Report: NBC U Takes Big Stake In India's NDTV
Paid Content reports NBC U is taking a 30% stake in NDTV, India's biggest TV production house, for a "nine-figure" sum. Deal would be Jeff Zucker's second big investment in international TV since he became CEO; NBC U acquired Sparrowhawk Holdings for $350 million in August, a deal that included the international Hallmark channels. Zucker has targeted cable and international as growth areas for NBC U. Cable networks account for 50% of NBC U's profits, and NBC U has less international exposure than Viacom or News Corp.
Rafat Ali writes that the long-rumored deal is "confirmed" and "should be finalized any time."
Rafat Ali writes that the long-rumored deal is "confirmed" and "should be finalized any time."
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1 Comment
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alagu
said:
Aug. 25, 1:59 AM
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