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PM Modi chairs roundtable attended by Murdochs, Uday Shankar and top media CEOs

28-September-2015
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PM Modi chairs roundtable attended by Murdochs, Uday Shankar and top media CEOs

PM Modi was hosted by 21st Century Fox’s Executive Chairman Rupert Murdoch and CEO of 21st Century Fox James Murdoch with Uday Shankar, CEO, Star India, where he chaired  a roundtable with Top Global Media CEOs.

Rupert Murdoch, Executive Chairman, 21st Century Fox and the Indian Prime Minister Shri Narendra Modi with Uday Shankar, CEO, Star India and James Murdoch, CEO, 21st Century Fox

Media baron Rupert Murdoch has described Prime Minister Narendra Modi as the “best leader with best policies since (India’s) independence”.

Murdoch took to Twitter to express his views about the meeting.

Star India is on course to meet its $500 million EBIDTA target by 2018 according to the latest comments by parent company 21st Century Fox’s Chief Financial Officer, John Nallen. Speaking at the 2015 Media, Communication & Entertainment Conference in Beverly Hills California he said that he was fully confident of the target being achieved by the company set for 2018. 

Morgan Stanley values Star TV at $11.2 billion. In a report, Morgan Stanley estimated the fair market value of STAR TV on the basis of rising ad revenue from India and said the firm contributed 11.3 per cent to the overall fair market value of its American parent. This comes amid slowing ad revenue for the media giant from developed markets.
 

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