ABP May Buyout Star News' Stake In JV
ABP Private Limited is planning to buy out Star Group Limited’s stake in news television JV- Media Content and Communications Services India Private Limited.
Formed in 2003, MCCS is a 74:26 JV between ABP TV and STAR News Broadcasting. MCCS broadcasts three 24-hour news channels, STAR News in Hindi, STAR Ananda in Bengali and STAR Majha in Marathi.
There have been issues between partners. ABP went ahead and independently launched a general entertainment channel, Sananda TV, to take on the popular STAR Jalsa in the Bangla GEC space. TAR India entered into an ad sales alliance with rival broadcaster NDTV for its three news channels.
Kolkata based ABP Pvt. Ltd. runs bengali newspaper - Anadabazar Patrika (Newspaper), Unish-Kuri (19-20) magazine, Anandalok magazine and other .
Recently, Zee Networks was planning to acquire 51% stake in NewsX, English news channel.
If the deal goes through, it will mark Zee's entry in English news space. It will compete with Times Now, NDTV 24x7, CNN-IBN and Headlines Today.
In Jan, TV18 Broadcast acquired Eenadu TV's (ETV’s) bouquet of regional channels.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2012-04-02 | STAR News Broadcasting - Media Content & Communications - ABP | M&A |
ABP Private Limited |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 13/06/2013 | M&A | YourStory Media Private Limited | ThinkChange India | - | Completed |
| 30/05/2013 | M&A | Network18 India Holdings. | FakingNews | - | Completed |
| 13/05/2013 | M&A | MPS Limited | Element LLC | 1.83 | Completed |
| 28/03/2013 | M&A | Zee Entertainment Enterprises Limited | MirriAd | - | Completed |
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| ABP Private Limited |
Arup Kumar Sarkar Aveek Kumar Sarkar Atideb Sarkar |
6 Prafulla Sarkar Street | www.abp.in | |
| Star News Broadcasting Limited | ||||
| Media Content And Communication Services India Private Limited |
Star News Broadcasting Limited ABP TV Pvt Ltd |
STAR News Centre, Off Dr. E. Moses Road, Mahalaxmi | www.mccsindia.com | |
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