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April 19, 2015 8:12 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 National Sales For Tv9 Kannada And News9
Senior Vice President of Sales and Marketing - Tv9
Compensation as of Fiscal Year 2014.

Associated Broadcasting Company Private Limited Key Developments

Associated Broadcasting Company Reportedly Receives Expressions Of Interest

Associated Broadcasting Company, which owns a network of news channels under the TV9 brand, has received expressions of interest from Information Tv Pvt. Ltd. (ITV) and Prasad V Potluri after it was put on the block, people familiar with the matter told The Times of India. TV9 is majority owned by Peepul Capital LLC (iLabs Capital) which holds a 60% stake, while SAIF Partners has minority shares in TV9. ITV and a consortium led by Potluri placed their interests, which valued Associated Broadcasting Company at around INR 4 billion, making them strong contenders in the fray that includes others as well. Edelweiss Capital is running the sale process. When contacted, Srini Raju of iLabs Capital and Edelweiss declined to comment, reported TOI. Prasad V Potluri did not respond to queries and calls at the time of going to press, while ITV's Chief Executive Officer for broadcasting RK Arora said the group was looking to expand to southern markets but was not in talks with TV9, TOI reported.

SAIF Partners Reportedly To Sell Stake In TV9

SAIF Partners is seeking to sell its stake in Associated Broadcasting Company Private Limited (TV9), sources reported. “The deal may be struck for approximately INR 1.5 billion,” a person close to the development told Business Line.

Sun TV denies TV9 acquisition report

Sun TV Network Ltd (BSE:532733) and Srini Raju denied a report that Sun TV is acquiring Associated Broadcasting Company Private Limited (TV9). SAIF Partners holds a 20% stake and Srini Raju through Peepul Capital LLC and Chintalapati Holdings owns a majority stake in TV9. The Hindu Business Line said, citing unidentified people, Sun TV was close to buying TV9 news channels for INR 1.5 billion. “It is total rubbish,” S.L Narayanan, Chief Financial Officer of Sun TV, said. Raju too denied the report of any such offer from Sun TV. “It’s completely false,” he said. “Sun TV group never approached me with any such offer and there is not an iota of truth in it,” he added. Shares of Sun TV dropped 0.48% to INR 416.85 on BSE at 12pm, while the exchange’s benchmark Sensex fell 1.25% to 19,784.05 points.

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