Essel Group firm Zee Entertainment Enterprises (ZEE) along with TV Today Network is reportedly in a race to purchase New Delhi Television’s business news channel NDTV Profit. The NDTV Profit’s discussions with TV Today and Zee are in the initial stages. ZEE and TV do not have a presence in the English business news space, so acquisition of NDTV Profit will mark their entry into English business news industry.
This sell-off will take four to six months, as NDTV is waiting for the completion of the second phase of digitization, which will reduce the carriage fees and help them get a better valuation. Carriage fee is the cost paid by a pay television platform operator to a channel in order to carry that channel for its subscribers. Three firms, including Ernst and Young, have been given the investment banking and advisory mandate for the deal.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 81.06 |
| Sun TV Network | 641.25 |
| GTPL Hathway | 69.83 |
| Network 18 Media Inv | 36.38 |
| TV Today Network | 114.27 |
| View more.. | |
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