The US-based AOL Time Warner has confirmed that it is scouting for new media deals in India. Of late, there has been much speculation that AOL Time Warner was interested in picking up a stake in Zee Network. AOL Time Warner has been non-committal as far as naming the media outfit.
Zee Network had a few months ago appointed UBS Warburg to scout for a strategic partner. Although it has been reported in many newspapers that AOL Time Warner is the one UBS has identified as Zee’s potential strategic partner, Zee has called it a mere speculation.
According to industry sources, there have been talks about the possibility of AOL Time Warner having alliances/ventures with Satyam Infoway and Rediff. Besides, India’s Sony Entertainment Television was said to be in talks with AOL Time Warner for a common distribution platform.
At present, AOL Time Warner has CNN, HBO and Cartoon Network under its brand in India.