Top Story

e4m_logo.png

Home >> Media - TV >> Article

6 TV channels violate norms for uplinking

10-October-2005
Font Size   16
Share
6 TV channels violate norms for uplinking

Zee, TV18 group channels violate the 26% foreign holding cap norm.

As many as six television channels, belonging to the Zee and CNBC TV18 families, are in violation of the government's uplinking guidelines, which put a 26 per cent cap on foreign equity and bar foreign institutional holding. The deadline to comply with the norms was September 30.

The government has extended this deadline on six occasions in the last two years. Information and Broadcasting Minister S Jaipal Reddy said last month the government would not grant another extension.

“The deadline for the channels to meet the revised guidelines is September 30. The channels have to get government approval before this. If they fail, their licences will be cancelled,” he had said.

The foreign equity in both the groups is well above 26 per cent. The fact that the two groups are listed puts them in a unique position. FIIs freely buy into them and the foreign equity holding changes with stock market trading.

The two groups appear to be counting on the forthcoming new uplinking norms to solve the problem. Industry sources say they have been pressing the government to give them interim permission till the new policy to comply with the norms.

According to government officials, Zee Telefilms has presented a revised equity format for the government's approval. However, the government is yet to clear it.

A Zee executive confirmed: 'We have applied to the government with the new equity structure. We have met the requirement and expect them to clear the application.'

CNBC chief executive officer Haresh Chawla said the company was waiting for the new uplinking guidelines to be announced before applying to the government. 'There are new uplinking norms coming. We are waiting for them,' he said.

Tags

Speaking to exchange4media, Shreyams Kumar M V, Joint Managing Director, Mathrubhumi shared his views on IRS 2017

The channel re-branded itself to verbalise what it stands for to its audience and partners

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

In the Top 10 Advertisers list, FMCG brand Hindustan Lever, Reckitt Benckiser India and Procter & Gamble retained its top three spots

Dentsu Webchutney has reprised its ‘The Racist Cover’ campaign this time with an interesting physical manifestation of the idea to demonstrate it in an innovative way

These five mobile ad campaigns enticed users to the point of immersion and led to brilliant ways for consumers to engage with the brands