TV18 and CNN will successfully conclude their 10-year licensing arrangement in January 2016 for CNN IBN.
The conclusion of the arrangement will enable each company thereafter to chart its own growth trajectory independently.
“The last decade has seen a lot of momentum in the Indian media industry and has been particularly exciting for us. During this time we witnessed two media houses coming together to redefine the way news is presented to a demanding audience. We at TV18 have benefitted from this relationship with CNN,” said A.P. Parigi, Group CEO, Network 18.
“At the launch of the channel, TV18 was a relatively small organization; that has changed now. Network18 has grown from two news channels in 2005 to 17 news channels in 2015. Today, we have the largest footprint in the current affairs, regional and business news space in India. The TV18 line-up of channels today are well established and highly regarded in this dynamic, complex and challenging environment,” he added.
Rani Raad, Chief Commercial Officer, CNN International said the channel was a pioneering initiative that combined the best of CNN’s global expertise with TV18’s journalistic and newsgathering capabilities.
“We have truly valued this long standing partnership. As the number one international news brand in Asia Pacific and the rest of the world, and the winner of multiple prestigious awards, CNN International, continues to lead and serve consumers in India with the best of global news content across multi-platforms,” Raad added.