Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General News BloombergQuint ready for launch; awaits licence name change approval from MIB
#1
Advertisement
[Image: Bloomberg-Quint-main.jpg]MUMBAI: Raghav Bahl’s Quintillion Business Media is awaiting ministry of information and broadcasting’s (MIB) approval for changing licence name to launch its English business news channel, BloombergQuint.

Quintillion Business Media, in which American media co Bloomberg holds 26% stake, acquired a licence from Kolkata-based Horizon Satellite Services after a prolonged delay to acquire a licence directly from the ministry.

After acquiring the licence from Horizon, the company has applied for a name change of the licence to BloombergQuint. The licence is under the name Y TV.

Incidentally, Horizon has also lent a licence to Tamil news channel Malai Murasu. The company has two directors Mansukh Dugar and Panchi Jain. Dugar is also one of the directors of News Nation Network, which owns and operates Hindi news channel News Nation.

“We are ready to launch the channel at any moment. We are waiting for the name change clearance from the MIB. We have acquired a licence from Horizon which is why we had to apply for a name change,” Bloomberg Quint CEO Anil Uniyal told TelevisionPost.com.

Uniyal further stated that the company is all set to launch as soon as the MIB approval comes. The pay channel is in talks with distribution platforms for stitching carriage deals.

In March, Bahl had told TelevisionPost.com that Bloomberg Quint will be launched in three months as the channel is close to getting a licence from the MIB.

However, the intermittent delay in procuring the licence from MIB prompted the company to acquire a licence from another company.

“We plan to launch the channel in three months. We are close to getting the licence from the MIB. It is the last leg of approval that we are waiting for,” Bahl had said.

BloombergQuint had crossed its first major hurdle after it received the Foreign Investment Promotion Board’s (FIPB) approval to Quintillion Business Media to issue equity shares to Bloomberg. The FDI proposal was worth Rs 13.4 crore.

Even as it waits for the MIB approval to launch the TV channel, BloombergQuint has already launched its digital live-streaming service in India on bloombergquint.com, the Bloomberg Terminal and BloombergQuint social platforms.

The English business news genre is dominated by CNBC TV18 and ET Now. NDTV Profit, which was the third player in the market, shut down on 5 June. BTVi, which had a brand licensing pact with Bloomberg, is a minor player in the market.

Source:

___________________________________________
Airtel Digital HD Recorder / Kerala Vision Digital TV
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Sun TV Network puts Marathi GEC launch on hold due to economic slowdown nairrk 0 209 08-14-2019, 11:26 AM
Last Post: nairrk
  General News: Sterling Reserve, Comedy Central India partner to launch nationwide talent hunt nairrk 0 142 08-07-2019, 11:45 AM
Last Post: nairrk
  General News: Sarthak TV founder Sitaram Agrawalla plans to launch four TV channels in 2020 nairrk 0 151 07-23-2019, 10:16 AM
Last Post: nairrk
  General News: iTV Network to launch two more news channels; NewsX Kannada to shut down nairrk 0 227 07-18-2019, 11:45 AM
Last Post: nairrk
  General News: Kapil Sibal’s Tiranga TV faces closure in less than six months of launch nairrk 0 279 07-16-2019, 10:13 AM
Last Post: nairrk
  General News: Star India to launch Marathi sports channel on 15 July nairrk 0 278 07-11-2019, 10:56 AM
Last Post: nairrk
  General News: SPNI, ABP News Network get MIB approval to launch Sony Marathi HD, ABP News HD nairrk 0 219 07-05-2019, 11:37 AM
Last Post: nairrk
  General News: MIB cancels UL/DL licence of VIL Media’s V6 Ent nairrk 0 134 06-17-2019, 09:48 AM
Last Post: nairrk
  General News: Star gets MIB approval to launch Malayalam sports channel nairrk 0 194 06-13-2019, 10:54 AM
Last Post: nairrk
  General News: Bengali kids channel Rongeen TV to launch on 12 June nairrk 0 212 06-10-2019, 10:02 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement