Advertisement


Advertisement

Thread Rating:
  • 4 Vote(s) - 2.25 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Network18 realigns businesses into two focused entities
Advertisement
#1
Quote:The Board of Network18 group today approved a re-organization plan to create a simplified two listed entity structure for the group. The New TV18 entity consolidates all TV businesses of the group and owns CNBC-TV18, CNN-IBN, IBN7, CNBC-Awaaz and the group’s 50% stake in Colors, MTV, Nick, VH1 and IBN Lokmat. The New Network18 will hold a controlling interest in New TV18 and will be the operating company for the group’s digital, publishing, sports and event management businesses. New Network18 will also hold all group investments in HomeShop18, Newswire18, DEN, Yatra and Capital18. The new structure will offer shareholders the choice of investing in either the entire Network18 Group or only in the broadcast TV business. It will also create opportunities for harnessing greater operational synergies.

Raghav Bahl, founder and Managing Director of Network18 said today, "Over the last decade, Network18 has grown into a formidable media group from its humble beginnings in business news. The vagaries of regulation and individual business needs have resulted in a somewhat complicated structure with cross holdings. I am delighted to announce today that we are now reorganizing businesses into two focused entities, each a market leading powerhouse. This simpler, more focused structure will consolidate value for shareholders and catalyze the next stage of growth for the group."

Details Here
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  General News: Network18 launches #IndiaGives to support financially vulnerable citizens nairrk 0 314 03-25-2020, 01:45 PM
Last Post: nairrk
  General News: Network18 channels to air special episode of Mission Paani on 2,3 Nov nairrk 0 359 11-01-2019, 07:45 AM
Last Post: nairrk
  General News: Network18 gears up for GE 2019 with programming across 15 languages, 20 news channels nairrk 0 824 02-20-2019, 08:57 AM
Last Post: nairrk
  General News: Network18 to launch News18 Bharat nairrk 0 706 04-14-2018, 11:53 AM
Last Post: nairrk
  General News: Network18 to launch CNBC TV18’s digital platform, makes two key appointments nairrk 0 705 04-03-2018, 07:02 PM
Last Post: nairrk
  General News: Post Disney deal, 21CF to spin off news, sports and broadcast businesses... nairrk 0 750 12-15-2017, 08:51 AM
Last Post: nairrk
  General News: Network18 re-brands IBN Lokmat as News18 Lokmat nairrk 0 762 11-06-2017, 07:39 PM
Last Post: nairrk
  General News: Network18 announces launch of Amplify18 nairrk 0 681 06-27-2017, 06:18 PM
Last Post: nairrk
  Update: Sony launches youth-focused premium music channel Sony Rox HD nairrk 0 585 01-17-2017, 10:18 AM
Last Post: nairrk
  President Named for Network18-AETN JV khurramdar 0 740 10-16-2010, 08:02 AM
Last Post: khurramdar

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement