Friday, January 12, 2007

TV18 Group to launch two channels by this year, web property may go for public offer too

After announcing its GBN IPO, the TV18 Group has lined up some more ambitious plans for the year. As part of its growth strategy the Group plans to add at least two more channels to its offerings and sees big potential in the regional space.

Confirming this to exchange4media, Raghav Bahl, Managing Director, Television Eighteen India Ltd, said that the news and infotainment space would be the core focus area of the Group. “We will not look at entertainment broadcasting at all. We will stick close to our core competency,” he affirmed.

Echoing the same thought, Sameer Manchanda, Joint Managing Director, Global Broadcast News (GBN), said, “We want to maximise revenue and launch more channels in the long term.” He, however, also laid stress on growing Hindi news channel, IBN 7, and increasing its market share.

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