Heernet Ventures publishes this newsletter as part of its research coverage of the Indian media industry. You can access more research on the Indian media industry from our research website at If you are a media company or financial investor seeking growth opportunities in the Indian media industry, we can assist you to ensure that you are successful in identifying and executing the best opportunities. With dedicated teams in both London and India, we are well placed to provide ‘on the ground’ assistance and support. We can help you understand the structure of the Indian media industry and the key challenges that exist for foreign investors. We can also assist with deep analysis of key industry segments and assist you in both identifying and negotiating with suitable, local companies. Over the last five years, we have worked on assignments across the publishing, Internet and broadcasting sectors. For an initial discussion, contact Harjinder Singh-Heer on +44 (0) 208 180 7223 or by email on © Heernet Ventures Limited. All Rights Reserved

India Media Monitor News Media Times Group launches ET Now 23rd June 2009 Pearson invests in Indian education The Times of India group has launched a new business news th television channel, ET Now. ET Now will share editorial 25 June 2009 resources with The Economic Times newspaper. Pearson, the UK-based media company has made two investments in the Indian education sector. It has acquired a 50% stake in Educomp, an Indian vocational training centres Jagran Prakashan announced its annual financial operator, for US$ 17.5 million and has also acquired a 17% result for the year 2008-2009 stake in TutorVista, an Indian online tutoring company. 19th June 2009 Educomp provides a range of traditional and online-based The Indian newspaper publisher, Jagran Prakashan, declared teaching materials for students in addition to vocational its annual results for the year ended March 2009. The training for teachers; in recent years, the company has company increased revenue by 8.0% to Rs 8.1 billion. invested outside of India. In india, it operates 26 vocational Growth in adspend was low at approximately 6%; much of training centres in the country and serves 23,000 schools. the growth came from circulation revenue, outdoor TutorVista provides online instruction in English, Maths and advertising and events. Science to K-12 students. Pearson has a strong position in the educational publishing market (it also owns the Financial Times newspaper, Penguin publishing). Y/E March (Rs 2008 2009 % change million) Dish TV announced its annual financial result for 7,496 8,073 7.7% the year 2008-2009 Revenue 1,639 1,567 -4.4% EBIT 20th June 2009 981 916 -6.6% Net Profit The Indian DTH operator, Dish TV, declared its annual results for the year ended March 2009. The company Source: Company increased revenue by 80.5% to Rs 7.4 billion. The company also added 2.06 million subscribers during the year (up from 1.04 million during the previous financial year). The Sun TV announced its annual financial result for company estimates that it has a 42% share of the DTH the year 2008-2009 market. 24th June 2009 Sun TV, the leading television company in South India Y/E March (Rs published its annual results for the year ended March 2009. 2008 2009 % change billion) The company increased revenue by 18.9% to Rs 4.4 billion. Revenue 4,136 7,390 79.0% Y/E March (Rs billion) 2008 2009 % change EBITDA -2,166 -1,874 N.A. EBIT -3,657 -4,028 N.A. Net Profit -4,132 -4,763 N.A. Revenue 3.7 4.4 18.9% Net Profit 8.6 10.1 17.4% Source: Company Source: Company Sun TV also plans to sell a 5% stake in its radio operation, South Asia FM. Astro Group of Malaysia has a 6.98% stake and is keen to increase it to 20%. © Heernet Ventures Limited. All Rights Reserved

India Media Monitor Sun TV also announced that it has appointed Ajay BSNL launches IPTV services Vidyasagar as its Chief Operating Officer. Earlier, 21st June 2009 Vidyasagar was the President of Star India. BSNL, the incumbent telecoms operator has launched IPTV services in Kolkata under the brand, MyWay. This service New trade magazine Nanotechnology launched had been launched in partnership with Smart Digivision. 15th June 2009 This service will offer videos, games, music, chat, travel and A magazine on Nanotechnology, Nano digest has been other similar services. launched in Hyderabad. It is an English monthly magazine which is aimed at Nano professionals and industry. The magazine is available for Rs 100 per copy. Internet Info Edge launches e-learning portal Telecommunications 25th June 2009 Info Edge, a leading Indian online classifieds company has RCom plans to launch Mobi TV launched a new website aimed at providing educational 25th June 2009 content to children in classes 6-12. The website, Reliance Communications (RCom), the telecoms operator, Meritnation offers a wide range of learning content. has announced plans to launch Mobi TV on its GSM offering. The company plans to offer 35 television channels Rishi Khiani appointed as the CEO of Indiatimes to its GSM users. Mobi TV is based on a technology platform developed by Apalya Technologies. Reliance 19th June 2009 Mobile has entered into an agreement with Aajtak to provide Rishi Khiani was appointed as the CEO of Indiatimes, video news alerts to MMS news subscribers. The users will Times Internet Limited. Earlier, he was the Chief Operating get news alerts twice a day in MMS format; the monthly Officer of Web 18. subscription price will be Rs 30. Malayala Manorama to launch education portal Tata launches services under Tata Docomo brand 24th June 2009 25th June 2009 Malayala Manorama, the Keralan media company is Tata Teleservices, an Indian telecom operator, has launched launching an education website. It will be a listing based its GSM services under the brand ‘Tata Docomo’. Initially, website covering services such as private tutoring and only pre paid services shall be provided and it is being courses. The site will also offer social media features and launched in Tamil Nadu. tools. Malaya manorama is the leading media company in the state of Kerala Sivasankaran acquires 51% stake in S Tel 21st June 2009 Hungama launches online music store C Sivaskaran, an investor, has acquired 51% stake in S Tel, 22nd June 2009 an Indian telecom company, for approximately Rs 11.5 billion. Sivakaran made the investment through his Hungama, the Indian music and entertainment company is investment company, Sterling Infotech Group. S Tel has launching an online music store at The site license to operate telecoms services in northern and eastern will primarily offer Indian music; users can play tracks and states in India. purchase downloads. © Heernet Ventures Limited. All Rights Reserved

India Media Monitor Share Price Data Company name Reuters Bloomberg Currency Current % Change Code Code price 1 mth 6 mth 12 mth Diversified Media Adlabs Films ADLF.BO ADLF:IN INR 366.80 7.55% 115.26% -29.11% UTV Software Communications UTVS.BO UTV:IN INR 376.70 -2.66% 43.78% -50.79% Broadcasting Balaji Telefilms BLTE.BO BLJT:IN INR 57.40 -7.12% -5.90% -70.56% Entertainment Network India ENIL.BO ENIL:IN INR 177.05 -16.88% 31.10% -52.79% ETC Network ETNT.NS ETCN:IN INR 107.35 -4.15% 40.33% -43.50% IBN Broadcast IBN.NS IBN18:IN INR 104.20 -17.30% 22.59% 21.87% NDTV NDTV.BO NDTV:IN INR 137.60 -14.29% 15.63% -66.87% Sun TV SUTV.BO SUNTV:IN INR 237.45 -9.11% 48.13% -25.39% TV Today Network TVTO.NS TVTN:IN INR 92.90 -9.81% 26.48% -0.27% Zee Entertainment ZEE.NS Z:IN INR 170.60 -3.89% 28.95% 22.81% Zee News ZEEN.NS ZEE:IN INR 40.50 -14.47% 12.81% -14.29% Publishing Deccan Chronicle DCHL.BO DECH:IN INR 80.60 -5.73% 80.92% -30.87% Mid day multimedia MIDD.BO MIDM:IN INR 18.15 1.97% 46.98% -35.18% Navneet Publication NAVN.BO NPI:IN INR 78.75 15.13% 96.63% 7.14% HT Media HTML.BO HTML:IN INR 95.35 -19.94% 37.79% -5.59% Jagran Prakashan JAGP.BO JAGP:IN INR 74.25 -2.30% 30.15% 4.95% Entertainment K Sera Sera Productions KSER.BO GPM:IN INR 14.70 26.18% -23.64% -31.94% Mukta arts MUKR.BO MUKR:IN INR 62.65 19.56% 22.24% -24.43% Prime Focus PRFO.BO PRIF:IN INR 184.75 5.74% 55.25% -60.94% Pritish Nandy Communications PNCL.BO PRTN:IN INR 23.75 -22.64% 30.49% -54.28% Pyramid Saimira Theatre limited PYSA.BO PSTL.IN INR 21.65 -0.46% 0.00% -59.53% Crest Animation CRCO.BO CRSA:IN INR 28.55 18.63% 9.90% -61.82% PVR limited PVRL.BO PVRL:IN INR 107.15 -14.96% 23.16% -37.63% Internet Info Edge INED.BO INED:IN INR 683.90 -2.29% 66.80% -31.61% Northgate Technologies NOTC.BO NORT:IN INR 46.55 26.84% -26.92% -87.07% © Heernet Ventures Limited. All Rights Reserved

India Media Monitor Deal Sheet A summary of key deals and joint ventures over the previous 3 month period. Sub Sector Investor Investee Terms Details Jun-09 Education Pearson PLC Educomp 50% stake in Pearson PLC is an UK based publisher of text books. Solutions Ltd Educomp and Educomp is an Indian vocational training centers operator and Tutorvista 175 stake in and Tutorvista is a Bangalore based online tutoring Tutorvista for company. US$ 30 million Jun-09 Telecommuni C Sivasankaram S Tel 51% stake for S Tel is an Indian telecommunications company providing cations Rs 11.5 billion services in Eastern and Northern states. C Sivaskaran is a prominent investor. May-09 Value added Geodesic Ltd Interactive 100% stake Geodesic Ltd is a communication and entertainment services Networks Inc solutions provider company. Interactive Networks Inc is a value added service provider in South America. May-09 Advertising Ybrant Digital Dream Ad n.a. Ybrant digital is an e-marketing company. Dream Ad is an Argentina based ad network. May-09 Television Zee Entertainment Resource 40% stake for Zee Entertainment Enterprise Ltd is an entertainment Enterprise Ltd Software US$ 56 million company. Limited May-09 Telecommuni Sahara Group S Tel 11.7% stake S Tel is a Chennai based telecom company. Sahara Group cation is an entertainment conglomerate. Apr-09 Advertising Future Group Dhar & Hoon 60% stake Future group is a major retail company in India. Dhar & Hoon is a mid size advertising company. Apr-09 Television Oman Investment Fund Neo Sports Rs2.58billion Oman Investment is an Oman based venture capital (Oman) and 3i Broadcasting company and 3i is a Mauritius based investment company. (Mauritius) Neo sports is owned by Zenith sport subsidiary of Nimbus Communication ltd. Apr-09 Outdoor Hype Integracomm Pvt Asawari n.a Hype Integracomm Ltd is a Mumbai based advertising advertising Ltd (India) Publicity company. Asawari Publicity is an Pune based outdoor advertising company. © Heernet Ventures Limited. All Rights Reserved

India Media Monitor Published by: Heernet ventures limited London UK, Gurgaon India Tel: +44 (0) 208 180 7223 Fax: +44 (0) 870 762 3014 Web:, © Heernet ventures limited 2009. All Rights Reserved. All corporate logos, images and brands are copyright of the respective companies. TERMS & CONDITIONS OF USE Every attempt has been made to ensure that the information in this report is correct at the time of publication. Heernet ventures limited and its directors do not accept any liability for any errors or omissions within this report. Unless specified, the views expressed in this report are purely those of the author. The content of this report does not in anyway constitute investment advice or investment recommendations. Heernet ventures limited does not provide investment advice or investment advisory services and is not regulated by the Financial Services Authority (FSA) in the UK or any other financial services regulator in any other country. The content of this report can not be reproduced without the written permission of the author. This copy must not be circulated in either electronic or print format outside of the purchasing organisation. © Heernet Ventures Limited. All Rights Reserved

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