Top Story

e4m_logo.png

Home >> Media - TV >> Article

3-month reprieve for news channels

04-January-2005
Font Size   16
Share
3-month reprieve for news channels

Television news channels, with foreign institutional investment, can continue to uplink from India for another three months. As per uplinking guidelines, while 26% foreign direct investment is allowed in news channels, FIIs are not allowed to pick up any stake.

The channels, which are expected to benefit from the three-month extension include NDTV, CNBC, Zee News, Sab TV, Jain TV and some regional players. While CNBC and Zee had restructured their equity to some extent, the government has not yet approved it.

The government had earlier set a deadline of December 31, 2004 for news channels to comply with foreign investment norms. Confirming the third extension, information and broadcasting ministry secretary Navin Chawla said the measure has been taken in the wake of tsunami.

“All news channels should be able to uplink at this point,” he said. Mr Chawla was speaking to the media on the sidelines of a tsunami briefing. When asked if the three-month extension was an indication that the uplinking norms will be revised to make room for FIIs, Mr Chawla said, “This has no bearing on a decision on FIIs.”

The government will take a call on whether to allow FIIs, separately.

The industry expects the government to relax the guidelines, and allow FIIs in news channels. In fact, share prices of some of the news channels rose on Friday in anticipation of a more liberal regime.

Tags

Speaking with exchange4media, Rishi Darda, Joint Managing Director and Editorial, Lokmat Media Group shared his vision for regional publications and the impact of IRS 2017 on the print industry.

Nisha Narayan, COO & Director, RED FM & Redtro and CEO, Digital Radio (Mumbai) Broadcasting Ltd, shares her insights on how radio is a powerful medium in terms of advertising and what can be done to take it to the next level

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Backed by four properties including the first test match between South Africa and India of Freedom Cup, Sony Ten 1 continued to lead Top 5 channels in 2018’s second week (January 6-12)

Vijay Shekhar Sharma stated that this is the right time to create an Indian model which would be the envy of the world