Posts Tagged ‘India Tv’

Rajat Sharma’s India TV to launch Wiz channel

August 13, 2009

There finally seems to be some ‘breaking news’ from the company, which specialises in and swears by that term. Rajat Sharma, chairman, Independent News Service (INS) and editor-in-chief, India TV will launch his second 24-hour TV channel, called India TV Wiz, a hybrid news channel in Hindi and English.

Speaking to us, Sharma says the new channel will be launched by the end of this financial year. “A unique bouquet of content, which will make it a national phenomenon, is under the offering.” he says.

“Wiz will be available on analogue cable TV and all digital platforms. The aim is to connect with new-age audiences through the fast-emerging digital media business – India TV Interactive. It will be plugged on to new media platforms from day one.” Sharma says.

India TV, Sharma says, has been witnessing steady growth over the past year. “Four our new channel we desire to maintain the same consistency of India TV, but in an more innovative manner. The programming line-up for Wiz will ensure a better connectivity and interactivity with our viewers.”

In January 2008, Bangalore-based Shyam Equities has invested Rs 100 crore in INS, the parent company of India TV. The company has been valued at Rs 500 crore, and Shyam Equities has bagged a 20 per cent stake offloaded by the holding company.

Sharma had said earlier that the Shyam Equities development will lead to strategic growth beyond India TV. This includes launching a bouquet of channels, a distribution blitz in key international markets, and a significant entry into non-news and non-television media.

In March 2007, Fuse+ Media, an entity of ComVentures, a leading Silicon Valley based venture capital and private equity group, had placed the equivalent of Rs 50.9 crore of FDI in INS for a 19.17 per cent stake.

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I&B gives India TV time till 1 December to reply to notice

November 30, 2008

The ministry of information and broadcasting (MIB) has issued a notice to India TV for airing telephonic conversation with two terrorists holed up in Nariman House and The Oberoi Hotel.

Confirming the development to us, a senior I&B official said India TV was given time till 1 December to reply to the notice. The ministry has demanded an explanation from the channel for affording a “platform to terrorists to espouse their cause” and will consider taking “stringent action” after that.

Justifying India TV’s stance, COO Rohit Bansal said: “We will be sending a comprehensive reply to the ministry.”

He said that the telephonic conversations helped security agencies give compelling answers on their accent and provide first-hand confirmation to the world that they had come from Pakistan and not from Hyderabad in the Deccan.

“India TV partnered with the help of security agencies and helped generate specific and information that one terrorist, Shadullah, was using the mobile phone of a Swedish lady, Lisa Ringner, kept hostage in Room No.1856 at The Oberoi. The other terrorist Imran Babar, holed up in Nariman House, was using the phone belonging to another hostage, Holtzberg Gaverlein. India TV repeatedly asked these terrorists to surrender, as they were surrounded by security agencies and appealed to them to release the hostages.”

Defending India TV’s position, Bansal further said: “All across the globe, video/audio messages of Osama Bin Laden and interviews of self-styled commanders of Hizbul Mujahideen and Lashker-e-Taiba have been broadcast by the media. These stories have exposed the perpetrators of terror. The entire objective of India TV was similar. We engaged the two terrorists in on-air conversations and secured vital information about their numbers, intentions and their foreign origin.”