The Kalanithi Maran-controlled Sun TV Network is reportedly set to acquire Hyderabad-based Associated Broadcasting Company (ABCL) for about Rs 150 crore. The Mauritius-based private equity firm Saif Partners has substantial stake in the company, and is looking to exit.
ABCL manages a chain of regional news channels under the brand TV9 and has six news channels, one in Telugu, two in Kannada, and one each in Gujarati, Marathi and English. TV9 is the market leader in the news genre in Andhra Pradesh and Karnataka, with a considerable lead over other news channels.
ABCL manages a chain of regional news channels under the brand TV9 and has six news channels, one in Telugu, two in Kannada, and one each in Gujarati, Marathi and English. TV9 is the market leader in the news genre in Andhra Pradesh and Karnataka, with a considerable lead over other news channels.
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