Rupert Murdoch's Star TV has admitted to an erosion of its earnings in India, its largest market in Asia, owing to higher content costs, competition from rivals such as Zee TV and disruptions in ratings measurement.
Murdoch is expected to rake up the issue of Space TV, the DTH service proposed by Star in partnership with Tata, during his meeting with I&B minister Jaipal Reddy.
If the deal goes through, it will be Lachlan's first investment through which he will take on his father Rupert Murdoch directly in the broadcasting space.
The Sun, the flagship publication of Murdoch's News Corporation, is in talks with Maran's Sun group to launch an English tabloid in the country.
Reuters Group Plc, which runs one of the world's leading news agencies as well as other financial data businesses, today said it has received an unsolicited takeover offer, but did not identify the potential bidder.
Sources say Ambani may be financing a part of the project in his individual capacity rather than through any of his group companies.
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A bitter family battle over inheritance has split media titan Rupert Murdoch's family, according to reports.\n\n
A day after Rupert Murdoch made a plea to allow greater foreign direct investment in the media sector, London-based Financial Times on Thursday asked the government to permit publication of foreign newspapers from India.
Analysts said News Crop bid could result in similar offers from other media giants.
The opening up of the sector has led to investments of Rs 1,200 crore towards the acquisition of over 280 frequencies.
Bullish on the private FM radio business, Rupert Murdoch's Star group will pick up 20 per cent equity in radio company Music Broadcast Pvt Ltd.
The much-hyped joint venture between Tatas and Rupert Murdoch controlled Star group is understood to have got all the government clearances for starting the Rs 1,600 crore (Rs 16 billion) direct-to-home venture in India.
Dish TV, the DTH arm of Zee group which will list on the stock markets in October-November this year, expects to break-even by fiscal 2008-09.
Mukesh Ambani of Reliance Industries, Nandan Mohan Nilekani of Infosys Technologies and Ratan Tata of the Tata group - have figured in this year's list of World's 50 most respected business leaders.
This season, the nature of the advertising game has changed dramatically with TV and digital rights going to different entities.
Tata Sky, the DTH venture of Tata group and Rupert Murdoch's Star group, on Monday went on air with the initial cost to users pegged at Rs 4,000 toward satellite dish and other hardware.
In a major victory for Zee-promoted DTH provider Dish TV, Telecom Disputes Settlement And Appellate Tribunal ordered Rupert Murdoch-controlled Star on Friday to provide its channels to the platform within the next 15 days.
Now, high profile media barons have an India visit in their itinerary. Four months after the launch of two Disney channels in India, Walt Disney's CEO Michael D Eisner plans to visit India next week along with his successor, Robert A Iger.
The DCA is still examining the matter of alleged violation of terms and conditions of license agreement by P K Mittal group company Music Broadcast Pvt Ltd and has not conveyed any decision to the government as yet on the issue.
ABP's Aveek Sarkar will be the chairman and Star TV's Peter Mukerjea the director of Media Content and Communication Services, which will run Star News.
Anand Bazar Publications Group and Rupert Murdoch-owned Star Group on Friday announced a joint venture for broadcasting Star News in India in which the Bengali publishing house would have a majority stake of 74 per cent.
Star, the Rupert Murdoch-owned media group, would launch its new channel as proposed on Monday, but has agreed to change its logo from 'One' to 'Star One'
Rupert Murdoch's Star Group has offloaded 74 per cent stake in its news operations to resident Indians and subsequently submitted an application to the ministry of information and broadcasting for permission to uplink from India.
In a major initiative, the Tatas on Tuesday announced a joint venture with the Star group for providing direct-to-home services in India, a venture that is estimated to involve an investment of over Rs 300 crore (Rs 3 billion).
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