Yogesh Supekar & Lohit Bharambe tunes into the FM station run by Music Broadcast Limited and then goes through its numbers, from its earnings to profitability and then he files this report for the reader-investors of DSIJ.
Music Broadcast Ltd (MBL), subsidiary of Jagran Prakashan Ltd (JPL), is the first and the oldest private FM broadcaster in India with over 15 years of expertise in the radio industry. MBL operates its radio stations under the brand “Radio City”. The company has presence in 37 cities and operates 29 radio stations through the 'Radio City' brand. Almost eight radio stations are operated through 'Radio Mantra' .
MBL is present in 12 out of the top 15 cities by population, in India. The company also operates online web radio “Planet Radio City”. MBL has 40 web radio stations and to allow access to content on the go the company has a ‘Planet Radio City’ mobile app.
In Dec 2014, Jagran Prakashan entered the radio segment by acquiring Music Broadcast Pvt Ltd. Jagran Prakashan acquired Music Broadcast Pvt Ltd from private equity firm, India Value Fund Advisors and Star Group. Star Group is a part of the Rupert Murdoch controlled 21st Century Fox.
As on Feb 2017 MBL has grown its presence from 4 cities in 2001 to 37 cities. The company networks its radio stations located at different cities and operate it from a single hub. MBL derives its revenue purely from radio air time sales which are categorised into fixed commercial time (“FCT”) and non-fixed commercial time (“Non- FCT”).
In FY16, national clients contributed around 55% to the revenue & local clients contributed 45% to the total.
The key sectors which advertise on the company’s radio stations are Government/PSU, media, consumer products, e-commerce, real estate and finance.
Radio industry
The media and entertainment industry in India consists of television, print media, films, radio, music, OOH, animation and VFX, gaming and digital advertising.
Esta historia es de la edición June 25 2017 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 25 2017 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
