Media In India/elsewhere -3

[simplyrohit21]

Not sure how is this going to turn out; already Network18 has a recorded and substantial anti-Hindu stance (even the movies funded by them have crypto-christian elements). Now, they've acquired the very nationalistic regional channel network of ETV which broadcasts responsible content (not sure about AP but at least in the Hindi belt that seems to be the case). Apparently the last few bastions of nationalistic media houses are also going to be sold out to cryptos. The fact that its backed by Reliance makes it no better;as such Reliance only favors what appears profitable to them. So apparently only internet would be left for independent opinion.



[url="http://www.dnaindia.com/money/report_funded-by-ril-trust-network18-buys-etv-channels-from-ril_1633152"]Funded by RIL Trust, Network18 buys ETV channels — from RIL[/url]

Here’s how: Broadcaster Network 18 on Tuesday announced plans to acquire various channels (some fully, some partially) of ETV for Rs2,100 crore, using money lent by Independent Media Trust, which is promoted by Reliance Industries Ltd (RIL).



ETV, promoted by Hyderabad-based media baron Ramoji Rao, is also substantially owned by RIL through its investment vehicles.



Network18, with a market cap of Rs1,881 crore as of Tuesday, will make a rights issue of Rs5,400 crore (Rs2,700 crore each in group companies TV18 Broadcast and Network18 Media & Investments).