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H T Media Ltd.

BSE: 532662 Sector: Media
NSE: HTMEDIA ISIN Code: INE501G01024
BSE LIVE 15:43 | 21 Nov 99.75 0.40
(0.40%)
OPEN

99.35

HIGH

103.90

LOW

98.75

NSE 15:50 | 21 Nov 100.00 1.15
(1.16%)
OPEN

99.50

HIGH

103.95

LOW

98.90

OPEN 99.35
PREVIOUS CLOSE 99.35
VOLUME 73418
52-Week high 108.80
52-Week low 69.50
P/E 20.91
Mkt Cap.(Rs cr) 2,322
Buy Price 99.75
Buy Qty 2.00
Sell Price 0.00
Sell Qty 0.00
OPEN 99.35
CLOSE 99.35
VOLUME 73418
52-Week high 108.80
52-Week low 69.50
P/E 20.91
Mkt Cap.(Rs cr) 2,322
Buy Price 99.75
Buy Qty 2.00
Sell Price 0.00
Sell Qty 0.00

H T Media Ltd. (HTMEDIA) - Company History

HT Media Ltd is India's second largest print media company in terms of circulation of daily newspaper. Their flagship brand, Hindustan Times is one of the most well recognized media brands in India. The company is the subsidiary of the Hindustan Times Ltd.The company following subsidairies company:Hindustan Media Vebture Limited, HT Music and Enternainment Company Limited, HT Burda media Limited, HT Digital media Holding Limited,HT GlobalEducation, HT Education Limited, ED world Priviate limited, HT Media Ltd was incorporated on December 3, 2002 as a going concern basis. With effect from July 1, 2003, the media business comprising of the entire printing and publishing undertakings of HTL expect the Printing Business at New Delhi was transferred to the HT Media Ltd. Due to this transfer, Searchlight Publishing House Ltd became a subsidiary of HT Media Ltd. The printing undertaking of HTL at New Delhi was subsequently acquired by the company through a separate agreement on October 2, 2004.In Feb 2007, HT Media entered into an equal partner joint venture with Bennett Coleman & Co Ltd for launching a daily tabloid named Metro Now targeted towards the youth in the city of Delhi. In February 2007, the company entered the business news genre with the launch of the business newspaper Mint in Delhi and Mumbai in association with The Wall Street journal. Along with the business paper, they also launched a website viz. Livemint.com which has potential of becoming a fully integrated finance portal offering news, stock quotes, alerts, share trading platforms etc.HT Media also entered the Radio segment with the channel Fever 104 FM in association with Virgin Radio, UK. The FM radio channel was launched through one of the subsidiary companies in Delhi on November 2006, in Mumbai on January 2007 and in Bangalore on March 2007.HT Media was awarded World Young reader prize in the Special Mention Category for the year 2006 and World Young reader prize in the Public Service Category Jury Commendation for the year 2007 by the World Association of Newspaper, France.During the year 2007-08, the company acquired two commercial printing machines (Baker Perkins) and commissioned at Noida and Navi Mumbai. They incorporated Firefly e-Ventures Ltd (incorporated as Medialab Web Solutions Ltd) and Hindustan Media Ltd as subsidiaries of the company. In January 2008, the company launched FM radio channel, Fever 104 in Kolkata. In March 2008, Mint started circulation in Chandigarh and Pune. In April 2008, the company's wholly owned subsidiary, Firefly c-Ventures Ltd launched a new job portal, namely, www.shine.com. In April 21, 2008, the company launched their Hindi daily newspaper, namely, Hindustan, at Chandigarh, Mohali and other parts of Punjab. In May 4, 2008, they launched their Hindi daily at Aligarh in Uttar Pradesh. In May 23, 2008, they commenced printing of their Hindi daily newspaper at Dehradun. During the year 2008-09, the company commenced printing of Hindustan Times at Kanpur. They also undertook trial-runs for their state-of-the-art printing facility in Mumbai. The company entered into a joint venture agreement with German media group Burda Druck GmbH and incorporated HT Burda, for undertaking third party printing by Rotogravure technology and pre-press work.The company acquired Radio business of HT Music and Entertainment Company Limited with effect from January 1, 2009 which is engaged into the business of providing entertainment, radio broadcast and all other related activities through its Radio Stations operating under the brand name Fever 104 in cities of Delhi, Mumbai, Kolkata and Bangalore.During the year, the company's subsidiary HT Digital Media Holdings Ltd incorporated a subsidiary company namely, HT Mobile Solutions Ltd for undertaking mobile marketing solutions. HT Mobile is 65:35 joint venture between HT Digital and Velti PLC, a company incorporated in UK and a world-renowned leader in mobile marketing and mobile advertising technologies.In May 25, 2009, the company launched Mint, the English Business newspaper in Kolkata and in July 13, 2009, they launched Mint at Chennai. With this launch, Mint has a national footprint. In October 10, 2009, the company commissioned the printing facilities at Bareilly and commenced printing of their Hindi newspaper Hindustan. The company sold their Hindi business comprising of Hindi daily newspaper, Hindustan including Ravivasriya Hindustan; magazines Nandan and Kadambini; and internet portals of the said publications on a slump sale to Hindustan Media Ventures Ltd, a subsidiary company with effect from December 1, 2009.In the year 2010, the company Joint venture 50:50 with Benett Coleman & Co., was printing and publishing 'hyper-local' newspaper in Delhi & NCR. In recent years the company has added new businss like Radio, Online, Events and marketing solution.In the year 2011, the company restructuring following the demerger of Hindustan Business undertaking into Hindustan Media Ventures Limited (HMVL). The company focus on high growth areas of classified as automobiles, FMCG, education and realestates.In the year 2012, the company 50:50 joint venture with Indian Education Services Priviate Limited (IESPL), the company has, so far, invested Rs 1,500 Lacs in the equity capital of IESPL. HT Media has grow into a diversified media company and plans to consolidated grow on the back of a well balanced portfolio.