Press Releases2013

May 24, 2013
ZNL declares its Q4 FY13 results

Operating Highlights

•    The Subscription revenues had an increase of 6.6% from Rs. 208.3 mn to Rs. 222.0 mn. For the full year, the Subscription revenues increased by 13.5% to Rs. 842.7 mn as opposed to last year's Rs. 742.7 mn. Subscription revenues contributed to 27.7% of the total revenues for full year indicating stronger viewer demand for the channels.

•    The overall operating environment in the fourth quarter was a tough one with inflationary concerns and the advertisers tightening their purse strings. The Ad revenues were Rs. 521.9 mn and those for the full year 2012-13 were at Rs. 2019.9 mn as compared to previous year's Rs. 2004.6 mn. For the year, rate standoff on government advertising also resulted in a significant loss of ad revenues.

•    Profit Before Tax and EBITDA for the quarter stood at Rs. 80.1 mn and Rs. 46.8 mn respectively. For the full year the corresponding figures stood at Rs. 376.1 mn and Rs. 375.4 mn.

•    Subject to requisite approvals, it is proposed to change the name of the company from Zee News Limited to Zee Media Corporation Limited. The company also proposes to launch news and infotainment channels in Rajasthan and Bihar/Jharkhand in the first half of 2013-14.

Mumbai, India; May 23, 2013 – Zee News Limited (ZNL) (BSE: 532794, NSE: ZEENEWS) today reported fourth quarter fiscal 2013 consolidated revenues of Rs. 790.7 million.

Consolidated EBITDA stood at Rs. 46.8 million. Net Profit before tax stood at Rs. 80.1 mn and Operating Expenditure at Rs. 743.9 million. The Board of Directors, in its meeting held today, approved and took on record the Audited financial results of ZNL for the year ended on March 31, 2013.

Mr. Punit Goenka, Managing Director, ZNL, said, “Our subscription revenues have shown a double digit increase and have partially compensated for the revenue constraints from tepid advertising response in the backdrop of a muted period of growth. Our constant endeavour to bring innovative, quality and unbiased content to the viewer will remain the cornerstone of our programming. We aspire to be the one-stop destination for news in the country by building seamless synergy among the Group's TV, print and digital platforms. Our Company is redefining itself in tune with the changing times, laying emphasis on the digital medium and addressing broader viewer tastes.”

Mr. Alok Agrawal, CEO, ZNL, said, “The Zee bouquet of news channels reached the highest number of people across the country touching over a 100 million viewers the last quarter of the fiscal. The network also had the highest relative share in the same period. It is a testimony to the fact that our viewer oriented and innovative programming has shown results. Our differentiated offering to Business News viewers has resulted in Zee Business being leader in 5 out of the 13 weeks of the quarter. Also, we are seeing a significant swing of viewers from English Business News to Hindi Business News. In the last quarter, we expanded our footprint by establishing our presence in burgeoning Central Indian states of Madhya Pradesh and Chhattisgarh with the launch of news and infotainment channel – Zee Madhya Pradesh/Chhattisgarh.”

Highlights

•    ZNL continued to be the largest News Network with the highest relative share for the premium target audience amongst the major news networks. (Source: TAM, Q4, CS 25+, SEC AB, HSM).

Zee News Limited also became the first Indian news network to reach 100 million viewers in the last quarter of the fiscal.

•    Zee News, our flagship channel, had second highest reach among the Hindi News channels in 8 Metros among premium audience. (Source: TAM, Q4, CS 25+ AB, 8 Metros).

Zee News, in its quest to initiate purposeful change in the country, reinvented its brand philosophy from Jazba Soch ka to Soch Badlo, Desh Badlo with an objective to engage viewers in the process of positive transformation. The channel bagged National Award from the Election Commission of India on January 25 this year for its campaign — Aapka Vote Aapki Taqat that called on young voters to participate in the electoral process. The channel also successfully executed its flagship awards – Ananya Samman and Swastha Bharat Samman – with wide acclaim from viewers.

•    Zee Business, India's first 24-hour Hindi business channel, was the leader in 6 weeks out of 13 weeks in the fourth quarter and reached to the highest number of viewers in business news genre. (Source: TAM, Q4, TG: CS 25+ M AB, HSM)

The channel rolled out Sensex ka Sultan, India's first derivatives reality show. It tests traders' awareness on derivatives and thus fosters investor knowledge. Zee Business also initiated the third season of Emerging Business Forum, India's largest SME discussion forum. The show got bigger this year with the channel covering 15 cities with a focus on Tier II towns.

•    24 Ghanta, our Bengali news offering, was a close no. 2 in reaching out to audiences in West Bengal among all the Bengali news channels and reaching out to over 4.6 mn audiences even as there was irregular implementation of DAS Phase I in Kolkata. (Source: TAM, Q4, TG: CS 15+, WB).

In line with its thought provoking activities for the intellectual Bengali, 24 Ghanta conducted Annual Debate on the theme of the Bengalis losing touch with their culture and ways to remedy the same. In addition, there was participation of various school children in the Annual Book Fair at Kolkata leading to the channel's signature property Sankalpa Awards. Sankalpa Awards are a social connect initiative by the channel for the citizens to acknowledge and pledge their efforts on relevant issues like environment, education, etc. The activity saw a rally with over 3000 students participating, workshops for the students and culminated in an awards event being attended by who's who of Kolkata.

•    Zee 24 Taas continues to be No. 2 in reach across Maharashtra with its incisive news coverage leading to a high reach of 9.9 million viewers. (Source: TAM, Q4, CS 15+, Mah). The channel felicitated unsung heroes through Zee 24 Taas Ananya Samman in this quarter in February. The channel rolled out a unique initiative – Gao Tithe 24 Taas – to connect with viewers in rural Maharashtra through on ground events and on air programmes. Zee 24 Taas took up rural issues in the mainstream media and connected villages to their local representatives through this initiative. The channel also joined hands with Maharashtra Pollution Board to promote eco-friendly Holi in a school for visually challenged and thereby gaining significant CSR mileage through the sponsored Holi programme.


•    Zeenews.com continued to be the fastest growing website in the Indian news web space. Micro-sites – India vs Australia and Union Budget – got 2.9 million page views and 1.3 million page views, respectively. Our regional websites performed well in the last quarter and achieved a substantial growth compared to the third quarter. Unique visitors for 24taas.com, 24 Ghanta and Zee News Hindi increased by 39.7%, 43.8% and 14.4% respectively (source – Google Analytics).

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