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

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

Ushering the launch with a campaign titled ‘The New Way to Get Rich’ showcasing how technology gets millennials closer to their financial dreams

Ogilvy and Love Matters conceptualised a campaign that aimed to change the conversation and imagery that is associated with the LGBTQ community and lesbians in particular