Zee Entertainment (Zee) reported a weak set of numbers as ad revenue decline percolated to the EBITDA and bottomline. Overall revenues came in at | 2049 crore, down 5.5% YoY, impacted by advertisement revenues, which declined 15.8% YoY. Domestic ad declined steeply by 15.7% YoY owing to conversion of FTA channels into paid, high base and overall weakness in ad environment due to macroeconomic challenges. Overall subscription revenues grew 15.4% YoY, led by 21.7% YoY growth in domestic subscription to | 632 crore, driven by tailwinds of NTO. EBITDA...