KPMG has been retained by Sri Adhikari Brothers Television Network (SAB Network) to advise it on the acquisition of the brand and distribution business of its 100 per cent subsidiary SABe TV.
KPMG is evaluating a fair price for the transfer of the brand and business to the parent company.
According to sources, SAB Network will now uplink its channel from the Essel-Shyam Telecom facility in Noida. At present, the company is uplinking from Singapore. Owing to the change in its product mix, the company hopes to break even in the current quarter.
According to the company sources, it has increased in-house programming content, which is slated to reach around 75 per cent from the earlier level of 25 per cent.
Source: Business Standard