Broadcast Worldwide, which runs
the Tara (Television Aimed at Regional Audiences)
group of regional channels, has scotched market
rumours that it is up for sale. Rather, it claims it
is in talks with several companies for alliances which
will bring in fresh investments.
Mr Rathikant Basu, promoter of
Broadcast Worldwide, said that Broadcast Worldwide is
talking to companies for the purpose of strategic
funding, and not for its outright sale.This is in
sharp contrast to the industry buzz that Sony
Entertainment Television (SET) is interested in buying
Mr Basu’s network.
According to Mr Basu ‘‘The
shareholders of Broadcast Worldwide are not keen to
sell the company.’’ The shareholders of Broadcast
Worldwide include promoter Rathikant Basu and
associates, Sterling Infotech, Rupert Murdoch’s Star
and financial institutions Unit Trust of India and
Industrial Development Bank of India.