Tuesday, April 20, 2021
Home News Reports Facing financial losses and credibility crisis, NDTV to put its assets on sale

Facing financial losses and credibility crisis, NDTV to put its assets on sale

New Delhi Television (NDTV) Limited, which is facing three-fold challenges – revenue loss, fraud and credibility crisis – is considering potential sale of certain strategic assets by one or more its subsidiaries.

In a regulatory filing before the Bombay Stock Exchange, the private broadcaster stated, “…the trading window for dealing in the securities of the Company will remain closed from 17 April 2017 till the conclusion of 48 hours from the date of Board meeting of the Company that is being convened to consider, inter alia, potential sale of certain strategic assets by certain material subsidiary (ies) of the Company.”

During the quarter ending 31 December, NDTV had reported a consolidated revenue loss of Rs 18 crore following a dip in advertising revenue.

ND TV, primarily a left-leaning television news channel, often faces a lot of flak in social media for taking partisan stand against the Modi government and the BJP, using half truths and manipulation of facts. Incidentally, after the Congress lost power in 2014 general elections, the broadcaster is facing financial crisis.

At the same time the credibility of the channel is on a further downside with its anchors peddling fake news, channel being silent on crimes by relatives of NDTV journalists, and the channel giving platform to people who are abusive and violent.

NDTV also came under severe criticism for its coverage on the terror attack at Pathankot airbase. In November last year, the government had ordered a one day ban on NDTV India, after an inter-ministerial panel constituted by the Information & Broadcasting Ministry recommended this action. The ban was ultimately not executed, even as the channel refused to apologise for Pathankot coverage.

Amid all this, the Enforcement Directorate, in November last year, had slapped a show cause notice to NDTV for flouting foreign exchange regulations while bringing foreign investments to the tune of Rs 2,030 crore between 2007-10.

Accusing NDTV of money laundering, BJP leader and Rajya Sabha MP Dr Subramanian Swamy had written a letter to Prime Minister Narendra Modi requesting him to direct the Central Board of Investigation (CBI) to file case against the private broadcaster under Prevention of Corruption Act.

Alleging that NDTV was a party to Aircel-Maxis scam, during the Congress rule, Swamy said it had received illegal money from Maxis subsidiary Astro. Swamy further said that the money, received by NDTV from Maxis, was “illegally approved” by then Finance Minister P Chidambaram to “benefit his son” Karthi Chidambaram.

Recently, a book named ‘NDTV Frauds’, written by Sree Iyer was launched in the national capital by Swamy and activist-writer Madhu Kishwar. The book talks in detail about alleged illegalities committed by the media group.

The latest decision to sale some of its ‘strategic assets’ while the media group is facing challenges on multiple fronts doesn’t augur well for NDTV’s future.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

AAP supported farmer protests hampering war against Covid-19, oxygen supplier writes to GOI saying tankers delayed due to roadblocks by protestors

Inox Air Products said that they are facing delays in Delhi while transporting oxygen due to road blockades by the farmer protestors

After getting vaccinated himself, Rakesh Tikait says the Modi government will be responsible if farmers get COVID-19

Rakesh Tikait had recently said that 'farmers' protests is not Shaheen Bagh than can be stopped in the name of coronavirus

How China’s ‘Re-education through labour’ policy put minorities in labour camps even before the Uyghur crisis: About the Masanjia camps

The letter went into detail about the conditions at China's Masanjia Labor Camp, including the gruelling hours, verbal abuse and physical abuse

From sitting on upturned dustbins to photo ops at crematorium grounds, Barkha Dutt gets questioned for her ‘vulture journalism’

While the situation on ground is indeed grim, people on social media have been calling out the dramatics by journalists who could have perhaps focused on the news instead of their brand building.

Maharashtra FDA minister embarrasses his own govt and alliance leaders, says his ministry had approved Remdesivir procurement by BJP

Maharashtra FDA Minister and NCP leader Dr. Rajendra Shingne confirms that he was aware about BJP procuring Remdesivir for state govt

Journalism: The new performance art

With the COVID-19 pandemic, journalists have screamed "Beware of the Ides of March" to anyone who would listen - Barkha Dutt for example.

Recently Popular

Understanding the hate factory: How Rohan Joshi and his hateful post against Hindus gives us an insight into the ‘liberal’ mind

Comedian Rohan Joshi tells Bhakts, "I have nothing but contempt for them and nit a shred of empathy" as he mocks Coronavirus deaths

Maharashtra Remdesivir ruckus: Saket Gokhale brazens his lies by filing complaint against Fadnavis, BJP returns favour. Details

A complaint has been filed against Saket Gokhale by a BJP member in which the complainant has accused the Congress supporter of lying and waging a war against the state in the midst of a pandemic

Filmmaker Hansal Mehta challenges for free flight tickets to Pakistan but goes into hiding after Twitter user provides it. Read what happened

Hansal Mehta's flight to Pakistan via Dubai is scheduled for 20th April, 2021. We shall keep you posted if Mehta goes to Pakistan or will he register his name in long list of paper tigers.

Delhi couple abuses cops over masks in viral video, husband blames wife after arrest

Police have booked and arrested a Delhi couple after the duo misbehaved with the personnel over masks. The video went viral.

250 ventilators sent by central govt lied unutilized in the state of Punjab amid the second wave of coronavirus

250 ventilators sent by the central government to Punjab for use in government hospitals were lying unused till late March.

When ‘comedians’ double up as doctors and believe ‘Bhakts’ deserve the misery as Chinese coronavirus rages

You will never see them questioning how many mosques have opened up their gates as medical facilities. Because, everyone likes to keep their heads.
- Advertisement -

 

Connect with us

254,077FansLike
530,786FollowersFollow
24,200SubscribersSubscribe