• Verizon Expands and Enhances Next-Generation Identity Platform to Enable Safer, More Trustworthy Internet

    Verizon Enterprise Solutions is expanding availability of its next-generation, cloud-based identity platform – Verizo

  • U2opia Mobile Pioneers USSD Gateway on Cloud with Tigo Group

    New Delhi, August 6, 2013 – Singapore-based mobile technology start-up, U2opia Mobile, has pioneered the next wave in

  • Deadly 60 is back on Animal Planet

    Submitted by ITV Production on Apr 23, 2013
    indiantelevision.com Team

    MUMBAI: Animal planet is back with ?Deadly 60?, a series hosted by wildlife expert Steve Backshall.

    Starting 1 May, the show will air at 9 pm every day.

    The show is about Backshall exploring world?s 60 of the deadliest animals on his personal camera that could be lethal beauties to killer beasts.

    Each animal is assigned with three killer facts and rated on the Deadly 60 scale as viewers are immersed in the quest for the world?s most lethal predators.

    Steve travels across the six continents like across South Africa, Australia, India, Malaysia, Europe, United Kingdom, South America and North America for six months to find the "most deadliest" creature in the world.

  • VTB Capital acquires minority stake in Russia's Tricolor TV

    MUMBAI: VTB Capital acquired a minority stake in National Satellite Company, the largest Russian satellite TV operato

  • Tata Elxsi introduces consulting services for M&E industry

    MUMBAI: Global technology and engineering services provider Tata Elxsi has announced the launch of Strategy & Tec

  • Bertelsmann confirms stake reduction plans in RTL

    Submitted by ITV Production on Apr 06, 2013
    indiantelevision.com Team

    MUMBAI: German media conglomerate Bertelsmann has confirmed plans to cut its stake in RTL Group, Europe?s largest commercial broadcaster, by selling shares on the stock exchange but will continue to be the majority shareholder with atleast 75 per cent stake.

    Bertelsmann, which holds a stake of 92.3 per cent in RTL with 7.7 percent in free float, will reduce its shareholding in RTL Group by way of a secondary public offering.

    The German mass media conglomerate will use the cash from the RTL sale for expansion and acquisitions. Media reports say that the company could raise $2.6 billion to $3 billion from the stake sale.

    The company said that the transaction would result in a significant increase of the free float in RTL Group shares, with Bertelsmann maintaining a qualified majority of at least 75 per cent.

    RTL?s co-CEOs Anke Schaferkordt and Guillaume de Posch said, "Bertelsmann is and will remain the majority shareholder in RTL Group and will continue to support the strategic development of our business. The reduction of Bertelsmann?s shareholding would significantly increase the free float of RTL Group shares, enabling a more diverse ownership base to share in our success."

    RTL Group, which is currently listed on the Luxembourg Stock Exchange and the Euronext Brussels market, intends to apply for a listing on the Frankfurt Stock Exchange.

    In India, RTL has a JV with Reliance Broadcast Networks (RBNL) and the Big RTL JV currently owns and operates Big Thrill channel.

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