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Due to the founder of CNN IBN being from NDTV, among other examples, the network is widely credited for having created a category of media professionals with high credibility in the Indian broadcasting industry. In an effort to check further loss of employees, the company began offering extensive salary raises and stock options to its employees after the departure of Sardesai. It was noted in 2012 that the company had a high distribution of its wealth, with stock options worth being available to over 200 employees (15% of the workforce). In 2005, the network had also launched a business news channel called NDTV Profit. The channel would become a competitor of the leading business news channel CNBC TV18 over the next 5 years.
Despite the increase in competition NDTV had continued to grow and by the end of the 2005, the network had 19 offices and studios across the country. In 2006, the company founded NDTV Convergence, the subsidiary overlooking its digital media operations. In June, NDTV partnered with the Southeast Asian media company
In contrast, the digital media arm of the company, NDTV Convergence had entered a phase of exponential growth. Between March 2011 and March 2015, it grew four-folds in terms of revenue and ten-folds in terms of profits and as a result increased its share of the total consolidated income from 4.6% to 18%. NDTV Convergence had synchronised the network's newsgathering with its internet and mobile presence. The digital media arm was credited for reducing the losses of the company by 50% between the financial years 2013–14 and 2014–15.
In addition, the subsidiary launched a number of online verticals namely the automobile portal CarAndBike.com, the electronics portal Gadgets360, the food and drinks portal SmartCooky and the wedding preparation website BandBaajaa.com which catered to consumer interest specific news. NDTV also launched the
In the meantime in 2017, the Central Bureau of Investigation (CBI) lodged a case against the company on allegations that it had defrauded ICICI Bank, and the offices of the company and residence of the founders, the Roys were raided by the bureau. The raid had come a day after an NDTV presenter had engaged in an argument with a spokesperson of the ruling party. The case was lodged on the basis of a complaint by a stockbroker Sanjay Dutt supported by the retracted ''Sunday Guardian'' article. It was noted that ICICI Bank itself considered the company to have returned the loan within an year and had not received any details of the case. The raids received condemnation and the CBI was accused of being under pressure from the government to act against the news broadcaster.
In 2019, the CBI lodged a new case against NDTV on allegations that it had laundered money and violated FDI norms. According to NDTV, government agencies were lodging different cases and then deliberately stalling investigations as no evidence were found. In same year, the Securities and Exchange Board of India (SEBI) barred the Roys from accessing the securities market and from holding any managerial or board positions in the company for two years on allegations that the promoters had failed to disclose agreements to minority stakeholders of the company. In 2020, the Supreme Court of India quashed the ITD notice against the company on the grounds that its allegation contradicted the statements presented by the Revenue Department.
In 2020, an independent technology startup Prashnam conducted a survey which calculated that NDTV India was the news channel with the highest viewership in the Hindi speaking states of
In August 2022, the
New Delhi Television Ltd is an Indian
and news media
The news media or news industry are forms of mass media that focus on delivering news to the general public or a target public. These include news agencies, print media (newspapers, news magazines), broadcast news (radio and television), and ...
company focusing on broadcast and digital news publication. The company is considered to be a legacy brand that pioneered independent news broadcasting in India, and is credited for launching the first 24x7 news channel and the first lifestyle
Lifestyle often refers to:
* Lifestyle (sociology), the way a person lives
* ''Otium'', ancient Roman concept of a lifestyle
* Style of life (german: Lebensstil, link=no), dealing with the dynamics of personality
Lifestyle may also refer to:
Bu ...
channel in the country. It owns and operates the broadcast news channels of NDTV India
NDTV India (styled as NDTV इंडिया) is a Hindi news channel in India owned by New Delhi Television Limited.
In June 2016, NDTV decided to launch two separate channels called NDTV India and NDTV Spice in the United Kingdom.
History ...
and NDTV 24x7. The two channels of the company have received 32 Ramnath Goenka Excellence in Journalism Awards
The Ramnath Goenka Excellence in Journalism Awards (RNG Awards) are one of the awards in India in the field of journalism. Named after Ramnath Goenka, the awards have been held annually since 2006, with the 12th edition being held in 2017. The awa ...
.
NDTV was founded in 1984, by economist Prannoy Roy
Prannoy Lal Roy (born 15 October 1949) is an Indian economist, chartered accountant, psephologist, journalist and author. He is the former executive co-chairperson of NDTV and is considered to be one of its co-founders, along with his wife R ...
and journalist Radhika Roy
Radhika Roy ('' née'' Das; born 7 May 1949) is an Indian journalist, who is the founder and former executive co-chairperson of NDTV. She was the managing director of the company between 1998 and 2011. The company started as a news production h ...
, a husband and wife duo from the city of Kolkata
Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...
. It began as a production house
A producing house is a theatre which ‘manufactures' its own shows in-house (such as plays, musicals, opera, or dance) and perhaps does everything from honing the script, building the set, casting the actors and designing and making the costum ...
for news segments, contracted by the public broadcaster Doordarshan
Doordarshan (abbreviated as DD; Hindi: , ) is an Indian public service broadcaster founded by the Government of India, owned by the Ministry of Information and Broadcasting and one of Prasar Bharati's two divisions. One of India's largest bro ...
and international satellite channels when television broadcasting
A television network or television broadcaster is a telecommunications network for distribution of television program content, where a central operation provides programming to many television stations or pay television providers. Until the mid-1 ...
was a state monopoly
In economics, a government monopoly or public monopoly is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. It is a monopo ...
, and transitioned into the first independent news network in India. The company launched the first 24x7 news channel in partnership with Star India in 1998.
Between 1998 and 2003, NDTV was in an exclusive agreement with Star India to produce all of their news segments. In 2003, it became an independent broadcasting network with the simultaneous launch of the Hindi and English language news channels known as NDTV India and NDTV 24x7. It also launched a business news
Business journalism is the part of journalism that tracks, records, analyzes and interprets the business, economic and financial activities and changes that take place in societies. Topics widely cover the entire purview of all commercial activ ...
channel NDTV Profit
NDTV Profit is an Indian business and financial news television channel started by NDTV in January 2005.
It has many journalists covering the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). It also covers the late ...
which was later converted into an information and entertainment channel NDTV Prime
NDTV Prime is an Indian information and entertainment channel owned by NDTV. It was launched on June 5, 2017. Prior to the launch, NDTV transferred their business from profit to regular business and finance segments on NDTV 24x7.
NDTV Prime is ava ...
. The company has had business interests in general entertainment
Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. It can be an idea or a task, but is more likely to be one of the activities or events that have developed over thousand ...
and e-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
, and is part of the management of a number of broadcast channels including the lifestyle channel NDTV Good Times
''Goodtimes'' is the flagship channel of Lifestyle & Media Broadcasting Ltd. It was launched in September 2007.
Rebranding
Goodtimes underwent a makeover in November 2013 to redefine the lifestyle entertainment category codes once again. Fro ...
, the infotainment channel Astro Awani
Astro AWANI is a Malaysian news organisation that broadcasts its news via Channel 501 on Astro. Since 2018, Astro AWANI has been consecutively recognised as Malaysia's most trusted news source by the Reuter's Digital News Report published by R ...
and the news channel Independent Television through various joint ventures.
History
1984–1998: Doordarshan era
In 1984, the journalist Radhika Roy and her economist husband Prannoy Roy founded New Delhi Television. The company began operation as a production house of news segments for thepublic broadcaster
Public broadcasting involves radio, television and other electronic media outlets whose primary mission is public service. Public broadcasters receive funding from diverse sources including license fees, individual contributions, public financing ...
Doordarshan and international satellite news channels. It was converted into a commercial news network in 1988, and became the first independent television news network in India. Doordarshan allotted a slot to the network to air a weekly broadcast called ''The World This Week'', a news magazine
A news magazine is a typed, printed, and published magazine, radio or television program, usually published weekly, consisting of articles about current events. News magazines generally discuss stories, in greater depth than do newspapers or n ...
programme that was commissioned by the director general of the public broadcaster, Bhaskar Ghose and covered international news. The weekly news bulletin was described as an instant hit among its Indian viewers.
The network was then contracted by Doordarshan to produce its coverage of the Indian general elections and budget session specials which too became widely popular. The first election result telecast produced by NDTV was that of the 1989 Indian general election, which was also the first televised live coverage of an election result in India, it employed hot-lines across the country and featured visual graphics, discussions and debates. The format developed by NDTV was contrasted with the simple official announcements publicised by Doordarshan in previous elections and was adopted as a template by news broadcasters over the following decades. The terms of agreement between Doordarshan and NDTV were modified in the same year and the company began paying a fee for its weekly slot instead of being a contractor under the public broadcaster. During the initial years, there was a delay of 10 minutes between telecast and production of live news due to government regulations, which later shifted to five minutes.
''The World This Week'' continued to be aired till 1995. It was aired on Fridays at 10:00 pm, and was described as "the only India-based programme which looked out at the rest of the world". In 1993, CNN
CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by ...
began collaborating with NDTV to produce select coverage for the weekly news bulletin. The weekly was the first privately produced news bulletin in India, and became one of the top rated programmes on Doordarshan. According to Prannoy Roy, it was not difficult to appear good in comparison to Doordarshan which he described as more radio than television and that they were aided by the time period being most "newsiest" in television history. The news bulletin covered a number of major events such as the 1989 Tiananmen Square protests, the Fall of the Berlin Wall
The fall of the Berlin Wall (german: Mauerfall) on 9 November 1989, during the Peaceful Revolution, was a pivotal event in world history which marked the destruction of the Berlin Wall and the figurative Iron Curtain and one of the series of eve ...
, the Dissolution of the Soviet Union
The dissolution of the Soviet Union, also negatively connoted as rus, Разва́л Сове́тского Сою́за, r=Razvál Sovétskogo Soyúza, ''Ruining of the Soviet Union''. was the process of internal disintegration within the Sov ...
and the Breakup of Yugoslavia
The breakup of Yugoslavia occurred as a result of a series of political upheavals and conflicts during the early 1990s. After a period of political and economic crisis in the 1980s, constituent republics of the Socialist Federal Republic of Yu ...
, some of which were covered live from the respective countries by NDTV.
In 1995, NDTV presented a proposal to Doordarshan to move its production to a daily half hourly news bulletin on the second Doordarshan channel DD Metro
DD Metro also known as DD 2 was an Indian free-to-air television channel. It was launched in 1984 as DD2 in Delhi as an alternative to DD National. Later, it increased its coverage area by expanding to Mumbai, Kolkata and Chennai. In 1993, the ...
. The proposal was accepted and the news bulletin called ''News Tonight'' was launched''.'' The Roys approached five major Indian business houses for investments and secured agreements with all five of them, including the multinational Tata Group
The Tata Group () is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents ...
. The bulletin was the first daily domestic news broadcast in the country. The company also began producing shows such as ''The News Hour'' and ''Good Morning India'' for Doordarshan. Prannoy Roy was the anchor of the NDTV news bulletins, who in the process acquired a reputation for reliable, authentic and sophisticated news reporting. The news bulletins had gained both in credibility and were competing with entertainment channels in terms of viewership, which made the network sought after for partnerships by international news networks such as BBC #REDIRECT BBC #REDIRECT BBC
Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
...Rupert Murdoch
Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
's Star Network at a time when restrictions on private participation in television broadcasting
A television network or television broadcaster is a telecommunications network for distribution of television program content, where a central operation provides programming to many television stations or pay television providers. Until the mid-1 ...
were being lifted and Doordarshan's monopoly broken by satellite television.
In 1997, the director general of Doordarshan, Rathikant Basu left the public broadcaster and joined its multinational rival, the Star Network. The resignation brought about a call for scrutinising his activities during his tenure as the director general, a parliamentary committee was assigned to examine the finances of Doordarshan, which alleged "irregularities" in its dealings with NDTV. On 20 January 1998, the Central Bureau of Investigation (CBI) filed a number of cases against the former director general, five other officials of the public broadcaster and against Prannoy Roy who was the managing director of NDTV. The cases went on for several years in the form of a protracted dispute, until CBI filed a closure report in 2013 and the charges were quashed by the Delhi High Court
The High Court of Delhi ( IAST: ''dillī uchcha nyāyālaya'') was established on 31 October 1966, through the ''Delhi High Court Act, 1966'', with four judges, Chief Justice K. S. Hegde, Justice I. D. Dua, Justice H. R. Khanna and Justice S ...
, with the verdict that there was no evidence of wrongdoing.
1998–2003: Rupert Murdoch and Star News
In 1998, NDTV entered into five-year contract with Rupert Murdoch's Star Network. Under the terms of the agreement, NDTV would produce all news content for the network, while News Television India (subsidiary of Murdoch'sNews Corporation
News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in Ne ...
) would finance the endeavor''.'' The CEO of Star India had stated that NDTV was an obvious choice for a partnership due its recognition and infrastructure. Star News was launched in February 1998 and was the first independent 24x7 news channel in India. It was a bilingual channel and aired both Hindi
Hindi (Devanāgarī: or , ), or more precisely Modern Standard Hindi (Devanagari: ), is an Indo-Aryan language spoken chiefly in the Hindi Belt region encompassing parts of northern, central, eastern, and western India. Hindi has been de ...
and English language
English is a West Germanic language of the Indo-European language family, with its earliest forms spoken by the inhabitants of early medieval England. It is named after the Angles, one of the ancient Germanic peoples that migrated to the is ...
programs. NDTV productions were also slotted on two 9:00 pm news bulletins in the channels of Star Plus
StarPlus is an Indian Hindi language general entertainment pay television channel owned by Disney Star (formerly ''Star India''), a subsidiary of The Walt Disney Company India. The network's programming consists of family dramas, comedies, ...
and Star World. In 1999, NDTV launched its own news website called ndtv.com which streamed live webcasts of its productions and generated 55,000 daily views within a month of its launch. Over the following years, it also made its first foray into regional markets and began a Tamil language
Tamil (; ' , ) is a Dravidian language natively spoken by the Tamil people of South Asia. Tamil is an official language of the Indian state of Tamil Nadu, the sovereign nations of Sri Lanka and Singapore, and the Indian territory of Pudu ...
news bulletin on Vijay TV
Star Vijay is an Indian Tamil language general entertainment pay television channel owned by Disney Star (formerly Star India), a subsidiary of Asianet Star Communications. The channel's headquarters is in Chennai, Tamil Nadu. Star Vijay chang ...
, a channel owned by the Star Network.
Star News was an immediate success, its revenue made the channel break-even at the onset. Star India was also able to capitalise on the experience gained in NDTV's earlier collaboration with CNN, one of its multinational competitors. The financial support provided by the multinational gave the channel an advantage over its emerging competitors such as Aaj Tak
''Aaj Tak'' () is an Indian Hindi-language news channel owned by TV Today Network, part of the New Delhi-based media conglomerate Living Media group (India Today Group)
Aaj Tak HD
On 14 December 2018, Aaj Tak launched India's first Hindi h ...
, the Hindi language channel founded by Living Media
Living Media India Limited, d.b.a. India Today Group, is an Indian media conglomerate based in New Delhi, India. It has interests in magazines, newspapers, books, radio, television, printing and the Internet.
History
India Today Group was ...
. Prannoy Roy remained as the face of the network while Radhika Roy, who was known for being low profile, operated the editorial process and reportedly demanded high standards for credibility, impartiality and independence. The channel developed sophisticated production values and a reputation for journalistic integrity. In a study conducted with Indian journalists, Star News was found to be perceived as the most professionally produced among Indian networks and was regularly viewed by a majority of journalists alongside Doordarshan and BBC World
BBC World News is an International broadcasting, international English-language pay television network, operated under the ''BBC Global News Limited'' division of the BBC, which is a State-owned enterprise, public corporation of the Governme ...
.
In the partnership, NDTV was given editorial independence, and produced the entire editorial content including in its packaging and presentation. It was noted that the channel occasional used its own branded equipment such as microphones with NDTV imprints, without any dispute. Under the agreement, the profits belonged to Star News and NDTV was paid a fee which began with US$10 million under an escalation clause
An escalation clause is a clause in a lease or contract that allows for a change in the agreed-upon price in response to a specific factor that is outside of the control of either party. This type of clause is used to protect against potential ch ...
and reserved intellectual property rights over its productions. This arrangement reportedly became an issue of contention between the sales team of Star India which were under pressure to generate revenues and NDTV which intended to maintain in its editorial independence. In 2000, the NDTV news bulletin on Star Plus was removed, which was speculated to have been a signifier of the closeted conflict.
In an anecdotal testimony, Peter Mukerjea
Peter Mukerjea is a retired British television executive. From 1997 to 2007 he was the CEO of STAR India. In 2007 he joined INX Media as chief strategy officer. He quit the company in 2009 and retired to Bristol.
In November 2015 he was arreste ...
who was CEO of Star India between 1999 and 2007, states that an advertiser with the network who was the chairman of a major textile company had complained to him about a news report about environmental issues
Environmental issues are effects of human activity on the biophysical environment, most often of which are harmful effects that cause environmental degradation. Environmental protection is the practice of protecting the natural environment on t ...
in a town which operated one of their plants and held Star India responsible for the reporters not taking into account the views of the company. Star News covered the 2002 Gujarat riots with investigative reports, in-depth analyses and live reporting of events. The channel's coverage resulted in it being blacked out for a day by the Gujarat Government
The Government of Gujarat, also known as Gujarat Government, is the supreme governing authority of the Indian state of Gujarat and its 33 districts. It consists of an executive of the legislators appointed by the Governor of Gujarat, a judiciar ...
under Narendra Modi
Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from ...
. The censorship came a day after the Minister of Law, Arun Jaitley
Arun Jaitley (28 December 1952 – 24 August 2019) was an Indian politician and attorney. A member of the Bharatiya Janata Party, Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jai ...
had accused "some networks" of conspiracy against the government on a live telecast of Zee News
Zee News is an Indian Hindi-language news channel owned by Subhash Chandra's Essel Group. It launched on 27 August 1999 and is the flagship channel of the Zee Media Corporation.
The channel has been involved in several controversies and ha ...
, a network that had assured him that they weren't such a networks on the same telecast.
In 2002, Star was willing to continue the contract but without complete editorial control being granted to NDTV which was unacceptable to the Roys. In the end, the negotiations between NDTV and Star India fell apart and the contract was not renewed. NDTV kept producing news segments for Star News till 31 March 2003. The company's unwillingness to succumb to government pressure or pro right wing editorial intervention from Rupert Murdoch, cemented his decision to exit the partnership as well. Murdoch went on secure a partnership with the Anandabazar Patrika Group for Star News, which was converted into a Hindi language news channel, and was noted to have become far less critical in its news coverage following the transition.
2003–2007: Independent broadcasting network
Following the end of the partnership with Star India, NDTV began its venture as an independent broadcaster. The company had acquired equity capital from investment banks includingMorgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
and Goldman Sachs. Standard Chartered invested US$12 million and acquired a share of 12% in the company. Media commentators at the time had speculated that Star News would remain the market leader and decimate NDTV. Before the launch of the network's independent channels under its own brand, it had invested US$25 million into advertising. For distribution, it entered into a tie up with the network of One Alliance, a joint venture between Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
and Discovery, Inc.
Discovery, Inc. was an American multinational mass media factual television conglomerate based in New York City. Established in 1985, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Channel ...
NDTV launched two channels NDTV India and NDTV 24x7 in 2003. NDTV India was a Hindi language news channel and NDTV 24x7 was an English language news channel. Soon after its launch NDTV 24x7 became the frontrunner in the English news segment, while NDTV India had the second-highest viewership following Aaj Tak in the Hindi language segment, which pushed Star News to the place of fourth highest viewership in the process. The channels introduced the concept of "break away" broadcasting in India with integrated receiver decoder (IRD) which could provide segmented region or city-specific news and with optional local language dubbings to viewers of the same channel. In 2004, NDTV became a publicly traded company and the board members reportedly included N. R. Narayana Murthy, the founder of Infosys
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the s ...
and Tarun Das, the chief mentor of the Confederation of Indian Industry as independent director
An independent director (also sometimes known as an outside director) is a member of a board of directors who does not have a material or pecuniary relationship with company or related persons, except sitting fees. In the United States, indepen ...
s. In December 2004, it stood as the media company with the highest market capitalisation, at a valuation of .
The network was successful in pursuing a strategy of promoting anchors as TV stars in an attempt to both consolidate its brand name and as an incentive for drawing and retaining a talent pool of journalists. Some of their journalists eventually started branching out to begin their own ventures, and a number of top executive employees left the network, including both the managing editor Rajdeep Sardesai
Rajdeep Sardesai (born 24 May 1965) is an Indian news anchor, reporter, journalist and author. He is a consulting editor and an anchor of India Today Television. He was the Editor-in-Chief of Global Broadcast News, that included CNN-IBN, IBN7 ...
and the chief financial officer Sameer Manchanda who left the network to join hands with the entrepreneur Raghav Bahl
Raghav Bahl is an Indian businessman, a serial entrepreneur, and an investor best known for his past ownership of several television channels, including TV18 India. He was the Founding/Controlling shareholder & managing director of Network18 G ...
, who went on to launch CNN IBN
CNN-News18 (originally CNN-IBN) is an Indian English-language news television channel founded by Raghav Bahl based in Noida, Uttar Pradesh, India. It is currently co-owned by Network18 Group and Warner Bros. Discovery. CNN provides internationa ...
. The resignations reportedly caused a number of problems for the network, the morale in the newsroom dipped and the network began finding it difficult to remain on top with an emergence of a crowded market with high competition as newer channels had more room for experimentation. Manchanda's resignation made the company's advertisers, the primary source of revenue to become vulnerable as the network which was solely in news broadcasting didn't have extensive connections unlike others in the industry.
Due to the founder of CNN IBN being from NDTV, among other examples, the network is widely credited for having created a category of media professionals with high credibility in the Indian broadcasting industry. In an effort to check further loss of employees, the company began offering extensive salary raises and stock options to its employees after the departure of Sardesai. It was noted in 2012 that the company had a high distribution of its wealth, with stock options worth being available to over 200 employees (15% of the workforce). In 2005, the network had also launched a business news channel called NDTV Profit. The channel would become a competitor of the leading business news channel CNBC TV18 over the next 5 years.
Despite the increase in competition NDTV had continued to grow and by the end of the 2005, the network had 19 offices and studios across the country. In 2006, the company founded NDTV Convergence, the subsidiary overlooking its digital media operations. In June, NDTV partnered with the Southeast Asian media company Astro
Astro may refer to:
Entertainment and media
* Astro (South Korean band), a South Korean boy band
* Astro (UB40) (1957–2021), member of the British reggae band UB40
* Astro (Chilean band), a Chilean indie rock band
* Astro (Japanese band), ...
to launch a Bahasa Melayu
Malay (; ms, Bahasa Melayu, links=no, Jawi: , Rencong: ) is an Austronesian language that is an official language of Brunei, Indonesia, Malaysia, and Singapore, and that is also spoken in East Timor and parts of the Philippines and ...
infotainment channel Astro Awani while taking a stake of 20% in the joint venture. Under the terms of agreement, NDTV instituted the infrastructure for the channel and Astro undertook the production. The channel was the first one to be launched by Astro and the first one to be launched by NDTV outside India. It had also made a number of agreements for overseas distribution of its Indian channels and had a growing audience among the Indian diaspora
Overseas Indians (IAST: ), officially Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are Indians who live outside of the Republic of India. According to the Government of India, ''Non-Resident Indians'' are citizens of Indi ...
in the United States, United Kingdom, Canada, South Africa and the Middle East.
2007–2015: Expansion attempts, financial crisis and digital growth
In 2007, NDTV began diversifying into the general entertainment and lifestyle broadcasting industry. The company founded the subsidiary of NDTV Lifestyle and launched the first lifestyle channel in India calledNDTV Good Times
''Goodtimes'' is the flagship channel of Lifestyle & Media Broadcasting Ltd. It was launched in September 2007.
Rebranding
Goodtimes underwent a makeover in November 2013 to redefine the lifestyle entertainment category codes once again. Fro ...
on 7 September 2007. Following the launch, Smeeta Chakraborty, who was appointed as the CEO of NDTV Lifestyle announced that the company would be looking into expanding in other language markets and intended to launch three to five new channels within the next 2 years. NDTV Lifestyle also entered into an agreement with the United Breweries Group
United Breweries Holdings Limited (UBHL), also called UB Group, is an Indian conglomerate
headquartered in UB City, Bangalore, Karnataka. Its core business includes beverages and investments in various sectors. The company markets beer un ...
for a branding tie-up between the Kingfisher
Kingfishers are a family, the Alcedinidae, of small to medium-sized, brightly colored birds in the order Coraciiformes. They have a cosmopolitan distribution, with most species found in the tropical regions of Africa, Asia, and Oceania, ...
lager
Lager () is beer which has been brewed and conditioned at low temperature. Lagers can be pale, amber, or dark. Pale lager is the most widely consumed and commercially available style of beer. The term "lager" comes from the German for "storag ...
and NDTV Good Times.
In January 2008, NDTV entered into a strategic partnership with the American mass media conglomerate NBCUniversal
NBCUniversal Media, LLC is an American multinational mass media and entertainment conglomerate corporation owned by Comcast and headquartered at 30 Rockefeller Plaza in Midtown Manhattan, New York City, United States.
NBCUniversal is primari ...
, in an attempt to expand into the general entertainment industry in India. NBCUniversal bought 26% of the stake with a net valuation of US$600 million for the company and NDTV was expected to receive television formats used by the NBC in the United States. In an attempt to replicating the model of networks using general entertainment channels to subsidise newsgathering expenses, the network launched its first general entertainment channel NDTV Imagine
Imagine TV was a Hindi general entertainment channel owned by Turner Broadcasting System, and based in New Delhi.
The channel was known for shows such as '' Ramayan (2008), Chandragupta Maurya, '' Swayamvar'', ''Baba Aiso Varr Dhoondo'', '' ...
on 21 January 2008. The channel's launch was also aided by Sameer Nair
Sameer Nair (born 1965) is an Indian media executive and business professional currently serving as CEO of Applause Entertainment Limited. He helped revamp the Star India, Star One, Star Utsav, Star Gold, Star Vijay and Channel V television ne ...
, the CEO of Applause Entertainment
Applause Entertainment, a venture of the Aditya Birla Group of Companies, headed by Sameer Nair
Sameer Nair (born 1965) is an Indian media executive and business professional currently serving as CEO of Applause Entertainment Limited. He ...
, who was in a partnership with NDTV. The operating company NDTV Imagine Ltd held a production studio NDTV Imagine Picture and entered into two partnerships to launched the music and entertainment channel NDTV Imagine Showbiz and the multilingual world movies channel NDTV Lumiere
Lumière Movies was an Indian 24-hour movie channel dedicated to foreign films owned by Turner Broadcasting System (a subsidiary of Time Warner) based in Mumbai.
The channel was launched by NDTV Group in joint venture with Alliance Lumière Pvt. ...
.
The company conceptualised a genre of channels which would focus on localised news and founded NDTV MetroNation, which was projected to launch a series of channels catering to metropolitan cities such as Delhi
Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...
, Kolkata
Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...
and Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
. The first and only channel to be launched under this branding was NDTV MetroNation Delhi. NDTV entered into a partnership with the national daily newspaper ''The Hindu
''The Hindu'' is an Indian English-language daily newspaper owned by The Hindu Group, headquartered in Chennai, Tamil Nadu. It began as a weekly in 1878 and became a daily in 1889. It is one of the Indian newspapers of record and the secon ...
'', under the joint venture MetroNation Chennai to launched the Chennai-centric English language news channel which was named NDTV Hindu
Thanthi TV is a 24-hour Tamil news satellite television channel based in Chennai, India. It is owned by Dina Thanthi.
History
NDTV Hindu was launched on 16 May 2009, owned by NDTV (51%) and The Hindu Group (49%). It was started as a Chennai ...
. Later in 2010, the company also entered in a partnership with the Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...
based conglomerate BEXIMCO
Bangladesh Export Import Company Limited (Bangla Transliteration: বাংলাদেশ এক্সপোর্ট ইমপোর্ট কোম্পানি লিমিটেড, romanised: ''Bānglādēsh ēkspōrṭ impōrṭ kō ...
to launch the Independent Television, a 24x7 news channel in Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...
.
The expansion attempts coincided with the 2008 financial crash
8 (eight) is the natural number following 7 and preceding 9.
In mathematics
8 is:
* a composite number, its proper divisors being , , and . It is twice 4 or four times 2.
* a power of two, being 2 (two cubed), and is the first number of t ...
and the funds raised for the expansion, through partnerships and bonds were exhausted within a short period of time. NDTV had an ongoing open offer for buyback of shares and the stock prices at the Bombay Stock Exchange (BSE) nosedived from around ₹400 to ₹100 which added a large shortfall. This caused the promoters of the company to go through a chain of borrowings from various multinationals. NDTV also made a series of divestments of its assets through a number of sales in the following period. In August 2009, the chain borrowings had eventually led the promoters debt being transferred to a shell company which was owned by a subsidiary of Reliance Industries, and in October 2009, NBCUniversal decided to pull out of the partnership and sold off its share back to NDTV. Following which, Time Warner
Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States.
It was originally established in 1972 by ...
bought out a 92% majority stake of the general entertainment subsidiary NDTV Imagine Ltd for US$124.5 million in December. The company had also launched a Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...
based English and Hindi language news channel called NDTV Arabia, targeting Indian expatriates in 2007, which was closed down in 2009.
The editorial credibility of the network suffered damage as well when recordings made by the Income Tax Department of communication by the Reliance Industries lobbyist Niira Radia
Niira Radia is a former corporate lobbyist whose taped telephone conversations implicated her influence in the allocation of key ministries in the Government of India in 2009. Discussion of the tapes resulted in the "Radia tapes controversy", wh ...
were leaked and a series of transcripts called the Radia tapes published by the ''Open'' and ''Outlook'' magazines. The tapes prominently featured journalist Barkha Dutt
Barkha Dutt is an Indian television journalist and author. She has been a reporter and news anchor at NDTV and Tiranga TV. She currently runs her own digital news channel called 'MoJo Story'. She is also an opinion columnist with ''The Hindus ...
who appeared to be violating norms of journalistic integrity. NDTV was one of the few news broadcasting companies which had a codified code of conduct for its journalistic output. The tapes came under the backdrop of the loan granted to NDTV by Reliance and included suggestions from Radia to the journalist MK Venu on how Roy needs to be supported. ''The Sunday Guardian
''The Sunday Guardian'' is an Indian Sunday newspaper, founded by journalist and politician M. J. Akbar, and currently owned by iTV Network. It was launched on 31 January 2010 from New Delhi and is printed in New Delhi, Mumbai and Chandigarh. ...
,'' a newspaper owned by politicians M. J. Akbar
Mobasher Jawed Akbar (born 11 January 1951) is an Indian journalist and politician, who served as the Minister of State (MoS) for External Affairs until 17 October 2018. Akbar is a Member of Parliament in the Rajya Sabha, and was inducted i ...
and Ram Jethmalani
Ram Boolchand Jethmalani (14 September 1923 – 8 September 2019) was an Indian lawyer and politician. He served as India's Union minister of law and justice, as chairman of the Indian Bar Council, and as the president of the Supreme Court B ...
also published a 2010 article which alleged that NDTV had colluded with ICICI Bank
ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiari ...
and indulged in financial misdemeanours. NDTV sued for and in February 2011, the Delhi High Court restrained any further circulation of the article.
The company's finances had taken a downturn since the financial crisis and its expansion ventures had failed, it also marked the beginning of a consistent streak of net annual losses. In March 2011, NDTV Lifestyle (subsidiary operating NDTV Good Times) was converted into a joint venture with the sale of 49% of the company's stake to Astro. The stake sale of NDTV Lifestyle resulted in the net valuation of the subsidiary to be US$80 million. And in October, the joint venture MetroNation Chennai which operated the channel NDTV Hindu was bought out by the Tamil-language daily newspaper, ''Dina Thanthi
''Dina Thanthi'' ( en, Daily Mail; known as Daily Thanthi in English) is a Tamil language daily newspaper. It was founded by S. P. Adithanar in Madurai in 1942. ''Dina Thanthi'' is India's largest daily printed in the Tamil language and the nin ...
'' for a sum of . The joint venture had incurred a net loss of in two years of its operation. In 2015, the business news channel NDTV Profit became a hybrid channel featuring both business news programs during day and entertainment programs under the name NDTV Prime on weekends and after 6pm.
In contrast, the digital media arm of the company, NDTV Convergence had entered a phase of exponential growth. Between March 2011 and March 2015, it grew four-folds in terms of revenue and ten-folds in terms of profits and as a result increased its share of the total consolidated income from 4.6% to 18%. NDTV Convergence had synchronised the network's newsgathering with its internet and mobile presence. The digital media arm was credited for reducing the losses of the company by 50% between the financial years 2013–14 and 2014–15.
In addition, the subsidiary launched a number of online verticals namely the automobile portal CarAndBike.com, the electronics portal Gadgets360, the food and drinks portal SmartCooky and the wedding preparation website BandBaajaa.com which catered to consumer interest specific news. NDTV also launched the e-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
venture Indianroots through its subsidiary NDTV Ethnic Retail in 2013. The venture was a fashion store selling Indian ethnic clothes and jewelries, which expanded its consumer base across India and the United States, recording a twelve-fold jump of its gross merchandise value in 2014–15, and featured over 700 brands and 100 designers with a valuation of US$85 million in May 2015. Gadgets360 also entered the e-commerce industry and began selling electronic devices from 2015 onwards. CarAndBike.com and BandBaajaa.com entered the industry as well and began selling products.
On 25 July 2012, NDTV moved a lawsuit for over US$1,000 million against the TAM Media Research
TAM Media Research is a joint venture company between AC Nielsen and Kantar Media Research/IMRB. It is one of the two television Audience measurement analysis firms of India (the other being aMap). Besides measuring television viewership, TAM a ...
for manipulation of data at the New York Supreme Court. TAM had instituted a television rating system called TRP, used to determine viewership of channel and fix advertising rates between broadcasters and advertisers. While the TAM data had been previously alleged by broadcasters to have been manipulated, NDTV's lawsuit was considered a landmark event which implicated over 30 companies and individuals of deliberately manipulating data and which eventually led to a number of broadcasters raising similar complaints. According to NDTV, the manipulated data had caused damages of at least US$810 million due to fraud and damages worth at least US$580 million for the network over a period of eight years. The lawsuit itself was dismissed while the ruling stated that even though TAM was registered in the United States, the damages were outside its jurisdiction, and in 2015, Broadcast Audience Research Council (BARC) launched its own rating system. In the following year, TAM was merged into BARC, although it was noted that the shareholders of the new entity had remained the same and the rating system continued to be vulnerable to manipulation.
2015–present: Government pressure and litigations
With the ascendancy ofNarendra Modi
Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from ...
to the premiership of India, advertisers with NDTV began to be pressurised to disassociate with the company and an array of litigations were initiated against the company. The government pressure against the news broadcaster was seen as part of a wider pattern of attacks on media freedom
Freedom of the press or freedom of the media is the fundamental principle that communication and expression through various media, including printed and electronic media, especially published materials, should be considered a right to be exerci ...
in the country.
In 2015, the Enforcement Directorate
The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance, Gover ...
(ED) served a notice on alleged violation of the Foreign Exchange Management Act
The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly d ...
. In 2016, the Hindi language news channel NDTV India was banned by the government on allegations that the channel had threatened national security. The company subsequently appealed against the ban at the Supreme Court of India. The ban was withdrawn the following day, after popular outcry, protests from journalists and widespread criticism including from the Editor's Guild of India. In the same year, the Income Tax Department (ITD) served a tax reassessment notice which alleged that the company had committed tax evasion in the financial year 2009–10. The Delhi bench of the Income Tax Appellate Tribunal
India's Income Tax Appellate Tribunal (ITAT) was set up on 25 January 1941, and it was the first experiment in tribunalization in the history of India. It is second appellate authority under the direct taxes and first independent forum in its ...
which functioned under the Ministry of Law upheld the findings of the department held the company liable for reassessment of taxation with penalty. According to the findings, the company had allegedly colluded with NBCUniversal, a subsidiary of General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ...
in a complex money laundering scheme for evading taxation of what was noted to be relatively small amount of funds relative to the size of the companies.
In 2017, NDTV instituted a turnaround plan and announced that the company would undergo a restructuring process, intending to concentrate on core assets of news broadcasting and its digital teams operating its apps and websites, while cutting down on ancillary assets including its e-commerce business. The restructuring also involved layoffs of a number of staff and a shift towards mobile and digital oriented journalism. It was noted that while the debt had decreased considerable between 2012 and 2016, the valuation of the company had deteriorated.
The company sold NDTV Ethnic Retail which operated Indianroots and divested 2% of the stake in NDTV Lifestyle in favor of the luxury company Nameh Hotels & Resorts. Fifth Gear Ventures operated the automobile portal CarAndBike.com and was held by NDTV Convergence, which diluted its stake from 79% to 43%, granting a controlling stake to the company Autobyte Private. NDTV Profit was pulled off air on 5 June 2017, and converted into an infotainment channel solely under the designation of NDTV Prime. The business news segment of NDTV Profit was moved to the English language news channel NDTV 24x7. In 2018, NDTV Convergence also completed a sale with Wedding Junction Private Ltd and sold off Special Occasion Ltd, which operated the wedding arrangements portal BandBaajaa.com. In January 2020, Fifth Gear Ventures was acquired by a subsidiary of Mahindra & Mahindra
Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed as Mahindra & Mahindra. Part of the Mahindra Group ...
.
In the meantime in 2017, the Central Bureau of Investigation (CBI) lodged a case against the company on allegations that it had defrauded ICICI Bank, and the offices of the company and residence of the founders, the Roys were raided by the bureau. The raid had come a day after an NDTV presenter had engaged in an argument with a spokesperson of the ruling party. The case was lodged on the basis of a complaint by a stockbroker Sanjay Dutt supported by the retracted ''Sunday Guardian'' article. It was noted that ICICI Bank itself considered the company to have returned the loan within an year and had not received any details of the case. The raids received condemnation and the CBI was accused of being under pressure from the government to act against the news broadcaster.
In 2019, the CBI lodged a new case against NDTV on allegations that it had laundered money and violated FDI norms. According to NDTV, government agencies were lodging different cases and then deliberately stalling investigations as no evidence were found. In same year, the Securities and Exchange Board of India (SEBI) barred the Roys from accessing the securities market and from holding any managerial or board positions in the company for two years on allegations that the promoters had failed to disclose agreements to minority stakeholders of the company. In 2020, the Supreme Court of India quashed the ITD notice against the company on the grounds that its allegation contradicted the statements presented by the Revenue Department.
In 2020, an independent technology startup Prashnam conducted a survey which calculated that NDTV India was the news channel with the highest viewership in the Hindi speaking states of Bihar
Bihar (; ) is a state in eastern India. It is the 2nd largest state by population in 2019, 12th largest by area of , and 14th largest by GDP in 2021. Bihar borders Uttar Pradesh to its west, Nepal to the north, the northern part of West Be ...
, Jharkhand
Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . I ...
and Rajasthan
Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern si ...
, and the second highest viewership in the state of Madhya Pradesh
Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...
, ranging around 23–24% of the population in the respective states. In 2022, NDTV pulled out of the ratings agency BARC as it was not satisfied with the changes introduced in the calculation of TV rating after the TRP scam
The TRP manipulation scam of 2020 involved the alleged inflation by some television channels of their viewership ratings. The investigation was based on a complaint filed with the Mumbai Police. The 70% revenue for television channels coming fro ...
expose.
Acquisition by Adani Group
In August 2022, the Adani Group
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises. The Group's diverse businesses include po ...
launched a hostile bid to takeover NDTV. The bid by the billionaire Gautam Adani
Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of Adani Group, a multinational conglomerate involved in port development and operations in India. He is also the president of ...
, who has close ties to the Prime Minister Narendra Modi raised widespread negative reactions and concerns about further deterioration of the condition of press freedom in the country under the Modi government. NDTV, unlike most other major news broadcasters, still carried critical independent coverage and was not toeing the official line of the ruling Bharatiya Janata Party
The Bharatiya Janata Party (BJP; ; ) is a political party in India, and one of the two major Indian political parties alongside the Indian National Congress. Since 2014, it has been the ruling political party in India under Narendra Modi ...
. The takeover attempt is also described to resemble the takeover of the largest news broadcaster Network18
Network18 Media & Investments Limited, (formerly SGA Finance and Management Service and Network18 Fincap Limited) commonly referred to as the Network18 Group and sometimes as the Network18–Eenadu Group, is an Indian media conglomerate owned b ...
, that had occurred earlier under Mukesh Ambani, another billionaire with close ties to Narendra Modi. The Delhi Union of Journalists released a statement raising concerns that two oligarchs
Oligarch may refer to:
Authority
* Oligarch, a member of an oligarchy, a power structure where control resides in a small number of people
* Oligarch (Kingdom of Hungary), late 13th–14th centuries
* Business oligarch, wealthy and influential bu ...
were taking over independent news broadcasters and stifling critical journalism at the behest of the ruling establishment. It ended with a concluding line stating that, "the illusion that India is still a democracy now lies shattered".
The bid started on 23 August 2022, when Adani Media acquired Vishvapradhan Commercial (VPCL) for a value of . VPCL was the shell company that Mukesh Ambani's Reliance Industries (RIL) had used through a chain of complex transactions to obtain convertible warrants to RRPR, a holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
that had a stake of 29.18% in NDTV. The Adani Group released an announcement on the same day that it was exercising the rights to the warrants that VCPL held and acquiring 99.95% of RRPR, giving the group nearly the entire 29.18% shareholding in NDTV, which would leave the Roys with a 32.27% stake. The announcement included an open offer for an additional 26% shareholding that would be triggered upon acquisition of RRPR's share. The open offer price was however set at ₹294 which ended up being 20.5% less than NDTV's share price at the end of 23 August. Over the course of the following days the market value of the shares would keep increasing which made it unlikely that public shareholders would take the open offer and it was accompanied by the Roy's attempt to thwart the takeover bid.
The takeover bid had come as a surprise to the Roys and NDTV released a statement that Adani Group had neither notified or consulted them nor did the acquisition have their consent. The contract with VPCL contained a clause that any exercising of rights to the warrants for over 26% of the shareholding of NDTV would require the promoter's consent but due to the details of the contract not being in the public domain it is unclear whether the acquisition of RRPR would be included. On the night of 24 August, NDTV released another announcement stating that the transfer of RRPR's share could not be completed due to a regulatory prohibition on the promoters that preventing them from accessing the market till November 2022 and that the transfer would need approval from the Securities and Exchange Board of India (SEBI). Adani Group rejected the latter announcement arguing that the transaction did not require SEBI approval. On 29 August, '' LiveMint'' published a report on the internal consultations at SEBI based on insider sources, which stated that the regulator was likely to take a view in favor of the Adani Group.
According to ''The Hindu
''The Hindu'' is an Indian English-language daily newspaper owned by The Hindu Group, headquartered in Chennai, Tamil Nadu. It began as a weekly in 1878 and became a daily in 1889. It is one of the Indian newspapers of record and the secon ...
'', the takeover attempt was heading towards either a protracted legal battle or an aggressive bidding war between the Roys and the Adani Group. Corporate law expert Siddharth Mody described Adani's bid as a calculated move to acquire one of the last media companies that was giving space to critical coverage of the Modi government. The takeover bid had came right after a credit analysis from Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations ( NRSRO ...
had shown that the Adani Group was severely overleveraged and under risk of a financial default.
Channels and subsidiaries
NDTV operates three broadcast channels which includes two news channels and one infotainment channel. The company has a stake three more channels which are managed through joint ventures. In addition, it has auxiliary services subsidiaries such as NDTV Labs, a research and development company set up exclusively to augment production process within the group, and NDTV Emerging Markets, a consultancy firm set up to assist in the launch of NDTV news channels outside India.Broadcast
TheEnglish language
English is a West Germanic language of the Indo-European language family, with its earliest forms spoken by the inhabitants of early medieval England. It is named after the Angles, one of the ancient Germanic peoples that migrated to the is ...
news channel NDTV 24x7 is considered to be the first 24x7 news channel in India, being a successor to Star News which was founded by NDTV and Star India. It is available internationally, through various distribution partnerships including one with Time Warner Cable
Time Warner Cable, Inc. (TWC) was an American cable television company. Before it was acquired by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operat ...
and DirecTV
DirecTV (trademarked as DIRECTV) is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. I ...
in the United States. The channel operates under the designation of ATN NDTV 24x7 in Canada as it broadcasts its programming through the Asian Television Network
Asian Television Network (ATN) is a publicly traded Canadian broadcasting company, with 54 television channels in 9 languages, serving the South Asian cultural communities in Canada. ATN operates a South Asian Radio service on XM, available in ...
.
The Hindi language
Hindi (Devanāgarī: or , ), or more precisely Modern Standard Hindi (Devanagari: ), is an Indo-Aryan language spoken chiefly in the Hindi Belt region encompassing parts of northern, central, eastern, and western India. Hindi has been de ...
news channel NDTV India is a national news channel and has widespread viewership in India. The channel is closely associated with its editor-in-chief Ravish Kumar
Ravish Kumar (born 5 December 1974) is an Indian journalist, author and media personality. He was the Senior Executive Editor of NDTV India. He hosted a number of programmes including the channel's flagship weekday show ''Prime Time'', ''Hum ...
, the recipient of a number of distinguished awards including the Ramon Magsaysay Award and considered to be one of the most influential journalists in India.
The infotainment channel NDTV Prime was known as an innovation for being part of a two in one hybrid channel with NDTV Profit, with the same channel providing business news in daytime during weekdays under the designation of Profit and information and entertainment at other times under the designation of Prime. The channel was later converted into a full time infotainment channel and the business news programs shifted to NDTV 24x7.
The subsidiary NDTV Lifestyle which launched the first lifestyle channel in India called NDTV Good Times, continues to operate the channel in a joint venture with the Southeast Asian media company Astro. NDTV also has two joint ventures where it manages the broadcast infrastructure of the infotainment channel Astro Awani in Southeast Asia and manages the news channel Independent Television with BEXIMCO in Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...
.
Digital
The subsidiary NDTV Convergence was set up as the digital branch of the company, and manages all its digital properties including its websites, apps and social media assets. The company has an exclusive partnership for advertisements on and content recommendations for NDTV's digital assets with the Israeli advertising companyTaboola
Taboola is a public advertising company headquartered in New York City. The CEO of Taboola is Adam Singolda, who founded the company in 2007. It provides advertisements such as "Around the Web" and "Recommended For You" boxes at the bottom of man ...
.
NDTV Convergence is considered as an international news channel of the company with its output available to audiences outside India. The flagship website of the company ndtv.com, is among the most widely used news sites and has widespread audience reach in India. The company operates a number of separate web portals including one that is managed through a subsidiary called SmartyCooky, which operates the food portal under the designation of NDTV Food. The site also features podcasts of which competes with international brands such as TED
TED may refer to:
Economics and finance
* TED spread between U.S. Treasuries and Eurodollar
Education
* ''Türk Eğitim Derneği'', the Turkish Education Association
** TED Ankara College Foundation Schools, Turkey
** Transvaal Education Depa ...
and Oprah
Oprah Gail Winfrey (; born Orpah Gail Winfrey; January 29, 1954), or simply Oprah, is an American talk show host, television producer, actress, author, and philanthropist. She is best known for her talk show, ''The Oprah Winfrey Show'', b ...
among the Indian audience. The .in domain for ndtv was noted to have been heavily contested and was acquired at extreme value by the company.
In addition, NDTV provides news services through the NDTV mobile app
A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on d ...
which has subscription offers of per annum for an advertisement-free experience. The app is one of the most used news apps in India competing with the mobile app of the national newspaper ''The Hindu
''The Hindu'' is an Indian English-language daily newspaper owned by The Hindu Group, headquartered in Chennai, Tamil Nadu. It began as a weekly in 1878 and became a daily in 1889. It is one of the Indian newspapers of record and the secon ...
'', apps of Bennett, Coleman & Co
Bennett, Coleman and Company Limited, (abbreviated as B.C.C.L. and d/b/a The Times Group), is an Indian media conglomerate headquartered in Mumbai, Maharashtra. The company remains a family-owned business with Sahu Jain family owning a majorit ...
publications and the apps of news aggregator
In computing, a news aggregator, also termed a feed aggregator, feed reader, news reader, RSS reader or simply an aggregator, is client software or a web application that aggregates syndicated web content such as online newspapers, blogs, ...
s such as Google News and Flipboard
Flipboard is a news aggregator and social network aggregation company based in Palo Alto, California, with offices in New York, Vancouver, and Bejiing. Its software, also known as Flipboard, was first released in July 2010. It aggregates conten ...
.
It has a centralised social media control with assigned teams, the social media editors are composed of staff who have volunteered for handling digital media operations and work in collaboration with their website and television channels for their news output and are noted for prioritising monitoring of news agencies, international bodies and persons of interest on social media as part of their newsgathering operations. In a social network analysis
Social network analysis (SNA) is the process of investigating social structures through the use of networks and graph theory. It characterizes networked structures in terms of ''nodes'' (individual actors, people, or things within the network) ...
of news outlets on Twitter
Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and ...
, it was found that NDTV was one of the most prominent nodes alongside ''The Indian Express
''The Indian Express'' is an English-language Indian daily newspaper founded in 1932. It is published in Mumbai by the Indian Express Group. In 1999, eight years after the group's founder Ramnath Goenka's death in 1991, the group was split betw ...
'' and ''The Times of India
''The Times of India'', also known by its abbreviation ''TOI'', is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the third-largest newspaper in India by circulation and largest ...
''.
Corporate affairs
Ownership
The co-founders, journalist Radhika Roy and economist Prannoy Roy are the promoters of the company and have a controlling stake of 61.45%; individually holding 16.32% and 15.95% of the shares respectively, and jointly holding an additional 29.18% through a holding company called RRPR. The shareholding of RRPR is contested between the promoters and the conglomerateAdani Group
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises. The Group's diverse businesses include po ...
that is attempting a hostile takeover of NDTV.
Among other shareholders are the Mauritius
Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...
based LTS Investment Fund and Vikasa India EIF I Fund which hold 9.75% and 4.42% respectively. Both the companies have links to the Adani Group, LTS Investment Fund in particular has investments worth in 13 Indian companies of which 4 belong to the Adani Group and the investments in these 4 constitute around 98% of their total investments, worth .
NDTV is noted for its stock options available to its employees and a consequent high distribution of wealth among its employees, with around 24.4% of the shares are owned through individual shareholdings of 1% or less in 2019. In 2022, the small shareholding comprised 23.85% were divided among 29,691 individuals and 947 entities. Four of these entities were Drolia Agencies, GRD Securities, Adesh Broking and Confirm Rebuild, which had interlinked directors and collectively held 7.11%.
Corporate governance and culture
The two founders are designated as the executive co-chairpersons of the company, and a number of vice co-chairpersons have been appointed as thechief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
(CEO) from time to time. K. V. L. Narayan Rao was the CEO of the company between 2007 and 2013, followed by Vikram Chandra whose tenure ended in 2016 and Rao was re-appointed until his death in 2017. Suparna Singh was appointed as an interim CEO and resigned in 2019.
NDTV was one of the first companies in India to make an independent foray in the media industry. The company was founded at a time when a few private operators were permitted on the official broadcast channels, and initially recruited journalists with bureaucratic connections. It eventually developed collegial newsrooms, and began offering greater benefits in an attempt to recruit and retain a pool of talented journalists. For a period, the newsrooms had acquired the moniker of "Roys boys" at a time when Prannoy Roy used to be the anchor and would refer to his colleagues as a "family" which is described by some of his former staff to have been broken when the editor-in-chief Rajdeep Sardesai resigned after the company went public. The newsrooms themselves were stewarded by Radhika Roy since the inception, who is described to have been incessant on maintaining a high standard for its editorial output, in the process instituting a code of conduct for journalistic ethics.
Since the inception of the Ramnath Goenka Excellence in Journalism Awards, the journalists of the company's news channels have been the recipient one or more award every single year with the exception of 2013 and 2018, collectively winning 32 individual awards across various categories. It also has a high employee retention rate, with 28% of the workforce having been employed in it for over 10 years, considered to be unprecedented in the electronic media industry, which has an average service period of less than four years. Due to a number of notable broadcast journalists and media executives of various other companies emerging from employment under NDTV, the company has acquired a reputation of being a "training ground" for television broadcasting in India.
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* {{DEFAULTSORT:NDTV Television networks in India Television stations in Delhi Television stations in New Delhi Television broadcasting companies of India Mass media companies based in Delhi Companies based in New Delhi Indian companies established in 1988 Mass media companies established in 1988 Television channels and stations established in 1988 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange