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TV18 and E-18 to merge with Network 18; entity to consolidate TV, digital news businesses
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TV18 Broadcast Limited announced on Wednesday, December 6 TV18 and e-Eighteen.com Limited (E18, which owns and operates Moneycontrol news website and app) will merge with Network18 Media & Investments Ltd. The proposed scheme will consolidate TV and digital news businesses of the Network18 group in one company and will help create India's largest platform-agnostic news media magnate, said Network18 in a statement on Wednesday.
The platform is said to have a wide footprint across languages, encompassing both TV and digital mediums. The merger will likely enable Network18 to consolidate and further grow its business.
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