Thanks for seekiing my view. In case of Jagran, the newprint price decline, improvement in advertising (hence better prospect of Music broadcast as well, which has contributed to write down in March quarter results) and attractive value with cashflow geneating business, i find Jagaran Prakashan better suited for my approach. Irresptive of external chellanges, Jagran has generated feee cashflow and distributed to shareholder, which I could not find in Music Broadcast. Music broadcast may have supeiror performance due to operating leverage but is relatively inferior in cahflow generations. It need to pay license fees every 5- 10 years to government. Hence, I find Jagran Prakashan more appropriate for my investing style. Hope this answer and wish Music Broadcast also give return which exceed your expecations (indirectly wishing good fortune for me as well ).
Disclosure: My view may be positviely biased due to my investment. I may exit investment without informing Forum. I am not SEBI registered advisor. I am also not suggesting any investment action.
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