Top Story


Home >> Media – Print >> Article

UB Group to restructure its media business

Font Size   16
UB Group to restructure its media business

The UB Group plans to restructure its media business with more investments in Asian Age. The promoter of Zee, who has a 15 per cent stake in Asian Age, is expected to increase it increase it over a period of time. As a result, both the promoters UB Group and Zee will have an equal stake in the venture.

At present, UB Group has around 40 per cent stake in Asian Age, 45 per cent are with the promoter of Deccan Chronicle and Asian Age editor MJ Akbar. The UB Group has already sold off its stake in Vijay TV to UTV.

Industry sources say that the UB Group does not plan to increase its interest in media companies though it was keen to maintain its presence in the industry for business reasons. By roping in the promoters of Zee, it has brought in professionals to manage Asian Age.


Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

The campaign, featuring brand ambassador Farhan Akhtar, exhorts consumers to showcase their achievements through the walls of their homes.

We list a few important stories that you may have missed in the week gone by

The campaign takes the narrative forward to persuade prospective investors to invest in mutual funds