India Media Monitor

India Media Monitor

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| Fortnightly newsletter on the Indian media industry | Issue No. 6, Published 29 June 2009 | Published by Heernet Ventures Limited (heernet.com) |

News stories

Pearson invests in Indian education

Full year results from Sun TV, Dish TV and Jagran Prakashan.

Rishi Khiani appointed as the CEO of Indiatimes

Magazine on Nanotechnology launched

RCom plans to launch Mobi TV

Tata Tele launches GSM service under Tata Docomo brand

Sivaskaran acquires 51% stake in S Tel

BSNL launches IPTV services

Info edge launches e-learning website, Meritnation

Malayala Manorama launches education website

Data

Share price data

Deal Sheet

Heernet Ventures publishes this newsletter as part of its research coverage of the Indian media industry.
You can access more research on the Indian media industry from our research website at G2Mi.com.

If you are a media company or financial investor seeking growth opportunities in the Indian media industry, we can
assist you to ensure that you are successful in identifying and executing the best opportunities. With dedicated
teams in both London and India, we are well placed to provide ‘on the ground’ assistance and support.

We can help you understand the structure of the Indian media industry and the key challenges that exist for foreign
investors. We can also assist with deep analysis of key industry segments and assist you in both identifying and
negotiating with suitable, local companies. Over the last five years, we have worked on assignments across the
publishing, Internet and broadcasting sectors.

For an initial discussion, contact Harjinder Singh-Heer on +44 (0) 208 180 7223 or by email on
harjinder@heernet.com.

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 India Media Monitor

News

Media Times Group launches ET Now

23rd June 2009

Pearson invests in Indian education The Times of India group has launched a new business news
th
television channel, ET Now. ET Now will share editorial
25 June 2009
resources with The Economic Times newspaper.
Pearson, the UK-based media company has made two
investments in the Indian education sector. It has acquired a
50% stake in Educomp, an Indian vocational training centres Jagran Prakashan announced its annual financial
operator, for US$ 17.5 million and has also acquired a 17% result for the year 2008-2009
stake in TutorVista, an Indian online tutoring company. 19th June 2009
Educomp provides a range of traditional and online-based
The Indian newspaper publisher, Jagran Prakashan, declared
teaching materials for students in addition to vocational
its annual results for the year ended March 2009. The
training for teachers; in recent years, the company has
company increased revenue by 8.0% to Rs 8.1 billion.
invested outside of India. In india, it operates 26 vocational
Growth in adspend was low at approximately 6%; much of
training centres in the country and serves 23,000 schools.
the growth came from circulation revenue, outdoor
TutorVista provides online instruction in English, Maths and
advertising and events.
Science to K-12 students. Pearson has a strong position in
the educational publishing market (it also owns the Financial
Times newspaper, Penguin publishing).
Y/E March (Rs
2008 2009 % change
million)

Dish TV announced its annual financial result for 7,496 8,073 7.7%
the year 2008-2009 Revenue
1,639 1,567 -4.4%
EBIT
20th June 2009 981 916 -6.6%
Net Profit
The Indian DTH operator, Dish TV, declared its annual
results for the year ended March 2009. The company Source: Company
increased revenue by 80.5% to Rs 7.4 billion. The company
also added 2.06 million subscribers during the year (up from
1.04 million during the previous financial year). The Sun TV announced its annual financial result for
company estimates that it has a 42% share of the DTH the year 2008-2009
market. 24th June 2009

Sun TV, the leading television company in South India

Y/E March (Rs
published its annual results for the year ended March 2009.
2008 2009 % change
billion) The company increased revenue by 18.9% to Rs 4.4 billion.

Revenue 4,136 7,390 79.0%

Y/E March (Rs billion) 2008 2009 % change
EBITDA -2,166 -1,874 N.A.
EBIT -3,657 -4,028 N.A.
Net Profit -4,132 -4,763 N.A. Revenue 3.7 4.4 18.9%
Net Profit 8.6 10.1 17.4%
Source: Company
Source: Company

Sun TV also plans to sell a 5% stake in its radio operation,

South Asia FM. Astro Group of Malaysia has a 6.98% stake
and is keen to increase it to 20%.

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Sun TV also announced that it has appointed Ajay
Vidyasagar as its Chief Operating Officer. Earlier,
Vidyasagar was the President of Star India.
New trade magazine Nanotechnology launched
15th June 2009
A magazine on Nanotechnology, Nano digest has been
launched in Hyderabad. It is an English monthly magazine
which is aimed at Nano professionals and industry. The
magazine is available for Rs 100 per copy.
Telecommunications
RCom plans to launch Mobi TV
25th June 2009
Reliance Communications (RCom), the telecoms operator,
has announced plans to launch Mobi TV on its GSM
offering. The company plans to offer 35 television channels
to its GSM users. Mobi TV is based on a technology
platform developed by Apalya Technologies. Reliance
Mobile has entered into an agreement with Aajtak to provide
video news alerts to MMS news subscribers. The users will
get news alerts twice a day in MMS format; the monthly
subscription price will be Rs 30.
Tata launches services under Tata Docomo brand
25th June 2009
Tata Teleservices, an Indian telecom operator, has launched
its GSM services under the brand ‘Tata Docomo’. Initially,
only pre paid services shall be provided and it is being
launched in Tamil Nadu.
Sivasankaran acquires 51% stake in S Tel
21st June 2009
C Sivaskaran, an investor, has acquired 51% stake in S Tel,
an Indian telecom company, for approximately Rs 11.5
billion. Sivakaran made the investment through his
investment company, Sterling Infotech Group. S Tel has
license to operate telecoms services in northern and eastern
states in India.
© Heernet Ventures Limited. All Rights Reserved
India Media Monitor
BSNL launches IPTV services
21st June 2009
BSNL, the incumbent telecoms operator has launched IPTV
services in Kolkata under the brand, MyWay. This service
had been launched in partnership with Smart Digivision.
This service will offer videos, games, music, chat, travel and
other similar services.
Internet
Info Edge launches e-learning portal
25th June 2009
Info Edge, a leading Indian online classifieds company has
launched a new website aimed at providing educational
content to children in classes 6-12. The website,
Meritnation offers a wide range of learning content.
Rishi Khiani appointed as the CEO of Indiatimes
19th June 2009
Rishi Khiani was appointed as the CEO of Indiatimes,
Times Internet Limited. Earlier, he was the Chief Operating
Officer of Web 18.
Malayala Manorama to launch education portal
24th June 2009
Malayala Manorama, the Keralan media company is
launching an education website. It will be a listing based
website covering services such as private tutoring and
courses. The site will also offer social media features and
tools. Malaya manorama is the leading media company in
the state of Kerala
Hungama launches online music store
22nd June 2009
Hungama, the Indian music and entertainment company is
launching an online music store at Hungama.com. The site
will primarily offer Indian music; users can play tracks and
purchase downloads.
 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 366.80 7.55% 115.26% -29.11%
UTV Software Communications UTVS.BO UTV:IN INR 376.70 -2.66% 43.78% -50.79%
Broadcasting
Balaji Telefilms BLTE.BO BLJT:IN INR 57.40 -7.12% -5.90% -70.56%
Entertainment Network India ENIL.BO ENIL:IN INR 177.05 -16.88% 31.10% -52.79%
ETC Network ETNT.NS ETCN:IN INR 107.35 -4.15% 40.33% -43.50%
IBN Broadcast IBN.NS IBN18:IN INR 104.20 -17.30% 22.59% 21.87%
NDTV NDTV.BO NDTV:IN INR 137.60 -14.29% 15.63% -66.87%
Sun TV SUTV.BO SUNTV:IN INR 237.45 -9.11% 48.13% -25.39%
TV Today Network TVTO.NS TVTN:IN INR 92.90 -9.81% 26.48% -0.27%
Zee Entertainment ZEE.NS Z:IN INR 170.60 -3.89% 28.95% 22.81%
Zee News ZEEN.NS ZEE:IN INR 40.50 -14.47% 12.81% -14.29%

Publishing
Deccan Chronicle DCHL.BO DECH:IN INR 80.60 -5.73% 80.92% -30.87%
Mid day multimedia MIDD.BO MIDM:IN INR 18.15 1.97% 46.98% -35.18%
Navneet Publication NAVN.BO NPI:IN INR 78.75 15.13% 96.63% 7.14%
HT Media HTML.BO HTML:IN INR 95.35 -19.94% 37.79% -5.59%
Jagran Prakashan JAGP.BO JAGP:IN INR 74.25 -2.30% 30.15% 4.95%

Entertainment
K Sera Sera Productions KSER.BO GPM:IN INR 14.70 26.18% -23.64% -31.94%
Mukta arts MUKR.BO MUKR:IN INR 62.65 19.56% 22.24% -24.43%
Prime Focus PRFO.BO PRIF:IN INR 184.75 5.74% 55.25% -60.94%
Pritish Nandy Communications PNCL.BO PRTN:IN INR 23.75 -22.64% 30.49% -54.28%
Pyramid Saimira Theatre
limited PYSA.BO PSTL.IN INR 21.65 -0.46% 0.00% -59.53%
Crest Animation CRCO.BO CRSA:IN INR 28.55 18.63% 9.90% -61.82%
PVR limited PVRL.BO PVRL:IN INR 107.15 -14.96% 23.16% -37.63%

Internet
Info Edge INED.BO INED:IN INR 683.90 -2.29% 66.80% -31.61%
Northgate Technologies NOTC.BO NORT:IN INR 46.55 26.84% -26.92% -87.07%

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 India Media Monitor

Deal Sheet

A summary of key deals and joint ventures over the previous 3 month period.

Sub Sector Investor Investee Terms Details

Jun-09 Education Pearson PLC Educomp 50% stake in Pearson PLC is an UK based publisher of text books.
Solutions Ltd Educomp and Educomp is an Indian vocational training centers operator
and Tutorvista 175 stake in and Tutorvista is a Bangalore based online tutoring
Tutorvista for company.
US$ 30 million

Jun-09 Telecommuni C Sivasankaram S Tel 51% stake for S Tel is an Indian telecommunications company providing
cations Rs 11.5 billion 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 company. Interactive Networks Inc is a
value added service 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
cation is an entertainment conglomerate.

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

Apr-09 Television Oman Investment Fund Neo Sports Rs2.58billion 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 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

Published by:
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