Media Times, the Taseer-owned media conglomerate, is still struggling - News Summed Up

Media Times, the Taseer-owned media conglomerate, is still struggling


Amongst those affected was also Media Times, the publicly listed Taseer family’s media conglomerate that had at one point under its umbrella the English daily newspaper Daily Times, the Urdu daily, Aaj Kal, a cooking channel called Zaiqa, a kids channel called Wikkid and Pakistan’s first business and economics oriented news channel called Business Plus. The media group’s misfortunes are made worse by the fact that things were not always so, in fact, Daily Times, and its parent group ‘Media Times,’ started off strong. The company’s net revenue stands at Rs81 million, significantly lower than the Rs126 million from the same period the year before. If one analyzes that data, the results are not pretty: for the year 2021, the net revenue stands at Rs111 million. And the net loss stands at Rs127 million, which is greater in value than last year’s loss of Rs110 million.


Source: Pakistan Today May 03, 2021 04:38 UTC



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