A 24-hour Telugu news channel ‘10TV’ was launched on March 16th 2013 in Hyderabad. Speaking at the launch of channel Former Editor-in-Chief of The Hindu, N. Ram said, ‘The attitude of denial in the changing face of journalism will be disastrous for reporters, particularly those belonging to the print media. Though the print and television media in the country were in the growth mode, there had been a slowdown in recent years for obvious reasons such as the entry of digital media. Old news media such as radio and newspapers are on the decline as fewer people are reading newspapers and listening to the radio and at the same time, more and more people are accessing news from digital media, though there is no established business model for digital content.
According to the latest FICCI-KPMG report on the media and entertainment sector year 2012 saw a record 65% jump in mergers and acquisition (M&A) deals in the media and entertainment sector, valued at $1.5 billion (R7,800 crore), compared with $940 million (R4,700 crore) in 2011. The M&A deal sizes in 2012 also increased more than twice compared with the deal size in 2010 ($693 million). Within the sector, television accounted for marquee M&A deals in 2012, including Network 18 Media and Investments’ acquisition of Eenadu TV for $395 million, Sony Corporation’s acquisition of a 32% stake in Multi Screen Media, and Aditya Birla Group’s acquisition of a 27.5% stake in Living Media India for a reported $70 million.
Reliance Broadcast Network, a Reliance ADAG company, is set to increase the foothold of BIG RTL Thrill, its joint venture action channel, in the two metros of Delhi and Mumbai. The company has signed distribution deals with In Digital, Hathway Cable and Datacom, Digicable, 7 Star, JPR Spacevision, ABS, Siticable, Home Cable and Star Broadband. It is eyeing to expand its coverage to reach out to over 6.5 million households across both cities.
Madras High Court has ruled out that there is nothing illegal in All India Radio (AIR) broadcasting paid commercials in Hindi during its English news bulletins. The High Court quashed and dismissed a public interest petition at the admission stage itself. In his PIL, advocate R Muthukrishnan submitted that Hindi commercials during English news bulletin were illegal and unconstitutional. Further the petition claimed that it violated the fundamental right to equality, and showed little regard for the language of the radio programme and language concerned. According to the PIL, the paid commercials were being broadcast only in the interest of and for the benefit of its sponsors and not for the common good of people.
Scotland Yard officers are reportedly investigating nearly 600 fresh claims of phone-hacking at media tycoon Rupert Murdoch’s now defunct UK tabloid News of the World. According to the paper, the 600 new potential litigants fall into three groups: new victims; others who sued over hacking, but signed agreements with NI allowing them to sue the company again; and a third group who signed agreements potentially barring them from suing again. The indications are that there may be 'some hundreds of new legal actions' from the first two groups.
Reliance Digital TV and Sun Group are in preliminary talks to merge their DTH businesses. The deal is still at a nascent stage and the valuations are yet to be finalized, but sources suggest that Sun Group is likely to own a majority stake in the merged company while Anil Ambani's Reliance Communications is likely to own less than 26% in the company.
The ‘Cable TV Show 2013 Kolkata’ concluded its 17th SHOW on March 7th 2013, turned out to be a huge success. Nearly 14,000 people, mostly related to the cable television sector attended the show on March 5, 6 and 7. A three-day event was organised by Kolkata-based Cable TV Equipments Traders and Manufacturers Association (CTMA). The show was inaugurated by Tollywood actress Ms Koninica Banerjee.
At the event of CabSat 2013, Conax, a global provider of leading solutions for securing multi-device and digital video distribution, will provide expert insight into client device security for pay-TV operations. A feature presentation by industry expert Hans Kwaaitaal will address today’s top security threats to pay-TV operations, the primary function of content security, the role of set-top-boxes and how to minimize vulnerability to attacks. The Conax team will provide operators with expertise on cultivating secure video distribution and an insider’s view into future-oriented Conax Contego™ solutions for safeguarding content revenues and positioning for digitization through to multiscreen opportunities and into the future.