Top Story

e4m_logo.png

Home >> Media - TV >> Article

GBN and Channel 7 deny talks on joint venture formation

21-January-2006
Font Size   16
Share
GBN and Channel 7 deny talks on joint venture formation

Speculation has been rife for sometime now regarding Global Broadcast News (the TV18 venture with Rajdeep Sardesai and Sameer Manchanda) and Channel 7 being in the process of forming a joint venture. Both entities, however, have officially stated that they are in talks only to explore a possible strategic alliance that does not include equity discussion of any kind.

A joint statement issued by GBN and TV18 stated: “This is with reference to press reports regarding talks of an equal joint venture for Channel 7 between GBN and the Jagran Group, with specific managerial and editorial responsibilities carved out between the two parties. It is herewith clarified that these reports are not true.”

On being contacted, Channel 7’s Siddhartha Gupta categorically stated that even as various aspects were being explored by the two groups to leverage their resources in the Hindi news genre in terms of best practices, network strengths, etc, the talks did not include sale or acquisition of equity.

When contacted, TV18, CEO, Haresh Chawla, seconded this with equal assertiveness.

The joint statement further said: “As part of general talks on exploring commercial synergies between two news channel operations, both companies have had a broad discussion; there have, however, been no discussions on any equity deal, management and editorial policies, or other parameters purported to have been finalised, as per the news reports. And all such reports in the media are purely speculative.”

Tags

Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=http://www.exchange4media.com/company/news/amaz...

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Under the watchful eye of Walt Disney, Bindass undergoes brand repackaging with a fresh new show ‘Dil Buffering’ simulcast across its linear and social media platforms on September 29 and will launch...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...