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During the year, the Company carried out in-depth risk-based
audits at the Corporate Office and other key locations.
Simultaneously, all business processes were mapped to
identify key process risks along with corresponding mitigation
measures. An Information Security Assessment was also
conducted to examine the adequacy of controls in
information systems and related operations.
All key audit findings are periodically deliberated by
management for oversight and necessary corrective actions,
which are further reviewed by the Audit Committee together
with progress of the audit plan.
Enterprise and Process Level Risk Registers have been
updated indicating top risk events. A Risk Management
Committee of Directors has been set up to monitor the
Company’s risk appetite and effectiveness of risk
management functions.
These efforts have helped in creating a risk-aware culture
defined by a new level of risk awareness and responsiveness,
thereby contributing towards enhancing the standard of
corporate governance.
FUTURE OUTLOOK
The latest study by KPMG and FICCI on the Indian Media and
Entertaiment sector estimates a CAGR of 14.9 percent for the
industry between 2011 and 2016. It estimates a CAGR of
9 percent for the print segment, 21 percent for radio and
30 percent for digital advertising for the same period.
HT Media has grown into a diversified media company and
plans to consolidate and grow on the back of a well balanced
portfolio.
Our flagship paper, Hindustan Times, shall benefit from its
continued consolidation across Delhi NCR, Mumbai,
Chandigarh and Madhya Pradesh. Its recent initiatives, Noida
and Gurgaon specific copies, launch of HT Mini etc., shall add
to improved realizations, going forward.
Hindustan recently completed its footprint in the key states
of Uttar Pradesh and Uttarakhand with the launch of its
th
12 edition in Moradabad. With its expansion now complete,
the Company will look towards consolidating its position as
nd
the 2 largest read newspaper in the country. This will mean
commanding better realizations, leading to higher growth in
revenues.
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Mint’s strengthening readership base augurs well for the
Company’s performance.
HT Burda, has stabilized its operations and made deeper
inroads into the domestic markets, which shall augment its
revenue growth. With improved economies of scale,
HT Burda’s profitability shall also improve over the coming
years.
In the online space, Shine.com is fast approaching an
inflection point of its active database of 5 million candidates,
which is 60 percent of the entire database, one of the highest
amongst job portals.
Radio business has tremendous headroom for growth, both
in terms of inventory as well as realization. The Company is
optimistically looking forward to the next phase of licensing
in FM Radio and intends to spread its presence in new
territories.
The foray into the education segment also promises immense
growth prospects.
The Company’s strong financial position enables it to explore
growth opportunities aggressively, within and outside the
media space. Its continued focus on improving operational
efficiencies and a stringent cost regime shall help drive better
profitability.
Cautionary Statement:
Certain statements in this Annual Report may be forwardlooking
statements. Such forward-looking statements are
subject to certain risks and uncertainties like regulatory
changes, local political or economic developments,
technological risks, and many other factors that could cause
our actual results to differ materially from those
contemplated by the relevant forward-looking statements.
HT Media Limited will not, in any way, be responsible for any
action taken based on such statements and undertakes no
obligation to publicly update these forward-looking
statements to reflect subsequent events or circumstances.