India Media Monitor

India Media Monitor

Monitoring industry and company developments in the Indian media and entertainment industries

th
| Fortnightly newsletter | Issue No. 7, Published 10 July 2009 | Published by Heernet Ventures Limited (heernet.com) | Subscribe at G2Mi.com |

News

HT Media launches Chennai edition of Mint newspaper

Dish TV launches Monster.com on its DTH offering

Colors back to No.1 with GEC market share of 23%

INM sells 7.3% stake in Jagran Prakashan

Adlabs announces financial results for 2008-2009

Television 18 announces financial results for 2008-2009

Ministry of Information and Broadcasting approves 22 new TV channels

Tata Docomo launches GSM services in Karnataka circle

IMImobile acquires Mobytec

Loop Telecom launches services in 4 circles

NTT Docomo to launch wireless information services

BSNL launches IPTV services

Reliance Mobile in agreement with BBC for VAS content

Data

Share price data

Deal Sheet

Advisory services
Heernet Ventures publishes this newsletter as part of its research coverage of the Indian media industry. You can access
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We can also assist with deep analysis of key industry segments and assist you in both identifying and negotiating with
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 India Media Monitor

News

HT Media launches Chennai edition of Mint Adlabs announces financial results for 2008-2009
newspaper
30th June, 2009
th
10 July, 2009
Adlabs, an Indian movie production, distribution and
Indian newspaper publisher HT Media has announced the exhibition company, has declared its annual results for the
launch of a Chennai edition of its business daily Mint. The year ended March 2009.
title will have an initial print run of 10,000 copies. The
Y/E March (INR
company launched a Kolkata edition in May. With this billion) 2008 2009
launch Mint will be published in 7 major cities in India. HT
Media publishes Hindi and English newspapers and Revenue 3.64 6.62
magazines and operates radio stations and online portals. Net Profit 0.48 -0.54

Source: Company website, 2008 results are for 9 months (Jul 2008-Mar-09)

Dish TV teams up with Monster.com for job search

10th July, 2009
DTH operator Dish TV has entered into an agreement with
job search portal Moster.com that will enable Dish TV
subscribers to search for job opportunities using Monster
Job Active. To apply for a job the user has to send an SMS
with a job code to Monster or log onto Monster.com.
Television Eighteen announces financial results
for 2008-2009
30th June, 2009
Indian television channel broadcaster Television 18 has
announced its annual results for the year ended March 2009.
The company generated INR4.9 billion in revenue with
annual growth of 11.4%.

Colors back to No.1 with GEC market share of 23% Y/E March (INR billion) 2008 2009

9th July, 2009

Revenue 4.4 4.9
According to TAM, GEC Colors is once again the most Net Profit 0.06 -1.8
watched channel with 300 gross rating points and a 23%
Source: Company data
share. Zee TV and Star Plus were in second and third with
253 and 239 GRP, respectively.
Ministry of Information and Broadcasting approves
Channel GRPs % Share
22 new TV channels
Colors 300 23% 27th June, 2009
Zee TV 253 20% The Ministry of Information and Broadcasting has cleared
Star Plus 239 19%
proposals for 22 new TV channels including channels from
NDTV Imagine 126 10%
Sony 108 8% TV18 Group, National Geographic Channel, Kalaignar TV,
Raj TV Networks, Pride East Entertainment, Pavitar
Entertainment, Amoda Broadcasting, Priyamda Media,
Vedia Broadcasting and Rama Associates. This will bring
INM sells 7.3% stake in Jagran Prakashan
the total number of licenced channels in the Indian television
03rd July, 2009 market to 459.
Ireland-based newspaper group Independent News & Media
has sold a 7.3% stake in Jagran Prakshan. The company
sold the stake through a block deal on the BSE and NSE for
INR1.51 billion. INM publishes more than 200 newspaper
and magazine titles globally. The company now holds a
13.5% stake in Jagran Prakashan.

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Tata Docomo launches GSM services in Karnataka
10th July, 2009
Tata Docomo, a joint venture between Indian telecom
operator Tata Teleservices and Japanese telecom operator
Docomo, has announced the launch of GSM services in
Karnataka. Karnataka will be company’s fourth consecutive
launch in Southern India. The company plans to launch its
GSM services across the whole of Southern India in the next
2 weeks and across all of India by October 2009. Tata
Teleservices currently offers CDMA mobile services under
its Tata Indicom brand and has approximately 36.4 million
subscribers (May 09).
IMImobile acquires Mobytec
Date 09th July, 2009
IMImobile, a mobile value-added services and online
technologies platform provider in India, has announced the
acquisition of UK-based mobile data backup and sharing
services provider Mobytec from Mobyko.
Loop Telecom launches services in 4 circles
Date 08th July, 2009
GSM services provider Loop Telecom (formerly BPL
Mobile) has announced the launch of services in 4 Southern
Indian states: Tamil Nadu, Karnataka, Kerala and Eastern
State of Orrisa. Prior to this the company only had
operations in the Mumbai circle. In 2008 Loop Telecom
won 21 telecom licences and has received spectrum for 20
circles.
© Heernet Ventures Limited. All Rights Reserved
India Media Monitor
NTT Docomo to launch wireless information
services
08th July, 2009
Japanese telecom services provider NTT Docomo has
announced plans to launch wireless information services in
India. The company will introduce i-channel services to
deliver news and other information to cell phone users. It
will launch its services through Tata Teleservices, in which
NTT has a 26% equity stake.
BSNL launches IPTV services
2nd July, 2009
BSNL, an Indian public sector telecom operator, has
launched IPTV services in Ahmedabad under the MyWay
brand in partnership with Smart Digivision. The services
can be accessed via broadband, fixed line or set-top box and
offer videos, games, music, chat and travel.
Reliance Mobile in agreement with BBC for VAS
content
26th June, 2009
Indian telecom player Reliance Mobile has announced a tie-
up with BBC World Services for live audio services. The
partnership will offer Reliance mobile users access to BBC
World Service Radio on handsets using Rworld.
 India Media Monitor

Information and analysis on the

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 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 269.35 -37.02% 53.04% -38.78%
UTV Software Communications UTVS.BO UTV:IN INR 327.75 -22.70% 29.16% -57.44%

Broadcasting
Balaji Telefilms BLTE.BO BLJT:IN INR 43.95 -32.28% -33.61% -75.77%
Entertainment Network India ENIL.BO ENIL:IN INR 162.45 -30.28% -4.27% -52.08%
ETC Network ETNT.NS ETCN:IN INR 95.50 -18.69% 25.58% -40.31%
IBN Broadcast IBN.NS IBN18:IN INR 89.60 -31.13% 0.79% -13.47%
NDTV NDTV.BO NDTV:IN INR 110.95 -32.35% 3.21% -70.80%
Sun TV SUTV.BO SUNTV:IN INR 225.30 -16.57% 37.38% -23.89%
TV Today Network TVTO.NS TVTN:IN INR 81.90 -20.87% 11.96% -8.49%
Zee Entertainment ZEE.NS Z:IN INR 167.95 -11.55% 14.90% -11.94%
Zee News ZEEN.NS ZEE:IN INR 36.30 -21.26% 5.68% -27.69%

Publishing
Deccan Chronicle DCHL.BO DECH:IN INR 60.90 -28.35% 46.22% -44.23%
Mid Day Multimedia MIDD.BO MIDM:IN INR 16.10 -24.41% 25.78% -36.24%
Navneet Publication NAVN.BO NPI:IN INR 73.75 -1.86% 77.07% 7.59%
HT Media HTML.BO HTML:IN INR 88.80 -18.61% 34.75% -17.97%
Jagran Prakashan JAGP.BO JAGP:IN INR 78.05 -3.64% 53.04% 21.95%

Entertainment
K Sera Sera Productions KSER.BO GPM:IN INR 14.70 -9.54% -24.62% -26.50%
Mukta Arts MUKR.BO MUKR:IN INR 62.65 -6.07% 35.90% 13.82%
Prime Focus PRFO.BO PRIF:IN INR 138.25 -43.05% 3.95% -70.59%
Pritish Nandy Communications PNCL.BO PRTN:IN INR 19.00 -33.33% 11.76% -58.70%
Pyramid Saimira Theatre Limited PYSA.BO PSTL.IN INR 28.55 -9.65% -27.26% -81.53%
Crest Animation CRCO.BO CRSA:IN INR 21.65 -29.48% 0.46% -54.18%
PVR Limited PVRL.BO PVRL:IN INR 94.30 -23.46 -9.76% -47.20%

Internet
Info Edge INED.BO INED:IN INR 608.10 -11.23% 48.32% -32.06%
Northgate Technologies NOTC.BO NORT:IN INR 46.55 -9.70% -24.55% -85.18%

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 India Media Monitor

Deal Sheet

A summary of key deals and joint ventures.

Date Sub Sector Investor Investee Terms Details

July-09 Newspaper Independent News & Jagran 7.30% stake Independent News & Media is a newspaper publisher based
Media Prakashan for INR1.51 in Ireland. The company publishes more than 200
billion newspaper and magazine titles worldwide.
Jagran Prakashan is a newspaper publisher in India.

July-09 Value-added IMImobile Mobytec 100% stake IMImobile is an Indian value-added services provider.
services Mobytec is a mobile data backup and sharing services
provider.

Jun-09 Education Pearson PLC Educomp 50% stake in Pearson PLC is a UK-based publisher of text books.
Solutions Ltd Educomp and Educomp is an Indian vocational training centres operator
and Tutorvista 17.5% stake in and Tutovista is a Bangalore-based online tutoring
Tutorvista for company.
US$30 million

Jun-09 Telecommuni C Sivasankaran S Tel 51% stake for S Tel is an Indian telecommunications company that
cations INR11.5 billion provides 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. Interactive Networks Inc is a value-
added services 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
cations is an entertainment conglomerate.

Apr-09 Advertising Future Group Dhar & Hoon 60% stake Future Group is a major retailer in India. Dhar & Hoon is a
mid-sized advertising company.

Apr-09 Television Oman Investment Fund Neo Sports INR2.58 billion 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, a 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.

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 India Media Monitor

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