Affected by weakened revenue and a tough advertising market, Entertainment Network India Ltd’s radio business, Radio Mirchi, has reported a net loss of Rs 1.45 crore in Q1 of FY10, as against a profit of Rs 0.70 million in the corresponding quarter of the previous fiscal.
Mindshare’s CEO for Asia Pacific, Ashutosh Srivastava, was in the India office last week for a workshop on the new structure of the company. In conversation with exchange4media, Srivastava said that there was maximum alignment from the India team for the restructuring and that officials here understood that the new model was more about the clients than the agency.
If web traffic is an indication of Twitter’s rage, it surely is making news in India as well. The growth is accelerated by the fact that mainstream media is readily embracing the mirco-blogging site to engage readers on their portals. One media major that has gone the Twitter way with much enthusiasm is India Today, only it prefers to call it News Buzzer on its website.
Following a stint of over nine years with the Times of India Group, AP Parigi on Saturday, August 1, 2009, decided to step down as Managing Director. The Board of Directors of Entertainment Network (India) Ltd (ENIL) is said to have ‘reluctantly’ accepted Parigi’s decision. Parigi will serve as MD of ENIL till September 30, 2009, and will continue to be associated with the company as a Non-Executive Director.
Print ad volumes of the services sector decreased by 14 per cent during January-June ’09, as compared to January-June ’08. Properties/ real estates had the maximum share of the services sector print ad pie during this period. Print advertising of the education sector saw a growth of 10 per cent in H1 ’09, while print ad volumes of the banking/ finance/ investment sector were down by 19 per cent during this period.
Veteran journalist Bikram Vohra has been invited to join UAE’s leading English daily Khaleej Times in the capacity of Senior Editorial Advisor. This is the third time that Vohra will be associated with the newspaper.
Dentsu India has roped in Sai Nagesh as Chief Growth Officer for Dentsu Media. Working closely with Ruchira Raina, Managing Director, Dentsu Communications and Dentsu Media, Nagesh’s mandate would be to steer Dentsu India’s media business forward, both organically and inorganically.
Asianet has been having a good year in 2009. The leading Malayalam general entertainment channel has further widened the lead with its nearest second. Asianet has been consistently scoring on an average 1100-plus GRPs (Source: TAM; CS F ABC 15+, Kerala Total Market; from weeks 23 to 30) for the last two months.
‘Winning customers with in-game advertising’ was the theme of the closed door impact Roundtable conference, which was held in Mumbai on July 31. Industry experts like Karl Gomes, Raghav Anand, Akshay Garg, Hrishi Oberoi, Manoj Malkani, and Mahesh Murthy discussed a host of issues surrounding the advergaming industry and its future.
BBH India has got its very own first official address in Mumbai. The agency, which has till now been operating out of its Kalpataru, Santacruz (East) office, has moved into its Santacruz (West) office in the vicinity of Linking Road.
‘Wired’ Editor-in-Chief and writer Chris Anderson’s assertion that newspapers and news journalists will fade away thanks to the likes of the Twitter may not be entirely untrue, writes Pradyuman Maheshwari.
Kotak Mahindra Bank has adopted a new brand identity, summed up in its tagline ‘Let’s make money simple’. The new identity seeks to widen Kotak’s core competence, which is investment expertise, to now focusing on financial expertise.