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HomeNewsNational NewsPoor economic conditions force Sun TV Network to hold its Marathi GEC launch
Wednesday, 14 August 2019 04:47

Poor economic conditions force Sun TV Network to hold its Marathi GEC launch

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The poor economic condition prevailing in the country and the sector has forced the leading media group Sun TV Network to hold the launch of its proposed Marathi GEC Sun Marathi.

As reported earlier, the group invested Rs. 50-60 crore in the channel which was expected to be launched by end of the calendar year 2019. 

Sun TV Network Group CFO SL Narayanan commented: “The hold is because of the kind of situation which now exists. Due to prevailing economic condition, we are treading with caution now. We’re unlikely to go and make a big splash at this point in time.”

Sun TV Network president & MD R Mahesh Kumar had already said that the investment in Sun Marathi is approximately Rs 50-60 crore.

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