Zee News Ltd has informed BSE that it has received an in-principle approval from the company's board to merge its news broadcasting business with Diligent Media Corporation Limited's news publication business, which currently prints and publishes the English daily newspaper 'DNA'. The company notes that this merger was decided considering the growth plans of the company and to leverage the existing business synergies between the print and electronic news media. Launched in 2005, Diligent Media Corporation is a 50:50 joint venture between the Zee group and the Dainik Bhaskar Group, although it is owned and operated by the Zee group. DNA currently has six editions - Mumbai, Bangalore, Pune, Ahmedabad, Jaipur and Indore. It also has three editions in Gujarat, Rajasthan and Madhya Pradesh on a franchisee basis with Dainik Bhaskar Group. It claims to have a readership of 0.97 million as per the latest Indian Readership…
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