TV18 & CNN Renew Partnership for CNN IBN

TV18, one of India's leading television broadcast networks and CNN International one of the leading international news brand today announced the extension of their collaboration on CNN IBN. Both parties embark on this new chapter with a determination to refresh CNN IBN and provide a credible, non-partisan service that will deliver the latest news about local affairs and an Indian perspective to international developments.

Announcing the extension, Adil Zainulbhai, Chairman, Network18 said, "We are delighted to announce the renewal of this extremely cherished partnership between two most respected brands in journalism. In this second term of our collaboration, we aim to present a brand new CNN IBN that will bring news with even greater speed, accuracy, clarity and credibility and keep the viewers tuned in to the latest news and developments much ahead of others. We also intend to cut through the noise and clutter that is currently present in the Indian television news space and offer best practices of journalism that will lead to better understanding of issues. The channel will organize meaningful debates and raise issues that touch the lives of our viewers. With this renewed partnership, we will enhance the process of news gathering and delivery to our viewers in an informative and enlightening manner."

Speaking on the occasion, Rani Raad, Chief Commercial Officer, CNN International, said, "We are really excited about the future of CNN IBN and together with the new management at TV18, are going to build upon the success we have already achieved. I look forward to the brand continuing its lead in the dynamic Indian news industry and am delighted that CNN IBN is staying in our family of CNN-branded channels around the world that include CNN Turk, CNN Chile, CNN Philippines, CNN Indonesia and CNN Greece."

Shares of TV18 BROADCAST LTD. was last trading in BSE at Rs.36.8 as compared to the previous close of Rs. 37.05. The total number of shares traded during the day was 1181372 in over 2599 trades.

The stock hit an intraday high of Rs. 38.2 and intraday low of 36.35. The net turnover during the day was Rs. 44121053.

Source : Equity Bulls

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