Television

Rajat Sharma's India TV to launch early 2004

NEW DELHI: A news channel of their own! It couldn't have been a better Diwali gift for the 120-odd employees of the Rajat Sharma-promoted Independent News Service (INS), a television production house that is converting itself into 

a broadcaster.

It's official now that Sharma would be launching India TV, a 24-hour Hindi language news and current affairs (N&CA) channel, early next year. The uplink permission was obtained last year in a quiet manner.

According to sources, the whole project, being put together for the last six months with the help of Ernst & Young, would need investments to the tune of Rs 1,000 million, including transponder lease cost.

Initially, approximately Rs 700 million is being pumped into the news channel, to be beamed through `hotbird' PanAmSat 10. The amount will also be utilised for acquiring real estate of about 80,000 sq. ft and building a state-of-the-art infrastructure, specially for transmission of N&CA programming.

To raise the initial funding for the project, promoter Sharma and his wife, Ritu Dhawan, have divested 26 per cent equity stake to two Indian investors who can be considered friends of the promoters, apart from being professionals.

In the future, INS promoters are looking at roping in another strategic partner who can take up to 23 per cent stake in the company. This would mean that the promoters would retain 51 per cent majority control of the company.



The company, however, is not looking at attracting foreign investment in the news channel venture.

INS has reportedly brought in professionals to handle various other related activities like distribution and ad sales, but the marketing aspect would be looked after by Euro-RSCG.

A former general manager with India's long distance telecom carrier Videsh Sanchar Nigam Ltd (VSNL), has 

been brought in as the technical head.

Though India TV would like to stand alone like MTV, the likelihood of hitching up with one of the existing bouquets - Star, One Alliance and Zee Turner - for distribution purpose cannot be ruled out in the future.

The good news of turning the TV software house into a broadcasting company was conveyed to the INS employees in a personal letter sent to each of them by Rajat Sharma yesterday. The employee strength of the company goes up to 250 over the next two months.

Sharma's letter sought to impress upon the employees and colleagues that after five years with Zee and almost five years with Star, it was time to move ahead. The obvious road ahead for Sharma was to launch his own news channel - India TV.

Sharma's company, which produces the two editions of Aaj Ki Baat news shows on Star News at the moment, would cease to do so from this month-end. The reason: Star India feels that such news shows can be produced in-house.

Sharma decided to go ahead with a news channel - in a scenario where channels are mushrooming all over in India - after considering a IMRB-conducted survey which showed, there is still scope for a Hindi language news channel and the market can probably sustain it too.

Amongst the Hindi news channels currently on air are market leader Aaj Tak, NDTV India, Zee News, Star News and three Sahara Samay channels.

Doordarshan too proposes relaunch its news channel with predominantly Hindi programming.

The IMRB survey, commissioned by INS to gauge the market response, also highlighted the fact that Sharma's brand equity is high amongst viewers - something that India TV would certainly like to cash in on to translate into 

advertising revenue.

Meanwhile, INS' studio complex located in Film City, Noida, is being given finishing touches at the moment. The complex has four floors; and one of the studio floors is understood to be the biggest in Asia.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/18/pv.jpg?itok=11OhTSzk
The seasonal show saga on Indian GECs

MUMBAI: Daily soap operas, with an infinite number of episodes, is the unique feature of India’s TV entertainment offering. From the era of a single national broadcaster to today where you can pick from a plethora of general entertainment channels (GECs), times have surely changed. What is slowly...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/17/star.jpg?itok=XqQ1JaZk
Star ushers in IPL's new era with a bang

Star India is all set to reinvent the Vivo Indian Premier League (IPL) 2018 by increasing fan-engagement levels and bringing the sporting spectacle even closer to cricket fans across the country. The broadcaster’s press conference in Delhi today started with Sophia, a robot, in conversation with...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/17/punit.jpg?itok=QMjjRK9k
Zeel numbers up on higher ad revenue in third quarter

The Subhash Chandra led Indian television network Zee Entertainment Enterprises Limited reported 11.5 percent and 28.3 percent increase in consolidated total revenue and profit after tax (PAT) respectively for the quarter ended 31 December 2017 (Q3-18, quarter under review) as compared to the...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/17/baba_0.jpg?itok=4dsXrFZQ
Ramdev wants telecast fees waived off for devotional channels

Baba Ramdev today took a shot at the government for imposing high tax on telecasting devotional TV channels.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/tumbin.jpg?itok=BK_vfhpI
Be privy to a traditional ode to eternal love and longing with 'Tum Bin 2' on Sony MAX

Sony MAX, the leading Hindi movies channel from Sony Pictures Networks will be whipping up romance this January as it brings the sequel of the 2001 hit movie, ‘Tum Bin 2’ on 19th January at 8pm.

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/irra.jpg?itok=HbcXocFG
IRAA Awards Now accepting nominations

In its 12th consecutive year, the Indian Recording Arts Academy Awards (IRAA) 2018 will be hosted alongside the PALM Expo 2018 at the Bombay Exhibition Centre. The awards will once again recognize exceptional skills in music, soundtrack recording and mixing in Indian music for albums and movies.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/network18a_2.jpg?itok=UB6MjyrR
Network 18 PAT at Rs 114 million

Network18 Media & Investments (Network18) reported a marked improvement in its numbers for the quarter ended 31 December 2017. The consolidated revenue (net of revenue from joint ventures and associates) for the company declined marginally by 1.8 per cent year-on-year (yoy) to Rs 3660 million...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/bbc.jpg?itok=D-KQbcCd
Get Intriguing Insights into the human mind with 'Meet the Humans' on Sony BBC Earth

If you think human behavior is predictable, think again. In ‘Meet the Humans’, a show on Sony BBC Earth, starting January 22, at 8pm, a trio of experts led by Dr. Michael Mosely take a microscopic look at the human behavior and discover how incredibly unpredictable and complex humans are.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/tv18.jpg?itok=9obzztU8
TV18 profits decline in third quarter

TV18 Broadcast Ltd (TV18), the subsidiary of the Mukesh Dhirubhai Ambani-controlled Network18 Media and Investments Ltd (Network 18), reported consolidated total income of Rs 10 crore for the quarter ended 31 December 2017 (Q3-18) as compared with income of Rs 23.6 crore for the corresponding year...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories