ZEEMEDIA
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India's Zee Media Corp slides on wider Q4 loss
** Shares of Zee Media Corp ZEEN.NS down 4.2% to 13.7 rupees
** News channels operator says its Q4 consol loss after tax widens to 367.6 mln rupees ($4.4 mln) from loss of 65.1 mln rupees a year ago
** Rev from ops fell 13%, while expenses rose 6.4%
** Stock set for sharpest intraday fall in nearly a month
** ZEEN extends YTD losses to 24.1%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Zee Media Corp ZEEN.NS down 4.2% to 13.7 rupees
** News channels operator says its Q4 consol loss after tax widens to 367.6 mln rupees ($4.4 mln) from loss of 65.1 mln rupees a year ago
** Rev from ops fell 13%, while expenses rose 6.4%
** Stock set for sharpest intraday fall in nearly a month
** ZEEN extends YTD losses to 24.1%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
Zee Media Corporation March-Quarter Consol Net Loss 367.6 Million Rupees
May 5 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION - MARCH-QUARTER CONSOL NET LOSS 367.6 MILLION RUPEES
ZEE MEDIA CORPORATION - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.56 BILLION RUPEES
Source text: [ID:]
Further company coverage: ZEEN.NS
(([email protected];))
May 5 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION - MARCH-QUARTER CONSOL NET LOSS 367.6 MILLION RUPEES
ZEE MEDIA CORPORATION - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.56 BILLION RUPEES
Source text: [ID:]
Further company coverage: ZEEN.NS
(([email protected];))
OpenAI to face Indian news firms of Ambani, Adani in copyright battle, documents show
Indian digital news outlets accuse OpenAI of scraping content, court papers show
Billionaires Ambani, Adani's media outlets among those challenging OpenAI
New filing escalates ongoing lawsuit against OpenAI
ChatGPT creator has said Indian courts have no jurisdiction
Adds context on importance of India market for OpenAI in paragraph 3, Open AI comment in paragraph 10, global AI market estimates in paragraph 12
By Aditya Kalra and Arpan Chaturvedi
NEW DELHI, Jan 27 (Reuters) - Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show.
Courts globally are hearing claims by authors, news organisations and musicians who accuse technology firms of using their copyrighted work to train AI services without permission or payment.
India has more than 690 million smartphone users thanks to cheap mobile data plans and OpenAI has said the country is a critical market.
The Indian media outlets, including Adani's NDTV NDTV.NS and Ambani's Network18 NEFI.NS, have told a New Delhi court they want to join an ongoing lawsuit against the ChatGPT creator as they are worried their news websites are being scraped to store and reproduce their work for users of the powerful AI tool.
Reuters was first to report the case filing by the news publishers, which escalates an ongoing legal battle against ChatGPT in India. In the most high-profile battle, local news agency ANI was first to file a lawsuit against OpenAI last year. Global and Indian book publishers have also joined the lawsuit.
The 135-page case filing, which is not public but was reviewed by Reuters, argues OpenAI's conduct constitutes "a clear and present danger to the valuable copyrights" of Digital News Publishers Association (DNPA) members and other outlets.
It refers to OpenAI's "wilful scraping ... and adaptation of content", adding that "the disproportionate power of tech companies in prioritising content and extracting advertising revenue has raised concerns among publishers."
The filing was made by the Indian Express, Hindustan Times, Adani's NDTV and the DNPA, which represents roughly 20 companies including Mukesh Ambani Network18 and players like Hindi daily Dainik Bhaskar, Zee News, India Today Group and the Hindu. Many of these outlets have a flourishing newspaper and television news business too.
The Times of India is not part of the legal challenge despite being member of the DNPA, the filing said, without elaborating on the reasons.
Asked for comment, OpenAI reiterated an earlier statement that it was engaged in constructive partnerships with many news organisations, including in India, and was using publicly available data in a manner protected by fair use principles to builds its AI models.
None of the Indian media companies involved immediately responded to Reuters request for comment.
The global AI market is expected to grow to $320 billion to $380 billion by 2027, expanding 25% to 35% each year, with the India market likely to follow that trend, according to Boston Consulting Group and India's tech lobby group NASSCOM.
LANDMARK INDIA CASE
In the United States, the New York Times sued OpenAI and its largest financial backer Microsoft MSFT.O in December 2023, accusing them of using millions of its articles without permission to train chatbots to provide information to users.
The new Indian intervention will add firepower to ANI's lawsuit against OpenAI in India's most high-profile legal proceedings on the issue.
A hearing in ANI's lawsuit against OpenAI is scheduled for Tuesday.
Responding to the ANI case, OpenAI said in a court filing reported by Reuters last week that any order to delete training data would result in a violation of its U.S. legal obligations, and Indian judges have no jurisdiction to hear a copyright case against the company as its servers are located abroad.
Reuters, which holds a 26% interest in ANI, has said in a statement it is not involved in ANI's business practices or operations.
In recent months, OpenAI has signed deals with Time magazine, the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media to display content.
The Indian publishers in their new filing argue OpenAI has entered into partnership agreements with media outlets abroad, but has not entered into similar deals in India, hurting the media companies.
Such conduct by OpenAI "in India betrays an inexplicable defiance of the law," the Indian media outlets' filing said.
The publishers also said OpenAI was set to become a profit-driven business benefiting from the creative works of the media industry. This would result in a "weakened press" and would not be in the best interests of a vibrant democracy, their filing said.
OpenAI made its first India hire last year when it tapped a former WhatsApp executive, Pragya Misra, to handle public policy and partnerships in the country of 1.4 billion people.
"India is really important because it's the youngest demographic in the world ... we've seen massive uptake of ChatGPT, it's almost our second largest country in terms of users outside of the US," Misra said in a recent interview with AIM TV.
OpenAI kicked off an investment, consumer and corporate frenzy in generative AI after the Nov. 2022 launch of ChatGPT. It wants to be ahead in the AI race after raising $6.6 billion last year.
(Reporting by Aditya Kalra and Arpan Chaturvedi; Additional reporting by Praveen Paramasivam; Editing by Sonali Paul and Kate Mayberry)
((Email: [email protected]; X: @adityakalra;))
Indian digital news outlets accuse OpenAI of scraping content, court papers show
Billionaires Ambani, Adani's media outlets among those challenging OpenAI
New filing escalates ongoing lawsuit against OpenAI
ChatGPT creator has said Indian courts have no jurisdiction
Adds context on importance of India market for OpenAI in paragraph 3, Open AI comment in paragraph 10, global AI market estimates in paragraph 12
By Aditya Kalra and Arpan Chaturvedi
NEW DELHI, Jan 27 (Reuters) - Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show.
Courts globally are hearing claims by authors, news organisations and musicians who accuse technology firms of using their copyrighted work to train AI services without permission or payment.
India has more than 690 million smartphone users thanks to cheap mobile data plans and OpenAI has said the country is a critical market.
The Indian media outlets, including Adani's NDTV NDTV.NS and Ambani's Network18 NEFI.NS, have told a New Delhi court they want to join an ongoing lawsuit against the ChatGPT creator as they are worried their news websites are being scraped to store and reproduce their work for users of the powerful AI tool.
Reuters was first to report the case filing by the news publishers, which escalates an ongoing legal battle against ChatGPT in India. In the most high-profile battle, local news agency ANI was first to file a lawsuit against OpenAI last year. Global and Indian book publishers have also joined the lawsuit.
The 135-page case filing, which is not public but was reviewed by Reuters, argues OpenAI's conduct constitutes "a clear and present danger to the valuable copyrights" of Digital News Publishers Association (DNPA) members and other outlets.
It refers to OpenAI's "wilful scraping ... and adaptation of content", adding that "the disproportionate power of tech companies in prioritising content and extracting advertising revenue has raised concerns among publishers."
The filing was made by the Indian Express, Hindustan Times, Adani's NDTV and the DNPA, which represents roughly 20 companies including Mukesh Ambani Network18 and players like Hindi daily Dainik Bhaskar, Zee News, India Today Group and the Hindu. Many of these outlets have a flourishing newspaper and television news business too.
The Times of India is not part of the legal challenge despite being member of the DNPA, the filing said, without elaborating on the reasons.
Asked for comment, OpenAI reiterated an earlier statement that it was engaged in constructive partnerships with many news organisations, including in India, and was using publicly available data in a manner protected by fair use principles to builds its AI models.
None of the Indian media companies involved immediately responded to Reuters request for comment.
The global AI market is expected to grow to $320 billion to $380 billion by 2027, expanding 25% to 35% each year, with the India market likely to follow that trend, according to Boston Consulting Group and India's tech lobby group NASSCOM.
LANDMARK INDIA CASE
In the United States, the New York Times sued OpenAI and its largest financial backer Microsoft MSFT.O in December 2023, accusing them of using millions of its articles without permission to train chatbots to provide information to users.
The new Indian intervention will add firepower to ANI's lawsuit against OpenAI in India's most high-profile legal proceedings on the issue.
A hearing in ANI's lawsuit against OpenAI is scheduled for Tuesday.
Responding to the ANI case, OpenAI said in a court filing reported by Reuters last week that any order to delete training data would result in a violation of its U.S. legal obligations, and Indian judges have no jurisdiction to hear a copyright case against the company as its servers are located abroad.
Reuters, which holds a 26% interest in ANI, has said in a statement it is not involved in ANI's business practices or operations.
In recent months, OpenAI has signed deals with Time magazine, the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media to display content.
The Indian publishers in their new filing argue OpenAI has entered into partnership agreements with media outlets abroad, but has not entered into similar deals in India, hurting the media companies.
Such conduct by OpenAI "in India betrays an inexplicable defiance of the law," the Indian media outlets' filing said.
The publishers also said OpenAI was set to become a profit-driven business benefiting from the creative works of the media industry. This would result in a "weakened press" and would not be in the best interests of a vibrant democracy, their filing said.
OpenAI made its first India hire last year when it tapped a former WhatsApp executive, Pragya Misra, to handle public policy and partnerships in the country of 1.4 billion people.
"India is really important because it's the youngest demographic in the world ... we've seen massive uptake of ChatGPT, it's almost our second largest country in terms of users outside of the US," Misra said in a recent interview with AIM TV.
OpenAI kicked off an investment, consumer and corporate frenzy in generative AI after the Nov. 2022 launch of ChatGPT. It wants to be ahead in the AI race after raising $6.6 billion last year.
(Reporting by Aditya Kalra and Arpan Chaturvedi; Additional reporting by Praveen Paramasivam; Editing by Sonali Paul and Kate Mayberry)
((Email: [email protected]; X: @adityakalra;))
Zee Media Corp To Raise Funds Worth Upto 4 Bln Rupees
Jan 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
TO RAISE FUNDS WORTH UPTO 4 BILLION RUPEES
Source text: ID:nBSE4X1bVx
Further company coverage: ZEEN.NS
(([email protected];;))
Jan 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
TO RAISE FUNDS WORTH UPTO 4 BILLION RUPEES
Source text: ID:nBSE4X1bVx
Further company coverage: ZEEN.NS
(([email protected];;))
Zee Media Corporation To Consider Fundraising Through Equity Or Convertible Securities
Jan 8 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - TO CONSIDER FUNDRAISING THROUGH EQUITY OR CONVERTIBLE SECURITIES
Source text: ID:nBSE29D9HJ
Further company coverage: ZEEN.NS
(([email protected];))
Jan 8 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - TO CONSIDER FUNDRAISING THROUGH EQUITY OR CONVERTIBLE SECURITIES
Source text: ID:nBSE29D9HJ
Further company coverage: ZEEN.NS
(([email protected];))
Zee Media Corporation Sept-Quarter Consol Net Loss 498.6 Mln Rupees
Oct 25 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
SEPT-QUARTER CONSOL NET LOSS 498.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.31 BILLION RUPEES
Source text for Eikon: ID:nBSE4TtKhS
Further company coverage: ZEEN.NS
(([email protected];;))
Oct 25 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
SEPT-QUARTER CONSOL NET LOSS 498.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.31 BILLION RUPEES
Source text for Eikon: ID:nBSE4TtKhS
Further company coverage: ZEEN.NS
(([email protected];;))
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Oct 23 (Reuters) - India's New Delhi Television (NDTV) NDTV.NS posted its fourth-straight quarterly loss on Wednesday, as the news broadcaster's expenses surged.
The company, 64.7% of which is owned by ports-to-energy conglomerate Adani Group, reported a loss of 527.7 million rupees ($6.28 million) for the July-September quarter, compared to a profit of 59.1 million rupees in the year-ago period.
NDTV's total expenses surged 76% on the back of a jump in operating as well as production and marketing costs, as it continued to invest in newly launched TV channels and infrastructure.
The company, which runs news channels, said its revenue from operations rose 16.5% to 1.11 billion rupees in the latest quarter, attributing it to enhanced content strategy, an expanding portfolio of intellectual properties, and strategic digital initiatives.
Indian consumer good makers, who typically spend the most on advertising on television, have reined in their expenses as they grapple with muted demand for their products amid rising living costs.
That has weighed on advertising-dependent media companies.
In the past couple of weeks, Zee Enterprises ZEE.NS, which runs its eponymous TV serial and entertainment channels, posted a decline in ad revenue. Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, said its TV news ad revenue was soft during the quarter.
NDTV did not disclose its ad revenue for the quarter.
The company's shares dropped after the results, closing 0.8% lower.
Other rivals TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS are expected to post results later this month.
($1 = 84.0650 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)
Oct 23 (Reuters) - India's New Delhi Television (NDTV) NDTV.NS posted its fourth-straight quarterly loss on Wednesday, as the news broadcaster's expenses surged.
The company, 64.7% of which is owned by ports-to-energy conglomerate Adani Group, reported a loss of 527.7 million rupees ($6.28 million) for the July-September quarter, compared to a profit of 59.1 million rupees in the year-ago period.
NDTV's total expenses surged 76% on the back of a jump in operating as well as production and marketing costs, as it continued to invest in newly launched TV channels and infrastructure.
The company, which runs news channels, said its revenue from operations rose 16.5% to 1.11 billion rupees in the latest quarter, attributing it to enhanced content strategy, an expanding portfolio of intellectual properties, and strategic digital initiatives.
Indian consumer good makers, who typically spend the most on advertising on television, have reined in their expenses as they grapple with muted demand for their products amid rising living costs.
That has weighed on advertising-dependent media companies.
In the past couple of weeks, Zee Enterprises ZEE.NS, which runs its eponymous TV serial and entertainment channels, posted a decline in ad revenue. Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, said its TV news ad revenue was soft during the quarter.
NDTV did not disclose its ad revenue for the quarter.
The company's shares dropped after the results, closing 0.8% lower.
Other rivals TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS are expected to post results later this month.
($1 = 84.0650 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)
Zee Media Corporation Says Unit Enters Into Agreement For Making Investment In Flutrr Digimate
Oct 10 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
UNIT ENTERED INTO AGREEMENT FOR MAKING INVESTMENT IN FLUTRR DIGIMATE
UNIT TO INVEST 37.5 MILLION RUPEES IN FLUTRR
Source text for Eikon: ID:nBSE2WKQqR
Further company coverage: ZEEN.NS
(([email protected];;))
Oct 10 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
UNIT ENTERED INTO AGREEMENT FOR MAKING INVESTMENT IN FLUTRR DIGIMATE
UNIT TO INVEST 37.5 MILLION RUPEES IN FLUTRR
Source text for Eikon: ID:nBSE2WKQqR
Further company coverage: ZEEN.NS
(([email protected];;))
Zee Media Corporation Approves Fund Raise Of 2 Billion Rupees
Sept 27 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
APPROVES FUND RAISE OF 2 BILLION RUPEES
FUND RAISE VIA ISSUE OF WARRANTS
Source text for Eikon: ID:nBSE3McN2L
Further company coverage: ZEEN.NS
(([email protected];))
Sept 27 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
APPROVES FUND RAISE OF 2 BILLION RUPEES
FUND RAISE VIA ISSUE OF WARRANTS
Source text for Eikon: ID:nBSE3McN2L
Further company coverage: ZEEN.NS
(([email protected];))
India's Zee Media jumps most in more than a year after fundraise proposal
** Shares of Zee Media Corp Ltd ZEEN.NS up 15.2% at 16.1 rupees, their biggest jump since August 2023
** Stock at its highest since Feb. 20, 2024
** News channel operator ZEEN to consider fundraise on Sept. 27, including via qualified institutional placement of shares
** Over 14 mln shares traded, 3.1x 30-day avg volume
** Stock turns YTD positive, now up 5.8% this year vs media stocks' .NIFTYMED 12.7% fall
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Zee Media Corp Ltd ZEEN.NS up 15.2% at 16.1 rupees, their biggest jump since August 2023
** Stock at its highest since Feb. 20, 2024
** News channel operator ZEEN to consider fundraise on Sept. 27, including via qualified institutional placement of shares
** Over 14 mln shares traded, 3.1x 30-day avg volume
** Stock turns YTD positive, now up 5.8% this year vs media stocks' .NIFTYMED 12.7% fall
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Zee Media Corporation To Consider Raising Of Funds
Sept 24 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - TO CONSIDER RAISING OF FUNDS
ZEE MEDIA CORPORATION - TO CONSIDER FUNDS RAISE VIA QUALIFIED INSTITUTIONS PLACEMENT, OTHER MODES
Source text for Eikon: ID:nBSE8KxQKR
Further company coverage: ZEEN.NS
(([email protected];))
Sept 24 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - TO CONSIDER RAISING OF FUNDS
ZEE MEDIA CORPORATION - TO CONSIDER FUNDS RAISE VIA QUALIFIED INSTITUTIONS PLACEMENT, OTHER MODES
Source text for Eikon: ID:nBSE8KxQKR
Further company coverage: ZEEN.NS
(([email protected];))
Zee Media Corporation June-Quarter Consol Net Loss 103.8 Mln Rupees
Aug 7 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
JUNE-QUARTER CONSOL NET LOSS 103.8 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.76 BILLION RUPEES
Source text for Eikon: ID:nNSE8BdmqJ
Further company coverage: ZEEN.NS
(([email protected];))
Aug 7 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
JUNE-QUARTER CONSOL NET LOSS 103.8 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.76 BILLION RUPEES
Source text for Eikon: ID:nNSE8BdmqJ
Further company coverage: ZEEN.NS
(([email protected];))
Zee Media Corporation Syas Ministry Of Corporate Affairs Approved Incorporation Of Unit Pinews Digital
July 3 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
MINISTRY OF CORPORATE AFFAIRS APPROVED INCORPORATION OF UNIT PINEWS DIGITAL
Source text for Eikon: ID:nBSE24SBbn
Further company coverage: ZEEN.NS
(([email protected];;))
July 3 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
MINISTRY OF CORPORATE AFFAIRS APPROVED INCORPORATION OF UNIT PINEWS DIGITAL
Source text for Eikon: ID:nBSE24SBbn
Further company coverage: ZEEN.NS
(([email protected];;))
Zee Media Corporation Granted Approval To Explore Options To Raise Funds Upto 2 Billion Rupees
June 26 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
GRANTED ITS APPROVAL FOR EXPLORING AVAILABLE OPTIONS FOR RAISING OF FUNDS UPTO 2 BILLION RUPEES
Further company coverage: ZEEN.NS
(([email protected];))
June 26 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
GRANTED ITS APPROVAL FOR EXPLORING AVAILABLE OPTIONS FOR RAISING OF FUNDS UPTO 2 BILLION RUPEES
Further company coverage: ZEEN.NS
(([email protected];))
Zee Media Corporation To Consider Raising Of Funds
June 21 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE4DyDC5
Further company coverage: ZEEN.NS
(([email protected];;))
June 21 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE4DyDC5
Further company coverage: ZEEN.NS
(([email protected];;))
Zee Media Corporation Approved Incorporation Of Unit Of Company
June 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - APPROVED INCORPORATION OF UNIT OF COMPANY
Source text for Eikon: ID:nBSEJ9PtF
Further company coverage: ZEEN.NS
(([email protected];))
June 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - APPROVED INCORPORATION OF UNIT OF COMPANY
Source text for Eikon: ID:nBSEJ9PtF
Further company coverage: ZEEN.NS
(([email protected];))
Zee Media Corporation Says Unit Entered Into Agreement For Investment Of Upto 87.6 Million Rupees In Vyomeen Media
April 12 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
UNIT ENTERED INTO AGREEMENT FOR INVESTMENT OF UPTO 87.6 MILLION RUPEES IN VYOMEEN MEDIA
Source text for Eikon: ID:nBSE1L8ntc
Further company coverage: ZEEN.NS
(([email protected];))
April 12 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
UNIT ENTERED INTO AGREEMENT FOR INVESTMENT OF UPTO 87.6 MILLION RUPEES IN VYOMEEN MEDIA
Source text for Eikon: ID:nBSE1L8ntc
Further company coverage: ZEEN.NS
(([email protected];))
Zee Media Corporation Approves Incorporation/Establishing Of A Unit In USA
March 29 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - APPROVED INCORPORATION/ESTABLISHING OF A UNIT IN UNITED STATES OF AMERICA
Source text for Eikon: ID:nBSEc7h9Mw
Further company coverage: ZEEN.NS
(([email protected];;))
March 29 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - APPROVED INCORPORATION/ESTABLISHING OF A UNIT IN UNITED STATES OF AMERICA
Source text for Eikon: ID:nBSEc7h9Mw
Further company coverage: ZEEN.NS
(([email protected];;))
India's Zee Media Corp Sept-Quarter Consol Net Loss Widens
Oct 31 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
SEPT-QUARTER CONSOL NET LOSS 307 MILLION RUPEES VERSUS LOSS 120.8 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.52 BILLION RUPEES VERSUS 1.95 BILLION RUPEES
Source text for Eikon: ID:nBSE5JP8sl
Further company coverage: ZEEN.NS
(([email protected];))
Oct 31 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
SEPT-QUARTER CONSOL NET LOSS 307 MILLION RUPEES VERSUS LOSS 120.8 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.52 BILLION RUPEES VERSUS 1.95 BILLION RUPEES
Source text for Eikon: ID:nBSE5JP8sl
Further company coverage: ZEEN.NS
(([email protected];))
India's market regulator bars Zee's Goenka and Chandra from four group companies
Aug 14 (Reuters) - India's market regulator on Monday barred Zee Entertainment's ZEE.NS Subhash Chandra and Punit Goenka from the boardrooms of four Zee Group companies including Zee Entertainment Ltd (ZEEL), according to an order published on the regulator's website.
The other three Zee group companies include - Zee Media Corporation, Zee Media Corp and Zee Aakash News.
According to Securities and Exchange Board of India (SEBI) Chandra and Goenka cannot be directors in any entity which is formed after merger, amalgamation of the four companies.
Thereby impacting Goenka's directorship post merger of Zee and Sony.
This is a slight variation of its previous order where SEBI had barred the duo from company boards.
In the order, Madhabi Puri Buch, chairperson, SEBI said that Goenka's conduct as Managing Director and Chief Executive Officer of ZEEL was found to in violation of norms to prevent fraud.
"His actions were in direct conflict with the interests of 96% public shareholders of ZEEL, necessitating imposition of temporary restraint on him," said Buch.
(Reporting by Jayshree P Upadhyay; editing by David Evans)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Aug 14 (Reuters) - India's market regulator on Monday barred Zee Entertainment's ZEE.NS Subhash Chandra and Punit Goenka from the boardrooms of four Zee Group companies including Zee Entertainment Ltd (ZEEL), according to an order published on the regulator's website.
The other three Zee group companies include - Zee Media Corporation, Zee Media Corp and Zee Aakash News.
According to Securities and Exchange Board of India (SEBI) Chandra and Goenka cannot be directors in any entity which is formed after merger, amalgamation of the four companies.
Thereby impacting Goenka's directorship post merger of Zee and Sony.
This is a slight variation of its previous order where SEBI had barred the duo from company boards.
In the order, Madhabi Puri Buch, chairperson, SEBI said that Goenka's conduct as Managing Director and Chief Executive Officer of ZEEL was found to in violation of norms to prevent fraud.
"His actions were in direct conflict with the interests of 96% public shareholders of ZEEL, necessitating imposition of temporary restraint on him," said Buch.
(Reporting by Jayshree P Upadhyay; editing by David Evans)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Zee Media Corporation Withdrew Its Expression Of Interest Filed With The Corporate Insolvency Resolution Professional
June 28 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
CO WITHDREW ITS EXPRESSION OF INTEREST FILED WITH THE CORPORATE INSOLVENCY RESOLUTION PROFESSIONAL
Source text for Eikon: ID:nBSE9FRJbl
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June 28 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
CO WITHDREW ITS EXPRESSION OF INTEREST FILED WITH THE CORPORATE INSOLVENCY RESOLUTION PROFESSIONAL
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Zee Media Corporation Appoints Abhay Ojha As CEO
May 2 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - APPOINTED ABHAY OJHA AS CEO
Source text for Eikon: ID:nBSE6jmRqG
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May 2 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:
ZEE MEDIA CORPORATION LTD - APPOINTED ABHAY OJHA AS CEO
Source text for Eikon: ID:nBSE6jmRqG
Further company coverage: ZEEN.NS
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What does Zee Media Corpn. do?
Zee Media Corporation Limited is one of India's largest news networks with a strong presence in multiple languages. With a vast network of news bureaus and updated technology, it delivers news through various channels and digital platforms.
Who are the competitors of Zee Media Corpn.?
Zee Media Corpn. major competitors are Entertain. Network, Vashu Bhagnani Ind., Praveg, Phantom Digi. Effect, TV Today Network, PVP Ventures, Shemaroo Entertain.. Market Cap of Zee Media Corpn. is ₹626 Crs. While the median market cap of its peers are ₹630 Crs.
Is Zee Media Corpn. financially stable compared to its competitors?
Zee Media Corpn. seems to be less financially stable compared to its competitors. Altman Z score of Zee Media Corpn. is 0.62 and is ranked 8 out of its 8 competitors.
Does Zee Media Corpn. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Zee Media Corpn. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Zee Media Corpn. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Zee Media Corpn. balance sheet?
Zee Media Corpn. balance sheet is weak and might have solvency issues
Is the profitablity of Zee Media Corpn. improving?
The profit is oscillating. The profit of Zee Media Corpn. is -₹117.85 Crs for TTM, -₹119.42 Crs for Mar 2025 and -₹98.42 Crs for Mar 2024.
Is the debt of Zee Media Corpn. increasing or decreasing?
The net debt of Zee Media Corpn. is decreasing. Latest net debt of Zee Media Corpn. is ₹50.22 Crs as of Mar-25. This is less than Mar-24 when it was ₹116 Crs.
Is Zee Media Corpn. stock expensive?
Zee Media Corpn. is not expensive. Latest PE of Zee Media Corpn. is 0.0, while 3 year average PE is 1.19. Also latest EV/EBITDA of Zee Media Corpn. is 0.0 while 3yr average is 13.76.
Has the share price of Zee Media Corpn. grown faster than its competition?
Zee Media Corpn. has given lower returns compared to its competitors. Zee Media Corpn. has grown at ~-14.02% over the last 3yrs while peers have grown at a median rate of -1.86%
Is the promoter bullish about Zee Media Corpn.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 6.3% and last quarter promoter holding is 3.9%.
Are mutual funds buying/selling Zee Media Corpn.?
There is Insufficient data to gauge this.