All the news from the western front may be dark and depressing. Plunging readerships, falling circulations, falling advertising revenues, cost-cutting, job losses, the works.
It’s the exact opposite scenario in India, at least among the big, listed media companies, reports Sruthijith K.K. in the Mint.
Media and entertainment companies in India are twice as profitable as their global peers. Between 2003-07, print media in India enjoyed a compounded 61 per cent growth in earnings before interest, taxes, depreciation and amoritisation (EBITDA), far more than other media forms.
An analysis of 37 listed companies showed that gross profits from Indian media and entertainment companies was 11 per cent higher than the benchmark index on the nation’s two biggest stock exchanges.
# TV 18 posted the highest compounded growth in Ebidta of 183.26% between 2003-07.
# TV Today Network Ltd, broadcaster of channels such as Aaj Tak and Headlines Today, was the poorest performer, with a corresponding figure of 4.89%.
# In 2007, Sun TV Network Ltd, the Madras-based conglomerate with a strong southern footprint, led with an Ebidta margin of 65%.
Read the full article: Media firms outperform global peers