Tough 4 years for Star

Rupert Murdoch-promoted Star Group will take at least four years to cross the $120-million-mark in operating income that it commanded till 2006. Star lost its prime position due to a sustained dip in income from its Indian and Asian operations.

Star’s operating income dropped almost 30 per cent year-on-year to $91 million for the financial year ended June 2007. In India, the Star Group operates 14 channels, with Star Plus being the leading entertainment channel. It is in the process of launching a regional language channel soon.

According to the latest report prepared by Media Partners Asia (MPA), an independent international media research agency, Star’s operating income will be $122 million in June 2011, implying an eight per cent compounded annual growth rate (CAGR) from FY07.

Courtesy – MPA & BS