Anil Ambani's Reliance ADA group is delisting its Reliance Broadcast Network business from the stock exchanges, with shares of RBNL being acquired by Reliance Share & Stock Brokers Private Limited (R-Share), Reliance Land Private Limited (R-Land) and Reliance Capital Limited (R-Cap). RBNL includes businesses like 92.7 BIG FM, and TV channels BIG Magic, BIG RTL Thrill and production house BIG Production. It's worth noting that CBS Studios and Reliance Broadcast Network Ltd terminated their 50:50 joint venture in India last week, three years after the two media companies had partnered to launch TV Channels in the country. The JV had launched three channels: Big CBS Prime (Premium General Entertaiment Channel), Big CBS Love (for women) and Big CBS Spark (Music). The Radio business has been doing well for RBNL, but it's the TV business that has been bleeding. In Q2-FY14, RBNL reported an operating income of Rs 58.59 crore, and a loss of Rs 18.69 crore, with the Radio segment reporting revenues of Rs 49.8 crore and a profit of Rs 4.97 crore. The TV business, on the other hand, reported revenues of Rs 8.66 crore, and an EBITDA loss of Rs 16.97 crore. Details. Net Worth of the company, as on 31st March 2013 was negative. Business Standard reported a couple of days ago that RBNL will focus on its Big Magic brand, and focus on comedy/light entertainment, and local original content rather than international content, with RBNL CEO Tarun Katiyal pointing out that "the audience for international content have moved to digital rather than…
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