Executive body members of the News Broadcasters Federation have met Finance Minister Nirmala Sitharaman and requested that TV news channels be treated at par with the print media industry under GST regulations.
Admitting the petitions from the Indian Broadcasting Foundation (IBF), and top broadcasters, the two judge bench of justice SC Dharmadhikari and Justice RI Chagla issued notice to Trai asking to respond within a week. The court will hear the matter or January 22nd.
Indian Broadcasting Foundation (IBF), Sony Pictures Networks India (SPN), Walt Disney, which owns Star India, Zee Entertainment Enterprises, Reliance Industries-owned TV18 and the Producers Guild of India moved the Bombay High Court, challenging the Telecom Regulatory Authority of India’s amendments to the New Tariff Order (NTO).
Cable operators are strongly objecting to the new mandate that caps network capacity fee (NCF) at `160 and a 60% discount on second and third TV sets in the same household.
Union minister of state for finance and corporate affairs Anurag Singh Thakur and former Chief Justice of India Dipak Misra presided over the awards ceremony as the guests of honour at a grand event in New Delhi where stalwarts of India Inc were celebrated for their exemplary performance in promoting good governance.
Television broadcasters united against TRAI's recent order capping prices for channels saying that will affect the content creation and impact jobs. The broadcasters got together under the aegis of the Indian Broadcasting Foundation (IBF) to oppose the move in a rare press conference here which had top executives from all the leading networks speaking out.
TRAI issued the amendments to its tariff order - which take effect on March 1 on Jan 1. It limited the discounting on TV channels bouquets to 33%, while also reducing the maximum retail price (MRP) of channels in those bouquets to Rs 12 from Rs 19.
Srinivasan, who was in an entrepreneurial role prior to SPN, comes with over three decades of global experience across organisations such as IBM and Oracle. His expertise lies in business and IT strategy, leading business transformation, strategic execution with a deep market focus and financial acumen.
Trai amendments to new regulatory framework could lower DTH/cable bills by up to 14 per cent, Icra said.
India's television broadcasting industry had to negotiate a slowdown in advertising spends and increasing consumer preference for digital platforms in 2019, even as some areas of the business witnessed consolidation that could continue next year.
There are mainly two issues -- how the FDI policy of the sector would treat news aggregators and what would happen to those digital media companies where overseas investment is over 26 per cent -- that need clarification. On these matters, the department is expected to issue clarification soon, a source said.
ET Catalyse, a Times Internet initiative, brings together some of the sharpest minds in marketing for engaging discussions about Digital media, Brand building, Smart marketing and effective ROI led communication strategies. In the first episode our panelists delve on bringing about innovation in marketing concepts, how to deal with data, the way to build brands in a cautious economic scenario and leveraging digital media for wide and effective reach. The panelists of this episode are Sheema Vohra, MD, Sartha Global Marketing; Manish Sinha, CMO, STL; Nikhil Rastogi, Marketing Director, Dyson India and Puneet Gupt, COO, Times Internet Ltd.
With the newly minted role of chief executive officer, South Asia, for the Paris-headquartered Publicis Groupe, Acharya's new mandate is to drive 'greater integration' across the groupe’s operations.
Sood will report to Chris Davies, Global EVP of marketing and distribution, and Alistair McEwan, SVP Commercial Development, Asia and ANZ at the BBC Global News. He will assume management of the commercial sales teams across the region with head of distribution, Sunil Joshi, and advertising sales director, Vishal Bhatnagar, reporting directly to him.
While addressing a gathering of luminaries from India and the US at the 18th Annual Greentech Occupational Health, Safety and Disaster Management Conference former Chief Justice of India Dipak Misra said, “The term RoI (return on investment) is absolutely immoral and unethical in the context of maintenance of safety and disaster management.”
Sony will own a majority 51% stake in the proposed JV, while TV18 will own the remaining 49%. As part of the deal, the two companies will transfer 100% of SPN, 51% of TV18’s share in Viacom18 (US entertainment conglomerate Viacom Inc owns 49% in Viacom18) and 100% of Jio Studios business to the new entity, one of the sources said.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service