Network18, Jagran in JV to launch Hindi biz daily
MUMBAI: Soon after acquiring ownership control in Infomedia and forging a strategic alliance with Forbes Media for magazine publishing, Network18 has entered into a 50:50 joint venture with Jagran Prakashan to step into the newspaper space.For starters, the JV will launch a Hindi business daily in 2008. Though there are several English business dailies, there is no such offering in the Hindi language. The JV also intends to launch other Indian language dailies focused on financial and economic news. Says Network18 MD Raghav Bahl, "In recent years, business audiences have grown immensely in the Hindi heartland and regional markets, reflecting a democratisation of enterprise and wealth creation across the nation. We are delighted to partner Jagran Prakashan as it will allow us to fulfill this need powerfully in the print space, by combining TV18's strengths in business content with Jagran's intimate understanding of print markets." TV18 has a roster of brands across tel...