HT Media shows profits from cost cutting

IN Media Watch Briefs | 18/07/2017

The first quarter results for HT Media Ltd in FY 18 show an 85.4% year-on-year increase in net profit to Rs 41.55 crore, on the back of lower costs. It shuttered seven editions earlier this year, did some retrenchment at Mint and HT, and engaged in a complex carve-out of its content business in an effort to become leaner. Revenue dipped marginally from Rs 662.43 crore in the first quarter of 2016-17 to Rs 652.18 crore, the company said in a statement.

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HT Media First quarter results FY 18

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Amazon resisting voluntary censorship

The new term for self censorship is voluntary censorship, as proposed by companies like Netflix and Hotstar. ET reports that streaming video service Amazon Prime is opposing a move by its peers to adopt a voluntary censorship code in anticipation of the Indian government coming up with its own rules. Amazon is resisting because it fears that it may alienate paying subscribers.

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