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Network18 realigns its businesses into TV and non-TV entities

The Network18 group has re-organized itself into the new TV18, which will include all TV businesses of the group (CNBC-TV18, CNN-IBN, IBN7, CNBC-Awaaz and the group’s 50 per cent stake in Colors, MTV, Nick, VH1 and IBN Lokmat), and the new Network18 which will hold a controlling interest in new TV18, operate the group’s digital (Web18), publishing, sports and event management businesses and also hold the group’s investments in HomeShop18, Newswire18, DEN, Yatra.com and Capital18.

The Network18 group has re-organized itself into the new TV18, which will include all TV businesses of the group (CNBC-TV18, CNN-IBN, IBN7, CNBC-Awaaz and the group’s 50 per cent stake in Colors, MTV, Nick, VH1 and IBN Lokmat), and the new Network18 which will hold a controlling interest in new TV18, operate the group’s digital (Web18), publishing, sports and event management businesses and also hold the group’s investments in HomeShop18, Newswire18, DEN, Yatra.com and Capital18.

Haresh Chawla, Group CEO, Network18, has said, “The future will belong to networks and the new TV18 is a decisive move aimed at continued leadership. The new Network 18 remains well-poised to exploit the gamut of opportunities offered by the television space and multiply that by the significant moves it has been making in new media, print, home-shopping and other emerging businesses.” According to the Network18 group, the new restructuring will be effective from April 1, 2010.

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