WORLDTEL, BBC WORLDWIDE INDIA PROPOSALS CLEARED
The government has cleared the proposal by World Tel to invest Rs 2,817.5 million in India.
Television Industry
Daily newspaper headlines
indiantelevision.com scans the most important English newspapers in India and picks up news reports relating to the Indian and international television business. The newspapers that are scanned on a regular basis include The Times of India, Indian Express, The Economic Times, The Hindu BusinessLine, Business Standard, Financial Express, The Observer of Business and Politics , The Asian Age, Mid-Day, The Afternoon Despatch & Courier
WHO‘S DOING WHAT?
Two US funds, Morgan Stanley and Capital International, have bought Zee Telefilms shares yesterday.
The Economic Times.
STERLING GROUP HANDS OVER TMB STAKE TO NADAR FORUM
DTH wannabe C.Sivasankaran‘s Sterling group has got an advance of Rs 200 million against the agreed Rs 1,570 million for the sale of its 67% equity stake in the Tamilnadu Mercantile Bank (TMB) to the Nadar community.
The Economic Times.
SPENDING ON CAR ADVERTS HITS PEAK
Automobile manufacturers spent a record pound sterling 3.31 billion on advertising in Europe‘s five largest markets last year.
Business Standard.
THE NEW SATELLITE VISION
Ammirati Puris Lintas has introduced a media guide which gives the lowdown on the Indian satellite television market.
Business Standard
TAM OPEN TO UNITING WITH INTAM
TAM Media, the industry backed television rating system, says it could merge with rival Intam, but it would also like the industry to consider subscribing to its ratings first.
The Financial Express
STAR TV HELPS RETRENCHED EMPLOYEES COPE WITH STRESS
Star TV India organised a pep up seminar last week for employees that had been laid off from its direct to home television division earlier.
The Financial Express.
CTV MAKERS MOVING TO THE BIG VISION
Indian television manufacturers are working on dropping prices of 29-inch sets by as much as 30% and pricing them closer to 21-inch sets.
The Hindu Business Line.
KINETIC MEGA SHOW ON STAR PLUS
A new chat show The Kinetic Mega Show featuring celebrities and produced by production house TV18 is to start airing on Star Plus from 8 July.
The Hindu Business Line.
ONLINE BROKERS SEE HIGHER ADSPENDS AHEAD
Online brokers Ameritrade Holding Corp and E*Trade Group have announced that they will spend more on promoting their web services in 2000. Ameritrade is expected to spend between $100 million and $200 million on television, print, outdoor and online advertising campaigns.
The Hindu Business Line.
UK TO WIDEN BROADBAND COMPETITION
Established players of the likes of BSkyB and British Telecom and cable television operators, are in for a bout of competition in the UK with the government deciding to open up unutilised wireless frequencies for broadband transmissions.
The Hindu Business Line.
MURDOCH NAMES PROBABLE SUCCESSOR
Global media baron Rupert Murdoch told Newsweek magazine that Fox group chief Peter Chernin is likely to succeed him as head of News Corp.
The Hindu Business Line.
