Value in media stocks lies in consolidation

Amid dwindling revenues, consolidating businesses is key to sustenance for India’s media industry.

Over the past two weeks, since Gautam Adani made a bid to acquire news broadcaster NDTV, media stocks have registered an uptick in their valuations. Stocks of print media firm HT Media as well as regional newspaper owners DB Corp. and Jagran Prakashan went up 5-15%, while those of media company TV Today Network—which owns leading Hindi-language news channel Aaj Tak—rose 14%. Meanwhile, NDTV’s stock jumped 30%. 

Before the world’s third-richest man announced his intention to gain control of a 29% stake in NDTV, he also bought a stake in Quint Digital Media’s business news arm, Quintillion Business Media. Moreover, …

Author

T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor

surendar@mailtmc.com

Mumbai