Television

GBN, Jagran explore JV for Channel 7

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/27/Channel%207.jpeg?itok=f4__mRxV

MUMBAI: In what is an indication to the consolidation that might happen in the news space in Indian television, two TV news stations are talking to explore synergies between themselves.

Global Broadcast Network, owners of CNN IBN channel, is in talks with Jargran TV to explore whether Channel 7 can be made part of the GBN stable through a joint venture.

According to sources close to negotiations, exploratory talks are being held between Jagran TV, managers of Channel 7, and GBN for a deal wherein the management of Channel7 would lie with GBN’s promoters through an equal joint venture.

GBN is promoted by a clutch of professionals like Rajdeep Sardesai, Sameer Manchanda and Haresh Chawla along with Television Eighteen promoted by Raghav Bahl.

The talks envisage whether Channel7, a Hindi new channel started last year, could be part of the Television Eighteen Group’s bouquet of channel that include CNBC TV18, Awaaz and English-language CNN IBN.

Though the sources pointed out that initial talks might not fructify into a joint venture, the aim is to explore whether existing resources can be combined. Especially when Channel7 is a stand alone news channel in a space that has good enough competition from the likes of Aaj Tak, Star News and Zee News.

Information available with Indiantelevision.com indicates that GBN would like to have management and editorial control of Channel7, as well as responsibilities of selling ad space and marketing.

As and when the deal goes through, this could mean that GBN will have to absorb the existing manpower in Channel7, while getting control over the editorial content. The issue of the Channel7 brand name is still being discussed.

At the time of starting, GBN had stated that it's looking at a slew of channels, including those in Indian languages.

Jagran TV director Siddhartha Gupta told indiantelevision.com, "All these reports are baseless rumours. There is nothing of this sort happening." Still, Jagran Prakashan Limited CFO R K Agarwal said, "We are in talks but nothing has been finalised as at."

Television Eighteen, the majority shareholder in GBN, said it’s “against company policy to comment on market speculations.”

Jagran TV, part of the Jagran group that publishes the Dainik Jagran newspaper with over two million circulation, has said it invested close to Rs. 700 million in the television venture.

However, what can be a stumbling block in the deal going through is the foreign investment component in both Jagran TV and GBN’s major share holder Television Eighteen, which is almost close to the cap stipulated by the government.

Last year Jagran TV off loaded 25.7 per cent equity stake to the Mauritius based New Vernon Bharat Ltd.

Indian government norms for news channels state that channels uplinking from the country cannot have more than 26 per cent foreign investment, which includes foreign financial investors.

Time Warner had inked a co-branding partnership with the TV18 group for the English news channel CNN IBN in 2005, which is publicized as a service of Time Warner and TV 18.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Julia-Phelps.jpg?itok=E9GpScQg
Viacom names Julia Phelps as SVP comm & culture

Viacom Inc. has announced that Julia Phelps has been promoted to Senior Vice President, Communications & Culture. In the newly created role, Phelps will serve on the company’s senior executive team and lead corporate communications, corporate marketing and culture. Most recently, Phelps led...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Banatwalla-Shah-Hota_0.jpg?itok=39m1PqgF
Star World: Banatwalla, Shah, Hota & Prasad to battle it out in 'Game of Thrones' debate

MUMBAI: With season 7 set to launch soon, Game of Thrones fever has gripped the world yet again with fans speculating to see who will win the Iron Throne and who will die trying. Adding to this electrifying atmosphere, the country’s leading English entertainment channel, Star World will be hosting...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Sinclair_1.jpg?itok=N-JSCtdb
Sinclair Broadcast buys Bonten Media in US$ 240m deal

MUMBAI: Sinclair Broadcast Group has announced that it has entered into a definitive agreement to purchase the stock of Bonten Media Group Holdings, and Cunningham Broadcasting Corporation has entered into a definitive agreement to purchase the membership interest of Esteem Broadcasting for an...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/rama%20%281%29.jpg?itok=G_3oexD1
DD ex-presenter Pandey honoured in presence of minister & ex-Prez

Former Doordarshan and All-India Radio news reader and presenter Rama Pandey was conferred with the Vishwa Vageshwari Samman for her immense contribution to the arts in an event in Pune.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/News18-India.jpg?itok=th-FQ1Fn
Khabar Pakki Hai? verifies viral content on News18 India

MUMBAI: With the exponential growth of social media, innumerable photos, videos and stories are shared every second, but there is no way to check the authenticity of all this content. This results in a lot of misinformation impacting opinion and resultant actions by people believing these false...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/James-Bond.jpg?itok=dVadgBqC
Is Sony Pictures getting a raw deal as studios war over Bond rights?

MUMBAI: Warner Brothers, Sony Pictures, and 20th Century Fox are among the Hollywood studio majors fighting for the rights to distribute 'Bond 25'. Universal Pictures, Times and Annapurna are also warring for the rights to distribute the forthcoming James Bond movie.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/net-jeo%20%281%29.jpg?itok=r8uSHhJC
Nat Geo and Farhan team up, inspire 'water footprint' reduction

National Geographic is all set to lead the way in its endeavour to go further as a brand and inspire change.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/tv%20%281%29_0.jpg?itok=EDmHRtaI
Star World to host first live GoT debate on Facebook

With season 7 set to launch soon, Game of Thrones fever has gripped the world yet again with fans speculating to see who will win the Iron Throne and who will die trying. Adding to this electrifying atmosphere, Star World will be hosting India’s first LIVE Game of Thrones debate on Facebook to...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/carlo%20%281%29.jpg?itok=THZGMnZ0
Futureworks implements HDR and ACES

Post-production facility FutureWorks is the first in India to set up HDR (High Definition Range) grading and mastering. The post-production house recently installed Sony’s Flagship HDR Monitor BVM-X300, staying at the forefront of technology and offering the most premium.

Television Production House Post Production

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories