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/2018/02/23/bbc.jpg?itok=9DZqDrRf
BBC News invests in VR documentary series

Hotly tipped as one of the digital trends to look out for in 2018, virtual reality (VR) has made significant steps towards becoming a more integrated offering from BBC News. The BBC is investing in bringing its award-winning journalism to audiences seeking new experiences by launching a VR...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/u-cypher.jpg?itok=2BlC65s-
U Cypher with MTV: a stunnig finale concludes with team yakshas taking the inaugural season's title

Boosting the E-Sports scene in India, the intense, gruelling 34-day U Cypher championship finally ended with team Yakshas bagging top honours. They defeated the Sherdils in a thrilling match that went into overtime

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/phero.jpg?itok=fVblOXVn
Sony SAB launches Saat Phero Ki Hera Pherie

‘Men are from Mars and Women are from Venus’ is not just a famous book title but has become a catchphrase which truly illustrates the behavioral differences between men and women. The two genders can be poles apart in the way they think or emote. Sony SAB’s new show Saat Phero Ki Hera Pherie...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/Untitled-1.jpg?itok=-HY_PRCd
Crime reality shows maybe doing more harm than good

The darker genres of storytelling such as thriller, crime and horror have hooked viewers for years. Though at times gory, viewers gulp down crime stories if they are crafted with an element of fun. But a rise in criminals imitating scenes from shows has led people to blame both Bollywood and TV...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/chrome.jpg?itok=TMMjv7Nc
Chrome DM bags election count and analysis forthe upcoming elections in Meghalaya,Tripura, Nagaland

Chrome Data Analytics and Media – India’s largest primary research and data analytics company – has bagged the tender for covering and analysing the counting of polls in the North-Eastern states of Meghalaya, Tripura and Nagaland for the Doordarshan channel. This marks the foray of the company in...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/reham.jpg?itok=3Ylaggn7
Communication of Reham Khan's exclusive interview with WION

Imran khan's ex-wife has spoken exclusively to WION on his recent remarriage. Reham Khan who was Imran Khan's second wife, told WION from her home in London that 'Imran Khan's latest marriage is a political misadventure, those who seek power need to make good judgements'. Imran khan tied the knot...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/Girona.jpg?itok=6tQcRCA4
New local rivalry comes to La Liga as Girona debut at Camp Nou

History will be made Sunday afternoon as Girona visit neighbours Barcelona for the first playing of a new Catalan derby – while the LaLiga weekend also sees potentially exciting clashes in the battle for European qualification places and against relegation.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/budbak.jpg?itok=lreKH4Cv
Bandbudh aur Budbak helps catapult Discovery Kids ratings by 112%

Discovery Kids’ new show Bandbudh aur Budbak has helped in propelling the TV ratings of the channel to a historic high in the country. Discovery Kids garnered 17,479 GTVTs* for week 7 as per BARC (Age group 2-14

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/mnx.jpg?itok=IFsOhyA_
Binge on your favourite movies with 'Anthology Weekends' on MNX

Mumbai: When it comes to movies, we all have our favourites we love to binge watch! Offering its viewers their favorite movie franchise, MNX, the new age Hollywood channel for Young India from Times Network, presents a series of cult classics titled ‘Anthology Weekends’, every weekend, until March...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories