DOCSLIB.ORG

2021F Outlook: Adspend to Recover

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2021F Outlook: Adspend to Recover [Indonesia] Media Media (Overweight) 2021F outlook: Adspend to recover Mirae Asset Sekuritas Indonesia Christine Natasya [email protected] The Ministry of We see a neutral impact from government’s intention to convert analog into digital TV Communication and Private television broadcasters have to comply with the government’s national plan to convert Informatics targets all analog television to digital television, as stipulated in the Omnibus Law or Job Creation Bill provinces to be digital-ready (RUU Ciptakerja). In Indonesia, the use of an analog system requires TV broadcasting to use by mid-2021 328 MHz out of the entire frequency capacity of 700 MHz. A digital dividend refers to the radio spectrum which is released in the process of digital television transition. After the government’s analog switch-off (ASO) plan is accomplished, there will be savings (the so-called digital dividend) of 112 MHz which can be used for the benefit of digital transformation. That migration of TV broadcasting begins with applying digital technology to the television broadcasting system through terrestrial transmission media, which is carried out gradually and ends with the termination of the use of analog technology in the nation-wide scope. MNCN is ready to face the digitalization era as it already has transmission, studio, and other facilities. Thus, the company might not need to incur additional costs. Meanwhile, SCMA needs a small investment as the company has digitized all of its studios, cameras, and libraries and needs to spend another USD10mn for wider coverage of the digital broadcasting. We think that the digitalization era only has a minor impact on existing FTA TV players. Looking ahead, new players will have to request for a license to operate a FTA TV channel. Adspend to recover Low base of 2020; Expect a rebound in the economy in 2021F We expect the adspend growth to recover in 2021F, vs. 2020F, on the back of expectations on economic re-opening, return of sports live programmes on TV, and low base of 2020. Furthermore, the government has set the assumption of economic growth at around 5% for 2021, even though the COVID-19 pandemic will still be around. The Finance Minister, Sri Mulyani Indrawati, assessed that the trend of economic recovery will begin to show up in the fourth quarter of 2020. We predict GDP to reach 4.15% in 2021F. Maintain Overweight stance Maintain sector call at Overweight on Media sector We maintain our Overweight view on Media sector. We believe the rock bottom of ad spend has passed, precisely in 2Q20. MNCN’s FY20F EBITDA may decelerate by 3.3% YoY, but it will grow by 8.8% YoY in 2021F, in our forecast. On the other hand, SCMA’s EBITDA will grow by 10.9% YoY in 2020F due to EBITDA margin expansion this year, given the efficiencies achieved by the company. Nonetheless, we forecast both of SCMA’s and MNCN’s revenue to rise by 8.4% and 10.1% YoY, respectively, in 2021F. Meanwhile, we forecast both SCMA’s and MNCN’s net profit in 2021F to increase by 10% and 27.4% YoY, respectively. We maintain our 2020F-2022F forecasts as we expect that a re-opening of economy on vaccine hopes in 2021 should underpin FMCG consumers’ purchasing power as well as ad spend recovery. Media companies will continue to focus on their digital content by strengthening their presence in the OTT market. Regarding FTA TVs, we think rate card hikes will resume in FY21F as we believe that an economic recovery will be the next key catalyst for the sector. The downside risk is a stringent PSBB, which should lead to further weakening of adspend. Key investment metrics Target price P/E (x) P/B (x) ROE (%) ROA (%) Company Ticker Rating (IDR/share) FY20F FY21F FY20F FY21F FY20F FY21F FY20F FY21F Surya Citra Media SCMA Buy 2,100 18.5 16.8 3.6 3.0 21.8 19.5 16.4 15.3 Media Nusantara Citra MNCN Buy 1,130 5.9 4.7 0.9 0.8 13.7 14.9 9.4 10.9 Source: Mirae Asset Sekuritas Indonesia Research PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES AND DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT. November 17, 2020 Media CONTENTS The Ministry of Communication and Informatics targets all provinces to be digital- ready by mid-2021 3 Transition into digital TV 3 Expecting digital dividend because digital TV needs less spectrum 6 More investment needed but insignificant for media companies’ balance sheets 6 Adspend to recover 7 Low base of 2020; Expect a rebound in the economy in 2021F 7 Everything increasingly going digital 9 MNCN’s AVOD business model: RCTI+ 9 SCMA more skewed towards SVOD business model 12 Recommendation 14 Maintain Overweight on the sector 14 Surya Citra Media 15 Media Nusantara Citra 18 Mirae Asset Sekuritas Indonesia Research 2 November 17, 2020 Media The Ministry of Communication and Informatics targets all provinces to be digital-ready by mid- 2021 Transition into digital TV Reasons behind government’s plan of the analog switch-off (ASO) Private television broadcasters have to comply with the government’s national plan to convert analog television to digital television, as stipulated in the Omnibus Law or Job Creation Bill (RUU Ciptakerja). We believe there are several reasons behind the government’s intention to accelerate the implementation of digital television. First of all, Indonesia is lagging behind regional peers in the digital migration. Malaysia and Singapore, for example, made television fully digital in 2019; meanwhile, Japan and South Korea finished their ASOs in 2011 and 2012, respectively. Switching to digital TV is necessary as the world is moving away from analog to digital broadcasting. Secondly, in terms of quality, digital TV broadcast offers more optimal picture quality. Moreover, there is an added value from the frequency restructuring. Going digital will allow the government to free up frequency spectrum which can be used for higher quality and faster mobile services that ultimately benefit consumers. Last but not least, the government may aim for more effectiveness of broadcasting industry. Despite its more positive value added to Indonesia’s employment in the long run due to usage of frequency, the digitalization of TV industry will eventually lead to equal distribution of content and media broadcast. Figure 1. Section from Job Creation Bill Source: RUU Ciptakerja, Mirae Asset Sekuritas Indonesia Research Mirae Asset Sekuritas Indonesia Research 3 November 17, 2020 Media What is digital TV? The word “digital” refers to the way in which TV channels are broadcasted and received in population homes. A digital television transition, also called the analog switch-off (ASO) or the digital migration, is the process by which older analog television broadcasting technology is converted to and replaced by digital television. That migration of TV broadcasting begins with applying digital technology to the television broadcasting system through terrestrial transmission media, which is carried out gradually and ends with the termination of the use of analog technology in the nation-wide scope. The migration of terrestrial television broadcasting from analog technology to digital technology, as referred to in the Omnibus Law, Article 60 of the first paragraph, and the cessation of TV analog broadcast (analog switch-off) shall be completed no later than 2 (two) years from the commencement of the Act. Members of the Indonesian Private Television Association (Asosiasi Televisi Swasta Indonesia/ATVSI) will have to prepare immediately to have this migration to digital TV (ASO) as it is mandated in the Omnibus Law, which has just been signed by our President. Figure 2. Section from Job Creation Bill Source: RUU Ciptakerja, Mirae Asset Sekuritas Indonesia Research The above section from the Job Creation Bill basically states that: TV broadcasting companies must follow technological development, which includes the broadcasting migration from analog to digital technology. Migration of terrestrial television broadcast from analog technology to digital technology and the analog switch-off shall be completed within two years after the Law takes effect. Additional arrangements for broadcast migration from analog technology to digital technology will be regulated by government regulations. Mirae Asset Sekuritas Indonesia Research 4 November 17, 2020 Media Indonesia to adopt the second generation of terrestrial digital video broadcasting standard Referring to the Minister of Communication and Information’s Regulation No. 05 of 2012, Indonesia will adopt the second generation of terrestrial digital video broadcasting standard (DVB-T2), which is a development of the DVB-T digital standard, which was previously established in 2007. This means that when analog TV channels are switched off 2 years from the signing of RUU Ciptakerja (which is around October 2022), all TV channels will then broadcast in digital only by using the DVB-T2 television standard. DVB-T2 stands for “Digital Video Broadcasting – Second Generation Terrestrial”, which is an extension of the television standard, DVB-T, created for the broadcast transmission of digital terrestrial television. DVB-T2 is adopted as the industry standard in key European and Asian countries. The device offers higher efficiency, robustness, and flexibility, enabling efficient use of valuable terrestrial spectrum for the delivery of audio, video and data services to fixed, portable, and mobile devices. The Indonesian Private Television Association (Asosiasi Televisi Swasta Indonesia/ATVSI) reports that currently only 12 provinces in Indonesia have readily available digital infrastructure, while the remaining 22 provinces do not have a clear concept. Meanwhile, infrastructure development in 22 provinces is estimated to take 1-1.5 years. Figure 3. DVB-T2 Source: Ali Express, Mirae Asset Sekuritas Indonesia Research What consumers have to do Meanwhile, all Indonesian households are encouraged to switch to digital TV to continue watching free-to-air (FTA) TV channels as the analog TV signals will be switched off around the fourth quarter of 2022.
Load more

Recommended publications
  • Indonesia in View a CASBAA Market Research Report
    Indonesia in View A CASBAA Market Research Report In Association with Table of Contents 1. Executive Summary 6 1.1 Large prospective market providing key challenges are overcome 6 1.2 Fiercely competitive pay TV environment 6 1.3 Slowing growth of paying subscribers 6 1.4 Nascent market for internet TV 7 1.5 Indonesian advertising dominated by ftA TV 7 1.6 Piracy 7 1.7 Regulations 8 2. FTA in Indonesia 9 2.1 National stations 9 2.2 Regional “network” stations 10 2.3 Local stations 10 2.4 FTA digitalization 10 3. The advertising market 11 3.1 Overview 11 3.2 Television 12 3.3 Other media 12 4. Pay TV Consumer Habits 13 4.1 Daily consumption of TV 13 4.2 What are consumers watching 13 4.3 Pay TV consumer psychology 16 5. Pay TV Environment 18 5.1 Overview 18 5.2 Number of players 18 5.3 Business models 20 5.4 Challenges facing the industry 21 5.4.1 Unhealthy competition between players and high churn rate 21 5.4.2 Rupiah depreciation against US dollar 21 5.4.3 Regulatory changes 21 5.4.4 Piracy 22 5.5 Subscribers 22 5.6 Market share 23 5.7 DTH is still king 23 5.8 Pricing 24 5.9 Programming 24 5.9.1 Premium channel mix 25 5.9.2 SD / HD channel mix 25 5.9.3 In-house / 3rd party exclusive channels 28 5.9.4 Football broadcast rights 32 5.9.5 International football rights 33 5.9.6 Indonesian Soccer League (ISL) 5.10 Technology 35 5.10.1 DTH operators’ satellite bands and conditional access system 35 5.10.2 Terrestrial technologies 36 5.10.3 Residential DTT services 36 5.10.4 In-car terrestrial service 36 5.11 Provincial cable operators 37 5.12 Players’ activities 39 5.12.1 Leading players 39 5.12.2 Other players 42 5.12.3 New entrants 44 5.12.4 Players exiting the sector 44 6.
    [Show full text]
  • Bab I Pendahuluan
    BAB I PENDAHULUAN 1.1. LATAR BELAKANG Salah satu isu penyiaran yang paling sensitif sejak dikeluarkannya UU No 32 Tahun adalah masalah Sistem Stasiun Jaringan (SSJ). Di saat wacana Sistem Stasiun Jaringan LPS televisi eksisting (RCTI, SCTV, MNCTV, Indosiar, Global TV, ANTV, Trans7, Trans TV, TV One dan Metro TV), beserta polemiknya terus bergulir di ranah penyiaran Indonesia, di sisi lain, praktik Sistem Stasiun Jaringan yang berasal dari televisi-televisi non eksisting (televisi lokal), seperti SUN TV Network, Kompas TV, JTV dan Bali TV juga menjadi perhatian berbagai kalangan karena dinilai terdapat sejumlah persoalan di dalam penyelenggaraannya. Sebagai perbandingan, pada model SSJ LPS TV eksisting, sepuluh stasiun televisi swasta yang mengudara secara nasional diwajibkan mendirikan badan hukum baru, melepas stasiun relai, melepas saham secara bertahap, serta pancaran siaran tidak boleh dilakukan hanya dengan perantara stasiun relai. Di mana praktiknya, status kepemilikan LPS televisi eksisting diturunkan menjadi kepemilikan lokal untuk menciptakan diversity of ownership dan diversity of content seperti yang diamanatkan Undang-Undang, namun pada penyelenggaraan SSJ televisi non eksisting, justru sebaliknya, terjadi akuisisi dan pembelian saham televisi-televisi lokal. Grup-grup besar seperti SUN TV Network yang merupakan anak perusahaan MNC, Kompas TV dari kelompok Kompas Gramedia begitu agresif bermitra dan bersinergi dengan stasiun-stasiun televisi lokal untuk membentuk jaringan, serta memperluas daya siar ke berbagai penjuru Tanah Air. Uki Hastama, anggota dari Asosiasi Televisi Swasta Indonesia (ATVLSI), pengamat media dan konsultan televisi lokal, kepada peneliti, menyampaikan fakta tentang kondisi dunia penyiaran yang sekarang ini tengah diwarnai 1 perburuan dan persaingan untuk membeli stasiun-stasiun televisi lokal. Uki menyebut SUN TV, serta kelompok Kompas Gramedia yang akan membuat televisi jaringan KompasTV, sangat gencar meminang televisi-televisi yang memiliki Izin Penyelenggara Penyiaran (izin frekuensi) di berbagai daerah.
    [Show full text]
  • Surya Citra Media Buy (SCMA IJ) (Upgrade)
    [Indonesia] Media Surya Citra Media Buy (SCMA IJ) (Upgrade) 3Q20 Earnings review: inline with better cost TP: IDR2,100 management; Vidio’s subscribers rising Upside: 39.1% Mirae Asset Sekuritas Indonesia Christine Natasya [email protected] 3Q20 net profit in line with SCMA’s 3Q20 bottom line reaches IDR312.7bn (-7.1%QoQ, -24.3%YoY) expectation due to a lot of cost SCMA booked a net profit of IDR312.7bn in 3Q20, declining by 7.1% QoQ and 24.3% YoY. savings Cumulatively in 9M20, bottom line hit IDR913.6bn, which we deem in line, at 76% run-rate against our FY20F estimate and 83% against the consensus’ FY20F expectation. GPM in 3Q20 rose by 7.2%p YoY to 53.2%, while NPM expanded by 9.2%YoY to 25.6% as the company has been doing a lot of cost savings during the pandemic by broadcasting re-runs of programs. SCMA will gradually increase programming costs along with increased revenue and maintain margins, which is well appreciated by the market in the midst of economic turmoil. Strong IVM revenue 3Q20 revenue reaches IDR1.2tr (-19%QoQ, -26.7%YoY) Meanwhile, revenue in 3Q20 declined by 19% QoQ and 26.7% YoY to IDR1.22tr. Cumulatively in 9M20, revenue came in at IDR3.5tr (-13.5% YoY), achieving 71% and 74% of our and the consensus’ FY20F forecast, respectively. SCTV achieved net revenue of IDR1.8tr for 9M20, a decrease of 25.2% YoY, while Indosiar Visual Mandiri (IVM) achieved net revenue of IDR1.4tr, an increase of 1.8%YoY.
    [Show full text]
  • Who Owns the Broadcasting Television Network Business in Indonesia?
    Network Intelligence Studies Volume VI, Issue 11 (1/2018) Rendra WIDYATAMA Károly Ihrig Doctoral School of Management and Business University of Debrecen, Hungary Communication Department University of Ahmad Dahlan, Indonesia Case WHO OWNS THE BROADCASTING Study TELEVISION NETWORK BUSINESS IN INDONESIA? Keywords Regulation, Parent TV Station, Private TV station, Business orientation, TV broadcasting network JEL Classification D22; L21; L51; L82 Abstract Broadcasting TV occupies a significant position in the community. Therefore, all the countries in the world give attention to TV broadcasting business. In Indonesia, the government requires TV stations to broadcast locally, except through networking. In this state, there are 763 private TV companies broadcasting free to air. Of these, some companies have many TV stations and build various broadcasting networks. In this article, the author reveals the substantial TV stations that control the market, based on literature studies. From the data analysis, there are 14 substantial free to network broadcast private TV broadcasters but owns by eight companies; these include the MNC Group, EMTEK, Viva Media Asia, CTCorp, Media Indonesia, Rajawali Corpora, and Indigo Multimedia. All TV stations are from Jakarta, which broadcasts in 22 to 32 Indonesian provinces. 11 Network Intelligence Studies Volume VI, Issue 11 (1/2018) METHODOLOGY INTRODUCTION The author uses the Broadcasting Act 32 of 2002 on In modern society, TV occupies a significant broadcasting and the Government Decree 50 of 2005 position. All shareholders have an interest in this on the implementation of free to air private TV as a medium. Governments have an interest in TV parameter of substantial TV network. According to because it has political effects (Sakr, 2012), while the regulation, the government requires local TV business people have an interest because they can stations to broadcast locally, except through the benefit from the TV business (Baumann and broadcasting network.
    [Show full text]
  • PDF Hosted at the Radboud Repository of the Radboud University Nijmegen
    PDF hosted at the Radboud Repository of the Radboud University Nijmegen The following full text is a publisher's version. For additional information about this publication click this link. http://hdl.handle.net/2066/112924 Please be advised that this information was generated on 2018-07-08 and may be subject to change. Kinderen en Media in Indonesië: Industrie, Boodschap en Publiek Proefschrift ter verkrijging van de graad van doctor aan de Radboud Universiteit Nijmegen op gezag van de rector magnificus prof. mr. S.C.J.J. Kortmann, volgens besluit van het college van decanen in het openbaar te verdedigen op woensdag 9 oktober 2013 om 16.30 uur precies door Hendriyani geboren op 5 September 1976 te Jakarta, Indonesië Promotoren : Prof. dr. L. S. J. d’Haenens Prof. dr. J.W. J. Beentjes (Universiteit van Amsterdam) Copromotor : Dr. E. Hollander Manuscriptcommissie : Prof. dr. C. J. Hamelink (Vrije Universiteit Amsterdam) Prof. dr. J. L. H. Bardoel Prof. dr. J. M. A. M. Janssens Kinderen en Media in Indonesië: Industrie, Boodschap en Publiek/Hendriyani Sociale Wetenschappen, Radboud Universiteit Nijmegen, Proefschrift ISBN 978-94-6191-826-0 © Hendriyani Alle rechten voorbehouden. Niets uit deze uitgave mag worden verveelvuldigd, opgeslagen in een geautomatiseerd gegevensbestand, of openbaar gemaakt, in enige vorm of op enige wijze, hetzij elektronisch of mechanisch, door fotokopieȅn, opnamen, of op enige andere manier zonder voorafgaande schriftelijke toestemming van de auteur. Children and Media in Indonesia: Industries, Messages, and Audiences Doctoral Thesis to obtain the degree of doctor from Radboud University Nijmegen on the authority of the Rector Magnificus prof. dr.
    [Show full text]
  • Bab 2 Industri Dan Regulasi Penyiaran Di Indonesia
    BAB 2 INDUSTRI DAN REGULASI PENYIARAN DI INDONESIA 2.1. Lembaga Penyiaran di Indonesia Dalam kehidupan sehari-hari, istilah lembaga penyiaran seringkali dianggap sama artinya dengan istilah stasiun penyiaran. Menurut Peraturan Menkominfo No 43 Tahun 2009, yang ditetapkan 19 Oktober 2009, lembaga penyiaran adalah penyelenggara penyiaran, baik Lembaga Penyiaran Publik, Lembaga Penyiaran Swasta, Lembaga Penyiaran Komunitas, maupun Lembaga Penyiaran Berlangganan yang dalam melaksanakan tugas, fungsi dan tanggungjawabnya berpedoman pada peraturan perundangan yang berlaku. Jika ditafsirkan, lembaga penyiaran adalah salah satu elemen dalam dunia atau sistem penyiaran. Dengan demikian walau lembaga penyiaran bisa dilihat sebagai segala kegiatan yang berhubungan dengan pemancarluasan siaran saja, namun secara implisit ia merupakan keseluruhan yang utuh dari lembaga-lembaga penyiaran (sebagai lembaga yang memiliki para pendiri, tujuan pendiriannya/visi dan misi, pengelola, perlengkapan fisik), dengan kegiatan operasional dalam menjalankan tujuan-tujuan penyiaran, serta tatanan nilai, dan peraturan dengan perangkat-perangkat regulatornya. Sedangkan stasiun penyiaran adalah tempat di mana program acara diproduksi/diolah untuk dipancarluaskan melalui sarana pemancaran dan/atau sarana transmisi di darat, laut atau antariksa dengan menggunakan spektrum frekuensi radio melalui udara, kabel, dan/atau media lainnya untuk dapat diterima secara serentak dan bersamaan oleh masyarakat dengan perangkat penerima siaran. Sedangkan penyiaran adalah kegiatan pemancarluasan
    [Show full text]
  • Olygopoli, Kepemilikan Media Dan Kebijakan Negara
    OLYGOPOLI, KEPEMILIKAN MEDIA DAN KEBIJAKAN NEGARA Oleh: Arsam Dosen Tetap STAIN Purwokerto Abstrak Salah satu dari ciri ciri persaingan pasar oligopoly adalah hanya ada beberapa pengusaha yang membuat barang atau jasa yang pada dasarnya hampir sama, kemudian para pengusaha yang hanya sedikit itu sangat tergantung antara satu dengan yang lain jika yang satu terlalu maju, yang lain akan tergeser. Inilah yang terjadi di Indonesia dimana media massa hanya dikuasai oleh empat kelompok besar yaitui PT. Bimantara Citra Tbk, Kompas Gramedia Group, Media Group dan Jawa Pos Group, sehingga pemerintah Indonesia mengambil keputusan dengan membuat peraturan berkaitan dengan kepemilikan media, yakni pemerintah membatasi kepemilikan media serta membatasi kepemilikannya terhadap media massa, agar media tidak dikuasai oleh segelintir orang saja. Sejak era Reformasi meluncur di Indonesia, media bermunculan secara amat tinggi. Namun demikian, media massa tetap dikuasai oleh segelintir orang saja seperti PT. Bimantara Citra Tbk, Kompas Gramedia Group, Media Group dan Jawa Pos Group. Kata Kunci : Kepemilikan, Oligopoly, dan Negara A. Pendahuluan. Kepemilikan media massa di Indonesia cendrung kerah pada praktik oligopoly dan monopoli. Salah satu indikasi bahwa praktik oligopoly dan monopoli terhadap media massa di Indonesia dapat dilihat dari kepemilikan media yang hanya dimiliki oleh mereka yang memiliki banyak modal dan dikuasai oleh segelintir orang, serta mereka yang memiliki media lebih dari satu atau dua keatas. AT-TABSYIR, Jurnal Komunikasi Penyiaran Islam 149 Arsam Indikasi lainnya adalah bahwa dengan munculnya satu surat kabar yang kuat di suatu kota, kemudian surat kabar tersebut menerbitkan lagi surat kabar-surat kabar lainnya dikota yang sama, baik harian maupun mingguan. Kasus seperti ini terjadi misalnya di Jakarta, Bandung, Surabaya, Medan dan Ujung pandang.
    [Show full text]
  • Fungsi Rajawali Citra Televisi Indonesia (RCTI) Dalam Membentuk Ruang Publik
    ISSN: 23389176 Channel, Vol. 3, No. 1, April 2015, hal. 15-22 Diterbitkan oleh Fakultas Sastra dan Budaya Universitas Ahmad Dahlan Yogyakarta Fungsi Rajawali Citra Televisi Indonesia (RCTI) dalam Membentuk Ruang Publik Oleh: Choirul Fajri, S.I.Kom, M.A Dosen Program Studi Ilmu Komunikasi Universitas Ahmad Dahlan ([email protected]/089671901055) Abstrak Lembaga penyiaran memiliki peran bagi terbentuknya ruang publik, yang dapat mendorong adanya partisipasi masyarakat untuk menyalurkan aspirasi guna mengkritisi sebuah isu-isu sosial. Rajawali Citra Televisi Indonesia (RCTI) sebagai sebuah lembaga penyiaran televisi swasta pertama di Indonesia, tentu diharapkan juga memiliki fungsi untuk terciptanya ruang publik, akan tetapi berdasarkan pengamatan penulis program-program di RCTI saat ini masih lebih banyak didominasi dengan program-program yang bersifat hiburan tanpa mengindahkan nilai-nilai edukasi. Program berita yang ada di RCTI juga belum mengarah pada terciptanya ruang publik, di mana hanya sebatas memberikan informasi semata tanpa adanya interaktivitas dengan masyarakat untuk ikut memberikan aspirasi/tanggapan terhadap pemberitaan tersebut. Kesadaran dari pemilik media untuk memproduksi program interaktif guna mendorong terciptanya ruang publik sangat diperlukan, namun masyarakat sendiri juga mempunyai andil bagi terciptanya ruang publik di media. Kata Kunci: Ruang Publik, Lembaga Penyiaran, dan RCTI. A. Latar Belakang Ruang publik (public sphare) merupakan suatu tempat bagi publik untuk melakukan diskusi yang rasional, membentuk opini mereka serta menjalankan pengawasan terhadap pemerintah. Adanya ruang publik berarti memberikan suatu kebebasan bagi masyarakat untuk dapat mengaktualisasikan dirinya sendiri tanpa harus takut dengan kekuatan-kekuatan politik, ekonomi ataupun budaya. Sebagaimana diungkapkan oleh Habermas, ruang publik adalah tempat warga berkomunikasi mengenai kegelisahan-kegelisahan politis warga. Selain itu ruang publik merupakan suatu sarana di mana masyarakat bebas dalam menyatakan sikap dan argumen terhadap negara atau pemerintah.
    [Show full text]
  • Capitalism Vs Business Ethics in Indonesia's Television
    SEA - Practical Application of Science Volume VI, Issue 16 (1 / 2017) Rendra WIDYATAMA Károly Ihrig Doctoral School of Management and Business University of Debrecen, Hungary Communication Department University of Ahmad Dahlan, Indonesia Case CAPITALISM VS BUSINESS ETHICS IN Study INDONESIA’S TELEVISION BROADCASTING Keywords Television Business, Capitalism, Business ethics, Broadcasting License, Broadcasting Guidelines JEL Classification D22; L50; L82; M20; P12 Abstract Generally, in every country, there is supervision of the television broadcasting system. In Indonesia, all television broadcasting is supervised by the Komisi Penyiaran Indonesia/KPI (Indonesian Broadcasting Commission). This commission oversees broadcast television, to ensure all TV broadcasts in Indonesia comply with government regulations. Often the KPI imposes sanctions, but frequent violations still occur. This article describes the results of research on the contradiction between business interests and ethics in the television industry in Indonesia. This study uses the method of evaluation research, where researchers analyze data, here in the form of sanctions documents released by broadcasting commissions. The results reveal that all national private television stations often violate regulations. They prioritize their business interests rather than follow broadcasting guidelines, especially since KPI does not have the full authority to grant and revoke a broadcasting license. The granting and revocation of permits remains under the authority of the government, where political lobbying plays a more significant role. 27 SEA - Practical Application of Science Volume VI, Issue 16 (1 / 2017) INTRODUCTION liberal economic tradition such as America does not provide the business arrangements for Each country has its own system to manage the television to broadcast using market mechanisms television broadcasting business.
    [Show full text]
  • RE-ENVISIONING MATERNAL and NEWBORN HEALTH in INDONESIA How the Private Sector and Civil Society Can Ignite Change Suggested Citation: Rajkotia, Y., J
    October 2016 RE-ENVISIONING MATERNAL AND NEWBORN HEALTH IN INDONESIA How the Private Sector and Civil Society Can Ignite Change Suggested citation: Rajkotia, Y., J. Gergen, I. Djurovic, S. Koseki, M. Coe, et al. 2016. Re-envisioning Maternal and Newborn Health in Indonesia: How the Private Sector and Civil Society Can Ignite Change. Washington, DC: Palladium, Health Policy Plus. ISBN: 978-1-59560-146-9 Health Policy Plus (HP+) is a five-year cooperative agreement funded by the U.S. Agency for International Development under Agreement No. AID-OAA-A-15-00051, beginning August 28, 2015. HP+ is implemented by Palladium, in collaboration with Avenir Health, Futures Group Global Outreach, Plan International USA, Population Reference Bureau, RTI International, the White Ribbon Alliance for Safe Motherhood (WRA), and ThinkWell. Re-envisioning Maternal and Newborn Health in Indonesia How the Private Sector and Civil Society Can Ignite Change OCTOBER 2016 This publication was prepared by Yogesh Rajkotia,1 Jessica Gergen, 1 Iva Djurovic, 1 Sayaka Koseki,2 Martha Coe,1 Kebba Jobarteh, 1 Carol Miller,2 and Sujata Rana2 of the Health P olicy Plus project. 1 ThinkWell, 2 Palladium The information provided in this document is not official U.S. Government information and does not necessarily represent the views or positions of the U.S. Agency for International Development. CONTENTS List of Figures and Tables ......................................................................................................... iv Acknowledgments .....................................................................................................................
    [Show full text]
  • PT. MEDIA NUSANTARA CITRA Tbk DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
    PT. MEDIA NUSANTARA CITRA Tbk DAN ENTITAS ANAK/AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS 31 MARET 2016 DAN 31 DESEMBER 2015 SERTA PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2016 DAN 2015 MARCH 31, 2016 AND DECEMBER 31, 2015 AND FOR THREE MONTHS PERIOD ENDED MARCH 31, 2016 AND 2015 PT. MEDIA NUSANTARA CITRA Tbk PT. MEDIA NUSANTARA CITRA Tbk DAN ENTITAS ANAK AND ITS SUBSIDIARIES DAFTAR ISI TABLE OF CONTENTS Halaman/ Page SURAT PERNYATAAN DIREKSI DIRECTORS’ STATEMENT LETTER LAPORAN KEUANGAN KONSOLIDASIAN – Pada CONSOLIDATED FINANCIAL STATEMENTS - As of tanggal 31 Maret 2016 dan 31 Desember 2015 March 31, 2016 and December 31, 2015 and for serta untuk periode tiga bulan yang berakhir three months period ended March 31, 2016 and 2015 31 Maret 2016 dan 2015 Laporan Posisi Keuangan Konsolidasian 2 Consolidated Statements of Financial Position Laporan Laba Rugi Komprehensif Konsolidasian 4 Consolidated Statements of Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian 5 Consolidated Statements of Changes in Equity Laporan Arus Kas Konsolidasian 6 Consolidated Statements of Cash Flows Catatan atas Laporan Keuangan Konsolidasian 7 Notes to Consolidated Financial Statements PT. MEDIA NUSANTARA CITRA Tbk DAN ENTITAS ANAK PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 MARET 2016 DAN 31 DESEMBER 2015 MARCH 31, 2016 AND DECEMBER 31, 2015 (Angka dalam tabel dinyatakan dalam jutaan Rupiah) (Figures in tables are
    [Show full text]
  • Menggali Kebijakan Penyiaran Digital Di Indonesia Nur Malik Maulana Magister Ilmu Komunikasi, Universitas Diponegoro, Jalan Erlangga Barat VII No
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by UPN (Universitas Pembangunan Nasional) Veteran Yogyakarta: Portal Journals Menggali Kebijakan Penyiaran Digital di Indonesia Nur Malik Maulana Magister Ilmu Komunikasi, Universitas Diponegoro, Jalan Erlangga Barat VII No. 33 Semarang 50241, Indonesia Email: [email protected]* *corresponding author Abstract Digitizing broadcasting is a necessity that brings a new era of broadcasting in Indonesia. Digital technology is the right solution in overcoming the frequency limitations in analog broadcasting, but until now Indonesia has not yet realized digital broadcasting because there is no legal umbrella governing it and Law No.32/2002 on Broadcasting does not yet contain these rules. This research aims to provide policy ideas and regulations on digital broadcasting that should be made by the government. This research method is a documentation or library study by looking at data derived from several regulations on digital broadcasting in Indonesia and several related articles. The results showed a process of mutual influence between the agent and the structure behind the making of broadcasting digitalization regulation which is illustrated by the attraction of very strong interests between the interests of the public, capital owners, and the government. The choice of the multiplexing model used for digital broadcasting has been a heated debate. Single multiplexing is the most appropriate model to use. The control of frequency by the government creates the public sphere (public sphere) which contains a balance between private and public interests. So that the ideals of broadcasting with a diversity of ownership and diversity of content can be realized.
    [Show full text]