Top Story

e4m_logo.png

Home >> Media - TV >> Article

TV 18 Board to meet today to discuss restructuring of the company

12-October-2005
Font Size   16
TV 18 Board to meet today to discuss restructuring of the company

Raghav Bahl-promoted Television Eighteen India Ltd has scheduled its board meeting for October 12 to consider the restructuring of the company in order to comply with the uplinking guidelines for news and current affairs TV channels in India.

The last date for meeting the present uplinking norms was September 30. In fact, channels have been on a life breather for more than one year and the government has already extended the grace period six times.

According to the BSE website, CNBC-TV 18 currently has 31.18 per cent of holding by its promoters.

The company has two channels – an English business news channel CNBC TV 18, and Hindi business news channel Awaaz. The channel is soon going to launch its general English news channel, IBN, headed by well-known TV personality Rajdeep Sardesai.

Recently, Zee Telefilms announced the restructuring of the company by creating a separate entity named Zee News Pvt Ltd.

The Zee Telefilms board of directors is also scheduled to meet on October 20 to consider and approve the unaudited Q2 financial results and half year ended September 30, 2005.

According to the present uplinking norms, 26 per cent FDI is allowed in news channels and the Indian promoter should have at least 51 per cent stake in the company. But the government had constituted a Group of Ministers headed by Defence Minister Pranab Mukherjee to consider the present uplinking and downlinking policies, which is said to have submitted its report.

The Union Cabinet will take a final decision on the issue.

Tags

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Shaan Raza, Deputy Managing Director, Optimise, spoke to exchange4media about their journey since inception and their new technology, TrackingX, which they are planning to launch in India by February...

Meanwhile, Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

The Indian out-of-home advertising company selects Edge1's ERP software platform to automate their OOH business