Zee is best partner for growth: Chris McDonald

14 November 2006

Taj TV has chosen a partner that's best for its future growth says Chris McDonald, CEO of Abdul Rahman Bukhatir's Taj TV. CNBC-TV18 shares with domain-b its exclusive interview with McDonald:

After wavering between Zee and Sony, Ten Sports finally sold controlling interest to Zee in a cash deal worth over Rs256.6 crore.

CEO of Taj TV, Chris McDonald believes the company has chosen a partner that's best for its growth in the future of the business. He gives his view on this partnership, along with the numbers that the company is targeting for the future.

CNBC-TV18 shares with domain-b its exclusive interview with McDonald:

Could you break your revenues and EDITDA levels? Where did the $50-60 million revenues per year come in for Taj TV or Ten Sports today? Are you likely to operate on these kind of EBITDA margins over the next two years?
Actually, we are very confident and comfortable with the numbers that have been released. $50 million to $60 million is correct in terms of top line of revenue and $14-$15 million EBITDA over the next several years.

Of course, India is an important source of revenue for us in both advertising and subscription, but our business is drawn from many countries. We are basically on air from Japan, although it is the Middle East subcontinent, into continental Europe and North Africa and Middle East.