मीडिया अब मीडिया नहीं बाजार है जहा जो अच्छी बोली लगाएगा और मीडिया बिक जायेगा | अगर मैंने मीडिया दलाल बना लिया तो गुनाह नहीं किया | लोग मुझे फ़ोन करके अब तक कोस रहे अबे चूतिया गंगवार ये क्या बना डाला ? जब देश में दलालों की संख्या बढ़ने लगती है तो हम जैसे चूतिया जनम लेते है जो एक रात के फैसले के बाद मीडिया दलाल डाट.कॉम बना लेते है भले से मीडिया दलाल ब्लॉग लगे, मगर दिल का दर्द बाटने के लिए काफी बड़ा खेत है जिसे अपने ढंग जोता और बोया जा सकता है | मैंने जब सुना और पढ़ा की मुकेश भाई अब मीडिया के सबसे बड़े आका बनेगे और मीडिया के बड़े -छोटे दलाल मुकेश के इशारे पर दलाली का श्कूल चलायेगे वैसे तो मीरा राडिया - बरखा दत्त - वीर का नाम दलाली के इतिहास में सुनहरे शव्दों में लिखा जाना चाहिए | मुझे देश के बड़े दलाल मजबूर कर देते है |
मुझे ख़ुशी होती है जब मेरे करीवी रिश्तेदार मुझे चूतिया कहते है और कहते है चूतिया गंगवार आखे खोलो तुम्हारी ३५ की उम्र हो गयी है कुछ कर लो | एक रिश्तेदार ने तो मेरा भविष्य तय कर दिया फ़ोन पे .. उस साले की .........? यशवंत भाई आपने मस्त लिखा है मैंने आपका लिखा भड़ास ४ मीडिया से साभार लेकर लगा रहा हु जरा पदों और रौशनी डालो .
और सो कर उठे तो मुकेश अंबानी बन गए देश के सबसे बड़े मीडिया मालिक!
राघव बहल कहां जाकर गिरा? मुकेश अंबानी की गोद में. और इस गिरने का मतलब क्या है? मतलब ये कि राघव बहल की नेटवर्क18 अब खुलेआम मुकेश अंबानी के रहमोकरम पर निर्भर कंपनी हो गई है और इस प्रकार राजदीप सरदेसाई, आशुतोष, संजय पुगलिया जैसे पत्रकार अंबानी के नौकर टाइप के पत्रकार हो गए. मतलब, ये लोग चाह भी लेंगे तो अंबानी के खिलाफ खबर नहीं दिखा सकते, अंबानी चाहे जितनी बड़ी गड़बड़ी कर दे. यह है बाजारवादी मीडिया का असली चेहरा. समाज, सरोकार, आदर्श, नैतिकता, आम जनता, शोषण, उत्पीड़न, जनपक्षधरता की बड़ी बड़ी बातें करने वाले पत्रकार भाई लोग कितने बड़े अनैतिक लोगों के गोद में जाकर बैठ जाते हैं, यह जानना हो तो मुकेश अंबानी का राघव बहल की नेटवर्क18 में घुसपैठ और नेटवर्क18 द्वारा ईटीवी के अधिग्रहण को समझा जा सकता है.
अगर आप संवेदनशील और इमानदार हैं तो इस खेल को समझने की कोशिश देरर तक करेंगे तो आपका दिल दुखने लगेगा. लगने लगेगा कि हर नैतिकता का अंजाम कहीं अनैतिक हो जाना तो नहीं, हर महान का अंजाम नीच हो जाना तो नहीं, हर सरोकार का अंजाम जनविरोधी हो जाना तो नहीं.... रामोजी राव जैसा मीडिया मालिक ईटीवी से पिंड छुड़ा लेता है, हजारों करोड़ रुपये लेकर. क्या इसीलिए रामोजी राव ने ईटीवी खड़ा किया था? जिसे चौथा खंभा कहा जाता है, वह खुलेआम बिकाउ है. देश के सिस्टम को भ्रष्ट बनाने वाला अंबानी और देश को लूटने वाला अंबानी अब देश की पत्रकारिता का दशा-दिशा तय करेगा. और, रामोजीराव टाइप लोग, राजदीप सरदेसाई टाइप लोग, आशुतोष टाइप लोग भले सरकार के मंत्रियों को गरिया लें पर अंबानी को यस बास कहकर कुर्सी से खड़े हो ही जाएंगे. अच्छे हैं आप ब्लागर दोस्तों, जो अपना ब्लाग बनाकर अपने मन की भड़ास निकाल लेते हो. ये बेचारे तो दोगली जिंदगी जीने को मजबूर हैं. अपना छोटा ठिकाना हो, लेकिन पूरी तरह अपना हो, इसका सुख किसी ब्लागर या पोर्टल संचालक से पूछा जा सकता है. कम से कम कोई हम लोगों का कंटेंट तो तय नहीं करता. हां, छोटा और अभावग्रस्त होने के दुख भी होते हैं, लेकिन आजादी का जो सुख व सुकून है, उसका मजा अनंत है. आज जो कुछ हुआ है, वह भारतीय मीडिया के पतन का ऐतिहासिक दुर्भाग्यपूर्ण काल है. अंग्रेजी के एक ब्लाग पर प्रकाशित एक पोस्ट यहां प्रकाशित कर रहा हूं, जिसे पढ़कर आप काफी कुछ समझ सकते हैं.
यशवंत
एडिटर
भड़ास4मीडिया
The sudden rise of media mogul Mukesh Ambani
Mukesh Ambani went to sleep last night as India’s richest man and woke up this morning as also India’s biggest media mogul. That, in a nutshell, is the sum and substance of the dramatic announcement by Reliance Industries Limited (RIL) that it was getting into a tie-up with Raghav Bahl‘s Network18. The tie-up means an RIL subsidiary will pump funds into a rights issue by Bahl’s Network18 that is deep in the red. This will help the latter pare down its debts and it will also help it pick up RIL’s stake in the Eenadu Television (ETV) channels owned by southern media strongman, Ramoji Rao.
Although RIL has said the investment will be done by way of an independent trust and that Raghav Bahl and team will have full control, in effect, it means overnight Mukesh Ambani’s direct and indirect shadow will be over at least three English news channels (CNN-IBN, NDTV, NewsX), a top flight business news channel (CNBC TV18), and a clutch of language channels. With younger brother Anil Ambani too reported to be in the media in ways unseen and unreportable, and with the two warring brothers doing a recent jig together, the RIL-Network 18 tieup raises troubling questions over the hold of India’s biggest corporate house on the media and the potential for the creation of a media duopoly.
Today’s RIL announcement of a tie-up with Network 18 confirms a Business Standard story last month and makes nonsense of a Times of India story the following day that Rajeev Chandrasekhar was picking the ETV channels. The announcement also confirms a Wall Street Journal report which had been vehemently denied by RIL. The only official previous RIL involvement with the media was when it bought the Sunday Observer and launched the Business and Political Observer in 1991. Both those ventures were soon shut. Below is the full text of the RIL press release:
***
MUMBAI, 3 January 2011: RIL today announced that a part of the interest owned by it in the ETV Channels is being divested to TV18 Broadcast Limited (TV18). As a part of the deal, Infotel Broad Band Services Limited (“Infotel”), a subsidiary of RIL, has entered into a Memorandum of Understanding with TV18 and Network18 Media and Investments Limited (Network18) for preferential access to all their content for distribution through the 4G Broadband Network being set up by it.
As per the Memorandum of Understanding, Infotel shall have preferential access to (i) the content of all the media and web properties of Network 18 and its associates and (ii) programming and digital content of all the broadcasting channels of TV18 and its associates on a first right basis as a most preferred customer.
Infotel is setting up a pan India world class 4th Generation Broadband Network using state of the art technologies. Infotel expects to take a leadership position in content distribution through broadband technology through a host of devices. Digital content from entertainment, news, sports, music, weather, education and other genres will be a key driver to increase consumption of broadband.
RIL, through investments of about Rs.2600 crores, by its group companies, currently holds interest in various ETV Channels being operated and managed by Eenadu Group viz. (i) 100% economic interest in regional news channels, namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel (“News Channels”) (ii) 100% economic interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujarati and ETV Oriya (“Entertainment Channels”) and (iii) 49% economic interest in ETV Telugu and ETV Telugu News (“Telugu Channels”).
A part of the above investments comprising of 100% interest in News Channels, 50% interest in Entertainment Channels and 24.50% interest in Telugu Channels is being profitably divested to TV18 Broadcast Limited.
Network18 and TV18 have today announced that both the companies are raising funds for the acquisition of ETV Channels through a Rights Issue.
Independent Media Trust (“Trust”), a trust set up for the benefit of Reliance Industries Limited, has agreed to fund the Promoters of Network 18 and TV18 to enable them to subscribe to the proposed Rights Issue announced by both the companies today. The Promoter Companies of Network18 and TV18 and the Trust have entered into a Term Sheet under which the Trust would be subscribing to the Optionally Convertible Debentures to be issued by the Promoter Companies.
Reliance will leverage its deep understanding of the Indian markets – consumer insights, technological expertise, and the ability to build & manage scale – to make this a “win win” partnership. This will create value and be accretive to the shareholders of RIL.
Raghav Bahl and his team will continue to have full operational and management control of both the companies. Raghav Bahl and the current Promoter Entities of Network18 and TV18 will continue to retain control over Network 18 and TV18. RIL reposes full faith in the current leadership and management team of Network18 and TV18.
The investments in these media properties are being made by RIL through an independent trust which will have eminent individuals as Trustees, thus preserving the management, operational and editorial independence of these media companies.
The investment by the Trust in the Promoter Companies of Network18 and TV18, and the arrangement between Network18/TV18 and Infotel for the acquisition and distribution of content on the Infotel platform, is one of many such partnership initiatives being undertaken by Infotel.
The combination of India’s leading TV content provider, with a bouquet of nearly 25 channels, and Infotel, will be a significant step in bringing a high quality “live TV” experience to broadband customers across the country. Likewise, Network18’s market-leading web portals and e-commerce operations will provide several value added services to Infotel’s broadband subscribers. This unique alliance is expected to differentiate Infotel and create value for all stakeholders.
Today’s RIL announcement of a tie-up with Network 18 confirms a Business Standard story last month and makes nonsense of a Times of India story the following day that Rajeev Chandrasekhar was picking the ETV channels. The announcement also confirms a Wall Street Journal report which had been vehemently denied by RIL. The only official previous RIL involvement with the media was when it bought the Sunday Observer and launched the Business and Political Observer in 1991. Both those ventures were soon shut. Below is the full text of the RIL press release:
***
MUMBAI, 3 January 2011: RIL today announced that a part of the interest owned by it in the ETV Channels is being divested to TV18 Broadcast Limited (TV18). As a part of the deal, Infotel Broad Band Services Limited (“Infotel”), a subsidiary of RIL, has entered into a Memorandum of Understanding with TV18 and Network18 Media and Investments Limited (Network18) for preferential access to all their content for distribution through the 4G Broadband Network being set up by it.
As per the Memorandum of Understanding, Infotel shall have preferential access to (i) the content of all the media and web properties of Network 18 and its associates and (ii) programming and digital content of all the broadcasting channels of TV18 and its associates on a first right basis as a most preferred customer.
Infotel is setting up a pan India world class 4th Generation Broadband Network using state of the art technologies. Infotel expects to take a leadership position in content distribution through broadband technology through a host of devices. Digital content from entertainment, news, sports, music, weather, education and other genres will be a key driver to increase consumption of broadband.
RIL, through investments of about Rs.2600 crores, by its group companies, currently holds interest in various ETV Channels being operated and managed by Eenadu Group viz. (i) 100% economic interest in regional news channels, namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel (“News Channels”) (ii) 100% economic interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujarati and ETV Oriya (“Entertainment Channels”) and (iii) 49% economic interest in ETV Telugu and ETV Telugu News (“Telugu Channels”).
A part of the above investments comprising of 100% interest in News Channels, 50% interest in Entertainment Channels and 24.50% interest in Telugu Channels is being profitably divested to TV18 Broadcast Limited.
Network18 and TV18 have today announced that both the companies are raising funds for the acquisition of ETV Channels through a Rights Issue.
Independent Media Trust (“Trust”), a trust set up for the benefit of Reliance Industries Limited, has agreed to fund the Promoters of Network 18 and TV18 to enable them to subscribe to the proposed Rights Issue announced by both the companies today. The Promoter Companies of Network18 and TV18 and the Trust have entered into a Term Sheet under which the Trust would be subscribing to the Optionally Convertible Debentures to be issued by the Promoter Companies.
Reliance will leverage its deep understanding of the Indian markets – consumer insights, technological expertise, and the ability to build & manage scale – to make this a “win win” partnership. This will create value and be accretive to the shareholders of RIL.
Raghav Bahl and his team will continue to have full operational and management control of both the companies. Raghav Bahl and the current Promoter Entities of Network18 and TV18 will continue to retain control over Network 18 and TV18. RIL reposes full faith in the current leadership and management team of Network18 and TV18.
The investments in these media properties are being made by RIL through an independent trust which will have eminent individuals as Trustees, thus preserving the management, operational and editorial independence of these media companies.
The investment by the Trust in the Promoter Companies of Network18 and TV18, and the arrangement between Network18/TV18 and Infotel for the acquisition and distribution of content on the Infotel platform, is one of many such partnership initiatives being undertaken by Infotel.
The combination of India’s leading TV content provider, with a bouquet of nearly 25 channels, and Infotel, will be a significant step in bringing a high quality “live TV” experience to broadband customers across the country. Likewise, Network18’s market-leading web portals and e-commerce operations will provide several value added services to Infotel’s broadband subscribers. This unique alliance is expected to differentiate Infotel and create value for all stakeholders.
साभार : sans serif blog
राघव बहल कहां जाकर गिरा? मुकेश अंबानी की गोद में. और इस गिरने का मतलब क्या है? मतलब ये कि राघव बहल की नेटवर्क18 अब खुलेआम मुकेश अंबानी के रहमोकरम पर निर्भर कंपनी हो गई है और इस प्रकार राजदीप सरदेसाई, आशुतोष, संजय पुगलिया जैसे पत्रकार अंबानी के नौकर टाइप के पत्रकार हो गए. मतलब, ये लोग चाह भी लेंगे तो अंबानी के खिलाफ खबर नहीं दिखा सकते, अंबानी चाहे जितनी बड़ी गड़बड़ी कर दे. यह है बाजारवादी मीडिया का असली चेहरा. समाज, सरोकार, आदर्श, नैतिकता, आम जनता, शोषण, उत्पीड़न, जनपक्षधरता की बड़ी बड़ी बातें करने वाले पत्रकार भाई लोग कितने बड़े अनैतिक लोगों के गोद में जाकर बैठ जाते हैं, यह जानना हो तो मुकेश अंबानी का राघव बहल की नेटवर्क18 में घुसपैठ और नेटवर्क18 द्वारा ईटीवी के अधिग्रहण को समझा जा सकता है.
अगर आप संवेदनशील और इमानदार हैं तो इस खेल को समझने की कोशिश देरर तक करेंगे तो आपका दिल दुखने लगेगा. लगने लगेगा कि हर नैतिकता का अंजाम कहीं अनैतिक हो जाना तो नहीं, हर महान का अंजाम नीच हो जाना तो नहीं, हर सरोकार का अंजाम जनविरोधी हो जाना तो नहीं.... रामोजी राव जैसा मीडिया मालिक ईटीवी से पिंड छुड़ा लेता है, हजारों करोड़ रुपये लेकर. क्या इसीलिए रामोजी राव ने ईटीवी खड़ा किया था? जिसे चौथा खंभा कहा जाता है, वह खुलेआम बिकाउ है. देश के सिस्टम को भ्रष्ट बनाने वाला अंबानी और देश को लूटने वाला अंबानी अब देश की पत्रकारिता का दशा-दिशा तय करेगा. और, रामोजीराव टाइप लोग, राजदीप सरदेसाई टाइप लोग, आशुतोष टाइप लोग भले सरकार के मंत्रियों को गरिया लें पर अंबानी को यस बास कहकर कुर्सी से खड़े हो ही जाएंगे. अच्छे हैं आप ब्लागर दोस्तों, जो अपना ब्लाग बनाकर अपने मन की भड़ास निकाल लेते हो. ये बेचारे तो दोगली जिंदगी जीने को मजबूर हैं. अपना छोटा ठिकाना हो, लेकिन पूरी तरह अपना हो, इसका सुख किसी ब्लागर या पोर्टल संचालक से पूछा जा सकता है. कम से कम कोई हम लोगों का कंटेंट तो तय नहीं करता. हां, छोटा और अभावग्रस्त होने के दुख भी होते हैं, लेकिन आजादी का जो सुख व सुकून है, उसका मजा अनंत है. आज जो कुछ हुआ है, वह भारतीय मीडिया के पतन का ऐतिहासिक दुर्भाग्यपूर्ण काल है. अंग्रेजी के एक ब्लाग पर प्रकाशित एक पोस्ट यहां प्रकाशित कर रहा हूं, जिसे पढ़कर आप काफी कुछ समझ सकते हैं.
यशवंत
एडिटर
भड़ास4मीडिया
The sudden rise of media mogul Mukesh Ambani
Mukesh Ambani went to sleep last night as India’s richest man and woke up this morning as also India’s biggest media mogul. That, in a nutshell, is the sum and substance of the dramatic announcement by Reliance Industries Limited (RIL) that it was getting into a tie-up with Raghav Bahl‘s Network18. The tie-up means an RIL subsidiary will pump funds into a rights issue by Bahl’s Network18 that is deep in the red. This will help the latter pare down its debts and it will also help it pick up RIL’s stake in the Eenadu Television (ETV) channels owned by southern media strongman, Ramoji Rao.
Although RIL has said the investment will be done by way of an independent trust and that Raghav Bahl and team will have full control, in effect, it means overnight Mukesh Ambani’s direct and indirect shadow will be over at least three English news channels (CNN-IBN, NDTV, NewsX), a top flight business news channel (CNBC TV18), and a clutch of language channels. With younger brother Anil Ambani too reported to be in the media in ways unseen and unreportable, and with the two warring brothers doing a recent jig together, the RIL-Network 18 tieup raises troubling questions over the hold of India’s biggest corporate house on the media and the potential for the creation of a media duopoly.
Today’s RIL announcement of a tie-up with Network 18 confirms a Business Standard story last month and makes nonsense of a Times of India story the following day that Rajeev Chandrasekhar was picking the ETV channels. The announcement also confirms a Wall Street Journal report which had been vehemently denied by RIL. The only official previous RIL involvement with the media was when it bought the Sunday Observer and launched the Business and Political Observer in 1991. Both those ventures were soon shut. Below is the full text of the RIL press release:
***
MUMBAI, 3 January 2011: RIL today announced that a part of the interest owned by it in the ETV Channels is being divested to TV18 Broadcast Limited (TV18). As a part of the deal, Infotel Broad Band Services Limited (“Infotel”), a subsidiary of RIL, has entered into a Memorandum of Understanding with TV18 and Network18 Media and Investments Limited (Network18) for preferential access to all their content for distribution through the 4G Broadband Network being set up by it.
As per the Memorandum of Understanding, Infotel shall have preferential access to (i) the content of all the media and web properties of Network 18 and its associates and (ii) programming and digital content of all the broadcasting channels of TV18 and its associates on a first right basis as a most preferred customer.
Infotel is setting up a pan India world class 4th Generation Broadband Network using state of the art technologies. Infotel expects to take a leadership position in content distribution through broadband technology through a host of devices. Digital content from entertainment, news, sports, music, weather, education and other genres will be a key driver to increase consumption of broadband.
RIL, through investments of about Rs.2600 crores, by its group companies, currently holds interest in various ETV Channels being operated and managed by Eenadu Group viz. (i) 100% economic interest in regional news channels, namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel (“News Channels”) (ii) 100% economic interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujarati and ETV Oriya (“Entertainment Channels”) and (iii) 49% economic interest in ETV Telugu and ETV Telugu News (“Telugu Channels”).
A part of the above investments comprising of 100% interest in News Channels, 50% interest in Entertainment Channels and 24.50% interest in Telugu Channels is being profitably divested to TV18 Broadcast Limited.
Network18 and TV18 have today announced that both the companies are raising funds for the acquisition of ETV Channels through a Rights Issue.
Independent Media Trust (“Trust”), a trust set up for the benefit of Reliance Industries Limited, has agreed to fund the Promoters of Network 18 and TV18 to enable them to subscribe to the proposed Rights Issue announced by both the companies today. The Promoter Companies of Network18 and TV18 and the Trust have entered into a Term Sheet under which the Trust would be subscribing to the Optionally Convertible Debentures to be issued by the Promoter Companies.
Reliance will leverage its deep understanding of the Indian markets – consumer insights, technological expertise, and the ability to build & manage scale – to make this a “win win” partnership. This will create value and be accretive to the shareholders of RIL.
Raghav Bahl and his team will continue to have full operational and management control of both the companies. Raghav Bahl and the current Promoter Entities of Network18 and TV18 will continue to retain control over Network 18 and TV18. RIL reposes full faith in the current leadership and management team of Network18 and TV18.
The investments in these media properties are being made by RIL through an independent trust which will have eminent individuals as Trustees, thus preserving the management, operational and editorial independence of these media companies.
The investment by the Trust in the Promoter Companies of Network18 and TV18, and the arrangement between Network18/TV18 and Infotel for the acquisition and distribution of content on the Infotel platform, is one of many such partnership initiatives being undertaken by Infotel.
The combination of India’s leading TV content provider, with a bouquet of nearly 25 channels, and Infotel, will be a significant step in bringing a high quality “live TV” experience to broadband customers across the country. Likewise, Network18’s market-leading web portals and e-commerce operations will provide several value added services to Infotel’s broadband subscribers. This unique alliance is expected to differentiate Infotel and create value for all stakeholders.
Today’s RIL announcement of a tie-up with Network 18 confirms a Business Standard story last month and makes nonsense of a Times of India story the following day that Rajeev Chandrasekhar was picking the ETV channels. The announcement also confirms a Wall Street Journal report which had been vehemently denied by RIL. The only official previous RIL involvement with the media was when it bought the Sunday Observer and launched the Business and Political Observer in 1991. Both those ventures were soon shut. Below is the full text of the RIL press release:
***
MUMBAI, 3 January 2011: RIL today announced that a part of the interest owned by it in the ETV Channels is being divested to TV18 Broadcast Limited (TV18). As a part of the deal, Infotel Broad Band Services Limited (“Infotel”), a subsidiary of RIL, has entered into a Memorandum of Understanding with TV18 and Network18 Media and Investments Limited (Network18) for preferential access to all their content for distribution through the 4G Broadband Network being set up by it.
As per the Memorandum of Understanding, Infotel shall have preferential access to (i) the content of all the media and web properties of Network 18 and its associates and (ii) programming and digital content of all the broadcasting channels of TV18 and its associates on a first right basis as a most preferred customer.
Infotel is setting up a pan India world class 4th Generation Broadband Network using state of the art technologies. Infotel expects to take a leadership position in content distribution through broadband technology through a host of devices. Digital content from entertainment, news, sports, music, weather, education and other genres will be a key driver to increase consumption of broadband.
RIL, through investments of about Rs.2600 crores, by its group companies, currently holds interest in various ETV Channels being operated and managed by Eenadu Group viz. (i) 100% economic interest in regional news channels, namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel (“News Channels”) (ii) 100% economic interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujarati and ETV Oriya (“Entertainment Channels”) and (iii) 49% economic interest in ETV Telugu and ETV Telugu News (“Telugu Channels”).
A part of the above investments comprising of 100% interest in News Channels, 50% interest in Entertainment Channels and 24.50% interest in Telugu Channels is being profitably divested to TV18 Broadcast Limited.
Network18 and TV18 have today announced that both the companies are raising funds for the acquisition of ETV Channels through a Rights Issue.
Independent Media Trust (“Trust”), a trust set up for the benefit of Reliance Industries Limited, has agreed to fund the Promoters of Network 18 and TV18 to enable them to subscribe to the proposed Rights Issue announced by both the companies today. The Promoter Companies of Network18 and TV18 and the Trust have entered into a Term Sheet under which the Trust would be subscribing to the Optionally Convertible Debentures to be issued by the Promoter Companies.
Reliance will leverage its deep understanding of the Indian markets – consumer insights, technological expertise, and the ability to build & manage scale – to make this a “win win” partnership. This will create value and be accretive to the shareholders of RIL.
Raghav Bahl and his team will continue to have full operational and management control of both the companies. Raghav Bahl and the current Promoter Entities of Network18 and TV18 will continue to retain control over Network 18 and TV18. RIL reposes full faith in the current leadership and management team of Network18 and TV18.
The investments in these media properties are being made by RIL through an independent trust which will have eminent individuals as Trustees, thus preserving the management, operational and editorial independence of these media companies.
The investment by the Trust in the Promoter Companies of Network18 and TV18, and the arrangement between Network18/TV18 and Infotel for the acquisition and distribution of content on the Infotel platform, is one of many such partnership initiatives being undertaken by Infotel.
The combination of India’s leading TV content provider, with a bouquet of nearly 25 channels, and Infotel, will be a significant step in bringing a high quality “live TV” experience to broadband customers across the country. Likewise, Network18’s market-leading web portals and e-commerce operations will provide several value added services to Infotel’s broadband subscribers. This unique alliance is expected to differentiate Infotel and create value for all stakeholders.
साभार : sans serif blog
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