Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General News ABP News Network receives four TV channel licences from MIB
#1
Advertisement
MUMBAI: News broadcaster ABP News Network has got four new TV channel licences from the ministry of information and broadcasting (MIB) in February.

The company has received uplinking and downlinking licences under the names ABP Andhra, ABP Ganga, ABP Kannada, and ABP Tamil. One of the licences could be used to launch an Uttar Pradesh centric news channel that the company is planning to launch.

[Image: Master-List-of-Permitted-Private-statell...3.2019.jpg]

ABP News Network currently owns and operates four news channels ABP News (Hindi), ABP Majha (Marathi), ABP Ananda (Bengali), and ABP Asmita (Gujarati).

The company also operates a Punjabi digital news channel ABP Sanjha. Infact, the company’s original expansion plan included the Punjab market. After making a sizeable investment, the company shelved plans to launch ABP Sanjha and instead launched ABP Asmita in 2016.

Recently, the news broadcaster had converted its pay channels to free to air (FTA) under the Telecom Regulatory Authority of India’s (TRAI) new regulatory framework. ABP Ananda and ABP Majha went FTA from 8th February.

As reported earlier by TelevisionPost.com, news broadcaster ABP News Network’s net profit for the fiscal ended 31st March 2018 has gone up 61% due to a strong performance by Hindi and Bengali news channels ABP News and ABP Ananda.

The company’s net profit has jumped to Rs 48.99 crore in FY18 from Rs 30.36 crore in the year ago period. The profit before interest lease depreciation and tax (PBILDT) was up at Rs 95.56 crore from Rs 79.77 crore.

The PBILDT margin witnessed improvement in FY18 on account of increase in ad rates in ABP News and ABP Ananda on account of their established position in their respective genres supported by a marginal reduction in operating losses incurred in new ventures.

Higher PBILDT level primarily coupled with a decline in the capital charge led to an improvement in the PAT margin in FY18. The cash accruals of the company remained satisfactory at Rs 66 crore vis-à-vis term debt repayment obligation of Rs 11.25 crore in FY18.

With an improvement in the profitability level of the company, the net-worth position of the company recovered. Strong cash-flow from established channels (ABP News and ABP Ananda) supported the loss from newer ventures, repayment of term debt and other obligation in FY18 and Q1 FY19.

Meanwhile, the ministry has granted another new TV channel licence under the name Manoranjan Grand to Creative Channel Advertising and Marketing.

Recently, G-Next Media had obtained the ministry’s approval for three channels namely PTC Music, PTC Punjabi Gold and PTC Simran. Skystar Entertainment, which owns and operates Skystar Movies, has received two new licences Skystar Bangla and Skystar Telugu.

ZEE Entertainment Enterprises Limited (ZEEL) had received approval for licence under the name Zee Classic. Incidentally, ZEEL had shutdown Zee Classic last year and launched Zee Bollywood in its place.

Source:
___________________________________________
Airtel Digital HD Recorder / Kerala Vision Digital TV
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: TDSAT directs Star India to restore signal supply to Raj Cable Network on payment.. nairrk 0 6 57 minutes ago
Last Post: nairrk
  General News: Sanjeev Kapoor’s FoodFood channel to go FTA in order to increase reach nairrk 0 36 10 hours ago
Last Post: nairrk
  General News: MIB cancels four TV channel licences of STV Enterprises nairrk 0 58 Yesterday, 12:48 PM
Last Post: nairrk
  General News: Biswas Media launches Bengali kids channel with 10 original shows nairrk 0 150 06-13-2019, 10:55 AM
Last Post: nairrk
  General News: Star gets MIB approval to launch Malayalam sports channel nairrk 0 139 06-13-2019, 10:54 AM
Last Post: nairrk
  General News: Bengali kids channel Rongeen TV to launch on 12 June nairrk 0 170 06-10-2019, 10:02 AM
Last Post: nairrk
  General News: ABP News Network, Republic TV complain to TRAI about Aaj Tak’s dual LCN presence nairrk 0 253 05-24-2019, 10:07 AM
Last Post: nairrk
  General News: NGC Network India to shut down Nat Geo Music HD, Nat Geo People HD nairrk 0 250 05-22-2019, 10:09 AM
Last Post: nairrk
  Update: Epic Television Networks receives two TV channel licences from MIB nairrk 0 195 05-17-2019, 10:28 AM
Last Post: nairrk
  General News: B4U Network launches its first regional offering B4U Bhojpuri nairrk 0 186 05-15-2019, 06:59 PM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement