wordpress blog stats
Connect with us

Hi, what are you looking for?

Zee Media’s profit falls by 76.2% YoY in Q4FY18; Ashok Venkatramani named new MD

Zee Media Corporation Limited (ZMCL) has reported consolidated revenues of Rs 1,797.5 million for the fourth quarter of the fiscal year 2018 (Q4FY18), recording a growth of 33.2% YoY. In the quarter, the network’s expenditure was of Rs 1,595.3 million, an increase of 59% from the same quarter last year (YoY).

EBITDA or operating profit, which is a key performance indicator, for Q4FY18 was Rs 202.2 million, falling by 41.8% YoY. For the quarter, profit after tax (PAT) stood at Rs 44.8 million, falling by a massive Rs 76.2% as compared to Q4FY17.

Revenue from advertising, which is the biggest contributor to the company, grew by 22.9% YoY, to Rs 1536.8 million for the quarter. Subscription revenue was Rs 130.3 million and grew by 43.1%.

Viewership metric

  • Zee Media comprises of 14 TV channels, of which one is global, three national and 10 regional channels.
  • Zee News, the network’s flagship news channel, reached 198.1 million viewers in the quarter. The company says that Zee News achieved a 29% growth during the financial year.
  • Zee Business, our Business News offering, reached 17.5 million viewers.
  • WION, a newly launched channel by the company, which is pitched as India’s first global news channel, reached over 5.9 million viewers.
  • Bengali regional channel Zee 24 Ghanta had over 30 million viewers, Marathi channel Zee 24 Taas had more than 40 million viewers.
  • Zee Punjab Haryana Himachal reached 8.3 million viewers.
  • Gujarati channel Zee 24 Kalak reached more than 10 million viewers, while Odiya news channel Zee Kalinga New touched 10.8 million viewers according to Zee Media.

Leadership change

Zee Media appointed Ashok Venkatramani as the new managing director for the company. Venkatramani will begin his stint starting July 1 and will hold the position for at least three years, the company said in a statement.

Most recently, he had joined Chrome Data Analytics & Media as consulting director in July 2017. Venkatramani has worked as the CEO of ABP News until 2016, where he managed the transition of the channel from Star to ABP. His stint with ABP was 8-year-long.

Ashok started his career with Unilever, having been with them for 19 years, working on the foods and personal care side of the business in various sales, marketing and general management roles. He was the Vice President and Business Head – Skincare for Unilever in India till 2008.

Advertisement. Scroll to continue reading.

Venkatramani was also formerly the President and Director on the Board of the News Broadcasters Association of India and chaired their HR and Sales sub-committees. He is currently a part of the Man Com of the International Association of Advertisers (IAA-India Chapter). Ashok had also served as a member of the Digitization Task Force appointed by Government of India.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.


The accession to the Convention brings many advantages, but it could complicate the Brazilian stance at the BRICS and UN levels.


In light of the state's emerging digital healthcare apparatus, how does Clause 12 alter the consent and purpose limitation model?


The collective implication of leaving out ‘proportionality’ from Clause 12 is to provide very wide discretionary powers to the state.


The latest draft is also problematic for companies or service providers that have nothing to with children's data.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ