Network18 group to merge TV, digital news businesses

New Delhi, Dec 6 (PTI) Network18 Media & Investments Ltd and TV18 Broadcast Ltd on Wednesday announced a consolidation of their TV and digital news businesses.

The two companies announced a scheme of arrangement under which TV18 Broadcast (TV18) and e-Eighteen.com Ltd (E18), which owns and operates moneycontrol website and app, will merge with Network18.

“The proposed scheme will consolidate TV and digital news businesses of the Network18 group in one company and will help create India’s largest platform-agnostic news media powerhouse with the widest footprint across languages, straddling both TV and digital,” the companies said in a statement.