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The
TV 18 Group''s Global Broadcast News Ltd will focus on
regional news. It is launching a 24-hour Marathi language
news and current affairs channel.
The
channel is being launched through a 50:50 joint-venture
with the Lokmat Group, owners of Lokmat, the
most widely circulated newspaper in Maharashtra, and
other publications including Lokmat Times and
Lokmat Samachar.
"The
launch of the Marathi channel is a continuation of the
growth momentum gained by GBN since its launch and is
in line with the company''s strategy of becoming an integrated
media platform both nationally and regionally,"
says Raghav Bahl, managing director, TV 18 Group.
Joint
managing director Sameer Manchanda said, "We see
the regional language space powering the next phase
of growth in the Indian television industry. Our partnership
with Lokmat will be driven by these opportunities
and also be in line with our quest to transform into
a full play media house.
"Our
new channel will target the ''highly aware and conscious
Marathi speaking'' audience in Western India with a delivery
style to suit their pace of lives. The spotlight will
always be on the spirit of ''whatever it takes''. We are
proud to be associated with a partner like Lokmat, who
stand out by not only capturing the people''s mood but
also being at the forefront of shaping their opinion,"
Manchanda added.
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