Archive for the ‘Investment’ Category

Asianet now owned by Star Jupiter

November 16, 2008

Finally that is official. Star Group and Asianet is joining togther to own its entertainment channels. Till now there were rumours in the media circles. In Kerala Communist Marxist party was writing articles against the deal in its Newspaper Deshabhimani [Great Joke].

Star and Rajeev Chandrasekhar’s Jupiter formed a company for this with the name ‘Star Jupiter Entertainment Television Ltd’ (Star Jupiter).

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Economic slowdown and INX Group

November 10, 2008

Rumours are around that 9X media’s three channel properties have been sold to two parties. NewsX to Bhaskar Group and other two entertainment channels 9X and 9XM to Balaji Telefilms. Market talk is that the founders of INX media Indrani mukerjea and Peter Mukerjea [ former chief of Star] will be leaving the company. This new development if because of dearth of funds during this economic slowdown.

Balaji Telefilms was interested in starting pan Indian entertainment channels and regional channels for a while now. Is it true? With in days we will be knowing that. INX Group is having two companies, INX Media and INX News.

Source: exchange4media.com

NDTV’s UK arm could list overseas

April 11, 2007

NEW DELHI, APR 9:  NDTV Networks Plc, the UK-registered new ventures arm of news broadcaster NDTV, is likely to make an initial public offering (IPO) on an overseas bourse—possibly in the US or the UK—by 2010. NDTV Networks spearheads new initiatives in areas like general entertainment and lifestyle.

The Prannoy Roy-led broadcaster, preparing to launch three general entertainment channels (the first slated for September), has wrapped up funding for NDTV Networks, which has five subsidiaries: NDTV Imagine Ltd, NDTV Lifestyle Ltd, NDTV Convergence Ltd, NDTV Labs Ltd and 50% in NGEN Media Services Pvt Ltd.

Source:  financialexpress.com

What does the entry of foreign magazines mean for Indian media?

April 9, 2007

Read what media owners and Top journalists say about Foreign Magazine’s presence in India. Some are happy and some are worried.
 

Raghav Bahl’s GBN to foray into regional news channels, Marathi the first launch

April 3, 2007

Indian Language News Television market is generally thin. The main reason is that, it is hard to make good revenue out of this. Some states are having one news channel. Other than Hindi only Malayalam is having more than one News Channel. [Malayalam has got Four news channels]If an upcountry big group is into this business even the possibility of revenue is much higher. So it is worth watching the news move by Raghav Bahl’s GBN’s [Global Broadcast News] initiative to enter Regional News Market. They are planning to start Marathi News channel.

Read the story in Indiantelevision.com

US-based VC fund to acquire 19 % in India TV for Rs 509 million

March 30, 2007

29 March 2007: MUMBAI: Having earmarked a corpus of Rs 10 billion for investing in Indian media companies, US-based venture capital fund ComVentures is acquiring a 19.17 per cent stake in India TV’s holding company Independent News Services for $11.5 million (Rs 509.6 million).

ComVentures had earlier signed a definitive agreement with NDTV Networks Plc, UK, to invest $20 million. NDTV Networks has wholly owned subsidiary companies NDTV Imagine and NDTV Lifestyle which would launch Hindi general entertainment and lifestyle channels.

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It’s official: Sameer Nair to join NDTV Imagine as CEO and Director

March 16, 2007

Mar 16, 07: Even as the word of Sameer Nair moving to NDTV was almost sure, the speculation about his next assignment never quite died. There was talk of him working with other entities like UTV. However, Nair is joining NDTV and the confirmation comes from a statement that NDTV has made to the Bombay Stock Exchange.

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Vir Sanghvi joining Peter Mukerjea’s Inx Media as CEO for News business

March 14, 2007

Mar 13, 07: The speculation over the past couple of months has finally come to an end. Vir Sanghvi has decided to plunge full-time into the electronic media where he has for long been hosting multiple programmes across channels. He is joining Inx Media Pvt. Ltd. which is launching a news and entertainment television network in India. Sanghvi will join them as CEO for their news business.

Inx Media is being launched by ex-STAR India CEO Peter Mukerjea with personal investment by Mukesh Ambani. It is also learnt that private equity fund Temasek Holdings is putting in money for the project.

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Temasek to invest $300 mn in TV channel

February 12, 2007

NEW DELHI/MUMBAI: Holdings, an investment arm of the Singapore government, is believed to be in talks with a clutch of Indian media professionals and business houses to set up a TV broadcasting company.

The proposed company could rope in former CEO of Star TV Peter Mukerjea and Mukesh Ambani, the latter through his personal investment companies, as well as some US-based equity funds.

Source: Business Standard

UTV to raise $100m from Nasdaq listingAdd to Clippings

February 5, 2007

FEBRUARY 05, 2007, MUMBAI: UTV Software Communication is planning a Nasdaq float to raise about $100 million.

UTV is believed to have valued itself at about $700 million. It will be the first entertainment listing from India on the Nasdaq. The move comes on back of the fact that UTV has entered into a binding term sheet with a major US broadcaster for the launch of six channels.

UTV is also believed to be in talks to rope in Sameer Nair, the former COO of Star India, for a JV that will float a company to launch a clutch of channels for the Indian market.
Source: Economic Times.com