Tag: Rajat Sharma

  • Chintamani Rao to replace Sunil Lulla as Times Now CEO

    Chintamani Rao to replace Sunil Lulla as Times Now CEO

    MUMBAI: Chintamani Rao has been appointed CEO of Times Global Broadcasting – Bennett, Coleman & Co Ltd’s broadcast arm that owns and operates English news channel Times Now.

    Rao replaces Sunil Lulla, who has resigned as of Thursday and is joining production house and soon to be broadcaster Miditech.

    When contacted, Rao would only say, “I will reveal my plans within the next four weeks.”

    Times Group officials were unavailable for comment at the time of filing this report.

    It was last Friday that it was announced that Rao had resigned from the post of CEO of Rajat Sharma’s Independent News Service (INS), which owns and operates Hindi news channel India TV. A media industry veteran with over 30 years in the business, Rao joined India TV in September 2005 from Universal McCann Integrated Communications, where he was president.

  • India TV CEO Chintamani Rao quits

    MUMBAI: Chintamani Rao has resigned from the post of CEO of Rajat Sharma’s Independent News Service (INS), which owns and operates Hindi news channel India TV.

    While confirming his resignation, Rao refused to give any indication as to where his next port of call would be. “I will reveal my plans within the next four weeks,” was all he was willing to offer.

    Rao’s exit comes close on the heels of India TV managing editor Rohit Bansal’s elevation last week to INS COO. The post is a newly created one.

    India TV chairman Rajat Sharma said , “India TV has achieved the big league in the Hindi News genre in the last one year on the back of innovative news programming and a strong distribution push. A strong team is ready andeager to achieve the next level in sales and branding.”

    Rao, an advertising veteran of more than three decades before he joined India TV said, “It will be very satisying to see India TV and brand Rajat Sharma becoming bigger.”

  • Shyam Equities takes 20% stake in Rajat Sharma’s INS for Rs 1 billion

    Shyam Equities takes 20% stake in Rajat Sharma’s INS for Rs 1 billion

    MUMBAI: Rajat Sharma’s Independent News Service Private Limited (INS), the holding company of India TV, has announced the offloading of 20 per cent stake to Bangalore-based Shyam Equities Private Limited. Shyam Equities is paying Rs 1 billion for the stake, which gives INS an enterprise valuation of Rs 5 billion.

    According to a company release, INS’s enterprise valuation is up a whopping 86 per cent from Rs 2.7 bilion nine months ago.

    Since Shyam Equities is a 100 per cent Indian entity, the foreign individual, foreign company, NRI, OCB, FII and PIO holding in INS remains unchanged.

    The investment information has been filed with the information and broadcasting ministry.

    Sharma expressed “excitement over the strategic growth blue print that will be executed 2008”. The blue print, Sharma said, includes large investments in key strategic areas beyond India TV. This includes a bouquet of channels, a distribution blitz in key international markets, and a significant entry into non-news and non-television media.

    In March last year Fuse+ Media, an entity of ComVentures, a leading Silicon Valley-based venture capital and private equity group with over $1.5 billion of assets under management, had placed an equivalent of Rs 509 million of FDI in INS for a 19.17 per cent stake.

  • India TV expands editorial team

    India TV expands editorial team

    MUMBAI: The Rajat Sharma — promoted India TV has announced three new appointments within the editorial team in the Hindi news and current affair channel.

    The news channel has roped in Aaj Tak’s senior special correspondent Kumar Rajesh as the executive editor. Rajesh, in the past had been associated with Rajat Sharma through the news property Aaj ki Baat as an anchor as well as the associate editor. Earlier, he had worked with Sahara news channel.

    Channel7 senior editor news gathering Prashant Tandon has been brought in to take reponsibility in a similar position. Tandon had earlier worked with Star News, Sahara UP news channel and also for a news based show Rozana produced by BAG Films for DD.

    Nepal 1 executive producer Kishore Kumar Malviya has been appointed as senior editor. Malviya had been associated with Zee News and Navbharat Times.

    In an official statement issued, India TV editor in chief Rajat Sharma says, “We are delighted to welcome Kumar, Prashant and Kishore. I have no doubt that Kumar’s 14 years in television journalism will be a huge asset in India TV’s next phase of growth.

    “Prashant has rich experience in strategic planning and content management and you will be seeing his impact in India TV’s news gathering operations almost immediately. Kishore brings in all-round skill sets across the news gathering and output functions besides having been out there in sensitive field assignments.”

  • Murdoch: Still hungering for DTH

    Murdoch: Still hungering for DTH

    There was great speculation whether Rupert Murdoch would do it again – raise the DTH issue, which has got Star TV into trouble time and again in the past, what with rivals rushing to ministers and getting them to unenthuse over-excited information and broadcasting ministers about allowing it in India. But Murdoch apparently seems to have been undeterred by the past, when he met with I&B minister Arun Jaitley. He popped the same proposal: allow DTH. In a different garb though.

    The minister – in a meeting with journos – said that Murdoch has proposed that he will use DTH for long-distance education in India in conjunction with the Internet, a proposal former ISkyB number 2 Urmilla Gupta has been flaunting for some time now. Jaitley said that Murdoch told him that he was considering tying up with some Indian Universities to promote distance education and health training.

    In a forty minute discussion with the Minister, Murdoch said that he was in favour of an open skies policy wherein he expected the Govenment’s whole-hearted support. Murdoch also highligthed the fact that Ku-band broadcasting is not harmful and it is the wave of the future and India cannot be left out of it. True, because even a so-called totalitarian (in Murdoch’s words) state like China is experimenting with DTH.

    When asked about the restructuring of Star TV, he said that the process was still on but there was no time-frame for its completion. Mr Murdoch further revealed that he had picked up a small stake in a Bangalore based IT company about which no details were disclosed by him.

    Murdoch told reporters that Star TV is considering going in for an for an Initial Public Offering but a time frame for it has not been set as yet. He later met Information Technology Minister Pramod Mahajan with whom he discussed infotech policy outlines, and also discussed the old bubear, DTH, and convergence in India.

    Later at night, Murdoch attended a bash thrown by Star TV on behalf of Janata Ki Adalat host Rajat Sharma where even Prime Minister Atal Behari Vajpayee was supposed to turn up.

    After the party, he flew into the night in his private jet, headed for Hong Kong to ensure his partnership with C&WHKT is fine fettle and sort out other issues relating to Star TV in Asia.