Jagran Media Network, the holding company of Jagran Prakashan will receive an investment of Rs 2.25 billion (around $50 Million) from US private equity group Blackstone. The deal for an undisclosed stake in the company will be put forward for approval from India's Foreign Investment Promotion Board. Foreign investors are allowed up to 26 percent in news companies or news broadcasters in India. On the digital side, Jagran has a tie-up with Yahoo India for Jagran.com, Online Classifieds business Khojle.in, reverse auction portal Jeetle.in, and also a Mobile Value Added services company called J9 Ventures. The media house publishes 37 editions and over 200 sub-editions of its newspaper Dainik Jagran, a tabloid called City Plus (23 editions), and I-Next, a bilingual newspaper. In Talks With Mid-Day Multimedia Both Jagran and the tabloid Mid Day Multimedia have clarified to the BSE that they are in discussions, without explicitly stating the details of their potential alliance. Mid-Day has said that they are "in talks with various media partners and examining the possibilities for strategic & operational alliances", while Jagran Prakashan has said that they "keep talking to various media houses and exploring the possibilities of equity and non-equity participation based alliances" and have had discussions with Mid-Day Multimedia Ltd. Yesterday, the Financial Express had reported that Jagran is in discussions with Mid-Day for a strategic alliance or possibly a stake. The investment has come close to the heels of Ireland based Independent News & Media Investment Ltd selling off 7.8 percent of its stake in Jagran Prakashan.…
- Final Call: Exploring User Verification, 23rd Mar, 2023, Delhi #Ad March 22, 2023
- MediaNama Daily: We are not so certain about the CERT-In rules March 22, 2023
- How many crypto exchanges registered with India’s FIU following government notification? March 21, 2023
- Why is Twitter’s move to withhold accounts amid internet shutdown in Punjab problematic? March 21, 2023
- RTI: No details on how many entities have complied with CERT-In’s cybersecurity directions March 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...
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...