TV18, E18 to merge with Network18, consolidate leading news media powerhouses
1 year, 1 month ago

TV18, E18 to merge with Network18, consolidate leading news media powerhouses

Firstpost  

The suggested plan seeks to create India’s largest platform-neutral news media organisation by merging the Network18 group’s TV and internet news divisions into a single entity Network18 Media & Investments Ltd and TV18 Broadcast Limited have on Wednesday, On December 6, announced a plan of arrangement whereby Network18 will merge with TV18 and e-Eighteen.com Limited, the company that owns and runs the Moneycontrol website and app. By merging the Network18 group’s TV and internet news divisions into a single organisation, the proposed plan seeks to create India’s biggest platform-neutral news media firm. This will create India’s largest Integrated news media entity which will be platform-agnostic with widest footprint across languages, straddling both TV and Digital. Furthermore, as financial advisors for Network18, TV18, and E18, respectively, BofA Securities India Limited, Citigroup Global Markets India Private Limited, and HSBC Securities and Capital Markets India Private Limited provided Fairness Opinions.

India Media Company Plan Limited Merge Tv18 Network18 Tv E18  limited  single  plan  languages  e18  media  consolidate  company  tv18  network18  tv  powerhouses  leading  merge

History of this topic

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore
1 year, 2 months ago

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore

Firstpost  

During the quarter, the company has taken a number of steps that will result in revenue visibility for years. The foremost being Viacom18’s acquisition of media rights for the BCCI International and Domestic matches Network18 Media & Investments on October 25 reported that its consolidated operating revenue for the July-September quarter jumped 20 percent year-on-year to Rs 1,866 crore, from …

Discover Related