ITV

Tag: Chris Ripley

  • Sinclair to take ANI’s My India to US TV homes

    Sinclair to take ANI’s My India to US TV homes

    MUMBAI: My India is going to Uncle Sam. Indian news Agency Asian News International (ANI) and  Sinclair subsidiary Sinclair  Broadcast have signed an agreement wherein the latter will take the former’s weekly TV programme My India to major American cities.

    Launched in Q2’24 and produced by  ANI, My India offers a 30-minute in-depth reportage and analysis of  India’s economy, vibrant culture and growing impact on the global stage. My  India also captures the deepening people to people (P2P), business to business (B2B) and government to government (G2G) ties between two of the most important democracies in the world. 

    Hitherto, the show could  be viewed in the US through Komo TV’s FAST channel and its affiliated YouTube channel, and on Tag Tv’s You Tube channel in the US and Canada.
     

    My India the TV show

    My India will be made available across the US  in Washington DC, California, Rhode Island, Ohio, Michigan, Florida,  Indiana, Seattle, Baltimore, Texas, and Wisconsin among others over Sinclair-owned  TV stations affiliated with ABC, CBS, NBC, and Fox.
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    Said Sinclair  president & CEO Chris Ripley: “The expanded distribution of My India highlights the close connections between the world’s oldest democracy and the world’s largest democracy. We look forward to continuing our partnership with  ANI.”

    Said ANI CEO Sanjiv Prakash: “The relationship between  ANI and  Sinclair  has already proven to be successful and is a testament to the strong bond between the US and India. We are excited to reach a broader audience in the US, including the  Indian diaspora and beyond. We look forward to bringing My  India showcasing unique and personal stories highlighting  India’s ancient culture and thriving traditions to more homes in America.” 

    The expanded partnership between Sinclair and  ANI builds on the solid foundation established between the two companies with a joint mission to provide high quality news stories from  India and the broader south Asia region to a diverse set of American audiences interested in understanding the  India story, said an ANI press release. 

  • Sinclair Broadcast buys Bonten Media in US$ 240m deal

    MUMBAI: Sinclair Broadcast Group has announced that it has entered into a definitive agreement to purchase the stock of Bonten Media Group Holdings, and Cunningham Broadcasting Corporation has entered into a definitive agreement to purchase the membership interest of Esteem Broadcasting for an aggregate purchase price of $240.0 million.

    Sinclair, pro forma for all pending transactions, the company will own, operate and/or provide services to 191 television stations in 89 markets, broadcasting 551 channels.

    Bonten owns 14 television stations in eight markets which reach approximately 1% of the U.S. TV households and provides services to four stations pursuant to joint sales agreements with Esteem Broadcasting. Completion of the transaction is subject to the satisfaction of customary closing conditions, including approval by the Federal Communications Commission (“FCC”) and antitrust clearance, as applicable.

    The Company anticipates that the transaction will close and fund with cash on hand in the third quarter of 2017, subject to the satisfaction of the closing conditions.

    “We look forward to welcoming the Bonten employees into the Sinclair family and are pleased to be growing our regional presence in several states where we already operate,” commented Sinclair president and CEO of Chris Ripley. “We believe our economies of scale help us bring improvements to small market stations, including investments in news, other quality local programming, and multicast opportunities with our emerging networks of Comet, Charge! And TBD.”

    Including the Bonten station acquisitions, all previously announced acquisitions, and pro forma for expected synergies, the Company’s 2015 and 2016 media revenues would have been $2.236 billion and $2.620 billion, respectively. The $240.0 million purchase price represents a 6.7x multiple and is expected to be on average approximately $25 million accretive to our free cash flow on an annualised basis.