Star Group ended its Joint Venture with Indian Television

Apr 17, 2012, 16:42 IST

Corporate Current Affairs 2012. Rupert Murdoch led Star Group on 16 april 2012 decided to put an end over its joint venture with its Indian television news channel partner

Rupert Murdoch led Star Group on 16 april 2012 decided to put an end over its joint venture with its Indian television news channel partner. The company cited the split on regulatory headaches as the reason behind the decision.

Star's logo will stop to be broadcast on the three news channels run under the joint venture within four months.

The company held 26 percent stake in the joint venture with local partner the Ananda Bazaar Patrika Group. The JV came into being in 2003. In Media Content & Communications Services the maximum permissible level of investment under Indian regulations is 26 per cent.

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