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The Advertising Standards Council of India (ASCI) on Wednesday asked media companies to label paid posts on their social media handles. The self-regulatory organisation (SRO) for the advertising industry has expressed growing concerns about promotions being perceived as editorial content. As a result, it has added a clause to its code to prevent such advertisements from being displayed. Under the newly added clause, any paid or sponsored post by a media company must carry a clear disclosure right at the start, so audiences know upfront that it is promotional in nature, an official statement said, adding "Advertisement," "Partnership," "Ad," "Free Gift," "Sponsored," "Platform disclosure tags" and "Collaboration" are the acceptable labels. There were consumer complaints about misleading or undisclosed promotions on platforms with high editorial credibility, which led to the inclusion of the new clause. The body felt that digital media is often serving as a primary news and informati
President Donald Trump's media company plans to buy back up to USD 400 million of its stock, which have lost 46 per cent of their value this year. Trump Media and Technology Group, which operates the Truth Social media platform, said Monday that the acquisition will improve its financial flexibility. It will retire the shares after they are purchased, meaning these particular shares can't be reissued. Companies can drive their stock higher by acquiring or removing the number of company shares outstanding. Trump is the largest stakeholder in Trump Media, with about 114 million shares. Shares of Trump Media rose just over 2 per cent Monday. But the shares appeared to peak about a month after the company went public in late March. Shares have been on a steady, downward trajectory since. The company said early this year that it lost USD 400.9 million in 2024 and its annual revenue declined 12 per cent to USD 3.6 million. After winning the US presidential election in November, Trump ..
Network18 Media & Investments Ltd has reported a consolidated net loss of Rs 29.09 crore in the March quarter, while its revenue from operations stood at Rs 561.32 crore. It reported a loss of Rs 195.68 crore and revenue from operations was at Rs 2,792.45 crore in the corresponding March quarter a year ago, according to a late night regulatory filing by Network18 Media on Friday. Its results are not comparable with the year-ago period due to the merger of its subsidiary Viacom18 with Star India. "The group has recognised loss of Rs 1,435.79 crore, upon derecognition of net assets including goodwill, carrying value of non-controlling interest in those subsidiaries and recognition of investment retained in Viacom18 at fair value and sale consideration of the investment in lndiacast, which has been disclosed as exceptional items in the results. "Accordingly, the figures for the corresponding previous periods are not comparable," the company said. While on a standalone basis Network18
Media house DB Corp Ltd on Thursday reported 4.65 per cent decline in consolidated net profit at Rs 118.21 crore for the third quarter ended December 2024. The company had posted a profit of Rs 123.97 crore for the October-December period a year ago, according to a regulatory filing from DB Corp. Revenue from operations was marginally down to Rs 642.65 crore from Rs 644.71 crore. Total expenses were Rs 495.58 crore as against Rs 497.38 crore earlier. Revenue from Printing, Publishing and Allied business was down marginally to Rs 594.17 crore in the quarter. However, revenue from the radio business was up 5.47 per cent at Rs 48.64 crore. Total income of DB Corp, which includes other income, was down 1.37 per cent to Rs 655.64 crore in the quarter. Meanwhile, in a separate filing, DB Corp informed about management changes. It has appointed Runit Kishor Shah as an Additional Director and Vijay Kumar TV as Chief Operating Officer in Ad sales. DB Corp is one of the largest print med
Charles Dolan, who founded some of the most prominent US media companies including Home Box Office Inc and Cablevision Systems Corp., has died at age 98, according to a news report. A statement issued Saturday by his family said Dolan died of natural causes, Newsday reported late Saturday. It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder of HBO and Cablevision, the statement said. Newsday is owned by Dolan's son, Patrick Dolan, following Cablevision's purchase of Newsday Media Group in 2008, the newspaper reported. Dolan's legacy in cable broadcasting includes the 1972 launch of Home Box Office, commonly known as HBO, and founding Cablevision in 1973 and the American Movie Classics television station in 1984. He also launched News 12 in New York City, the first 24-hour cable channel for local news in the US, Newsday reported. Dolan, whose primary home was in Cove Neck Village on Long Island in New York, a
Tsuneo Watanabe, the powerful head of Japan's largest newspaper who had close ties with the country's powerful conservative leaders, has died, his company said Thursday. He was 98. Watanabe, the editor-in-chief of the Yomiuri Shimbun for over 30 years, died of pneumonia at a Tokyo hospital on Thursday, the Yomiuri said. Watanabe joined the newspaper in 1950 and covered politics throughout his career, attending editorial meetings until last month. He was still checking copy in his hospital room days before his death, the newspaper said. Watanabe cultivated close ties with conservative leaders who governed the country across decades, like Yasuhiro Nakasone and Shinzo Abe, and to helped form Japan's conservative public opinion. Abe was also known as a loyal reader and once told reporters all his opinions could be found in the Yomiuri when he was asked a question about a proposed constitutional revision. Watanabe stirred controversy in 1994 when the Yomiuri published a draft revision t
Network18 Media & Investments on Saturday said its consolidated net loss widened to Rs 152.31 crore in the second quarter ended September 30 on account of investments in sports and digital assets. The company had posted a net loss of Rs 119.18 crore a year ago, according to a regulatory filing from Network18 Media & Investments, one of the largest media conglomerates in the country, owned by Reliance Industries. However, its consolidated revenue from operations rose 1.6 per cent to Rs 1,825.18 crore for the September quarter. It was Rs 1,865.50 crore in the corresponding quarter of the preceding fiscal. "With 6 per cent growth in News business revenue and continued improvement in margins. Overall profitability was impacted due to Sports and Digital investments in Viacom18," the company said in an earning statement. The total expenses in the September quarter rose 1.64 per cent to Rs 2,243.13 crore. Network 18's total income for the second quarter of FY2024-25 was flat at Rs ...
Union Minister Nitin Gadkari on Thursday said credible media is important for the qualitative transformation of democracy and socio-economic development of the country. Addressing an event here, Gadkari said every politician expects media support, but the media should support what is good for democracy and the country. He noted that once upon a time, people were only dependent on print media and electronic media, now they are dependent on social media. "In media, what we need is credibility, goodwill...people are expecting information from the media by which they can make the qualitative transformation of our democracy," the minister said. "Socio-economic transformation is the ultimate aim for all of us, for that reason role of the media is very important," he added. "Now everyone is interested in understanding information," he said. Gadkari said that India is the fastest growing economy in the world and its dream is to make India 'Atmanirbhar' and 'USD 5 trillion economy'. Acco