'Businesses that do not yield profits will be chopped off': Zee MD unveils stringent plans after failed merger with Sony
The Economic Times said. He added, "I have committed publicly to my shareholders that in FY26, I will deliver an 18-20% EBITDA margin, which should roughly translate to over ₹2,000 crore of EBITDA on a cash basis". Further Goenka explained through "frugality, optimisation and sharp focus on quality and decisions based on the return of investment" Zee will be able to achieve ₹2,000 crore EBITDA by FY2026.
Sony challenges Zee Entertainment's plea on merger enforcement The Zee Entertainment MD added that he would "chop off" businesses that do not yield a return on investment. "I have shut down more channels than I have launched in the last 20 years since I joined. I firmly believe that if it doesn't generate profit, it doesn't belong in our portfolio," Goenka said in the ET interview.
Mint Explainer: All you need to know about the $8.5-bn Disney-Reliance merger Goenka said management will be evaluating the businesses with a final lens, determining when and how they will be shut down. On the Reliance-Disney merger, Goenka said "Competition is always welcome in our industry. I firmly believe it brings out the best in us".
The Reliance-Disney merger is great for them. But will it be for consumers? On Sebi's allegations that fund diversion by Zee promoters could be as high as ₹2,000 crore, Goenka asserted that the board has done a full audit. He said Sony did due diligence during merger talks, Grant Thornton also did a special audit, he said.
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