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Jagran
Prakashan Q3 net profit increase by 143.80% at 4,019,986.36 USD
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| Jagran
Prakashan Ltd has reported an increase in the company's profits
by 143.80% to reach revenue of 4,019,949.85 USD in the quarter ended
31 December, 2006. The net revenues of the publishers of 'Dainik
Jagran' had increased by 29.79 per cent at 37,122,403.04 USD in
Q3 FY07 over the corresponding quarter of the last fiscal.
More... |
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US-based
Balfour to invest in Kumudham Publications' FM
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| US-based
Balfour Capital LLC, got the approval of Foreign Investment Promotion
Board (FIPB), to invest 386,100.39 USD in the Chennai-based Kumudham
Publications' FM radio-arm, Noble Broadcasting Corporation. More... |
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New
Launches : |
| "
Reader's Digest floats its new division, Book and Home Entertainment " Business Standard launches its Bhubaneshwar edition " Times launches its Kannada daily, The Times of India " Nai Dunia, the Hindi daily plans to launch its Bilaspur " Hindustan Times to launch its business daily Mint " HT and TOI JV to launch Metro Now in Delhi More... |
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|
Independent News & Media Plc, an Irish media
group, had approached the Securities and Exchange Board of India
to raise its stake in Indian publisher Jagran Prakashan Ltd; which
was rejected on the ground that the committee felt it would not
benefit the general public and nor was it in the interest of the
shareholders in general.
Independent presently holds 20.8 per cent in Jagran and had approached the SEBI last August to raise its holding by between 1 and 3 per cent. |
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CyberMedia Q3 net increases by 44.55% YoY
CyberMedia India Ltd, one of the largest specialty media houses in South Asia, has reported an increase of 44.5% to 578,100 USD in its net profits for the third quarter ended 31 December, 2006, from 401,269.55 USD recorded last year during the same period. The company posted a total of 6,512,366.67 USD, for the third quarter 2006- '07, an increase of 30.8% from 4,980,712.50 USD reported during the same period a year ago. The
company has recorded 26.5 percent year-on-year increase in total
income to16,825,375.23 USD, for the nine-month period ended 31 December,
2006; from The revenues from the publishing business has increased by 27.1% to 11,664,966.57 USD. The Internet business revenues had increased by 36.5% to 1,181,004.19 USD. There was a 44.4% increase in revenues from community events to 206,630.34 USD from 143,051.77 USD and there was increase of 22.3% in the business from events business to 613,079.02 USD. During
the nine-month period, the company recorded a 21.8% increase in
EBITDA to 2,690,735.69 USD from 2,207,084.47 USD due to increased
revenues and economies of scale. The company's net profit recorded
an increase of 21.5% to 1,321,525.89 USD from 1,087,647.59 USD. |
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Jagran
Prakashan Ltd has reported an increase in the company's profits
by 143.80% to reach revenue of 4,019,949.85 USD in the quarter ended
31 December, 2006. The net revenues of the publishers of 'Dainik
Jagran' had increased by 29.79 per cent at 37,122,403.04 USD in
Q3 FY07 over the corresponding quarter of the last fiscal. The increase in the revenues has been mainly due to better advertising, increase in the circulation revenues from publishing business and the also due event management, and other promotional activities of the company. |
|
|
||||
US-based
Balfour Capital LLC, got the approval of Foreign Investment Promotion
Board (FIPB), to invest 386,100.39 USD in the Chennai-based Kumudham
Publications' FM radio-arm, Noble Broadcasting Corporation.
Noble Broadcasting Corporation had launched its FM Channel Aahaa FM 91.9 on January 18, 2007. The FIPB released a notification, which allowed foreign equity up to 20 per cent in the company engaged in FM broadcasting. |
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*
Reader's Digest floats its new division, Book and Home Entertainment
The India Today Group, publishers of 'Reader's Digest', launched Reader's Digest Books and Home Entertainment (RDBHE) in India, a division that was earlier based in Singapore. The company's BHE division publishes reference books, special interest magazines, home video products etc. Manas Mohan, the Vice-president and branch head, Wunderman, Mumbai will also be the marketing head and will be reporting to Ashutosh Bishnoi, Managing director RDBHE * Business Standard launches its Bhubaneshwar edition Business Standard launched its Bhubaneshwar edition on 22 Jan, making it the first business daily to be printed from there and Business Standard's 12th edition. The daily would be available from Monday to Friday for Rs 2 and on Saturdays for Rs 4. There would be no Sunday edition. According to Arun Natesh, marketing head, Business Standard, the daily is the only one that covers global stock markets. On weekdays the daily would focus on infrastructure, commodities, taxation, business law, real estate, business life, business education etc. Besides, they would have reports and articles provided by Bloomberg as well as Financial Times, London. *
Times launches its Kannada daily, The Times of India The group, in the year 2006, as a part of its expansion plan, had acquired the Bangalore publishing house, Vijayanand Printers. Priced at Rs 1.50, this launch makes it the group's second paper in Kannada. The daily is aimed at the SEC B and C and though would emphasize on local news, yet would have a Global perspective. *
Nai Dunia, the Hindi daily plans to launch its Bilaspur Priced at Rs 2, the paper would be available six days for the time being, though the company hasn't ruled out the possibility of a Sunday edition. Twenty per cent of HT Media's content would be sourced from WSJ, the company with which they have signed a content sharing agreement. Former Editor of The Wall Street Journal Europe and Deputy Managing Editor of The Wall Street Journal, Raju Narisetti would be the Chief Managing Editor of Mint. After
Delhi and Mumbai, HT Media plans to launch Mint in Kolkata and Chandigarh
within this year. |
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