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ITV Media (India News) Acquires Engish News Channel NewsX

English language tv news channel, NewsX, has been acquired by Information TV, which is owned by Kartikeya Sharma's ITV Group, reports afaqs. The monetary details of the transaction have not been disclosed. Originally launched by ex-Star India CEO, Peter Mukerjea and led by his wife, Indrani Mukerjea, News X was sold to Indi Media Network, a Joint Venture between Nai Dunia owner Vinay Chhajlani and former BusinessWorld editor, Jehangir Pocha, in 2009. According to the report, Pocha will continue as the Editor-in-chief. Chhajlani and Pocha have issued a joint-statement confirming the acquisition, and said that being part of the ITV Group will help NewsX "transcend the limitations of being a stand-alone channel" and give new thrust to the channel’s editorial and commercial development. Earlier this year, there were reports that the Zee Network was interested in acquiring a 51% stake in the news channel, and to leverage it in order to make a foray in the English language news channel segment. Here's a brief timeline of the News X saga: - March 2008 : Peter Mukerjea founded INX Media launching news channel News X, entertainment channel 9X and music channel 9XM. - January 2009: News X is acquired by Indi Media Network, a Joint Venture between Nai Dunia owner Vinay Chhajlani and former BusinessWorld editor, Jehangir Pocha. - March 2010: The new owners announce that the channel will be revamped and rebranded as IMN News in September-October 2010. But this re-branding never takes place. -  July 2012: NewsX is sold to ITV Media. ITV…

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