Ira Sohn London: Eashwar Viswanathan Krishnan, Managing Partner of Tybourne Capital Management Trade
Idea: Media within Asia, Indonesia - PT Media Nusantara Citra TBK (OTCMKTS:PTMEY), Surya Media (SCM) India - Zee Entertainment Enterprises Limited (NSE:ZEEL) (BOM:505537), Sun TV Network Ltd. (NSE:SUNTV)
Themes: Ad spending within most developed nations is around 1% of GDP per year. Within India this is only 0.3%. Pay TV penetration across Asia, with the exception of India, is relatively low. Advertising intensity is low with room to grow. Limited alternatives for mass market reach. Looking for companies with managements with skin in the game, owner operated.
Macro worries within the region are depressing valuations.
TV advertising market is growing at double-digits
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