Advertisement

Turner Broadcasting boosts presence in India

Share

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Further expanding its reach in India, Time Warner’s Turner Broadcasting is shelling out $126.5 million for a 92% stake in NDTV Imagine, a popular Hindi general entertainment channel and some smaller assets.

Turner already owns several networks in India, including versions of CNN and Cartoon Network. It also owns Pogo, another kids channel.

Advertisement

‘India continues to be a key priority for us,’ said Steve Marcopoto, president of Turner Broadcasting’s Asia Pacific unit.

Besides NDTV Imagine, Turner is also taking control of NDTV Imagine Pictures, a movie production company and a couple of smaller networks. The parent of NDTV Imagine is New Delhi Television, a closely held Indian broadcaster, headed by husband-and-wife team Prannoy and Radhika Roy, that owns dozens of channels.

This move is the latest push by Time Warner to expand abroad. Earlier this year it spent $240 million for a stake in CME, Central Europe’s largest television programmer.

-- Joe Flint

Advertisement