Star Plus Star India on course to meet $500-mn EBITDA target by 2018, says 21st Century Fox CFO

Deepu

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Star India, the crown jewel in the international business of Rupert Murdoch’s 21st Century Fox, is right on target to achieve operating profit (EBITDA) of $500 million by 2018. Speaking at the 2015 Media, Communications & Entertainment Conference in Beverly Hills, California, 21st Century Fox chief financial officer John Nallen said that he is confident of Star India reaching the EBITDA target the company has set for 2018. “It is coming from two factors—one is the continued growth from the entertainment business, which is the hallmark of the Star business. We get 23–24 per cent market share every night. It’s the market that’s growing. In the last six months, the TV ad market grew 21 per cent. We over-indexed the cause of our strength,” Nallen said.

Read more at: http://www.televisionpost.com/television/star-india-on-course-to-meet-500-mn-ebitda-target-by-2018-says-21st-century-fox-cfo/ | TelevisionPost.com
 
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