Even as rumours of the Adani group wanting to buy out NDTV is looming large, another company has decided to exit from the media business. The one so charming industry doesn’t seem to be boding well for all, it seems.
According to media reports, the Aditya Birla Group is planning to cash out its investment in Living Media India, the holding company of the India Today Group and is said to have appointed Bank of America Merill Lynch (BofA-ML) for exiting the two year old investment in the Aroon Purie controlled group.
Living Media acts as a holding company and owns 57.2 per cent stake in TV Today Network. The listed company controls its broadcasting assets, including Aaj Tak and Headlines Today, and operates its publishing business, which includes a host of magazines such as India Today.
Aditya Birla Group may exit India Today Group | Indian Television Dot Com
According to media reports, the Aditya Birla Group is planning to cash out its investment in Living Media India, the holding company of the India Today Group and is said to have appointed Bank of America Merill Lynch (BofA-ML) for exiting the two year old investment in the Aroon Purie controlled group.
Living Media acts as a holding company and owns 57.2 per cent stake in TV Today Network. The listed company controls its broadcasting assets, including Aaj Tak and Headlines Today, and operates its publishing business, which includes a host of magazines such as India Today.
Aditya Birla Group may exit India Today Group | Indian Television Dot Com
