Top Story

e4m_logo.png

Home >> Media - TV >> Article

TV Today now in firm command of Mail Today and India Today Online

23-March-2017
Font Size   16
Share
TV Today now in firm command of Mail Today and India Today Online

Last week, TV Today Network Limited acquired equity shares in both India Today Online Private Limited and Mail Today Newspapers Private Limited. Following the acquisition of 74,887,389 equity shares of India Today Online Private Limited, TV Today now controls 100% of its paid-up share capital. “We got these shares as a gift from our promoter company (Living Media India Limited),” said Ashish Sabharwal, Company Secretary, TV Today.

On March 15, TV Today simultaneously completed the acquisition of 33,042,625 equity shares of Mail Today Newspapers Private Limited from A.N. (Mauritius) Limited again as an act of gift. As a result, TV Today along with India Today Online Private Limited holds Mail Today’s 100% paid-up share capital. Hence, Sabharwal mentioned that “Mail Today has become a wholly owned subsidiary” of TV Today and India Today Online Private Limited wherein the latter is wholly owned by the former.   

He, however, stressed that the acquisitions were “not exactly” representative of consolidation of television, online and print properties under a single company since TV Today itself is a “subsidiary of Living Media”. Noting that the online business at present did not command a huge scale, he pointed out that a “good synergy with the newspaper (Mail Today)” will be established in terms of news gathering by reporters owing to the acquisition.

Mail Today’s genesis can be traced back to the coming together of India Today Group and Daily Mail, the popular tabloid from Britain. The newspaper which began publishing in November of 2007 with Bharat Bhushan as its founding editor has its future squarely in the hands of TV Today.

Registered on December 28, 1999, TV Today is a listed company overseeing the broadcast of news television channels such as Aaj Tak and India Today. In the last fiscal, television programming and broadcasting activities contributed 98% of its annual turnover of slightly over Rs 577 crore.

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