wordpress blog stats
Connect with us

Hi, what are you looking for?

STAR Picks Up Majority Stake In Asianet; Chandrasekhar Eyes News Channel, Newspaper Buys

star deals

News Corp owned STAR TV is forming a joint venture with Rajeev Chandrasekhars Jupiter Entertainment Ventures - STAR Jupiter Entertainment Television. STAR Jupiter will be a majority shareholder in Asiannet communications, reports News Corp owned Dow Jones Newswire. STAR will hold at least 51 percent in the venture, and STAR CEO Uday Shankar has told Indiantelevision.com that the news business will not be a part of the portfolio, since only 26% FDI is allowed in the News business. Murdoch wants to enter the news business - but is now interested only in businesses where News Corp will be a majority stakeholder. Asianet has been restructured into four companies - general entertainment, news, radio and media infrastructure, and it appears that STAR Jupiter will be involved only with the General Entertainment business to begin with. The STAR-Jupiter deal had been reported by the Economic Times in August, around the time when Rupert Murdoch had visited India. One sensed that the deal had been done, when it was reported a few days ago that Asianet was looking to buy an English news channel, and a vernacular paper. During his visit to India, Murdoch had expressed an interest in the regional television space in India, saying that STAR will invest $100 million, and set up 6 channels. Vijay, a Tamil General Entertainment Channel (GEC) owned and operated by STAR will be transferred to STAR Jupiter. STARs current portfolio in India includes STAR Plus, Gold, One, Utsav, Cricket, Vijay, Movies, Jalsha, Ananda, World, News…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ