Was going through the latest annual report and discovered that the Company shut down one of its Hindi news channel “Tez” and launched a new channel in place of same by the name of “Good News Today”. (I missed this announcement made regarding this matter to the exchanges in Sep 21 when this thing was actually done). Though, the company has returned its best set of numbers in FY22, but it bugs me that why did the management not even mention the word “Tez” in the latest annual report. They didn’t bring up the topic of “Tez” as it never existed in the history of the company. Whereas if you go back to the previous year annual report i.e. FY21, the management commentary regarding the success of the particular channel and the report on rankings and ratings continue in line with the previous years’ commentaries. I think it would have been relevant for management to also comment on why they had to shut down one channel which was supposedly doing good till last year and for so many years prior to that to launch a new channel. They just stressed on the concept of the new channel instead, as if shoving down this information down the throat of the reader.
Also can anybody throw light on the constant increase in the employee benefit expenses and advertising expenses since FY18 to FY22 as a % of sales.
Disclosure : Invested
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