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Global Mediacom focuses on media business
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Hary Tanoesoedibjo gives statement to the journalists during a press conference at MNC Tower, Jakarta, on Wednesday, June 13, 2012. (JP/ Jerry Adiguna)
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ublicly 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)
