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Home > Business > PTI > Report

Sun acquires Dinakaran newspapers

June 17, 2005 16:05 IST

Sun Network has acquired 100 per cent stake in Tamil publication major Dinakaran, according to an report.

With this, Sun Network controller Kalanithi Maran has entered the newspaper arena. He already has an established presence in television and radio.

Indiantelevision quoted Sun TV vice-president (programmes) Hansraj Saxena as saying: "This is a 100 per cent buyout. We are planning to relaunch Dinakaran in a big manner. This will be Sun's stepping stone into the newspaper space."

The deal was signed between Maran and Dinakaran group chief K Kumaran on June 16. However, the size of the deal has not been disclosed. According to the deal, all the Dinakaran group publications -- including Tamil dailies Daily Thanthi and Dina Malar -- will now move to Sun, said Indiantelevision. Presently, Dinakaran is the third largest daily in Tamil.

The Dinakaran group was promoted by the late K P Kandasamy, K Kumaran's father.

© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

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Number of User Comments: 2

Sub: Please verify the other dailies

Please kindly verify about Dinamalar, since Dinamalar does not share any relationship with Dinakaran. Also check about Daily Thanthi, i think Dinakaran and Daily Thanthi ...

Posted by Santhanam

Sub: Dina thanthi and Dinamalar?

Both these Dailies do not belong to Dinakaran group. They are no 1 and no 2 dailes in Tamilnadu. Kindly correct the news.

Posted by krishna prakash



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