The Union Cabinet approved the proposal for establishing a ‘New Media Wing’ on 8 August that will address the communication and dissemination requirements of the government on social media. The proposal for its establishment was drawn on the basis of the experience of its pilot program on the social media platforms such as Youtube, Facebook and Twitter.
Third Road Show of BARC was held in Kolkata on 08 August 2013. The Broadcast Audience Research Council (BARC) has clarified that its technical committee's evaluation panel plans to appoint three vendors (read three, not two as reported by us on 7 August (Evaluation of RFPs for BARC to be held fr0m 14 August). The first is the technical partner, the second is the panel management partner and the third will conduct the establishment study for the proposed new television ratings system. BARC has announced that the new TV ratings systems should start spewing out viewership ratings by May or June of 2014. The committee, as reported earlier by indiantelevision.com, had earlier accepted applications fr0m 27 organisations, of the 32 RFP responses that it had received.
Minister for Information & Broadcasting Manish Tewari has said that the process of mainstreaming self-regulation as a statutory mechanism ought to be led by the industry, rather than the government. The Minister emphasised that the government’s approach towards media was an ‘Essay in persuasion, not regulation’.
In comparison to net loss of Rs. 28.7 crore in the same quarter a year ago, Media entertainment company Reliance Broadcast Network Ltd (RBNL) had narrowed its consolidated net loss to Rs.15.75 crore in the quarter ending June 30, driven by good performance of radio and television business.
Kanwar Sandhu, senior journalist and managing editor of Day and Night News, resigned on 2 August closing down the three-year-old multilingual channel due to financial problems caused by the machinations of a “powerful political entity in Punjab,” aimed at snuffing out “fair and free journalism.”
TRAI is likely to come out with its recommendations on media ownership to minimise the conflict of interest in scenarios where non-media companies own a stake in a media house. If reports are to be believed, TRAI has already recommended non-media firms to mandatorily declare their media stakes.
Regional language broadcaster, Sun TV Network said on 2 August it earned a net profit of Rs 184.78 crore for the quarter ended June 2013, up 11.6%. Net profit margin declined by 1,130 basis points (bps) YoY to 27.3%. The board of directors has declared an interim dividend of Rs 2.25 per share or 45%.