Tag: CNNIBN

  • Sagarika Ghose tweets goodbye to CNN-IBN

    Sagarika Ghose tweets goodbye to CNN-IBN

    MUMBAI: Like so many others before her, she took to Twitter to announce her departure from the network she has been associated with for so long. CNN-IBN deputy editor Sagarika Ghose tweeted late on the night of 3 July: “Goodbye CNN-IBN. God bless!”

     

    Sagarika had gone on leave with her husband  IBN18 editor in chief Rajdeep Sardesai  last month and expectations were that she would return if one went by the email he had sent out to his team about their departure. 

     

    Speculation, however, was that she would not return to the channel – part of the Network18 group, now owned by Mukesh Ambani’s Reliance Industries – and would probably hop over to the Aroon Purie and TV Today Network owned English news channel Headlines Today.

     

    She also sent out a message to her colleagues at CNN-IBN in which she stated that she was leaving to try her hand at something “a little more challenging and creative, explore new vistas in reportage and commentary after almost a quarter of a century in journalism, among them 9 fabulous years at CNN-IBN.”
     
     
    She added in the message: “CNNIBN has not only been an integral part of my life for almost every waking minute these past years, but more important, working with you has been a joy and an honour. At CNNIBN, an incredible team of professionals brought total commitment and integrity to reporting the news. We put journalism first and because of that we became a trusted and much loved brand.
     
     
    “A free fearless press is the infrastructure of democracy–without it the term “citizenship” is diminished indeed. CNNIBN was always free and responsible! That’s why it became such an incredible success, so beloved of viewers. We created magic and that magic touched millions of lives, and the magic will remain with each of us always! The words of John Tusa, the venerable former director general of BBC World Service come to me: “Journalists cannot become the outriders of authority…but the freedom we have is the freedom to be responsible,” continued Sagarika in the message.
     
     
    She ended it with: “Good bye is an unhappy word. I prefer au revoir..until we meet again.”

     

    It is not known whether Rajdeep too will be following in the footsteps of his wife and announcing his departure from the news network, but once again speculation is that it is only a matter of time. Apparently, he has an offer to pen a book from Penguin.

     

     

    Sagarika is the daughter of former DD director general Bhaskar Ghose, who strove to change the face of the pubcaster.

     

    Meanwhile, even as she posted her farewell on Twitter and in a message, her husband announced on Twitter that he is  “reading Dilip Kumar bio and listening to SJ/Mukesh/Shailendra classic: yeh mera deewanapan hai.. Bliss! Gnight, shubhratri.”

  • Reliance Industries gets board approval to fund Network18 group acquisition

    Reliance Industries gets board approval to fund Network18 group acquisition

    MUMBAI: We predicted that the executive exodus at Network18 was a precursor to Reliance Industries Ltd (RIL) engineering an acquisition. (Read: More Network18 senior management to exit as Reliance begins to take full control) of the Raghav Bahl led Network18 Media.

     

    And it has turned out to be true. RIL, late this evening, announced to the BSE that it has got board approval to pump in Rs 4,000 crore into the Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network18 Media & Investments Ltd (NW18), including its subsidiary TV18 Broadcast Ltd (TV18) and the open offers to be made consequent to the acquisition.

     

    NW18, as is known is the owner of a premier suite of digital internet properties, ecommerce businesses, and differentiated broadcast content.

     

    IMT is expected to use the funds to acquire control over NW18 and TV18 resulting in the ownership of about 78 per cent in the former and 9 per cent in the latter and to acquire shares tendered in the open offers.

     

    Further in terms of SEBI (substantial acquisition and takeover regulations) 2011, IMT would be making an open offer to public shareholders for acquisition of NW18, TV18 and Infomedia Press Ltd equity shares. IMT would be simultaneously making a public announcement under takeover regulations. RIL would be a person acting in concert to the open offers.

     

    The acquisition will help differentiate the RIL 4G business, says the press release, by providing a unique amalgamation at the intersect of telecom, web and digital commerce via a suite of premier digital properties. The suite includes: in.com, IBNLive.com, Moneycontrol.com, firstpost.com, cricketnext.in, HomeShop18, bookmyshow.com. The broadcast channels include: Colors, CNNIBN, CNBCTV18, IBN7 and CNBC Awaaz. 

     

    “It was bound to happen,” says a media observer. “Mukesh Ambani has made a huge 4G play. He needs content to be pumped over the network to make the 4G investment pay off more, because consumers need video on 4G. By acquiring the NW18 and TV18 properties, he’s got a quick entry into the content and ecommerce space.  However, RIL, which, is very financially driven, will do well to leave the content creators alone and not try and force too much financial efficiencies onto them. If they do allow the creative to flow with some financial caution as is the practice in NW18 and TV18 group, then they could well have a robust, differentiated content business. Otherwise…”