CNBC India and the Hinduja-promoted INCablenet have clashed over the latter’s decision to blackout the channel from the cable networks owned by or affiliated to the Hindujas in Mumbai.
CNBC India claimed that the Hinduja’s unilateral action came after a CNBC India report on Monday on submissions made by the CBI in a Delhi Court in the Rs 64 crore Bofors case against the Hindujas. CNBC claims that the report was based on a wire report.
CNBC also said the channel will also approach the Press Council of India and the ministry of information and broadcasting on the issue.
CNBC is part of the Sony One Alliance bouquet comprising six channels, along with Sony Entertainment, SET Max and AXN among others. Incidentally InCablenet has not blacked out any other channel from the bouquet.
The Hinduja’s on the other hand stated that it had taken the action since the channel has not entered into an agreement with INCablenet as required under the Cable Act.
CNBC also claims in its release that two of Hinduja groups officials confirmed to it that the action was allegedly taken since “the Hinduja Group was extremely unhappy with the CNBC report”.
As a mark of its own protest, CNBC India has ceased coverage of the commercial activities of the Hinduja group (in first action share prices of Hinduja Group companies viz Ashok Leyland and Hinduja TMT have been dropped from the ticker on the channel).
The advertising spots of Gulf Oil, another Hinduja Group company, on the channel were also being removed