Скачать или смотреть 0098-Network18 मास मीडिया, केबल और ब्रॉडबैण्ड में बादशाहत की तैयारी: Media baron & subsidiary RIL

ABOUT NETWORK18
A trend-setter in its space, Network18 Media and Investments Ltd is one of the largest media conglomerates with diversified but synergistic interests in Television with its bouquet of fifty channels in India and thirteen international channels, besides filmed entertainment, digital content, magazines, digital commerce and allied businesses. Network18 is promoted by Independent Media Trust of which Reliance Industries is the sole beneficiary. TV18 Broadcast ltd, a subsidiary of Network18 manages its primary business of broadcasting. TV18 runs the largest news network in India, spanning business news, general news and regional news channels.

Network18 has built successful strategic alliances with globally reputed media players such as Viacom, CNBC, CNN, A+E Networks and Forbes.
Steered by a professional and experienced team of editors, news tellers and entertainers, Network18 constantly seeds new ideas of programming and triggers thought processes
At Network18, the focus is on driving the highest standards of creative excellence by fostering a culture of innovation to build new content formats thereby creating strong brands across diverse media
Through its continued investments in regional and digital platforms, Network18 claims unparalleled reach

Merging of RIL’s media & distribution businesses into Network18
 Listed entities TV18, Den and Hathway to be merged into Network18
 Network18 shares to be issued to shareholders of all of the above in swap-ratio as determined by valuers
Ring-fencing of businesses by placing in wholly owned subsidiaries (WOS)
 Cable Distribution, Internet Service Provider (ISP) and Digital businesses and
investments to be placed under separate WOS’s of Network18 – Cable Co, ISP
Co & Digital Co
Resultant: Diversified business, with better visibility and control
 Network18 standalone = News Broadcasting business of TV18
 Cable Co = Combined Cable business of Den and Hathway + stake in GTPL
 ISP Co = Combined ISP business of Den and Hathway
 Digital Co = Digital News business (New18.com, FirstPost, MoneyControl)

Strategic and Financial Rationale of the Merger

Creates one of India’s Largest Listed Media & Distribution Companies
 Simplifies structure of Network18, and reduces number of listed entities
 ~ Rs 8,000 Cr annual revenue
 ~ Rs 12,000 Cr market-cap (current price x no. of shares post merger)
 Combined group a major player across TV and Digital value chain
 ~13% of TV market, both by viewership and pay-TV subscribers
 India’s largest News network and #3 Entertainment broadcaster
 #1 cable distributor with 27 mn connected homes across the country
 6.7% share of wireline subscribers in India
 Enhanced scale to benefit all businesses
 Operationally and Financially stronger
 Capital structure to improve - Combined company to be Net Debt free
 Cost synergies from removal of overheads, and scale from integration
 Retain a higher share of the consumer spend on TV content within group
 Balanced mix of annuity (~53% subscription) and cyclical/seasonal (advertising
and others) revenue
 Reduced volatility of profitability and future levers of growth

Approval required for Merger:
SEBI and Stock Exchanges
Shareholders and Creditors' of all merging entities
Company law regulatory authorities and Income Tax Dept
NCLT Mumbai
Approval of the DoT for ISP License