Archive for June, 2009
Big TV in talks with Carlyle, Providence for funds
Source: The Economic Times NEW DELHI: BIG TV, a pay-TV company owned by Anil Ambani’s Reliance Communications, is in advanced talks with private equity firms Carlyle Group and Providence Equity to sell a minority stake and raise capital, according to two persons familiar with the situation. Deutsche Bank has the mandate to facilitate the deal for the direct-to-home (DTH) TV service provider, said the first person, adding that Big TV is looking to divest about 20% in tranches, of which 10% will be sold now for around $50-75 million. Carlyle has emerged as the front runner to clinch the deal, the »»»
Astro to infuse Rs 1 bn for stake hike in Sun TV’s radio subsidiary
Source: Indiantelevision.com MUMBAI: Astro’s South Asia Multimedia Technologies Ltd (SAMTL) will infuse between Rs 750 million to Rs 1 billion into Sun TV Network’s radio subsidiary company South Asia FM Ltd (SAFL) where it has expressed intent to up its stake from 6.98 per cent to 20 per cent. The follow-up to this fund inflow will be a capital restructuring in SAFL. As reported earlier by Indiantelevision.com, Sun TV’s stake would likely fall by five per cent to 60 per cent. “SAMTL will pump in between Rs 750 million to Rs 1 billion for the stake hike,” says a source »»»
Hit FM launches Michael Jackson Challenge contest
Source: Televisionpoint.com Delhi based radio station Hit FM has launched an new contest, called the Michael Jackson This Is It Challenge, which asks its listeners to come on-air and sing Michael Jackson’s (popularly known as MJ) records. Hit has roped in Idea Cellular as the sponsor for the challenge. Neetu Puri Mathrani, programming head, Hit FM, says, “Hit FM has always given Delhi and our partners a unique blend of programming. We are happy to partner with Idea to present The Michael Jackson This Is It Challenge, another unique music show for our listeners.” Neetu adds, “Our »»»
Astro to up stake in Sun TV’s radio subsidiary by 13%
Source: Indiantelevision.com MUMBAI: Malaysia-based Astro Group is increasing its stake in Sun TV Network’s radio subsidiary South Asia FM Ltd (SAFL) by 13.02 per cent, says a source familiar with the development. South Asia Multimedia Technologies currently owns 6.98 per cent stake in SAFL and has expressed intent to enhance its stake to 20 per cent through fresh capital infusion. As reported earlier by Indiantelevision.com, Astro would be picking up equity in SAFL and Sun TV’s stake would likely fall by five per cent to 60 per cent. It is not clear yet what NDTV’s holding would »»»
Fever FM Delhi rolls out new show ‘Fever No.1′
Source: Indiantelevision.com MUMBAI: HT Media’s Fever 104 FM Delhi has introduced a special one-hour show titled ‘Fever No.1 Show’ that will be aired every morning between 9 and 10. In the show, DJ Lokesh will be joined by his interesting friends called Sexy Suzie, Bappa Da Band and Danda Singh. Sexy Suzie, will be heard adding colour to the show with her sultry style and the occasional kiss giveaway to the lucky listeners. Bappa Da Band, the musical maestro, is a silent participant who communicates through sound. Danda Singh is the all new cop on the beat. He will project the »»»
Indian DTH Market Forecast to 2012
Source: Research and Markets The direct-to-home (DTH) TV sector in India continues to expand rapidly, attracting large investments from new and existing players over the past few months and is showing no signs of slowing down due to economic recession. The DTH market which began commercial operations in 2003 has been able to acquire over 12 Million subscribers during the past five years. The number of DTH subscribers has nearly tripled in 2008 compared to the previous year, driven by the entry of two new players. As per our new research report “Indian DTH Market Forecast to 2012”, the number »»»
Airtel digital TV added Bindass, India News & DD Oriya Channels
Good News for all Airtel digital TV subscribers. Three new channels have been added. ...
