Television

Govt may allow FII inflows in news channels

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2015/11/17/Untitled-1_11.jpg?itok=48AdUL38

NEW DELHI: The Indian government is contemplating allowing foreign institutional investors (FIIs) to invest in television news channels even as the 31 October deadline to conform to the existing guidelines draws near.

FIIs could not invest in news channels uplinking from India, according to an interpretation of an existing government order (it cannot be technically termed as a law) that was announced in March, 2003.

The government order, which was issued in the aftermath of Star News case, impacted most Indian news channels as there were severe restrictions on their capacity to access FII funds. As per the order, the same guidelines followed in print medium regarding foreign investments had be followed in toto by news channels as well. There is a cap of 26 per cent on total foreign holdings in news publications in the country.

A senior information and broadcasting ministry official told

indiantelevision.com, "We are seriously seized of the matter and would like to clear the confusion before the October deadline."

The official further added that the "possibility of inclusion of FII investments within the overall sectoral cap in news channels is high."

At present, news channels desirous of uplinking from India are not eligible to have more than 26 per cent foreign direct investment (FDI).

The FII issue had kicked up a storm as most news ventures like the NDTV channels, Aaj Tak, Headlines Today, CNBC-TV 18 and Zee News were asked to conform to the government order. These channels had petitioned the I&B ministry that apart from other issues, it would be difficult for listed Indian entities to keep track of any FII buying or selling of shares from the stock market.

According to the government official, had all the news channels been unanimous on the FII and other foreign investment issue, it would have been easier for the government to take a final call.

"But there have been different sets of explanations and demands. One broadcaster even wanted the total foreign investment cap in news ventures being raised to 49 per cent," the official said. "However, raising of foreign investment caps in the present scenario is highly unlikely.

Adherence to the foreign investment cap in case of news ventures is also one of the issues why the government has not yet cleared Zee's request seeking uplinking permission for a proposed business news channel which had a short-lived run on a DTH platform before being discontinued.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/15/Sony_Marathi.jpg?itok=gd2Uqx84
Sony Marathi aims to fill need gap in the market

Sony is taking the plunge into the Marathi general entertainment market to compete with Zee Marathi, Zee Yuva, Colors Marathi and Star Pravah.

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/ndtv.jpg?itok=G6JI38LH
NDTV India reverts to pay channel from FTA

NDTV has decided to convert its free to air (FTA) channel NDTV India as a pay channel with effect from 15 September. On 8 April 2016, NDTV India, the Hindi news channel, started its FTA journey. Prior to that, the channel was a paid service priced at Rs 3.37 on direct-to-home (DTH) and addressable...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/tyson.jpg?itok=zxfKx9sB
Mohamedali pulls no punches, ropes in Mike Tyson to launch the global Kumite 1 League

Kumite 1 League, the first global team Mixed Martial Arts league, is all set to host boxing legend Mike Tyson.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/news.jpg?itok=pYr3369_
Times NOW & Mirror Now announce a special line-up to celebrate the 72nd Independence Day

As India gears up to celebrate its 72nd Independence Day, India’s leading English news channels, Times Now & Mirror Now, announce their special programming line-up to celebrate the spirit of freedom.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/fernandes.jpg?itok=ZWXeOW8Z
Changes in Senior Management & Board of Directors of lnduslnd Media & Communications limited, a subsidiary of the Company

The Board of Directors of HVL on August 13, 2018 have noted  that  Board of Directors of lnduslnd Media & Communications Limited ("IMCL"), a subsidiary of HVL has:

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/neeraj.jpg?itok=ZvLk4ckd
Sab's Aladdin to be relevant to the new generation

Sony Sab is all set to transport viewers to an age-old story with a modern twist. After giving three new launches this month, it is close to launching the fourth one Aladdin: Naam Toh Suna Hoga, produced by Peninsula Pictures, which will be aired on 21 August, Monday to Friday at 9 pm. Its recent...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/asia-cup.jpg?itok=L-YXgemt
Star Sports to telecast Asia Cup in Hindi, English, Tamil

The Unimoni Asia Cup 2018 is all set to commence from 15 September and will see Asian neighbours – India, Pakistan, Bangladesh, Sri Lanka and Afghanistan - fight for the trophy. Star Sports, the official broadcaster, has released its first film for the tournament which speaks of the unique aspect...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/13/zoom.jpg?itok=KkVHZdxQ
Zoom Studios launches its second series, ‘Ready 2 Mingle’

After the resounding success of The Reunion, The Zoom Studios, the original content arm of zoOm styled by Myntra is back with its second series- Ready 2 Mingle.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/13/pl.jpg?itok=XC7xv3jD
CPL 2018 becomes first T20 league to stream live on Twitter

The Hero Caribbean Premier League has recently announced its collaboration with Twitter to live stream all matches of the 2018 season in 54 countries.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories