wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , ,

CNN renews its partnership with with TV18 for CNN-IBN

Network18

TV18 has renewed its partnership with US-based broadcaster CNN International and has extended its collaboration on the former’s English news channel CNN-IBN. In the second term of the partnership, CNN-IBN will get access to CNN’s reporters and senior editors around the world to provide international perspective. Although, it is unclear if CNN International’s reporters will come to India to report from ground.

The new channel will also get first live reports and discussions in real time from CNN studios around the world during breaking stories. CNN will also provide the technical knowhow and training to CNN-IBN anchors and editors.

Earlier in June, TV 18 said that it would be ending its 10-year brand licensing deal with Turner Broadcasting Systems and the channel would lose the CNN prefix in January 2016. At the time, both the companies mentioned that it was not a breakup but instead a mutual agreement to not renew the brand licensing agreement.

The initial deal was signed between CNN and TV18 group company Global Broadcast News (GBN). GBN was later rebranded to IBN18 Broadcast, then TV18 Broadcast, and currently operates CNN-IBN which was launched in 2005. TV18 also operates Hindi news channel IBN7 and Marathi news channel IBN Lokmat.

The move takes prominence as the Indian government earlier in November raised the cap on foreign direct investment in news media from 26% to 49% through the government approval route. For non-news channels,  the government allowed 100% FDI through the  auto route.

Interestingly, a Mint report had earlier reported that CNN is in talks with the Zee Group to set up a new English news channel in India, citing sources.

Financials: TV18 posted a net profit of Rs 20.26 crore for the quarter ended September 20, 2015 (Q2-FY16), an increase from the net loss of Rs 0.04 crore from the previous quarter, although a decrease from Rs 43.22 crore profit in the same quarter last year.

The company reported total operational revenues of Rs 608.53 crore for the quarter, up 2% from Rs 596.67 crore in the previous quarter and up 9.9% from Rs 553.67 crore in the same quarter last year.

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

Views

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

News

By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...

News

By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...

News

By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...

News

This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like

News

Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...

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