Television

Sun TV denies receiving official memo from MHA; shares crash on bourses

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2015/06/08/SUN%20LOGO.jpg?itok=i5tNnVy-

NEW DELHI: Kalanithi Maran owned Sun TV Network Limited (Sun TV) today said that it had not received any information from the Ministry of Home Affairs (MHA) or the Ministry of Information and Broadcasting (MIB) about rejection of security clearance to its television channels.

Shares of Sun TV crashed over 25 per cent on Monday, 8 June, 2015, as compared to the previous closing price on Friday, amid reports that the network’s 33 television channels may be taken off air by the MHA over security clearance.

When contacted by Indiantelevision.com, a Sun TV spokesperson declined to comment on the rejection of security clearance as the network was still waiting for an official report.

Reacting to the reports, Sun TV clarified on the bourses stating, “We wish to state that no communication has been received by the Company in this regard from any Ministry and all our Channels continue to be on air.”

On the other hand, an MIB official confirmed to this website that the Home Ministry had indeed denied security clearance to Sun TV Network as a whole and that the decision would be conveyed to the network by the MIB and not the MHA.

The MIB official also confirmed that this will affect all 33 television channels of the Kalanithi Maran-promoted Sun TV Network. This may mean cancellation of the broadcasting licence. However, the Ministry official said that no decision would be taken in haste.

Sun TV had applied to the MIB for renewing its broadcasting licence for 10 years, which also entails getting the required security clearance from the Home Ministry. 

The Home Ministry is said to have taken this decision in the backdrop of the three pending criminal cases being looked into by the CBI and the Enforcement Directorate (ED), against Maran and his brother and former Union Minister Dayanidhi Maran.

Home Ministry sources denied that the decision was based on political considerations.

Sun TV Network may approach the courts to get interim relief. However, no reply has been received from the Home Ministry so far.

This is the second big blow for the Maran led company this year. It may be recalled that earlier in April, MIB minister Arun Jaitley had written to Home Minister Rajnath Singh to reconsider the denial of security clearance to 40 FM radio stations run by the Sun Network. 

Sun TV shares (face value of Rs 5 each) opened lower today on the BSE at Rs 320.75 each as compared to the closing price of Rs 356.35 each and opened on the NSE today at Rs 320.80 each as compared to the closing rate of Rs 356.40 each. At the close of trading today, Sun TV shares closed at Rs 279.60 (down 76.75, -21.54 per cent) on the BSE and at Rs 278.65 (down Rs 77.75, -21.83 per cent) on the NSE. 

On the BSE, Monday's Low was Rs 258, whereas the High was recorded at Rs 320.75. On the NSE, Sun TV’s Low stood at Rs 257.45, where the scrip touched a High of Rs 320.80. The stock price breached the previous 52 week low on both the BSE and the NSE, also breached the lower circuit price of Rs 302.90 on both the bourses.

The Sun TV Network is one of India’s largest media groups whose TV channels reach more than 95 million households across the country.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/26/bigbull.jpg?itok=O25BaJ_c
The Big Bull makers to appoint Covid2019 watchdogs on set

MUMBAI: The makers of The Big Bull are set to start work on the final schedule from mid-October. To ensure the health and safety of cast and crew, producer Anand Pandit has decided to appoint Covid2019 watchdogs on the set. The Big Bull directed by Kookie Gulati stars Abhishek Bachchan and Ileana D...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/26/zee.jpg?itok=az0FRQlW
Zee Telugu unveils the title song of ‘Nagabhairavi’

A new daily soap titled Nagabhairavi is all set to entertain Zee Telugu audience this festive season. The fantasy drama stars Muddha Mandaram fame Pawon and Yashmi Gowda as leads while Gundamma Katha fame Kalki Raja and Ashwini play pivotal roles. The promo has created a great deal of buzz since...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/kerala.jpg?itok=RQ-tbiC4
Mathrubhumi Innovative Reporting on International day of Sign Language

On the occasion of International day of Sign Language, Kerala's formidable media group, Mathrubhumi, took two thoughtful and empathetic initiatives to turn the spotlight on the topic. The leading story on the front page of the newspaper was delivered in a very surprising manner, through sign...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/sunil.jpg?itok=Vygxckg0
BARC announces intent to initiate ‘one video view' measurement

MUMBAI: Media planners and buyers and marketers have repeatedly expressed their desire to have a way of tracking how much video is being watched, on TV, on the mobile handset and on OTTs as linear or video on demand. BARC India CEO Sunil Lulla says the monitoring agency may have a solution by 2021.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/bharta.jpg?itok=vWXcJJM-
Meet the Mentors, our leaders of global Bharat on TV9 Bharatvarsh

At a time when India has been hit hardest among emerging economies, our entrepreneurs have stood strong in the face of economic headwinds. With the economy facing its toughest challenge in a century, TV9 Network in association with technology major SAP India brings to its viewers the leaders of...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/madhvan_0.jpg?itok=Ht5ghN1o
IBF appointes Star & Disney India’s K. Madhavan as president

Mumbai: At the twenty-first annual general meeting (AGM) of the Indian Broadcasting Foundation (IBF), held on September 25, 2020, the IBF Board has elected Star & Disney India’s MD K. Madhavan as the foundation’s new president. Madhavan will succeed NP Singh, India MD and CEO, Sony Pictures...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/madhvan.jpg?itok=aoj-p9PH
Disney Star India’s K Madhvan & the IBF presidency

MUMBAI: Sony Pictures India MD & CEO NP Singh has handed over the baton of president of the Indian Broadcasting Foundation (IBF) to Star and Disney India MD & president K Madhavan during its most challenging phase. The broadcasting industry – like many other industries – is going through...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/zeetv.jpg?itok=wd1hldSk
"What is the big October surprise Zee TV plans to unveil on 28th September?”

Creating an exciting flutter on social media, Zee TV stars have been recently spotted posting pictures and videos with a surprise package they have received from the channel. With the picture of a train on the lid that calls itself the #ZeeTVkiEntertainmentExpress, a scroll inside the hamper urges...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/25/spn.jpg?itok=4mEPH9PT
Sony Pictures Networks India features in list of India's best workplaces for 2020

MUMBAI: Cementing its stature as an 'Employer of Choice', Sony Pictures Networks India (SPN) has been featured amongst the top 50 in India's best workplaces for women 2020 by Great Place to Work Institute. This is the third accolade for the conglomerate, earlier in June 2020 they were honoured with...

Television TV Channels GECs

Sign up for our Newsletter

subscribe for latest stories

* indicates required