Global Mediacom focuses on media business
Publicly listed media conglomerate Global Mediacom is focusing on three media businesses this year in spite of the tight competition namely content and advertising based media, subscription based media, and online media.
In content and advertising based media, its subsidiary Media Nusantara Citra, runs four major television stations, RCTI, MNCTV, GlobalTV and iNews. Moreover, the group manages its pay TV and broadband businesses under MNC Sky Vision and MNC Kabel Mediakom.
“[This year], we are focusing in all of these three main businesses, primarily from MNC, MNC Sky Vision and MNC Kabel Mediakom as drivers of growth,” Global Mediacom director Oerianto Guyandi told The Jakarta Post recently.
The firm, controlled by billionaire Hary Tanoesoedibjo, is offering conventional bonds and Islamic bonds — known as sukuk — worth a total of Rp 1.1 trillion (US$82.7 million) to fund its working capital and refinance debts.
Mirae Asset Sekuritas Indonesia analyst Christine Natasya is upbeat on the overall growth of media industry due to better advertising environment. The growth in e-commerce will not threaten TV ad revenue as, according to her, many e-commerce businesses are likely to increase their free-to-air (FTA) TV ad spend.
“The country’s e-commerce players have been spending aggressively on TV advertising over the past two to three years, especially in 2015,” she said. (ags)
- Rizieq wants to go home after being questioned in Saudi
- 'Wiro Sableng 212' strives to define Indonesian films
- Golkar to announce candidates for 2018 regional elections this month
- SEA Games Malaysia: Agus Prayogo wins men’s marathon silver
- Anambas Islands to finish airport expansion in September
- Jokowi signs election bill into law
- SM Entertainment releases statement over Taeyeon's airport incident
- Lombok to host Ampenan Old Town Cultural Festival
- Aceh highlights traditional cuisine to promote halal tourism
- Prison expansion sought to solve overcrowding problem