TV18 and E18 merges with Network18

Network18 Media and Investments and TV18 Broadcast has announced a scheme of arrangement in terms of which TV18 and e-Eighteen.com, which owns and operates moneycontrol website and app, will merge with Network18.

Additionally, the proposed scheme will consolidate TV and digital news businesses of the Network18 group in one company. It will enable Network18 to consolidate and further grow its business from a position of strength.

Moreover, the merged entity will comprise the TV portfolio of TV18 (20 news channels in 16 languages and CNBCTV18.com), digital assets of Network18 (News18.com platform across 13 languages and Firstpost) as also moneycontrol website and app.