Sun TV: Eyeing an ad spend recovery The Sun TV Network scrip is - TopicsExpress



          

Sun TV: Eyeing an ad spend recovery The Sun TV Network scrip is down 16% over the last one year on account of slowing advertising revenues, increasing competition and overhang of the CBI charge-sheet against the companys promoter. Extension of deadline for implementation of digitisation (phase III to end-2015 and phase IV to end-2016) has also meant that gains from the subscription segment (30% of revenues) are likely to be delayed further. The stock at Rs 342 is trading at 15 times its FY16 estimates, a steep discount to Zee Entertainments 27 times.
Posted on: Sat, 04 Oct 2014 10:05:00 +0000

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