NDTV To Separate News and Entertainment Businesses; Separate Listings

Entities Mentioned

• Hindustan Times
• NBC Universal
• Bennett
• NDTV Group

1. NDTV said today that its its board had approved separating its news and entertainment businesses, and the two will be listed as public companies separately in the future. The reorg will stimulate investors in the businesses based on different investment strategies and risk perception,the company said. Also, the news and entertainment businesses are subject to different foreign shareholding caps (news has a lower cap than entertainment), under Indian regulations...U.S. media company NBC Universal (NYSE: GE) is an investor in NDTV's UK subsidiary, and will now hold 26 percent in the entertainment (including NDTV Imagine) and lifestyle channels, digital media ... (Read Full Article)
   
   

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