• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Dec. 19 Network18, the holding company of TV 18, and media house Jagran Prakashan have announced a 50:50 joint venture to launch a Hindi business daily newspaper next year.

A press release issued said the joint venture will subsequently come out with dailies focused on financial and economic news in other Indian languages. The new Hindi business daily will be the first Hindi business paper to hit the market nationally and it marks the foray of Network18 into the dailies space. The operational specifics, in terms of brand name for the business daily, selection of the editorial and business team and so on, is in the process of being formalised.

The venture will be funded through an initial equity infusion from both sides followed by internal accruals and debt financing in the later stage. The board governing the venture will have representatives from TV18 & Jagran Prakashan.

More Stories on : Strategy | Alliances & Joint Ventures | Newspapers & Publishing

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
People's car: In manual, automatic versions

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line