TV Today mulls business channel, Bloomberg tie-up

MUMBAI: The Aroon Purie-controlled TV Today Network is exploring starting a business news channel in association with American financial and business news major Bloomberg.

The tie-up can involve Bloomberg picking up an equity stake in the proposed business channel. Even if an equity deal doesn’t happen, the tie-up would certainly be a licencing and co-branding one on the lines that Time Warner inked with the TV18 group for the English news channel CNN IBN in 2005 as and when it’s concluded.

When contacted, TV Today declined to comment.

Unofficially, though, the Delhi-headquartered TV Today attempted to play down the developments, saying such reports were "speculative at the moment." Insiders, however, insisted work on a business channel has started.

The network has earmarked between Rs 350 million to Rs 400 million for operating a new business news channel, company sources said.

The Indian news network is targeting to launch the business channel in the first quarter of 2007, if not earlier. However, the deal is subject to regulatory and government clearances.

Last year, Bloomberg had applied to India's Foreign Investment Promotion Board (FIPB) for a proposed television software venture, which will produce and distribute business and financial news television programmes in English to local television channels.

Bloomberg's TV channel that was available in India till a couple of months back is off air as it hasn't yet applied for landing rights, a new rule that's being pursued by the Indian government to monitor TV channels uplinked from outside India.

Interestingly, TV Today Network floated a subsidiary company, christened TV Today Network (Business) Ltd, during the last financial year ended 31 March 2006. The development was communicated to capital markets and investment experts some time ago.

"Consolidated financial results (for FY 2006) include the results of 100 per cent subsidiary TV Today Network (Business) Limited, which was formed during the current year and is yet to commence business. Accordingly, figures of corresponding period/year are not applicable," the company had said in a statement. The stock market buzz signifies that TV Today is likely to launch the business channel through this subsidiary company.

In an interview given to in 2004, Purie had expressed the possibility of starting a business news channel.

Presently, TV Today operates Hindi market leader Aaj Tak, its English sibling Headlines Today, a Hindi version of Headlines Today called Tez and Dilli Aaj Tak. TV Today scrip closed on the Bombay Stock Exchange (BSE) on Wednesday at Rs 76.75 after opening the day at Rs 76.75.

Latest Reads
Cosmos-Maya’s next international co-production is a spin-off series of the much talked about 3D Animation feature film Leo da Vinci: Mission Mona Lisa

is another high quality 3D animation international co-production - a spin-off series based on the recently released film Leo da Vinci: Mission Mona Lisa.

Television TV Channels Kids
EPIC TV & Penguin Present The Third Book Of The Devlok With Devdutt Pattanaik Series

Where did the name Radha come from? When did Christianity first come to India? What is the connection between sanskar and dharma? After the enormous success of the first two books in the ‘Devlok with Devdutt Pattanaik’ series, India’s favourite mythologist, Devdutt Pattanaik, is back with a third...

Television TV Channels Factual & Documentary
Banijay Asia and Salman Khan TV collaborates to create content for digital and tv

World’s largest independent content creation group, Banijay Group recently entered Indian & South East Asian market under the guidance of Deepak Dhar with an aim to produce content across genres. Banijay Asia &SK TV, which was launched few years back, come together to create novel and...

Television TV Channels GECs
DSport reaches 110 mn households in a year

DSport, the sports TV channel by Discovery Communications, has achieved the milestone of reaching 110 million households in India. The channel was launched on 6 February 2017 and achieved the milestone within one year of operations in India and has expanded its distribution across all DTH and...

Television TV Channels Sports
Star Suvarna to telecast 'Kannadada Kotyadhipati 2018' the Kannada version of 'Who wants to be a Millionaire' as part of its revamp

May 21, 2018: The third season of Kannadada Kotyadhipati, the Kannada version of ‘Who wants to be a Millionaire’, which sets the stage for a revamps of Star Suvarna, the Kannada GEC channel of Star Network will premiere in June’18. Since January 2018, the channel has gained viewership share in...

Television TV Channels Regional
Republic Network partners with CAF India to nurture the Culture of Giving amongst Indians as part of its first year celebration.

Republic TV, India’s number 1 English news channel for non-stop 53 weeks is celebrating its milestone first year anniversary in a unique and special way. Republic TV has partnered with Charities Aid Foundation (CAF) India, a not for profit organisation to fuel and accelerate the spirit of giving...

Television TV Channels News Broadcasting
Star spending up to Rs 2 cr on production per IPL match

MUMBAI: After having bought rights for almost all important sporting properties in India, Star India had the massive task to ensure that it sets a new benchmark for cricket. In February, it won the audio-visual production rights for IPL 2018, making it the first time that a broadcaster is...

Television TV Channels Sports
Watch Rani Mukerji’s ‘Dadasaheb Phalke Excellence Award’ winning performance in ‘Hichki’ only on Sony MAX

After garnering success at the box office and a heart-warming response from the audience, the Rani Mukerji starrer ‘Hichki’ is all set for its Worldwide Television Premiere only on Sony Pictures Networks’ number 1 Hindi movie channel, Sony MAX on Saturday, 26th March at 9pm. Directed by Siddharth...

Television TV Channels Movie Channels
World Television Premiere of Raid on Star Gold

This May, Star Gold to bring the World Television Premiere of Raid. Touted as first Bollywood project to be based on an Income Tax raid, this Ajay Devgn starrer hit will be showcased on 27th May 2018, Sunday at 1 PM on Star Gold.

Television TV Channels Movie Channels

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories