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MUMBAI: Five months after Subhash Chandra's Zee Group acquired
a 50 per stake in Taj Television (owners of Ten Sports), the
Dubai-headquartered channel has reorganised its executive
structure.
Ten Sports India MD Sharmishta Rizhwani has resigned as of
today, as too the company's production head, Steve Norris.
While a replacement for Rizhwani is yet to be identified,
Taj Television vice-president programming and events Peter
Hutton now also heads production.
Meanwhile, Taj Television head of engineering Steve Halis
has been given overall responsibility of operations as well.
These developments were confirmed to Indiantelevision.com
by Taj Television CEO Chris McDonald this evening.
It was in November 2006 that Zee Telefilms (now Zee Entertainment
Enterprises Ltd) acquired a 50 per stake in Ten Sports in
an all-cash deal for $57.15 million.
Zee now holds a have controlling interest in Taj TV as in
the seven-member board, it has four representatives while
Abdurrahman Bukhatir (Taj TV promoter) has three.
Zee has the option to hike its stake in Taj TV after 2009.
The price of the balance 50 per cent will be decided at that
stage by the two companies and an independent valuer.
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