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Maybe he sees this as the institutionalising of Zee.Hancom Office 2014 VP Viewer for Windows (XP~8 1) Hancom Office Hangul 2014 Viewer for Linux (both 32 bit and 64 bit ) Hancom Office Hangul 2014 Viewer for Mac (from the Mac Apple Store). Or about needing outside approval to run a company that was one-fifth owned by him and his family. Goenka has never discussed how he feels about losing the company that he spent so much time building. I am more into implementation, I don't get visions ( the way my dad gets)." In an interview in 2014 when I asked Goenka if things are easier or tougher because he is Chandra's son, he said, "It is tougher because we are related, there is the father-son angle, especially because he is so successful. On the film side, Zee has had a good run with Secret Superstar, Sairat among other hits.
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From just over Rs 1,950 crore (Rs 19.30 billion) in 2008, Zee is now over a Rs 7,700 crore company 'cash-spewing machine', as analysts call it.Ī fifth of all TV viewing in India is done on some or the other Zee channel in Hindi, Marathi and many other languages. Zee's turnaround was firmly attributed to Guha's acumen Goenka was just the owner's son. When Guha left in 2008, Goenka was named CEO. Star's audience share continued to tumble. Its revenues were shooting up, so too was its stock price. Zee crept up the charts and by December 2006 was a clear, fresher number two. This was the story of three sisters who, after their father's death, have to live with his rich, ruthless businessmen friend. One of the first shows from the Guha and Goenka's new team, Saat Phere, about a dark girl's travails in colour-conscious India, started airing on Zee TV in October 2005. That is when the former Times Group president (the late) Pradeep Guha joined. No one it seems could work with Chandra, a strong personality and a visionary who was wonderful in the start-up phase, but somehow couldn't get a grip on running the company. Zee TV was famous at that time for losing a CEO every year. It had built on the success of Kaun Banega Crorepati with shows such as Kahani Ghar Ghar Ki and Kyunkii Saas Bhi Kabhi Bahu Thi.
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Goenka joined Zee TV as a business head in 2004 after a longish stint at ASC Enterprises (now Dish TV).Īt that time Star dominated the ratings charts, viewership and adspend.
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How Goenka sees the coming months is not clear since he did not speak to us.īut if the past is any indication his response would have been a laconic " Dekhten hain ( let us see)." The coming ninety days will reveal the strength of the agreement as all the stuff around mergers - counter-bids, control and culture clashes - are unleashed. It looks like a win-win deal since the two firms complement each other. Sony would hold 52.93 per cent and Zee the rest in the combined, listed entity. The term sheet provides 90 days for due diligence and negotiation. Last month the Rs 5,900 crore (Rs 59 billion) Sony Pictures Networks India and the Rs 7,730 crore (Rs 77.30 billion) Zee announced that they have entered into an exclusive, non-binding agreement to merge. Two years back it was Zee that helped stave off a debt crisis brought on by investments that Chandra had made.Įver since his family lost control of the company in 2019, there has been speculation that it would be acquired by a strategic investor.Īll sorts of names - Sony, Comcast, Reliance (which owns Viacom18) - were thrown around. Goenka's ability to stay calm, however, is probably what helped Zee rise from a down-in-the-dumps broadcaster into one of the largest, steadiest and most profitable media companies in India.Įventually Zee became the crown jewel in the holding company Essel Group's portfolio.