Television

Star likely to have several partners for news venture

NEW DELHI: Star India is looking at forming a new company with multiple Indian partners, whose shareholding would total up to 74 per cent, in a bid 

to continue uplinking news content for Star News from India.

The Rupert Murdoch company is said to be about 10 days away before the final structure emerges. The new entity would then seek fresh government clearances for uplinking, ahead of a 90-day deadline given by the government in the third week of March.

The capital base of the company is also being sought to be kept within Rs 100 million limit.

India-registered Television Eighteen Ltd. today announced a restructuring vis-?-vis foreign partner's shareholding to comply with Indian government rules.

According to sources in the broadcast industry and in the world of finance, Star is looking at atleast seven Indian partners. This way, no single individual Indian shareholder would hold more than 26 per cent equity stake that Star is allowed to hold as per the Indian government stipulations in cases regarding news channels desirous of uplinking from the country.

One of the prospective Indian partners is AV Birla group, which reportedly has been offered up to 25 per cent stake in the proposed company for news.

The sources said that there would be another outfit that is likely to be given up to 25 per cent equity stake, while another 24 per cent stake may be divided amongst several Indians. Star would hold 26 per cent stake.

DSP Merrill Lynch has been mandated by Star India to hunt for prospective partners.

There is also a likelihood that people who are made shareholders of the remaining 24 per cent stake include Indian friends and associates of Star, the number of that is sizeable, including some of those who make programmes for Star.

Though Star India CEO Peter Mukerjea refused to comment on Star News' restructuring and shareholding pattern, he did admit that they are "not very far off from completing the whole exercise."

Meanwhile, the AV Birla group that, according to a newspaper report, has been offered up to 25 per cent stake in the news venture has not denied the report that said it is up to the diversified Indian group to take a decision after consulting its board members.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/steve1.jpg?itok=Z86RBizl
MN+ celebrates Steven Soderbergh this month!

MUMBAI: 'Director's Cut', the flagship property of MN+, is preparing to treat its viewers with an exhilarating line-up of gold class Hollywood movies by the Oscar Award winning director 'Steven Soderbergh'. The ongoing property will air some of the finest works of Steven from 10 December, 2016,...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Dance%20Singapore%20Dance_0.jpg?itok=m5uCpty4
Sheriden, Sufri emerge winners of Dance Singapore contest

MUMBAI: The second season of Dance Singapore Dance on Zee TV APAC comes to an end with a spectacular grand finale. Sheriden Newman, 29, danced her way to victory after emerging as thewinner of Season 2. Sheriden, 29, a dance graduate from Queensland University of Technology outperformed over 200...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Discovery-800x800.jpg?itok=zedEwSn7
Discovery's 'Jawai: India's Leopard Hills' wins at Asian Television Academy

MUMBAI: Discovery India’s production Jawai: India’s Leopard Hills has won the Best Natural History / Wildlife Programme at the prestigious Asian Television Academy Awards 2016, held in Singapore. Produced by Robin Roy Films, Jawai: India’s Leopard Hills combines state-of-the-art technology and...

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/NaomiCampbell-800x800.jpg?itok=R2oPtlGa
Fox Life brings supermodel Naomi Campbell in 'The Face' series

MUMBAI: Fox Life is all set to become the latest destination for high fashion as it launches a thrilling reality TV series The Face. The show is filled with passion and race to win which has never been seen with this intense and real before. The series began on 5 December and airs every Monday and...

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Niharika_0.jpg?itok=aaA4Ozxj
Star Suvarna to air new show ‘Niharika’ from 12 Dec

MUMBAI: Star Suvarna is all set to air its new show Niharika. A new concept which is not just a “Atte-Sose” (Kannada) or a kitchen drama. Starting from 12 December, the show will be aired at 8pm time slot.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Pankaj-Raghav.jpg?itok=m17NTSIr
Cracking Chrome DM-Da Vinci code as legalities take over

MUMBAI:  When business partners --- erstwhile or otherwise--- part ways acrimoniously, dirty linen gets washed in public. Almost a year after parting ways, Da Vinci Learning (DVL) TV channel, through its Indian JV partner Quintillion Media Pvt. Ltd, has served a breach of contract notice to...

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Jungle-Book-800x800.jpg?itok=XwXvbkYw
Govt defends UA certificate to 'Jungle Book' (3D)

NEW DELHI: Even as it is still studying the recommendations of the Shyam Benegal Committee on film certification, the Government has justified the U/A certification to the English film “Jungle Book” (3D).

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/05/Westworld-800x800.jpg?itok=m_N6g12p
Star World Premiere HD to air 'Westworld's' 90 minute finale

MUMBAI: Star World Premiere HD is all geared up to broadcast the season 1 of science-fiction drama Westworld. The season finale will be a super-sized 90 minute long episode titled The Bicameral Mind. Created by Jonathan Nolan and Lisa Joy, the season stars Anthony Hopkins, Ed Harris, James Marsden...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/05/Christopher-Slaughter.jpg?itok=kAJSRrJT
Multichannel TV, digital video growing in Myanmar: CASBAA report

MUMBAI: Multichannel TV and digital video markets continue to grow exponentially in Myanmar. Around 12 months ago, the TV household penetration touched 5.8 million homes, or 55%.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories