Zee Media Corporation Share Price

Zee Media Corporation Ltd. is one of the largest and most diverse broadcasting companies in India. The Mumbai-headquartered company operates a network of regional, national and global news channels. It also has a significant presence in the digital publishing segment.

The company, founded by Essel Group, was incorporated under the name Zee Sports Limited in August 1999. With effect from May 27, 2004, the company was renamed as Zee News Limited. In 2006, the company demerged itself from the Essel Group and was incorporated as a separate entity.

In July 2013, the company was renamed to its present form Zee Media Corporation Ltd. The market capitalisation of Zee Media Corporation Limited stood at over ₹928 crore, as of 4 February 2024. Zee Media Corporation share price has surged nearly 190% in the last three years.

Zee Media Corp business operations

The Company is the first private news broadcaster in India. In its journey of nearly 3 decades the company emerged as one of the largest media houses in the country.

The business portfolio of the company consists of news media owned directly by the company along with one channel that is owned by it through its fully owned subsidiary, Zee Akash News Private Limited. The company is equipped with a pan-India network of news bureaus and correspondents. It has a strong team of editorial staff catering to 24x7 broadcast journalism. The company is also engaged in creation, distribution, broadcasting and packaging of content.

The company owns a network of 14 news channels in 7 languages alongside 32 digital content properties and 7 mobile apps. It has a reach to more than 180 million viewers and has more than 345 million monthly unique visitors. The company also operates 5 digital news channels, 7 news apps and 32 digital properties. The company registered 17.28 billion page views across its digital platforms for FY22.

The digital content business of the company is operated through a subsidiary called Indiadotcom Digital Private Limited (IDPL). Zee News is the flagship new channel of the company.

The company’s leading news channels include WION, Zee News, Zee Business, Zee Bharat, Salaam TV, Zee Rajasthan, Zee 24 Ghanta, Zee MPCG, Zee Punjab Haryana Himachal, Zee Uttar Pradesh Uttarakhand, Zee Bihar Jharkhand, Zee 24 Taas, Zee 24 Kalak and Zee DNH.

India’s first global news channel, World is One (WION) examines issues across the globe in-depth. It has a variety of special edition shows like ‘WION Fineprint’, ‘Gravitas’, and ‘WION Edge’ with the aim of offering viewers with updates and discussions on issues from India and abroad. WION has put together a team of experienced journalists from different nationalities to present unadulterated views and news. This channel has a presence across 190 countries across the world and is a prominent news brand on YouTube.

Financial highlights

• The company’s consolidated operating revenue in FY23 stood at ₹720.62 crore as against ₹866.86 crore in FY22, marking a year-on-year drop of 17%.
• Its operating profit for FY23 dropped 74% to ₹65.6 crore as compared to ₹253.6 crore in FY22.
• The company narrowed its net loss to ₹68.81 crore in FY23 as against ₹117.72 crore in FY22.
• Its earnings per share (EPS) stood at ₹(-1.1) in FY23 compared to ₹(-2.07) in FY22.