Reliance Industries Ltd said on Monday it would merge its media and distribution businesses into its TV business, Network18 Media & Investments Ltd. Under the plan, the Indian conglomerate's TV18 Broadcast Ltd, Hathway Cable and Datacom Ltd and Den Networks Ltd businesses will consolidate into Network18, the company said.

Reliance Industries Ltd said on Monday it would merge its media and distribution businesses into its TV business, Network18 Media & Investments Ltd. Under the plan, the Indian conglomerate's TV18 Broadcast Ltd, Hathway Cable and Datacom Ltd and Den Networks Ltd businesses will consolidate into Network18, the company said. Watch: Gravitas: Reliance Vs Government Of India: The Story So Far The company's news broadcasting business of TV18 will be housed in Network18 and the cable and broadband businesses of Den and Hathway will be two separate wholly-owned subsidiaries of Network18, Reliance said. Billionaire Mukesh Ambani controls Network18 through various subsidiaries of his oil-to-telecoms conglomerate Reliance Industries. Also Read: Mukesh Ambani's Reliance posts record profit on consumer strength Network18's portfolio includes VH1, Nickelodeon, MTV, CNBC TV18 and a range of other local language channels, as well as news portals such as Firstpost and Moneycontrol and news channels CNN-News18 and CNBC TV18.

Media and distribution businesses to merge into TV unit: Reliance

Japan's <a href="https://www.wionews.com/entertainment/box-office-ford-v-ferrari-races-to-first-place-charlies-angels-collapses-262840">Sony</a> Corp is in talks to acquire a stake in Indian billionaire Mukesh Ambani's TV business, Network18 Media &amp; Investments Ltd, Bloomberg reported on Thursday.

Ambani's Reliance Industries Ltd, through various subsidiaries, owns a controlling stake in Network18, which has a market capitalization of about 30 billion rupees($417.66 million).

Network18 shares rose 18 per cent, while shares of TV18 Broadcast Ltd, the broadcast arm of the Network 18 group, were up 4 per cent.

Sony is doing due diligence and considering several potential deal options, Bloomberg reported, citing people familiar with the matter.

A Reliance Industries spokesman declined to comment, saying that the company "evaluates various opportunities on an ongoing basis." Sony did not immediately respond to Reuters request for comment.

A potential stake deal with Sony would come at a time when India's lucrative but crowded TV market is expected to grow more than 50 per cent in the next three years, according to Statista.

Cable television started going mainstream in India through the 1990s, riding on the country's massive middle-class population.

Network18's channel portfolio includes <a href="https://www.wionews.com/entertainment/lilly-singh-creates-tv-history-as-the-first-asian-queer-woman-to-host-a-late-night-show-250355">VH1</a>,<a href="https://www.wionews.com/entertainment/beyond-baby-shark-creator-of-viral-hit-eyes-china-with-dinosaurs-262289"> Nickelodeon</a>,<a href="https://www.wionews.com/entertainment/late-prodigy-singer-keith-flints-belongings-sell-for-nearly-450000-260929"> MTV</a>, <a href="https://www.wionews.com/business-economy/airtel-vodafone-idea-shares-jump-after-on-hopes-of-govt-help-262309">CNBC TV18</a>, and a range of other local language channels, along with news portals like Firstpost and Moneycontrol.

The media company also has a broad suite of news channels including CNN-News18, CNBC TV18, and other regional language news channels that together held over a 10 per cent&nbsp;per cent&nbsp;share in TV news viewership in India in fiscal 2018-19, according to its annual report.

Japan's Sony Corp is in talks to acquire a stake in Indian billionaire Mukesh Ambani's TV business, Network18 Media & Investments Ltd, Bloomberg reported on Thursday.

Japan's Sony Corp is in talks to acquire a stake in Indian billionaire Mukesh Ambani's TV business, Network18 Media & Investments Ltd, Bloomberg reported on Thursday. Ambani's Reliance Industries Ltd, through various subsidiaries, owns a controlling stake in Network18, which has a market capitalization of about 30 billion rupees($417.66 million). Network18 shares rose 18 per cent, while shares of TV18 Broadcast Ltd, the broadcast arm of the Network 18 group, were up 4 per cent. Sony is doing due diligence and considering several potential deal options, Bloomberg reported, citing people familiar with the matter. A Reliance Industries spokesman declined to comment, saying that the company "evaluates various opportunities on an ongoing basis." Sony did not immediately respond to Reuters request for comment. A potential stake deal with Sony would come at a time when India's lucrative but crowded TV market is expected to grow more than 50 per cent in the next three years, according to Statista. Cable television started going mainstream in India through the 1990s, riding on the country's massive middle-class population. Network18's channel portfolio includes VH1, Nickelodeon, MTV, CNBC TV18, and a range of other local language channels, along with news portals like Firstpost and Moneycontrol. The media company also has a broad suite of news channels including CNN-News18, CNBC TV18, and other regional language news channels that together held over a 10 per cent per cent share in TV news viewership in India in fiscal 2018-19, according to its annual report.

Japan's Sony in talks to buy stake in India's Network18 Media

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