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/2017/02/27/pete%20%281%29.jpg?itok=JX1h2Zuu
Pete Holmes makes his way to Star World Premiere HD with 'Crashing'

Star World Premiere HD, India’s leading English entertainment channel is known for handpicking some of the most award-winning, star-studded and critically acclaimed shows on television today. Taking its entertainment quotient a notch higher, the channel that exclusively airs comedy series - Emmy...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/gaurav-banerjee%20%281%29.jpg?itok=PWD8w9tN
Star Plus Dopahar launched with original, diverse and differentiated content

MUMBAI: Star Plus has announced Star Plus Dopahar, an afternoon time-band (12:30 to 3 pm) on television, with a spectrum of original, diverse and differentiated content. In a category with fierce competition, Star Plus, as the leader, has always anchored change by redefining the rules of the game....

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/ZMCL.jpg?itok=tztHeWVf
Zee Media to seek shareholder nod to demerge DNA print business

MUMBAI: Print and TV news. For some that would make for a heady combination. But, not for the Essel group-promoted Zee Media Corp Ltd (ZMCL) which runs the Zee News channels as well as the newspaper DNA through a clutch of unlisted subsidiaries. DNA has a print edition in Mumbai and has launched in...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/BARC-Dil%20Bole%20Oberoi.jpg?itok=-FGXNpmK
Five TV shows that impressed in week 7 of BARC

MUMBAI: Indian TV audience is like the spectators who took part in deciding the fate of a gladiator who lost a duel in the infamous Roman games encouraged by many a Ceaser. Thumbs down meant death; thumbs up meant the vanquished could live on – to entertain them another day.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/Bakish-brad-800x800.jpg?itok=ARUPeulF
Viacom announces leadership transition at Paramount Pictures, CEO Brad Grey to step down

MUMBAI: Viacom Inc. has announced that Brad Grey will step down from his role as chairman and chief executive officer of Paramount Pictures. The company is commencing a comprehensive search to identify a successor, and Grey will remain at Paramount for a period to support the transition.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/25/ceo-uday_1.jpg?itok=8vKqyGy5
Conviction comes from the society & your country, says Star India's Uday Shankar, E&Y's 'Entrepreneurial CEO' award-winner

MUMBAI: "The conviction comes from the society, the world and the country you live in," Star India chairman and CEO Uday Shankar said on winning the "Entrepreneurial CEO' award of the year 2016 by EY, the consulting firm formerly known as Ernst & Young.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/25/supriya-sahu-Tan%20Boon%20Siong-800x800.jpg?itok=FWFh7bOd
Doordarshan employs German innovator for upgrading news studios

MUMBAI: India’s largest broadcast operation, Doordarshan (DD) reaches around 92% of the population and 81% of its territory. Government-funded, it is also the largest terrestrial network in the world, and among the largest in terms of studios and transmitters with more than 90 studios and relay...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/25/bedi_singh-Susan-Panuccio_0.jpg?itok=vhZlSjn5
Bedi, old-time Murdoch hand, departs News Corp

MUMBAI: News Corp has announced that Mr. Bedi A. Singh will be departing as the chief financial officer effective 1 March. Susan Panuccio, currently the chief financial officer of News Corp Australia, will become the new CFO.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/25/Untitled-1.jpg?itok=xAXnlxcy
Big Ganga shows now available on ZEEL's OZee

MUMBAI: Nowadays, a marketing strategy simply wouldn't help a television channel succeed. It would need the right distribution strategy and a worthwhile social media presence. Lately, almost all channels are extending their availability digitally. From linear feed on television to pick and choose...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories