Deccan Chronicle acquires 67 per cent in Asian Age, takes stake to 90 per cent

MUMBAI: Deccan Chronicle Holdings Ltd (DCHL) has acquired 67 per cent stake in Asian Age Holdings Ltd for Rs 171 million, scaling up its holdings in the daily newspaper to 90 per cent.


DCHL, which publishes the Deccan Chronicle newspaper, has bought out Zee Telefilms' 15 per cent stake Asian Age Holdings. The other shareholders from which DCHL has acquired equity are MJ Akbar (26 per cent), United Breweries (23 per cent) and T Venkattram Reddy (3 per cent). Earlier DCHL had held 23 per cent in The Asian Age, a daily newspaper published simultaneously from New Delhi, Mumbai, Kolkata, Bangalore and London.

The revenue and the brand ownership will be transferred to DCHL, with the Asian Age Brand expected to contribute Rs 750 million to Rs 1000 million to the top line by Fiscal 2007, the company informed BSE.



"The acquisition of Asian Age will transform DCHL into a National player with presence in the large advertising markets of Mumbai and Delhi in addition to presence in Kolkata, Bangalore and London," says DCHL managing director T Vinayak Ravi Reddy.

Zee Telefilms had picked up 15 per cent stake in Asian Age Holdings in 2001. Currently, Zee is planning launch of a news daily in Mumbai with Dainik Bhaskar as the joint venture partner.

Latest Reads
Kids most benefited genre in Chrome DM week 46

With a growth of 1.07 per cent, the kids genre in all India 1 lakh+, marked the highest opportunity to see (OTS) among all categories in week 46 of Chrome Data Analytics and Media. Discovery garnered the highest OTS in kids’ genre with 90.5 per cent.

Television TV Channels Viewership
Viacom18 confirms the departure of Raj Nayak

In an official statement released to the media, Viacom18 confirmed the departure of Raj Nayak, the media network’s Chief Operating Officer.

Television TV Channels GECs
Sony Pictures Networks India gears up for the India tour of Australia with engaging programming initiatives

For the year ending high-octane cricket series between India and Australia, Sony Pictures Networks India (SPN), will be undertaking several initiatives to enhance the viewing experience and increase engagement with cricket enthusiasts across the nation.

Television TV Channels Sports
Sony Entertainment Television appoints Sagnik Mukherjee as AVP marketing

Sagnik Mukherjee is set to join Sony Entertainment Television as associate vice president marketing, a source close to the development confirmed to

Television TV Channels People
Viacom18 COO Raj Nayak quits

Colors' Big Boss has quit, according to media reports. We are talking about Viacom18 COO Raj Nayak, who is the brain behind the most popular reality show Big Boss.

Television TV Channels GECs
Monuments Turn Red, As National Geographic Raises an Alarm for Planet Conservation

Glaciers are melting, sea levels are rising, pollution in various parts of the world is at its peak, and tonnes of plastic waste is in the oceans.

Television TV Channels English Entertainment
Network 18's Joy Chakraborthy steps down

Forbes CEO and Network 18 President(Revenue) Joy Chakraborthy has stepped down from his role, according to media reports.

Television TV Channels News Broadcasting
Sony BBC Earth hosts the extraordinary Natural History Producer and Global Storyteller, Jonny Keeling, in India

Sony BBC Earth, India’s No. 1 factual entertainment channel and home to the most iconic and premium content, continues to deliver to its promise of making the viewers ‘feel alive’.

Television TV Channels Factual @ Discovery
‘Ab Jungle meinhoga Dangal’ with the Hindi Television Premiere of Jumanji: Welcome to the Jungleon November 24th at 8pm only on &pictures

Ever wonder how it feels to be inside a game and play the character you choose? In the brand-new adventure Jumanji: Welcome to the Jungle, the tables are turned as four teenagers in detention are sucked into the world of Jumanji.

Television TV Channels Movie Channels

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories