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Zee Media Corporation Ltd.

BSE: 532794 Sector: Media
NSE: ZEEMEDIA ISIN Code: INE966H01019
BSE 00:00 | 24 Apr 2020 Zee Media Corporation Ltd
NSE 05:30 | 01 Jan 1970 Zee Media Corporation Ltd

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OPEN 5.50
PREVIOUS CLOSE 5.43
VOLUME 131281
52-Week high 15.80
52-Week low 2.89
P/E 8.01
Mkt Cap.(Rs cr) 264
Buy Price 5.50
Buy Qty 31.00
Sell Price 5.65
Sell Qty 4173.00
OPEN 5.50
CLOSE 5.43
VOLUME 131281
52-Week high 15.80
52-Week low 2.89
P/E 8.01
Mkt Cap.(Rs cr) 264
Buy Price 5.50
Buy Qty 31.00
Sell Price 5.65
Sell Qty 4173.00

Zee Media Corporation Ltd. (ZEEMEDIA) - Chairman Speech


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Company chairman speech

THE TRUTH OF BUSINESS

" Revenue growth rate for ZMCL for the year outpaced growth rate of news genreas well as overall television industry. Both regional and national Hindi channels were inprofit excluding the new launches last year."

Dear Shareholders

The Indian economy continues to take a strong ride backed by rising per capita incomeinvestments and positive reforms & initiatives taken by the Government. The Media andEntertainment industry continues to showcase a positive progress with double digit growthrate and is well poised to grow at a healthy pace in future. The industry also witnessedsignificant regulatory changes which have enhanced it from a transparency and efficiencyperspective. Your Company remains focused on leveraging these positive trends whilestrengthening the core fundamentals of its business for bringing unique innovative andunbiased content to our viewers.

With a rich bouquet of fourteen television news channels comprising of oneinternational four national and nine regional channels your Company is also focusing onexpanding and strengthening its presence on the digital platforms. Leveraging crossplatform strengths your Company derives synergies in news content curation from itsleading digital news platforms in the realm of news entertainment technology healthwellness and sports. Apart from content synergy the collaboration also strengthens usfrom a technological advancement perspective. We continue to invest in regional as well aslanguage portfolios and act as a challenger in the industry by charting unexploredterritories.

It has been a positive financial year for your Company with a revenue growth rateoutpacing the genre as well as the industry growth. While our EBITDA grew by 31% over lastyear all the channels contributed immensely to the Company's growth. The financial yearwitnessed the relaunch of Zee Hindustan as an anchor-less channel show casing thestrength of our news content. Your Company successfully experimented by hyperlocalinitiative with an objective to test and unleash the revenue potential in the smallertowns which can be harnessed to add to the overall business value. Our focus on creatingour own Intellectual Properties continues in order to create a strong revenue generatingstream. Your Company has also forayed into international markets to create annualproperties in this segment.

We are also focused on synergising and extracting full potential of the network incontent creation on-ground reporting operations and sales. Our unique IntegratedMultimedia Newsroom has brought in higher efficiencies acting as a strong pillar in ourunified approach to create a centralized content pool for the channels. Our revenuegeneration approach is integrated at a macro level leveraging the benefits of portfolioselling and the brand value of 'ZEE' and its goodwill in the market.

Operations are managed tightly and efficiently to make the organisation nimble on itsfeet that reflects positively on your Company's bottom line. We also took a series ofinitiatives on the people management front to enhance the work environment simplifyingprocesses and improving our overall speed of response to the market place. As a value richorganization your Company focuses on ensuring that all employees live and work by themin letter and spirit. These people centric initiatives made your Company rank amongstIndia's Great Places to Work during this year.

Our performance and growth reinforces our strategy and broader vision of creating alarger bouquet for diverse audience set in the Country. Under new regulations we arefocused on striving for leadership position targeted pricing and ensuring reach for allour channels. Our strategies are aligned to bring in true value of our channels by drivingconsistency in content ensuring higher time spent and hence targeting a leadership or astrong number two position in every market.

In today's era Digital is transforming the way content is created accessed andconsumed by the audience. Hence your Company stands committed to invest in it's digitalbusiness and nurture this market of the future. We believe we have laid a strongfoundation for the future wherein we will continue to take bold meaningful strides inensuring we stay ahead in the competitive news industry. We plan to leverage key newsworthy big ticket events as opportunities to showcase our unparalleled reporting strengthin news industry with a clearly chalked out plan in order to achieve a leadership growthtrajectory.

We endeavour to generate consistent value for all stakeholders. Our vision is to notonly be a market leader but also to lead the way in terms of innovation in conceptsprocesses and products -for the industry at large. This is a vital part of our DNA andthis we believe would help us make a difference to the society. On behalf of the entireteam of Zee Media Corporation Limited I would like to thank all of you for yourcontinued confidence and trust.

Yours truly

Punit Goenka

Chairman


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