iTV Network acquires controlling stake of NewsX

NewsX LogoThe ITV Network promoted by Kartikeya Sharma and its associates have acquired control of INX News Pvt. Ltd. which owns and operates the English news channel NewsX.

Speaking on the occasion Kartikeya Sharma, Managing Director, ITV said, “This is a logical market expansion for us and enables us to enter the English news domain while strengthening our presence in the broadcast and digital media space. NewsX has emerged as a quality news provider with great growth potential and making it part of our group’s network of seven regional news channels will bolster news gathering abilities and create multiple synergies all around.”

In 2009, Vinay Chhajlani and Jehangir S. Pocha had joined hands to run NewsX. In a joint statement Chhajlani and Pocha said, “We are happy to hand over the channel to the ITV Group and acknowledge the contribution of the team that has earned NewsX much recognition. Being part of the ITV Group will help NewsX transcend the limitations of being a stand-alone channel and give new thrust to the channel’s editorial and commercial development.”

ITV Network (Information TV) operates Hindi news channel India News and six regional news channels in northern and central India. ITV’s Managing Director is Kartikeya Sharma, who also heads GMI (Good Morning Media India) that publishes ‘Aaj Samaaj’, northern India’s fastest-growing Hindi daily. Aaj Samaaj is published from Delhi, and printed in Faridabad, Ambala and Hisar.

Source: http://www.adgully.com/itv-group-acquires-controlling-stake-of-newsx-51056.html

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