News Broadcasting
TV9 plans to invest Rs 1.2 billion in regional news channels, Africa operations
MUMBAI: Hyderabad-based Associated Broadcasting Company PVT Ltd. (ABCL) promoters are planning to invest Rs 1.2 billion in regional news channels and starting African operations.
ABCL will be pumping in Rs 200 million for TV9 Kannada, the recently launched news channel. The company is also considering launching news channels in Marathi and Gujarati languages which would consume an additional Rs 400 million. “We will take a final call on this in 4-6 months. We hope our Kannada channel, which we launched on 7 December, would have stabilised by then,” says ABCL vice president operations KVN Murthy.
The promoters plan to expand to Africa through a separate company and initially pump in Rs 600 million for the venture. “We see opportunities there, particularly in cable operations. We are also looking at local language content which would be a mixture of entertainment and news. We plan to initially invest Rs 600 million and are exploring options of going through the joint venture route with a local partner,” says Murth
ABCL has already invested close to Rs 200 million in TV9 Telugu. The company is 80 per cent owned by iLabs, a venture fund, and Unified Group. The balance 20 per cent is held by Ravi prakash and five other professionals.
Expansion into other language channels is also on the radar. “We may step into new geographies and are looking at the other regional markets except Tamil and Malayalam where there are entrenched players,” says Murthy.
The company may raise capital through private placement or dilution to strategic investors if it decides to go ahead with the expansion plans. “We want to first have a strong presence in the two regional markets before we decide to take a look at various valuation opportunities including tapping strategic investors. Our Telugu channel is doing well. We hope TV9 Kannada would break even in 18-20 months,” says Murthy.
ABCL clocked a revenue of Rs 106 million in FY06. “we expect our revenues to double this fiscal and we should touch Rs 340 million in FY08 through our existing operations alone. We are EBITDA positive since this April,” says Murthy.
News Broadcasting
CNN-News18 to air live counting day coverage for five state election results on May 4
The channel is rolling out its biggest election coverage machinery yet for results day on 4th May
NOIDA: The votes have been cast. Now comes the reckoning. CNN-News18 is pulling out all the stops for results day on 4th May, when counting begins across five battleground states — West Bengal, Assam, Kerala, Tamil Nadu and the Union Territory of Puducherry — in what promises to be one of the most closely watched electoral verdicts in recent memory.
The channel’s coverage, titled Battle for the States: The Verdict, kicks off at 7am and runs through the day across linear TV, connected television and YouTube. It is the culmination of CNN-News18’s multi-format editorial initiative, Battle for the States, which has tracked the polls from the beginning under the theme Road to Power.
At the operational heart of the coverage will be the Live Results Hub, the channel’s central command centre built to collate, verify and process real-time data flowing in from reporters stationed at counting centres across constituencies. The hub combines newsroom intelligence, analytics and on-the-ground reporting to deliver what the channel promises will be the fastest and most accurate results coverage in English news.
Leading the on-air charge will be primetime anchors Rahul Shivshankar, Anand Narasimhan, Aman Sharma, Nabila Jamal and Shivani Gupta. They will be joined by a wide panel of commentators including author Chetan Bhagat; GVL Narasimha Rao, senior leader of the BJP; Smita Prakash, editor of ANI; activist Saira Shah Halim; political analyst Sumanth C Raman; Abhijit Iyer Mitra, senior fellow at IPCS; Amitabh Tiwari, founder of VoteVibe; columnist Abhijit Majumdar; Nalin Mehta, managing editor of MoneyControl; political analyst Tehseen Poonawalla; senior journalist Subir Bhaumik; and political analyst Manojit Mandal.
Shivshankar, who serves as editorial affairs director at CNN-News18, set out the stakes plainly. “Counting day is one of the most watched events in the electoral cycle, where speed and credibility are tested in real time,” he said. “Battle for the States: The Verdict is built on that promise, combining ground reporting, sharp analysis and cutting-edge election technology to give viewers the clearest and fastest route to the verdict. On May 4, CNN-News18 will once again be the nation’s most trusted channel to witness democracy in action.”
Smriti Mehra, chief executive of English and Business News at Network18, framed the coverage in broader terms. “Elections are defining national events, and audiences turn to brands they trust in moments that matter,” she said. “CNN-News18 has consistently led from the front in every election coverage, and this special programming reflects the scale of our ambition and editorial strength.”
The channel has form here. It claims to have been India’s most preferred English news destination for election results for the past 20 years, covering everything from the 2024 general elections to the Delhi, Maharashtra, Bihar and BMC polls on the back of what it calls an “Always First, Always Right” record. Five states, one day, and a nation waiting for answers. The clock starts at 7am on 4th May.
