Television

TV18, Jagran TV in joint venture deal to manage Channel7

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/06/27/TV18.jpg?itok=IolE5Yqj

MUMBAI: It was 19 January that Indiantelevision.com first broke the news that Global Broadcast Network (GBN), owners of English news channel CNN-IBN, were in talks with Jagran TV, parent company of Channel7, aimed at making the Hindi news channel a part of the GBN stable through a joint venture.

The deal is done! TV18 and Jargan TV have agreed for an equal joint venture. According to industry sources close to the development, the operations of Channel7 will integrate with TV18 Group.

The sources also added that the valuation of Jagran TV is pegged at between Rs 1.2 billion and Rs 1.3 billion. One issue that still needs to be sorted out though is that of foreign holding. It is expected, however, that some solution will be reached soon.

The issue of the Channel7 brand name is still being discussed. But the sources pointed out that as of now the Hindi news channel will have the two brand names together -- IBN-Channel7. At present, the foreign holding component is being hammered out and after all the necessary clearances come through, GBN will ponder over the brand name for the channel.

The sources added that the final deal will be done through GBN.

The news was confirmed later in the day by TV18 Ltd, which issued a notice to the Bombay Stock Exchange (BSE) stating: "GBN has announced its intention to make a strategic investment in "Channel7", the 24-hour Hindi language general news channel, owned and operated by Jagran TV Pvt Ltd (JTL). After the investment is completed, GBN and JTL shall have an equal 'inter se' ownership interest in Channel 7. It is also intended that JTL chairman Mahendra Gupta shall continue to lead the board of the JV, while the editorial, production, distribution and other operations of Channel7 shall be integrated with all the news channels of the TV18 Group.

"This strategic investment is expected to be completed over the next 60 days, subject to a satisfactory due diligence followed by the receipt of necessary board, shareholder and regulatory approvals."

TV18 MD Raghav Bahl added: "The experience and respect that the Dainik Jagran Group commands will be an invaluable asset for this partnership. With such a powerful 4-channel bouquet of market leaders (Channel 7, CNN-IBN, CNBC-TV18, Awaaz), straddling the entire spectrum of general and business news in English and Hindi languages, the TV 18 Group shall become the indisputable leader among India's news broadcasters."

GBN is promoted by a clutch of professionals like Rajdeep Sardesai, Sameer Manchanda and Haresh Chawla along with Television Eighteen promoted by Raghav Bahl.

TV18 scrips opened today at Rs 500 and touched a high of Rs 518. The scrips last traded at Rs 514.50.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/03/Pankaj-Sourav_0.jpg?itok=-MGetI3Q
World Billiards Championship to be telecast live on digital media

MUMBAI: Sports app Sports Flashes has tied up with Billiards & Snooker Federation of India (BSFI) to telecast the IBSF World Billiards Championship live. The championship will be taking place in Bengaluru from December 5 to 12. The eight-day championship that includes the Points format and the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/star-plus-800x800.jpg?itok=skBw-Vyj
Star Plus leads in traditional entertainment media brand category: Study

In an industry study conducted by Vidooly, it is observed that Facebook could be a great platform for aspiring video creators in the country. They can then incorporate it in their overall content strategy and try to leverage other platforms like YouTube, Twitter and Instagram.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/discovery-800x800.jpg?itok=0Nm7MzL-
Discovery to air 'River Monsters' throughout December

Freshwater detective, biologist and extreme angler Jeremy Wade has spent three decades traveling the world’s waterways in search of man-eaters that lurk beneath the surface of rivers and lakes in some of the most inhospitable locations in the world.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/tv-today-800x800.jpg?itok=S95bd2jx
Q2-17: TV Today Network topline up

BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/monisha-800x800.jpg?itok=Z2ntYoIO
Discovery appoints FremantleMedia's Monisha Jaising Vaid

Discovery Networks is on a hiring spree. In its endeavour to accelerate growth and embrace opportunities beyond linear, Discovery Networks Asia-Pacific has now appointed Monisha Jaising Vaid as the director of original content for real world products. She joins from FremantleMedia India TV...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/fremental-800x8000.jpg?itok=KYe2Um-i
Wentworth: Fremantlemedia International, Sky Deutschland tie up

FremantleMedia International (FMI) has announced it had secured a deal with German-speaking PayTV platform, Sky Deutschland, for the award-winning and critically-acclaimed prison drama, Wentworth.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/Amirzada-cast.jpg?itok=AdSC4XPM
Amirzada Nawab Khan's story to be telecast on Zee Yuva

MUMBAI: Maharashtra Police, one of the potent police forces in India, has come a long way from the decade of 80s when it lacked training & high-end precision weapons which is the norm of late. That decade was marked with the rise in crime and police’s main weapon were their networking skills...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/BB10.jpg?itok=HeTvyaI5
Colors leads Hindi, urban GEC; Sony Pal retains position

MUMBAI:Colors continues to lead the Hindi GEC and Urban GEC markets in week 47. In Hindi GEC rural market, Sony Pal emerged as the number one channel while Zee Anmol bagged the second position, according to Broadcast Audience Research Council (BARC).

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/axn-800x800.jpg?itok=9WZlHTlX
AXN to air s1-6 of 'Californication'

Novelists are nerds, some say so but there was this one who broke all the stereotypes unabashedly. He was stylish, charming and could flatter almost anyone with his good looks and wit. Does it ring a bell? Yes, we are talking about the much loved TV character, Hank Moody. Get ready for debauchery,...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories