HT Media found its beginning in 1924 when its flagship newspaper,
Hindustan Times was inaugurated by Mahatma Gandhi. HT Media (BSE, NSE) has today grown to become one of India's largest media companies. It is Produced by an editorial team known for its quality, innovation and integrity, Hindustan Times (English newspaper) and Hindustan (Hindi newspaper through a subsidiary Hindustan Media Ventures Limited), have a combined daily readership base of 12.7 million (based on round 2 of Indian Readership Survey 2009) to their credit. Cont HT Media operates 19 printing facilities across India with an installed capacity of 1.5 million copies per hour. HT Media consulting partnership with Virgin Radio, has launched the FM radio channel - Fever 104. Currently available in Delhi, Mumbai, Bangalore and Kolkata, Mumbai and Bangalore at No. 1 and in Delhi as the No. 2 station on the popularity charts. Hindustan Times made a successful entry into the commercial capital of India Mumbai, in July 2005.
Overview Name of company: - HT Media Ltd Area of location: - Devnandan Mall, Near Alis Bridge Year of Establishment: - 1974 Registered office: -Hindustan Times Head Office Hindustan Times House 18 - 20, K G Marge New Delhi - 110001, India Tel : +91 11 23361234 Fax : +91 11 23704600
Cont Form of organization: -Limited Website: - www. Live Mint.com Chair Person: - Sobhana Bhartia Accounting year: - April to march
Literature review Work done by Berry, Brodeur between 1990 and 1998 defined ten 'Quality Values' which influence satisfaction behavior, further expanded by Berry in 2002 and known as the ten domains of satisfaction. These ten domains of satisfaction include: Quality, Value, Timeliness, Efficiency, Ease of Access, Environment, Inter-departmental Teamwork, Front line Service Behaviors, Commitment to the Customer and Innovation. These factors are emphasized for continuous improvement and organizational change measurement and are most often utilized to develop the architecture for satisfaction measurement as an integrated model.
Cont Work done by Parasuraman, Zeithaml and Berry between 1985 and 1988 provides the basis for the measurement of customer satisfaction with a service by using the gap between the customer's expectation of performance and their perceived experience of performance. Perceived service quality is the degree and direction of discrepancy between customers service perceptions and expectations (Sasser, Olsen, and Wyckoff 1978, Zeithaml and Parasuraman 2004). While multiple interpretations of expectations have emerged in service quality research as they have in customer satisfaction research.
Research Methodology OBJECTIVES OF RESEARCH: To find out the positioning of MINT in the Ahmedabad city To know the perception of the customers To increase the market share of MINT by providing sales promotion schemes To make aware about MINT to the new customers in the market DATA SOURCES 1. Primary data collection through questionnaire 2. Secondary data collection through journals, magazines. Cont TYPE OF RESEARCH Descriptive RESEARCH INSTRUMENT Questionnaire SAMPLING TECHNIQUE Random Sampling (Stratified random sampling )
Cont Which Financial Newspaper do you read?
Mint 29% Economice times 19% Busuness standard 27% Business line 17% Financial express 8% Financial News paper Do You Read Mint Economice times Busuness standard Business line Financial express Interpretation Through this graph we can interpret that the preference of newsreaders is more towards Economic Times than others i.e., 19% and respectively the acceptance of Business Standard is of 27%, after that comes The Financial Express which is having the share of 8% of the total readers, then comes the Business Line with a total of 17% of the market capture, where Mint comprises of 29% of total readership base out of the customers which I have surveyed.
Hypothesis testing Chi square -: Goodness of fit expected. Step -:1 Ho-: The observed readership ratio from this research is the same as the readership ratio of past research H1-: The observed readership ratio from this research is not the same as the readership ratio of past research. Step -: 2 The statistical test being used is. Chi-square test () = (Oi Ei )2 / Ei Degree Of Freedom (df) = n-1 Where, Oi = Observed Frequency Ei = Expected Frequency Step -: 3 Let = 0.05
Cont Step -:5 The observed value gathered in the sample data from the table.
CRITERIA Oi Ei Mint 29 20 Economic times 19 20 Business standard 27 20 Business line 16 20 Financial express 6 20 TOTAL - - Cont Step -:6 The chi-square goodness of fit can then be calculated as shown in table.
CRITERIA Oi Ei Oi - Ei (Oi Ei)2 / Ei Mint 29 20 9 4.05 Economic times 19 20 -1 0.05 Business standard 27 20 7 2.45 Business line 16 20 -4 0.8 Financial express 6 20 -14 9.8 TOTAL - - - 17.15 Cont Formulae:
Formula for Expected Value = Total No. of Samples / Total No. of Criteria = 100 / 5 = 20 Formula for Observe Value = Percentage Value of Related Criteria out of 100 Samples.
Step -: 7 Because the observed value of chi-square of 17.15 is greater than the critical table value of 9.4877 the store manager will except the null hypothesis.
Cont Which Thing do you look into while purchasing a Financial Newspaper?
Content 64% Language 26% Paper quality 5% Price 3% Blanks 2% Thing do you look into while purchasing Financial Newspaper? Content Language Paper quality Price Blanks Interpretation As I have done the survey of people they mostly focus on language as there are many complex words to understand those in financial paper it is very difficult. As the class-A people who are C.A., Lawyer, Doctors, and Brokers they can read English easily so they more focus on the content of the newspaper. And the people who find the content good they can also satisfied with the quality of the paper and also they will not look into the price factor whether it is high or low.
Cont Do you find content of MINT more preferable than other newspapers?
78, 78% 18, 18% 4, 4% you find content of MINT more preferable than other newspapers? Yes NO Nill Interpretation In todays era people are so busy that they have no time to read detail news, so the content provided by newspapers should be in short and sweet that any person can easily understand, and as Mint is providing the information more graphically rather than theory detail. So as they are satisfied with the graphical information and so the ratio is more in content reading. The people who like to read long news and dont understand graphs are very few.
Findings Most of the readers agree that the language used in MINT is simple for them. The supplements of MINT are fairly popular amongst target audience which is good for the brand. News channels and Internet media has affected the reading pattern of the readers up to a considerable extent. Lack of airline industry news as well as local NEWS also. Agriculture industry news is not provided. Service problem is the main problem with NEWSPAPER, because in our survey I met so many people who did not get newspaper on daily basis in initial stages. There is also one finding that font size of stock market related news is very small so that they are not happy with it. Some clients said that whatever hidden news shown by ET, other NEWS papers that news are not covered by MINT.
Conclusion The market survey resulted into following conclusion: As there are many strong competitors in the market like Economic times, Business Standard, Financial Express. So to reduce the competition MINT must use aggressive selling techniques. People are mostly satisfied with the product but they must give quality services to those customers who are not satisfied and also do the sales promotion schemes to increase the sales.
Mint is growing in the media market tremendously. The finance news provided by Mint is convenient and easy to understand in language. It is now no. 2 in finance sector newspaper because of its marketing techniques and better customer profiling. One can feel proud to do internship in Mint. It is one best medium to improve our marketing skills of a person.
Bibliography Book References By Kotler Philip, Keller Kevin Lane, Koshy Abraham, Zha Mithileshwar, Marketing Management (Twelfth Edition), Pearson Education Ltd. By Cooper Donald P., Schindler Pamela S., Business Research Method (9th Edition), Tata-McGraw Hill Publishing Co. Ltd. Web References: www.htmedialtd.com www.livemint.com www.indiannewspaper.com Search Engine: www.google.com www.wikipeiia.com www.mypdfsearch.com