No conclusions on Star deal says Hindustan Times' Bhartiya

NEW DELHI: ,-owned Hindustan Times Ltd, is keeping all its options open, including a deal with the Rupert Murdoch-controlled Star India, but said no "conclusions" have been reached yet.

"We are aware of the developments," Hindustan Times (HT) vice chairman and Birla's daughter Sobhana Bhartiya said when asked about the media reports on a HT-Star truck.

Asked specifically if HT and Star have been talking to each other formally on a possible joint venture for Star News channel, Bhartiya, said, "No conclusions have been reached." She also pointed out that Star has been talking to many people regarding a joint venture. She was answering questions from journalists after a meeting with information and broadcasting (I&B) secretary Pawan Chopra this evening.

Asked whether Henderson Global Investment has picked up 20 per cent stake in HT Media, Bhartiya confirmed the development. However, she did not specify whether the investment was meant only for HT's proposed Mumbai edition or for the whole group.

Interestingly, while Bhartiya was meeting the I&B secretary on the sixth floor of Shastri Bhawan, which houses among other ministries the I&B ministry too, arch rival Vineet Jain of Times of India was part of a media delegation that was closeted with I&B minister Ravi Shankar Prasad, on the floor below.

Bhartiya also said that the investment of Henderson was in line with the guidelines prescribed by the Indian government. She, however, did not specify whether an application to this regard has been moved with the Foreign Investment Promotion Board (FIPB).

Just for records, Australian media tycoon Kerry Packer has some investments in Henderson.

Earlier, a section of the media had speculated on the fact that Murdoch was picking up a minority stake in HT. In turn, these reports had said , 51 per cent of Star News was being offered to HT and/or Bhartiyas so that the news channel could conform to guidelines and avoid further controversies that had been hounding Star News for some time. The deal was supposed to have been struck in London.

Latest Reads
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting
Music channels bet on shows to boost viewership

MUMBAI: Seems like music channels are playing second fiddle to online music platforms when it comes to playing tracks. In an attempt to grab more eyeballs, pure-play music channels on television are moving away from the music content and focusing more on the youth-centric shows.

Television TV Channels Music and Youth
Zee TV leads Hindi GECs in week 48 of Barc ratings

MUMBAI: Zee TV emerged as the leader among Hindi general entertainment channels (urban + rural) dethroning Zee Anmol, according to Broadcast Audience Research Council’s (BARC) all-India data for week 48.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories