Television

TV18, Jagran TV in joint venture deal to manage Channel7

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/06/27/TV18.jpg?itok=QAkBnT_4

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/default/files/styles/340x340/public/images/tv-images/2018/09/20/aajtak.jpg?itok=HOxmssOt
Aaj Tak most watched Hindi News channel in 2018

BENGALURU: The most watched Hindi news channel in the Hindi speaking market (HSM)-be it urban (U), rural (R) or combined (U+R) is India Today TV Network’s Aaj Tak during the first 37 weeks of 2018.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/karan.jpg?itok=aZEQwRm6
Discovery India head Karan Bajaj calls it a day

There’s change coming at the top at Discovery India. India head Karan Bajaj has decided to move on to pursue his own entrepreneurial venture.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/limelight.jpg?itok=TILqjJce
LIMELIGHT NETWORKS ANNOUNCES LIMELIGHT REALTIME STREAMING

Limelight Networks, Inc. (Nasdaq: LLNW), a leading provider of edge cloud services, today introduced Limelight Realtime Streaming, the industry’s first globally scalable, sub-second live video streaming solution that is natively supported by major browsers and devices.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/flix.jpg?itok=A0gKojhV
&flix brings to you a story of guilt and revenge with the premiere of ‘Aftermath’, this Sunday!

When a man loses everything, he is capable of anything. Based on true events, ‘Aftermath’, a drama thriller, is a story of guilt and revenge.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/kumkum.jpg?itok=MFQ-slOQ
Zee Anmol continues to lead in Hindi GEC (U+R) in BARC week 37

Zee Anmol retained its leadership position this week in Broadcast Audience Research Council (BARC) data for week 37 of 2018 in the Hindi GEC (U+R) market.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/tlc.jpg?itok=pgvb4uqq
TLC’s ‘Midnight Misadventures with Mallika Dua’ garners huge traction from advertisers

TLC’s India production ‘Midnight Misadventures with Mallika Dua’ has garnered huge traction from marquee advertisers.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/kids.jpg?itok=D_UxWqN_
Little Singham propagates the importance of Self Defence in Discovery Kids’ School Contact Program titled ‘Little Singham Squad’

Discovery Kids, India’s fastest growing kids channel, announced the launch of an all India School Contact program titled “Little Singham Squad” targeting more than 500+ schools in 11 cities across the country.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/anjana.jpg?itok=xf7d_Yd0
Hero ISL an ideal platform to educate the youth about hydration: Bisleri’s Anjana Ghosh

With the Hero Indian Super League (Hero ISL) is set to kick off on 29 September 2018, a national campaign titled #FanBannaPadega has been rolled out by the organisers to drum up enthusiasm ahead of the fifth edition. The essence of the campaign puts football fans at the heart of the experience and...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/%26TV.jpg?itok=nWl84Tip
&TV gets brand refresh; ad inventories sold out for new shows

Zee took a bold step when it decided to launch channels under a different brand name ‘&’ five years ago. The bet worked and the brand lived. Now, &TV, the GEC, is undergoing a brand refresh with a new lineup of shows as well.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories