TV18 plans weekly biz magazine

NEW DELHI: Continuing to report good financial performance, the publicly traded Television Eighteen Ltd (TV 18), the majority stakeholder in the CNBC TV18 business news channel venture, is now planning to come out with a weekly business magazine.



According to sources in the capital market, where information regarding listed companies doesn't remain a secret for long, a headhunting firm has already been mandated to identify potential people for the editorial team for the proposed business weekly.

A source told today morning, With Business India weakening as a magazine, BusinessWorld (from the ABP Group that is also a majority partner in the Star News venture) is the only business weekly at present in India. This scenario makes it ideal for another business magazine to enter the Indian market, which is what TV 18 is doing.

The likes of Business Today, from The Indian Today Group, are fortnightly products.

With cash flow not much of a problem for TV 18, the business weekly venture may cost it in the region of Rs 180- Rs 220 million, provided the company leverages its existing infrastructure (like bureau space in different cities) adequately.

The positioning of the proposed business weekly has not yet been decided , the sources said. With the financial world growing , the market can take in another magazine, but the positioning has to be made right. The TV 18 magazine can be modeled on BusinessWeek or even The Asian Wall Street Journal.

It is learnt that though the work on the magazine and some other expansion plans (a Hindi business news channel and hopping on to a DTH platform abroad) have started, the magazine, the first new venture scheduled to be off the block, would still take between three to four months time to become a reality.

The TV 18 scrip was trading today on the Bombay Stock Exchange at Rs 190.70 at 11.34 am, down 0.13 per cent from the previous closing rate of Rs 190.95. On the National Stock Exchange, the scrip was being quoted at Rs 190.65 at 11.45 am, down from the previous closing rate of Rs 191.20.

As part of the expansion plans, CNBC TV 18 is opening four more bureaus, including Kolkata, Hyderabad, Ahmedabad. The first, however, is technically being re-established as the regular bureau in Kolkata had been disbanded over an year back as part of a cost cutting exercise.

Meanwhile, negotiations are on to take an international feed of the CNBC TV 18 channel to markets like the Middle East, the UK and the US on direct-to-home platform. This plan too would take between six to eight months time.

Latest Reads
Eros International’s Marathi superhit Boyz 2 shines at the box office collecting Rs. 13 crores within 10 days of release

Eros International Media Ltd, a leading global company in the Indian film entertainment industry, has announced a very successful performance of its Marathi release Boyz 2 which has collected Rs. 13 crores within 10 days of its release on 5th October.

Television TV Channels Music and Youth
Network18 reports improved numbers for Q2 FY19

Mukesh Dhirubhai Ambani’s media arm, Network18, reported improved numbers for the quarter ended 30 September 2018 (Q2 2019, quarter under review) as compared to the corresponding year ago quarter Q2 2018). The company reported 9 per cent y-o-y growth in consolidated revenue for Q2 2019 at Rs 1,237...

Television TV Channels GECs
ZMCL reports more than quadruple profit for second quarter

The company’s consolidated operating revenue increased 35.5 per cent y-o-y in Q2 2019 at Rs 168.66 crore as compared to Rs 124.51 crore in the year ago quarter. Total income increased 34.7 per cent y-o-y in Q2 2019 to Rs 170.66 crore from Rs 126.71 crore in Q2 2018.

Television TV Channels News Broadcasting
Eros Now Partners with Celcom; Consolidates Distribution in Malaysia

Eros International Plc (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that Eros Now, its digital over-the-top distribution service

Television TV Channels Music and Youth
TV Today Network subsidiary receives IT demand notices

TV Today Network Limited (TVTN) has informed the bourses that its wholly owned non-material subsidiary India Today Online Private Limited (ITOPL) has received separate demand notices from the Income Tax department.

Television TV Channels News Broadcasting
BBC Studios India and Mindshare’s I Can You Can wins two Silvers - Best Branded Content and Best Media Strategy at the Emvies 2018

BBC Studios India and Mindshare, India’s largest media agency, announced that it has won two Silvers at EMVIES 2018

Television TV Channels News Broadcasting
NDTV launches India’s first mobile-only portrait live channel

New Delhi Television Ltd (NDTV) has launched India’s first mobile-only vertical live channel with the name NDTV HOP Live. India has nearly 432 million internet users and this number is growing at a rate of 4-8 per cent, according to Deloitte’s Technology, Media and Telecommunication (TMT)...

Television TV Channels News Broadcasting
Movies NOW, Romedy NOW and MNX celebrates this festive season with a special programming line-up

Celebrating the spirit of this festive season, Times Network's English Entertainment channels

Television TV Channels English Entertainment
Running Wild with Bear Grylls’ on Discovery channel gets extraordinary traction from advertisers

The premiere of new series Running Wild with Bear Grylls on Discovery and Discovery World HD

Television TV Channels Factual @ Discovery

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories