July 22, 2017 7:04 AM ET

Media

Company Overview of Associated Broadcasting Company Private Limited

Company Overview

Associated Broadcasting Company Private Limited, a media company, broadcasts news. It operates news channels in Andhra Pradesh, Karnataka, Gujarat, Kolkata, Mumbai, Delhi, Kerala, and Chennai to broadcasts news. The company was founded in 2003 and is based in Hyderabad, India.

#97, Road No. 3

Banjara Hills

Hyderabad,  500034

India

Founded in 2003

Phone:

91 40 2335 2336

Fax:

91 40 2335 1553

Key Executives for Associated Broadcasting Company Private Limited

Founder and Chief Executive Officer
Chief Financial Officer
Head of Network Revenue and Director
Senior Vice President of Sales and Marketing - Tv9
Technical Head
Compensation as of Fiscal Year 2017.

Associated Broadcasting Company Private Limited Key Developments

TV9 Investors Reportedly Looking To Exit

Financial investors in Associated Broadcasting Company Private Limited (doing business as TV9) which has news channels in different languages, are reportedly looking for an exit this year. At least four media groups have completed due-diligence by roping in multi-national consultants to make a bid for the stake. A source close to the promoters has said that the deal could be closed in a month or two, depending on the size of the offer. "They (the media groups) have completed their due-diligence. They are yet to come back with a number. The deal is likely to happen in a month or two in all likelihood," the source said. While the financial investors have 80% stake in the Associated Broadcasting Company that owns TV9, Raviprakash, the Founder and Chief Executive Officer, and his team holds the remaining 20%. When contacted for his comment, the TV9 Founder and Chief Executive Officer (CEO), however, discounted the claims. "There is no such plan in the near term. A couple of serious investors approached us but that didn't happen. There is no immediate plan (for selling the stake by promoters) in the company," he said.

Associated Broadcasting Company is reportedly Looking To Divest Its Seven Regional TV News Channel

Associated Broadcasting Company Private Limited is reportedly looking for a buyer for its seven regional TV news channel bouquet under the TV9 brand, says a report by Business Standard. The report quotes TV9 founder & Chief Executive Officer Ravi Prakash saying that "private equity investors typically follow a seven-year horizon for their exit strategy while our investors stayed with the company for 12 years. We have been in touch with a couple of people for possible stake sale. But no final decision has been taken till now."

Zee Is Reported To Buy Stake In Associated Broadcasting Company

Zee Entertainment Enterprises Limited (NSEI:ZEEL) is likely to buy a majority stake in Associated Broadcasting Company Private Limited. Two independent sources confirmed the development. According to sources, the deal between the promoters of ABCL and Zee Group was finalized and the entire transaction was expected to be closed in a couple of months’ time. However, the details of the proposed transaction, in terms of percentage of equity being acquired, or the deal value was undisclosed. An email sent to Zee spokesperson remained unanswered till the time of going to press, reported Business Standard. ABCL officials said they have not reached any agreement with anybody with regard to stake sale.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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