ITV Group and its associates acquire control of NewsX
Monday, 16th July, 2012, New Delhi: The ITV Group promoted by Mr. 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 Mr. 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, Mr. Vinay Chhajlani and Mr. 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.”
About the ITV Group
ITV Media (Information TV) operates Hindi news channel India News and six regional news channels in northern and central India. ITV’s Managing Director is Mr. Kartikeya Sharma, who also heads GMI (Good Morning Media India) that publishes ‘Aaj Samaj’, northern India’s fastest-growing Hindi daily. Aaj Samaj is published in Delhi, and printed in Faridabad, Ambala and Hisar.