20 Sep 2017
Live Post
Post merger of HITS-Cable TV biz, IMCL’s FY17 net loss swells to Rs 206 crore
RIL Surges 4% After Telecom Regulator Slashes Interconnect Charges
Mumbai Rains: 34 domestic flights cancelled till 12 pm today, main runway remains shut
Tata Sons buys big chunk of shares in group firms
Swine flu: 42 positive case in Mohali
HIV blood transfusion probe: High-level team gives clean chit to Regional Cancer Centre
Flipkart, Amazon in Rs100 crore ad blitz
Politicians may have helped Iqbal Kaskar net 100 crore in 3 years
Mobile bills to go down as Trai cuts call termination charges to 6 p/min

Plan is to launch business news channel in 3 months, says Raghav Bahl

MUMBAI: Media entrepreneur Raghav Bahl is looking to launch his English business news channel Bloomberg Quint in three months as the channel is close to getting a licence from the Ministry of Information & Broadcasting (MIB).

“We plan to launch the channel in three months. We are close to getting the licence from the MIB. It is the last leg of approval that we are awaiting,” Bahl, who owns 74% stake in the venture, told TelevisionPost.com.

Raghav Bahl 4Bahl also said that the channel’s studio is getting built bottom-up, which is why it will take at least three months to launch the channel. He added that the hiring for the channel has almost concluded.

However, Bahl did not rule out some more big names from business journalism joining his venture just ahead of the launch.

In November, Bloomberg Quint, which is 26%-owned by Bloomberg, had crossed the first major hurdle after the Foreign Investment Promotion Board (FIPB) granted approval to Quintillion Business Media to issue equity shares to Bloomberg. The FDI proposal was worth Rs 13.4 crore.

The company’s FDI proposal was earlier deferred several times by the government. The company was awaiting licence from the MIB.

As reported earlier, Bahl’s Quintillion Media and Bloomberg have teamed up to launch an English business news channel Bloomberg Quint. The digital version of Bloomberg Quint has already gone live in beta version with videos and articles.

Newsgathering has also gathered steam with Bloomberg Quint deploying a team of reporters on the ground to cover important news events. Currently, the news brand is publishing its news videos on its YouTube channels besides Twitter and Facebook pages.

Bloomberg Quint is a 74:26 joint venture partnership between Quintillion and Bloomberg. Bahl has roped in former CNBC TV18 CEO Anil Uniyal as the CEO while Menaka Doshi has joined as the managing editor.

Also Read: