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Arnab Goswami’s channel to be named ‘Republic TV’
MUMBAI: Arnab Goswami’s news channel will be named ‘Republic TV’ and not ‘Republic’, according to a fresh application filed with the Ministry of Information and Broadcasting (MIB).
Goswami, in his capacity as the managing director and editor-in-chief of ARG Outlier Media Pvt Ltd that will run the new channel, has requested that all references to ‘Republic’ in their previous applications be now read as ‘Republic TV’, News18 reported.
Earlier, BJP leader and Rajya Sabha MP Subramanian Swamy had written a letter to the MIB against granting licence to Goswami’s upcoming news channel ‘Republic’. According to Swamy, the Emblems and Names (Prevention of Improper Use) Act, 1950 bars anyone from using the term ‘Republic’ for professional and commercial purposes.
As reported earier by TelevisionPost.com, Goswami has teamed up with Rajya Sabha MP and NDA vice-chairman Rajeev Chandrasekhar for his TV and digital news venture ‘Republic’. The two, along with Goswami’s wife Samyabrata Ray Goswami, have floated two companies named ARG Outlier Media and SARG Media Holding for the venture.
Chandrasekhar, who is the also the CMD of Asianet News Network, has invested Rs 30 crore in the venture.
Besides Chandrasekhar, other investors in the venture include DEN Networks promoter Sameer Manchanda, Aarin Capital Partners’ Ranjan Ramdas Pai, Veteran investment banker Hemendra Kothari, Asian Heart Institute’s Ramakanta Panda, TVS Tyres’ R Naresh and Shobhana Ramachandhran, and Renaissance Jewellery owner Niranjan Shah.
Pai has invested Rs 7.5 crore in SARG while Panda has put in Rs 5 crore in the company. Kothari’s investment in the company has been Rs 2.5 crore. Manchanda, along with Sanjeev Manchanda and Tapesh Virendra Singhi, has invested over Rs 2.5 crore in SARG, cumulatively.