TV18 and CNN are concluding their partnership of brand sharing (CNN-IBN) . The ten year agreement will come to an end in 2016.
In official statement to Bombay Stock Exchange, TV18 Broadcast Ltd has informed BSE that “TV18 Broadcast Limited ("TV18") and Cable News Network, Inc. ("CNN”) will be successfully concluding their ten year brand licensing and news services arrangement for use of the "CNN" brand and CNN news content in January 2016. The Parties have decided not to renew the arrangement.”
A.P. Parigi, Group CEO, Network18 in an internal communication to the group’s employees asked them to take on special responsibility to maintain global standards, invest in skills, and remain focused on creating relevant content.
He stated that the group is well poised to explore further opportunities in a dynamic & complex market and that TV18 will continue to invest significantly in the General English News space.
Parigi stated that the he (along with Board of Directors) is engaged in firming up ambitious growth strategies. He said he has taken the task upon himself to drive all their businesses to the next level. This is his KRA.