Zee Media Corpn.

May 29 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD MARCH-QUARTER CONSOL NET LOSS 265.3 MILLION RUPEES

• ZEE MEDIA CORPORATION LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.58 BILLION RUPEES

Source text: ID:nBSE9pdrQf

Further company coverage: ZEEN.NS

(([email protected];))

May 18 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - APPROVES ISSUE OF CONVERTIBLE WARRANTS TOTALING 1.19 BILLION RUPEES

• ZEE MEDIA CORPORATION - INVESTORS INCLUDE MAGNIFICA GLOBAL, SUN INDIA OPPORTUNITIES FUNDS

• ZEE MEDIA CORPORATION LTD - ISSUE PRICE AT 8.50 RUPEES PER WARRANT

Source text: ID:nBSE9DkdmL

Further company coverage: ZEEN.NS

(([email protected];;))

May 14 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION - UPDATE ON PRE-INSTITUTION MEDIATION PROCEEDINGS AGAINST CO

• ZEE MEDIA CORPORATION - OPPOSING PARTY CLAIMS 181.1 MILLION RUPEES FOR ALLEGED COPYRIGHT INFRINGEMENT

Source text: ID:nNSE6qQkPV

Further company coverage: ZEEN.NS

(([email protected];;))

May 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - TO CONSIDER THE PROPOSAL OF RAISING OF FUNDS

Source text: ID:nBSE7SWq5l

Further company coverage: ZEEN.NS

(([email protected];;))

May 6 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• 3 FPIS DECLINE TO EXERCISE CONVERSION OPTION OF OUTSTANDING WARRANTS

Source text: ID:nNSEbMFtmR

Further company coverage: ZEEN.NS

(([email protected];;))

Feb 24 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• TAX DEMAND FOR OF 11.1 MILLION RUPEES DROPPED

Source text: ID:nNSE6Wylx8

Further company coverage: ZEEN.NS

(([email protected];))

Feb 18 (Reuters) -

• ZEE MEDIA CORPORATION LTD- SECURED MULTI-CHANNEL NETWORK LICENCE AND ONBOARDED OVER 350 CHANNELS INTO ITS SYNDICATION ECOSYSTEM

Further company coverage: ZEE.NS

(([email protected];))

** Shares of Zee Media Corp ZEEN.NS down 4.2% to 13.7 rupees
** News channels operator says its Q4 consol loss after tax widens to 367.6 mln rupees ($4.4 mln) from loss of 65.1 mln rupees a year ago
** Rev from ops fell 13%, while expenses rose 6.4%
** Stock set for sharpest intraday fall in nearly a month
** ZEEN extends YTD losses to 24.1%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

May 5 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION - MARCH-QUARTER CONSOL NET LOSS 367.6 MILLION RUPEES

• ZEE MEDIA CORPORATION - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.56 BILLION RUPEES

Source text: [ID:]

Further company coverage: ZEEN.NS

(([email protected];))

Adds context on importance of India market for OpenAI in paragraph 3, Open AI comment in paragraph 10, global AI market estimates in paragraph 12

By Aditya Kalra and Arpan Chaturvedi

NEW DELHI, Jan 27 (Reuters) - Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show.

Courts globally are hearing claims by authors, news organisations and musicians who accuse technology firms of using their copyrighted work to train AI services without permission or payment.

India has more than 690 million smartphone users thanks to cheap mobile data plans and OpenAI has said the country is a critical market.

The Indian media outlets, including Adani's NDTV NDTV.NS and Ambani's Network18 NEFI.NS, have told a New Delhi court they want to join an ongoing lawsuit against the ChatGPT creator as they are worried their news websites are being scraped to store and reproduce their work for users of the powerful AI tool.

Reuters was first to report the case filing by the news publishers, which escalates an ongoing legal battle against ChatGPT in India. In the most high-profile battle, local news agency ANI was first to file a lawsuit against OpenAI last year. Global and Indian book publishers have also joined the lawsuit.

The 135-page case filing, which is not public but was reviewed by Reuters, argues OpenAI's conduct constitutes "a clear and present danger to the valuable copyrights" of Digital News Publishers Association (DNPA) members and other outlets.

It refers to OpenAI's "wilful scraping ... and adaptation of content", adding that "the disproportionate power of tech companies in prioritising content and extracting advertising revenue has raised concerns among publishers."

The filing was made by the Indian Express, Hindustan Times, Adani's NDTV and the DNPA, which represents roughly 20 companies including Mukesh Ambani Network18 and players like Hindi daily Dainik Bhaskar, Zee News, India Today Group and the Hindu. Many of these outlets have a flourishing newspaper and television news business too.

The Times of India is not part of the legal challenge despite being member of the DNPA, the filing said, without elaborating on the reasons.

Asked for comment, OpenAI reiterated an earlier statement that it was engaged in constructive partnerships with many news organisations, including in India, and was using publicly available data in a manner protected by fair use principles to builds its AI models.

None of the Indian media companies involved immediately responded to Reuters request for comment.

The global AI market is expected to grow to $320 billion to $380 billion by 2027, expanding 25% to 35% each year, with the India market likely to follow that trend, according to Boston Consulting Group and India's tech lobby group NASSCOM.

LANDMARK INDIA CASE

In the United States, the New York Times sued OpenAI and its largest financial backer Microsoft MSFT.O in December 2023, accusing them of using millions of its articles without permission to train chatbots to provide information to users.

The new Indian intervention will add firepower to ANI's lawsuit against OpenAI in India's most high-profile legal proceedings on the issue.

A hearing in ANI's lawsuit against OpenAI is scheduled for Tuesday.

Responding to the ANI case, OpenAI said in a court filing reported by Reuters last week that any order to delete training data would result in a violation of its U.S. legal obligations, and Indian judges have no jurisdiction to hear a copyright case against the company as its servers are located abroad.

Reuters, which holds a 26% interest in ANI, has said in a statement it is not involved in ANI's business practices or operations.

In recent months, OpenAI has signed deals with Time magazine, the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media to display content.

The Indian publishers in their new filing argue OpenAI has entered into partnership agreements with media outlets abroad, but has not entered into similar deals in India, hurting the media companies.

Such conduct by OpenAI "in India betrays an inexplicable defiance of the law," the Indian media outlets' filing said.

The publishers also said OpenAI was set to become a profit-driven business benefiting from the creative works of the media industry. This would result in a "weakened press" and would not be in the best interests of a vibrant democracy, their filing said.

OpenAI made its first India hire last year when it tapped a former WhatsApp executive, Pragya Misra, to handle public policy and partnerships in the country of 1.4 billion people.

"India is really important because it's the youngest demographic in the world ... we've seen massive uptake of ChatGPT, it's almost our second largest country in terms of users outside of the US," Misra said in a recent interview with AIM TV.

OpenAI kicked off an investment, consumer and corporate frenzy in generative AI after the Nov. 2022 launch of ChatGPT. It wants to be ahead in the AI race after raising $6.6 billion last year.

(Reporting by Aditya Kalra and Arpan Chaturvedi; Additional reporting by Praveen Paramasivam; Editing by Sonali Paul and Kate Mayberry)

((Email: [email protected]; X: @adityakalra;))

Jan 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• TO RAISE FUNDS WORTH UPTO 4 BILLION RUPEES

Source text: ID:nBSE4X1bVx

Further company coverage: ZEEN.NS

(([email protected];;))

Jan 8 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - TO CONSIDER FUNDRAISING THROUGH EQUITY OR CONVERTIBLE SECURITIES

Source text: ID:nBSE29D9HJ

Further company coverage: ZEEN.NS

(([email protected];))

Oct 25 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• SEPT-QUARTER CONSOL NET LOSS 498.6 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.31 BILLION RUPEES

Source text for Eikon: ID:nBSE4TtKhS

Further company coverage: ZEEN.NS

(([email protected];;))

Oct 23 (Reuters) - India's New Delhi Television (NDTV) NDTV.NS posted its fourth-straight quarterly loss on Wednesday, as the news broadcaster's expenses surged.

The company, 64.7% of which is owned by ports-to-energy conglomerate Adani Group, reported a loss of 527.7 million rupees ($6.28 million) for the July-September quarter, compared to a profit of 59.1 million rupees in the year-ago period.

NDTV's total expenses surged 76% on the back of a jump in operating as well as production and marketing costs, as it continued to invest in newly launched TV channels and infrastructure.

The company, which runs news channels, said its revenue from operations rose 16.5% to 1.11 billion rupees in the latest quarter, attributing it to enhanced content strategy, an expanding portfolio of intellectual properties, and strategic digital initiatives.

Indian consumer good makers, who typically spend the most on advertising on television, have reined in their expenses as they grapple with muted demand for their products amid rising living costs.

That has weighed on advertising-dependent media companies.

In the past couple of weeks, Zee Enterprises ZEE.NS, which runs its eponymous TV serial and entertainment channels, posted a decline in ad revenue. Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, said its TV news ad revenue was soft during the quarter.

NDTV did not disclose its ad revenue for the quarter.

The company's shares dropped after the results, closing 0.8% lower.

Other rivals TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS are expected to post results later this month.

($1 = 84.0650 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

(([email protected]))

Oct 10 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• UNIT ENTERED INTO AGREEMENT FOR MAKING INVESTMENT IN FLUTRR DIGIMATE

• UNIT TO INVEST 37.5 MILLION RUPEES IN FLUTRR

Source text for Eikon: ID:nBSE2WKQqR

Further company coverage: ZEEN.NS

(([email protected];;))

** Shares of Zee Media Corp Ltd ZEEN.NS rise to exchange-allowed maximum of 10% to 20.75 rupees

** News channels operator ZEEN approved fund raise of 2 billion rupees

** ZEEN opened 8.1% higher and rose to 10% ahead of fund raise

** Over 66.7 mln shares traded, 6.6x 30-day avg volume

** Since proposing fund raise after market hours on Tuesday, ZEEN up 48.5%

** That has pushed ZEEN's YTD rise to 37.4%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of Zee Media Corp Ltd ZEEN.NS up 15.2% at 16.1 rupees, their biggest jump since August 2023

** Stock at its highest since Feb. 20, 2024

** News channel operator ZEEN to consider fundraise on Sept. 27, including via qualified institutional placement of shares

** Over 14 mln shares traded, 3.1x 30-day avg volume

** Stock turns YTD positive, now up 5.8% this year vs media stocks' .NIFTYMED 12.7% fall

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

Sept 24 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - TO CONSIDER RAISING OF FUNDS

• ZEE MEDIA CORPORATION - TO CONSIDER FUNDS RAISE VIA QUALIFIED INSTITUTIONS PLACEMENT, OTHER MODES

Source text for Eikon: ID:nBSE8KxQKR

Further company coverage: ZEEN.NS

(([email protected];))

Aug 7 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• JUNE-QUARTER CONSOL NET LOSS 103.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.76 BILLION RUPEES

Source text for Eikon: ID:nNSE8BdmqJ

Further company coverage: ZEEN.NS

(([email protected];))

July 3 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• MINISTRY OF CORPORATE AFFAIRS APPROVED INCORPORATION OF UNIT PINEWS DIGITAL

Source text for Eikon: ID:nBSE24SBbn

Further company coverage: ZEEN.NS

(([email protected];;))

June 26 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• GRANTED ITS APPROVAL FOR EXPLORING AVAILABLE OPTIONS FOR RAISING OF FUNDS UPTO 2 BILLION RUPEES

Further company coverage: ZEEN.NS

(([email protected];))

June 21 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSE4DyDC5

Further company coverage: ZEEN.NS

(([email protected];;))

June 13 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - APPROVED INCORPORATION OF UNIT OF COMPANY

Source text for Eikon: ID:nBSEJ9PtF

Further company coverage: ZEEN.NS

(([email protected];))

April 12 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• UNIT ENTERED INTO AGREEMENT FOR INVESTMENT OF UPTO 87.6 MILLION RUPEES IN VYOMEEN MEDIA

Source text for Eikon: ID:nBSE1L8ntc

Further company coverage: ZEEN.NS

(([email protected];))

March 29 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - APPROVED INCORPORATION/ESTABLISHING OF A UNIT IN UNITED STATES OF AMERICA

Source text for Eikon: ID:nBSEc7h9Mw

Further company coverage: ZEEN.NS

(([email protected];;))

Oct 31 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• SEPT-QUARTER CONSOL NET LOSS 307 MILLION RUPEES VERSUS LOSS 120.8 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.52 BILLION RUPEES VERSUS 1.95 BILLION RUPEES

Source text for Eikon: ID:nBSE5JP8sl

Further company coverage: ZEEN.NS

(([email protected];))

Aug 14 (Reuters) - India's market regulator on Monday barred Zee Entertainment's ZEE.NS Subhash Chandra and Punit Goenka from the boardrooms of four Zee Group companies including Zee Entertainment Ltd (ZEEL), according to an order published on the regulator's website.

The other three Zee group companies include - Zee Media Corporation, Zee Media Corp and Zee Aakash News.

According to Securities and Exchange Board of India (SEBI) Chandra and Goenka cannot be directors in any entity which is formed after merger, amalgamation of the four companies.

Thereby impacting Goenka's directorship post merger of Zee and Sony.

This is a slight variation of its previous order where SEBI had barred the duo from company boards.

In the order, Madhabi Puri Buch, chairperson, SEBI said that Goenka's conduct as Managing Director and Chief Executive Officer of ZEEL was found to in violation of norms to prevent fraud.

"His actions were in direct conflict with the interests of 96% public shareholders of ZEEL, necessitating imposition of temporary restraint on him," said Buch.

(Reporting by Jayshree P Upadhyay; editing by David Evans)

(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))

June 28 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• CO WITHDREW ITS EXPRESSION OF INTEREST FILED WITH THE CORPORATE INSOLVENCY RESOLUTION PROFESSIONAL

Source text for Eikon: ID:nBSE9FRJbl

Further company coverage: ZEEN.NS

(([email protected];))

May 2 (Reuters) - Zee Media Corporation Ltd ZEEN.NS:

• ZEE MEDIA CORPORATION LTD - APPOINTED ABHAY OJHA AS CEO

Source text for Eikon: ID:nBSE6jmRqG

Further company coverage: ZEEN.NS

(([email protected];))