InvestorQ : Is it true that Reliance Industries is planning to sell its media assets like CNBC and News 18?
Riya Dwivedi made post

Is it true that Reliance Industries is planning to sell its media assets like CNBC and News 18?

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Shreya Karn answered.
3 years ago
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The RIL selling its news asset to TIme's group was making a headline, but recently Reliance has denied the deal. It further said that report of this deal is false and baseless.


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Purvesh answered.
3 years ago
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Earlier was Sony tv and now Times Now, something is fishy...

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rhea Babu answered.
3 years ago
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Reliance Industries has indicated that they are in talks to exit their media properties and this includes their news properties. Broadly, this would include the TV channels that Reliance had acquired from CNBC as also the websites that they had acquired from Raghav Bahl. While there is no confirmation, the company is in talks with the Sony Group for some of its properties. Also, Times group is expected to be doing the due diligence on some of their news properties to arrive at a valuation. More clarity is expected in next few weeks.

Reliance had acquired these properties as an adjunct to their existing Jio plan but apparently, Reliance has other plans at this point of time with greater focus on regional and micro content rather than macro content. While the Jio ecosystem is still important, the content plan appears to have changed.

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3 years ago
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Seriously doubtful on this. Network 18 has some good media assets in a lot of spaces.

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Prithvi Ram answered.
2 years ago
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Billionaire Mukesh Ambani's Reliance Industries Ltd. on Thursday denied reports of selling its news media business to Times Group. Bloomberg early on Thursday reported that Ambani "is in talks to sell his news media assets to India's Times Group, as Asia's richest man plans to unload a business that's been losing money".
"Reliance Industries firmly denies the story. The story is baseless and false," a company spokesperson said.
The report had quoted people familiar with the matter to say that Bennett Coleman & Co, the publisher of the Times of India, is looking to hire advisers for due diligence on the news properties of Ambani's Network18 Media & Investments Ltd. Bennett Coleman's spokesperson couldn't be immediately reached for comments.
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Abhishek answered.
2 years ago
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No it's not true it's just a rumour
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