NDTV

Last updated

New Delhi Television Ltd.
Public
Traded as BSE:  532529, NSE:  NDTV
Headquarters
Number of employees
1,491 (2016)
Website www.ndtv.com

New Delhi Television Limited (NDTV) is an Indian television media company founded in 1988 by Radhika Roy, a journalist. In a talk on the 25th anniversary of NDTV, her husband Prannoy Roy said that he joined NDTV a few weeks after Radhika had founded it. [1] NDTV is an acronym for the original name of the company, New Delhi Television.

Radhika Roy, née Radhika Singh, is an Indian journalist, and the co-founder of New Delhi Television (NDTV). Following a ten year career in print journalism, she switched to television in 1987 and co-founded NDTV, which she has led for more than 25 years.

Prannoy Roy Media, Psephologist, Author, Economist, Accountancy

Prannoy Lal Roy is an Indian journalist and media personality. He is the co-founder and executive co-chairperson of New Delhi Television (NDTV) along with his wife Radhika Roy.

Contents

NDTV's first show, The World This Week began in November 1988.

Channels operating

Channels of NDTV Group are: [2]

NDTV 24x7

NDTV 24x7 is a 24-hour English-language news and current affairs television channel based in New Delhi, India.

NDTV India

NDTV India is a Hindi news channel in India that is owned by New Delhi Television Limited.

NDTV Profit Was a business news channel started by New Delhi Television in January 2005.

Notable personalities

Sonia Singh is editorial director and president of the NDTV ethics committee. She also hosts ‘The NDTV Dialogues’, a show focusing on understanding on key issues and a look at potential solutions.

Ravish Kumar Indian TV journalist

Ravish Kumar is an Indian TV anchor, writer, journalist and media personality who covers topics pertaining to Indian politics and society. He is a senior executive editor at NDTV India, the Hindi news channel of the NDTV news network, and hosts a number of programs including the channel's flagship weekday show Prime Time, Hum Log and Ravish Ki Report.

Sreenivasan Jain is a journalist working for NDTV since 1995. He anchors the weekly ground reportage show Truth vs Hype on NDTV 24x7. He is currently the channel's Managing Editor. He was NDTV's Mumbai bureau chief from 2003 to 2008. He was also briefly Managing Editor of NDTV's business channel, Profit. He is also an Op-ed columnist for the Business Standard newspaper. An Op-ed column in The Hoot, an independent South Asian media watchdog, praised Jain's television coverage of the 2013 Muzaffarnagar riots. Jain is the grandson of M A Sreenivasan, and the son of Devaki Jain and Lakshmi Chand Jain.

Controversies

Allegation of corruption and criminal conspiracy

On 20 January 1998 Central Bureau of Investigation filed cases against New Delhi Television (NDTV) managing director Prannoy Roy, former director general of Doordarshan R. Basu and five other top officials of Doordarshan under Section 120-B of the Indian Penal Code (IPC) for criminal conspiracy and under the Prevention of Corruption Act. According to the Central Bureau of Investigation (CBI) charge-sheet, Doordarshan suffered a loss of over Rs 35.2 million due to the "undue favours" shown to NDTV as its programme The World This Week (TWTW) was put in 'A' category instead of 'special A' category. [6] [7] [8] [9] [10] [11]

Central Bureau of Investigation India government investigating agency

The Central Bureau of Investigation (CBI) is the premier investigating agency of India. Operating under the jurisdiction of the Ministry of Personnel, Public Grievances and Pensions, the CBI is headed by the Director. The agency has been known to investigate several economic crimes, special crimes, cases of corruption and other high-profile cases.

Doordarshan Indias autonomous public service broadcaster

Doordarshan is an autonomous public service broadcaster founded by the Government of India, owned by the Broadcasting Ministry of India and one of Prasar Bharati's two divisions. One of India's largest broadcasting organisations in studio and transmitter infrastructure, it was established on 15 September 1959. Doordarshan, which also broadcasts on digital terrestrial transmitters, provides television, radio, online and mobile service throughout metropolitan and regional India and overseas through the Indian Network and Radio India.

Indian Penal Code The main Penal provisions of India

The Indian Penal Code (IPC) is the official criminal code of India. It is a comprehensive code intended to cover all substantive aspects of criminal law. The code was drafted in 1860 on the recommendations of first law commission of India established in 1834 under the Charter Act of 1833 under the Chairmanship of Lord Thomas Babington Macaulay. It came into force in British India during the early British Raj period in 1862. However, it did not apply automatically in the Princely states, which had their own courts and legal systems until the 1940s. The Code has since been amended several times and is now supplemented by other criminal provisions.

Radia tapes controversy

In November 2010, OPEN magazine carried a story which reported transcripts of some of the telephone conversations of Nira Radia with senior journalists, politicians, and corporate houses, many of whom have denied the allegations. The Central Bureau of Investigation has announced that they have 5,851 recordings of phone conversations by Radia, some of which outline Radia's attempts to broker deals in relation to the 2G spectrum sale. [12] The tapes appear to demonstrate how Radia attempted to use some media persons including NDTV's Barkha Dutt to influence the decision to appoint A. Raja as telecom minister. [13] She left the channel in January 2017. [14]

Barkha Dutt Indian television journalist and columnist

Barkha Dutt is an Indian television journalist and author working with Tiranga TV. She was part of NDTV's team for 21 years, until she left the channel in January 2017. Barkha emerged as a prominent figure after her frontline war reporting on the Kargil Conflict between India & Pakistan in 1999. Dutt has won many national and international awards, including the Padma Shri, India's fourth highest civilian honour. Dutt was one of the journalists taped in the Radia tapes controversy. At NDTV, Dutt was the host of the weekly, award-winning talk-show We The People as well as the daily prime-time show The Buck Stops Here.

Allegation of tax fraud

NDTV, through its foreign subsidiaries, is alleged to have violated Indian tax and corporate laws. [15] NDTV has denied these allegations. [16]

The Sunday Guardian ran a story which exposed the NDTV's financial misdemeanours and malpractices in connivance with ICICI Bank. [17] provides details of how NDTV's major stakeholders raised funds by misdeclaration of the value of shares in NDTV. NDTV has denied the allegations and the NDTV CEO replied [18] to the Sunday Guardian along with the threat of "criminal defamation". On 5 June 2017, the House of Prannoy Roy was raided by NIA and CBI.

On 19 November 2015 the ED served 2,030 crore (US$280 million) notice to NDTV for alleged violations under the FEMA act, [19] however the company said it has been advised that the allegations are not "legally tenable". [20]

The "Income Tax Appellate Tribunal" (ITAT) has upheld an income tax department finding that promoters of NDTV used their own shell companies to round-trip investments of 642 crore (US$89 million) during 2009-10, making them liable for recovery of tax and penalty. [21]

Regarding an investment by the US TV network, NBC (an 80% subsidiary of GE at the time) into NDTV Networks of $150million dollars, both NDTV and NBC/GE insist was an absolutely legal and bona fide investment while the IT department claims it is an illegal transaction. NDTV has called it the Indian Authorities variant of “McCarthyism” to suppress the media. [22]

Commonwealth Games contract

On 5 August 2011 Comptroller and Auditor General of India's report on XIX Commonwealth Games was tabled in Parliament of India. In section 14.4.2 of the report, CAG alleged that while awarding contracts worth 37.8 million (US$530,000) for production and broadcast of commercials to promote CWG-2010 to NDTV & CNN-IBN, the Commonwealth Games Organizing Committee followed an arbitrary approach. Proposals were considered in an ad-hoc manner, as and when a proposal was received; no form of competitive tendering was adopted. The CAG further said in its report that, "We had no assurance about the competitiveness of the rates quoted by these channels and the need and usefulness of these proposals. From March 2010 to June 2010, the entire pre games publicity and sponsorship publicity was done only on NDTV & CNN-IBN." [23] [24] [25]

Suit against TAM India

In 2012, NDTV alleged that TV rating measurement company TAM had indulged in malpractice of influencing and generating favourable TV ratings for their channel. They claimed that two TAM representatives had met NDTV staff in April with an offer to fix the TV ratings in 2-3 weeks by bribing viewers in homes (which otherwise are secret) where the measuring meters were installed. NDTV claimed that this malpractice had resulted in enormous losses for the company over several years and filed a case against TAM, TAM India and its global parent firms for $1.39 billion in the Supreme Court of New York. [26] . Subsequently in 2014, the New York Supreme court dismissed NDTV's petition citing that since it was based on activities and impact in India, NDTV needed to pursue the case in India instead of the US [27] .

One-day ban

On November 4, 2016, the Union Ministry of Information and Broadcasting ordered the channel to go off air on November 9 for allegedly divulging 'strategically sensitive' details while covering January's deadly attack on the Pathankot air base. [28] Government scrapped their decision on the ban for reasons not made clear.

2008 loan case

On 5 June 2017, the CBI raided premises of channel promoters Prannoy and Radika Roy, accusing it of "causing an alleged loss" to ICICI Bank of 48 crore (US$6.7 million). [29] The complainant, Sanjay Dutt, Director of Quantum Securities Pvt. Ltd., alleged that the Roys took a loan of around 350 crore (US$49 million) from ICICI in 2008–09, putting up their shareholdings in the company at an inflated value as collateral. He added that while the amount was repaid the following year, the accrued interest of 50 crore (US$7.0 million) remained unpaid. [30] In its response, NDTV denied any "default on any loan to ICICI or any other bank", while attaching a picture of the bank's 2009 letter that confirmed that the "entire amount due," amounting to 375 crore (US$52 million), had "been repaid in full." [31] It added that, "No matter how much the politicians attack us - We will not give up the fight for freedom and the independence of media in India." [32]

Financial Results

All values are in Crores.

Year->20142015201620172018
Total Income363.16433.93434.15388.07311.65
Expenditure-373.27-406.20-420.27-424.68-360.01
Interest-19.54-20.15-16.50-15.25-15.07
PBDT-29.657.58-2.62-36.61-48.36
Depreciation-23.46-21.27-18.45
PBT-53.11-13.69-21.07-52.66-61.48
Tax-0.45-11.89-0.55-0.690.06
Net Profit-53.56-25.58-21.62-53.35-61.42

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References

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