ITV

Tag: TGBCL

  • Times Television Network, TheOneAlliance terminate distribution alliance

    Times Television Network, TheOneAlliance terminate distribution alliance

    MUMBAI: When the Telecom Regulatory Authority of India (TRAI) came out with its regulation on the fate of the content aggregators, the industry did predict that many networks could now move out of the current distribution ventures. And clearly they weren’t wrong.

     

    The first to move out of the joint venture was Star India and Zee TV as they announced the disbanding of MediaPro and setting up of their independent cable TV affiliate distribution teams. If this wasn’t enough, MediaPro also decided to not renew its distribution deal with New Delhi Television (NDTV) with effect from 1 April and Media Content & Communications Services (MCCS) and MGM programming Service India (MGM) with effect from 16 April. As a result of this, NDTV (NDTV India, NDTV 24×7, NDTV Good Times and NDTV Profit), MGM (MGM) and MCCS (ABP News, ABP Majha and ABP Ananda) decided to distribute their respective channels through their own independent affiliate teams.

     

    While this was just the beginning, now through a public notice published in the leading newspapers, Times Television Network has informed the stakeholders, that starting 1 April, the network will no longer be distributed by the content aggregator TheOneAlliance. “MSM Discovery has ceased to distribute the Times channels effective 1 April,” reads the public notice.

     

    “This is to inform all concerned that with effect from 1 April 2014, Times Global Broadcasting Company Limited (TGBCL) is the sole and exclusive distributor for the television channels namely, Romedy Now, Romedy Now+, Zeem, ET Now (of Bennett, Coleman & Co.), Movies Now (of Zoom Entertainment Network) and Times Now (of Times Global Broadcasting Co.) all forming part of the Times Television Network,” adds the notice.

     

    With this, the channels will now be distributed solely and exclusively by TGBCL that will undertake all activities that are necessary, ancillary and incidental for effectively distributing the channels throughout the country.

     

    TGBCL will also be responsible for collection of subscription revenue for the channels, through the distribution platforms comprising analogue cable, digital cable, DTH, IPTV, HITS, OTT, 4G and new emerging digital technology platforms, hotels and commercial establishments and marketing and channel penetration activities.

  • ET Now ready to unmute business news

    ET Now ready to unmute business news

    MUMBAI: English business news channel ET Now was launched today with the promotional tagline “unmute business news.”

    Indiantelevision.com had earlier reported that the channel from the Times Global Broadcasting Co Ltd (TGBCL) stable would launch on 22 June.

    Says TGBCL CEO Chintamani Rao, “The Economic Times is India’s premier source of news for and about business and now it’s on television. Together The Economic Times and ET Now have unmatched news gathering prowess and unparalleled access to people who matter in and to business. All day ET Now will bring viewers not just market data but a 360-degree understanding of the markets, with news, analysis and commentary for investors and market professionals. And, of course, with the credibility of The Economic Times.”

    On the programming front, ET Now will focus on the markets during morning hours, interspersed with regular business updates and bulletins on leading business and corporate developments of the day.

    The channel will commence the day with Morning Mantra at 7 am to air exclusive ET stories. At 9 am there will be Pitch Report, to be followed by Opening Shots at 9.30 am hinting at the market moves.

    At 12.30 pm a show on personal portfolio will come in From The Stands to be followed by Closing Shots at 2 pm. Garam Masala, a show on commodities, will follow next at 4 pm.

    Markets Tomorrow at 5.30 pm will review the day’s activity to crack the maket code for ‘tomorrow’. At 8 pm, ET Now will recap the day’s biggest corporate stories with Business First while ET Inc at 9 pm will get an in-depth analysis of the biggest and most important stories of the day. 10 pm, meanwhile, will be the time to look at the 10 biggest stories of the day across Indian and global business, politics, entertainment and sports with Top 10 @ 10.

    On weekends, the channel programming will offer a blend of features, special reports and reviews covering diverse subjects ranging from technology and automobiles to marketing and advertising.

  • Times Global Broadcasting plans to raise $50 mn via stake sale

    Times Global Broadcasting plans to raise $50 mn via stake sale

    MUMBAI: Times Global Broadcasting Corporation Ltd, which is readying to launch business news channel ET Now, is on the hunt for an investor to raise close to $50 million (Rs 2.5 billion).

    The company is looking at a dilution of 25-26 per cent equity and has mandated UBS Securities India to help in this pursuit, sources say. When TGBCL launched the English general news channel, it had roped in Reuters as a strategic partner with a 26 per cent holding.

    The valuation at around $200 million (Rs 10 billin) seems to be steep at a time when the market cap of media companies has contracted in the wake of a global financial turmoil.

    When contacted, both Times Global Broadcasting CEO Chintamani Rao and UBS Securities declined to comment.

    TGBCL has suffered a net loss of Rs 720 million on a revenue of Rs 643.2 million for FY’08, according to a presentation made to potential investors. The estimated loss for FY’09 is Rs 1.15 billion on a turnover of Rs 931.2 million.

    The company recently signed an agreement with Reuters to source financial and business content for ET Now. Last year, Reuters divested its 26 per cent stake in Times Global Broadcasting.