Nigel Chapman, Director of BBC World Service (L), Pooneh Ghoddoosi, BBC Persian presenter (C) and Behrouz Afagh, Head of BBC World Service's Asia and Pacific Region (R) attend a press conference at the Foreign Press Association in London for the launch of BBC Persian television, on Janu... View Photo »
Nigel Chapman, Director of BBC World Service (L), Pooneh Ghoddoosi, BBC Persian presenter (C) and Behrouz Afagh, Head of BBC World Service's Asia and Pacific Region (R) attend a press conference at the Foreign Press Association in London for the launch of BBC Persian television, on Janu... View Photo »
Traveler Trains for Virgin... Virgin Galactic is now offering sub-orbital space flights for citizen astronauts. Discovery News' Kasey-Dee Gardner caught up with one of the fliers on the maiden voyage to find out about his experience. Full Article at Discovery Channel
Shedding 76% in deal worth $67 m. Media group NDTV announced on Tuesday that it has reached an agreement to sell 76 per cent of its stake in its entertainment channel NDTV Imagine to Turner Asia Pacific Venture Inc. Full Article at Hindu Business Line
Parent channel could be focusing more on news. NDTV's stake sale in NDTV Imagine has been done at fairly attractive valuation, going by the deal size and the revenues of some of the general entertainment channel (GEC) peers. Full Article at Hindu Business Line
New Delhi: Broadcaster New Delhi Television Ltd (NDTV) said on Tuesday it had signed a deal with Turner Asia Pacific Ventures Inc. , a Time Warner Inc. company, to sell a 76% indirect stake in entertainment channel NDTV Imagine Ltd for $67 million... Full Article at livemint.com
Turner International has signed an agreement in principle to acquire 92 per cent of NDTV Imagine
This deal will enable NDTV to become debt free at the consolidated level. It will also provide NDTV Imagine with enough funds for operations
In the last two months, we have successfully concluded a four-part restructuring. Once concluded, the transactions will leave the NDTV group debt-free and cash surplus on a consolidated basis.
These were an overhang on the stock