Media – Page 189 – storyboard18

Zee-Sony Merger: Sony agrees to discuss merger deadline extension

After the deal was terminated in January, Zee apparently has reached out to the Sony executives to reconsider the termination and has also offered for talks this month.

Zee’s deal with Sony aims at forming a $10 billion media conglomerate.

ShareChat Layoffs: Social media company cut about 800 employees in 2023

Following these departures in January, the company’s headcount will stand at about 500—significantly lower than its peak of nearly 2,800 employees just a few years ago.

ShareChat’s latest round of lay-offs include about 200 employees, amounting to 15 percent of its current workforce.

Centre’s print media ad expenditure hits Rs 967.46 crore from 2019 to 2024

Cars was the top category with 7% share of ad space in Jan-Mar’24. (Representative image by Bank Phrom via Unsplash)

MIB minister Anurag Thakur, Information and Broadcasting Minister said as of March 31, 2019, 1,19,995 periodicals which include newspapers, were registered with the Registrar of Newspapers for India (RNI).

Zee-Sony merger: Deadline extension in limbo as talks continue

The statement clearly said that though SPNI has been engaged in discussions in good faith to extend the End Date but the Discussion Period has expired without an agreement upon an extension of the End Date.(Image source: Moneycontrol)

On December 17, immediately after their AGM on December 16, Zee Entertainment Enterprises Ltd. formally requested an extension to the merger deadline in a stock exchange filing.

Zee-Sony merger at crossroads: Leadership issues and deadline-extension request cast doubt

The companies will also withdraw the respective Composite Schemes of Arrangement from the NCLT and inform the relevant regulatory authorities.

ZEE seeking deadline extension for merger amid leadership ambiguity has added another layer of complexity to the deal with Sony aimed at forming a $10 billion media conglomerate.

ZEEL names three new independent directors

In August 2023, SEBI passed an interim order against promoters Subhash Chandra and his son Punit Goenka, barring them from holding any directorships in listed companies, over allegations of funds siphoning. (Image source: Moneycontrol Hindi)

The three new independent directors are Venkata Ramana Murthy Pinisetti, Shishir Babubhai Desai, and Uttam Prakash Agarwal, effective from December 17, 2023.

Zee-Sony Merger: ZEEL seeks extension to the merger deadline

GST authorities crack down on Zee Entertainment

Zee Entertainment wrote to Sony Group Corp requesting an extension of the merger’s timeline.

IPL 2023 viewership hit 449 million overall on Viacom18, says CEO Anil Jayaraj

Anil Jayaraj also touched upon the growing prominence of consuming various sports other than cricket and he hopes that the upcoming Paris Olympics will change that narrative. (Image source: Moneycontrol)

Jayaraj pointed out that Indian sports viewing habits are almost entirely live as 99% of the viewership is online and just 1% happens to be around, highlights, non-live content, and documentaries. However, he was bullish about the growing market of sports documentaries and docu-series in India and predicted that it will become quite big over the next four or five years.

National Company Law Appellate Tribunal denies stay on Zee-Sony merger

The companies will also withdraw the respective Composite Schemes of Arrangement from the NCLT and inform the relevant regulatory authorities.

On August 10 NCLAT had approved the $10 billion merger.

Anticipation builds for ZEEL AGM on December 16 as merger deadline looms

GST authorities crack down on Zee Entertainment

Speculation has been rife among stakeholders about a potential shake-up in the leadership arrangement for the Zee-Sony merger.