92 News
92 News comes with an interesting background to its title. The channel’s founding owners decided to name it ‘92 News’ for two things whose numericals coincide: the country code for Pakistan is ‘92’ while the country won the cricket world cup in 1992. The owners say ‘92’ became an inevitable title for their news channels when these two points came up in their brainstorming.
92 News lay claim on being the most sophisticated in terms of using broadcast technologies for the entire broadcast spectrum in the country. They claim they are the first HD channel in the country as well as the first to use ‘hologram technology’ that allows their viewers to view their video content in 3D and also the first to employ Dolby digital audio for their transmissions. They also operate the first 360-degree virtual news studio and augmented newsroom used by any TV channel in Pakistan.
92 News also run a parallel broadcast business in the UK where they operate the ‘92 News UK Beam’ service. The company that owns 92 News also branched into print media in 2017 by launching the 92 Roznama Urdu-language daily newspaper and into online media earlier in 2015.
Audience Share
3%
Ownership Type
Private
Geographic Coverage
International
Content Type
Free to air
Media Companies / Groups
Glaxy Broadcasting Network
Ownership Structure
92 News is owned by the Glaxy Broadcasting Network Private Limited the shares of which are divided among the Mian brothers as follows, Mian Muhammad Hanif with 33.98%, Mian Muhammad Usman with 33.01% and Mian Muhammad Rasheed with 33.01%. Therefore, the Mian family controls 100% of the company.
Voting Rights
Missing Data
Individual Owner
General Information
Founding Year
2015
Affiliated Interests Founder
is the chairman of 92 News and elder scion of the Mian family, a prominent industrialist family based in Pakistan’s industrial heartland of Faisalabad in Punjab province. They did not have experience in media before launching 92 News and making Hanif its chairman. Hanif is co-owner of the prominent Madinah Group of industries that have a string of businesses including an oil refinery, sugar mill, cooking oil (with the famous Kisan Ghee brand) and medical and education businesses comprising a private medical university, University of Faisalabad, and Madinah Teaching Hospital, among others.
Affiliated Interests Ceo
the CEO of 92 News is the younger brother of Mian Hanif. He is the co-founder of the Madinah Group of industries. He did not have experience in media before both created Galaxy Broadcasting (Pvt) Ltd and launching 92 News TV channel as well as 92 Roznama daily newspaper.
Affiliated Interests Editor-In-Chief
Missing Data
Affiliated Interests other important people
is the son of Muhammad Saleem, the co-founder of Madinah Group of Companies and a nephew of Muhammad Hanif and Muhammad Rasheed. Little public information is available about him but like his uncles he has no prior experience in media.
Contact
92 News, Bhubtian Chowk,
Near Habib Metro Bank, Raiwind Road, Lahore
Tel.: 92-42-35459811-5
Email: info@92newshd.tv
Website: 92newshd.tv
Financial Information
Revenue (in Mill. $)
USD 3.54 Million / PKR 373 Million (2016-17)
Operating Profit (in Mill. $)
USD 0.38 Million / PKR 40 Million (2016-17)
Advertising (in % of total funding)
Missing Data
Market Share
Missing Data
Further Information
92 News celebrates its fourth anniversary (2019), 92 News, Accessed on March 21, 2019
Meta Data
The company was sent information request on 15.01.2019 through a courier company as well as by email. The company did not respond even after a reminder was couriered on 01.02.2019 and emailed on 04.02.2019 but the information was not forthcoming. The company does not have online presence. Financial information has been obtained from a report for 2017 submitted by the company to the SECP. The average exchange rate (105) of the Central Bank of Pakistan for the year 2017 was used to covert PKR into USD.
