Mukesh Ambani interested to controlled power of media, because of it is a part of an overarching strategy to achieving leadership in the telecommunications.
Reliance industry took a decision to acquire control in Network 18 media and investment Ltd and its subsidiary, TV 18 Broadcast Ltd. This was done by the RIL to invest a sum of ₹40,000,000,000 in independent media trust.
With the money power, Reliance, India's second largest company was taking control of media.
Anil Ambani's Reliance Broadcast operates radio stations under the brand name 92.7 Big FM and television channels. Reliance media works operates a chain of multiplexes under the brand name Big Cinemas and is into television and film production.
Corporation of media would now sound death knell to all independent media houses in the India.
Reliance industry took a decision to acquire control in Network 18 media and investment Ltd and its subsidiary, TV 18 Broadcast Ltd. This was done by the RIL to invest a sum of ₹40,000,000,000 in independent media trust.
With the money power, Reliance, India's second largest company was taking control of media.
Anil Ambani's Reliance Broadcast operates radio stations under the brand name 92.7 Big FM and television channels. Reliance media works operates a chain of multiplexes under the brand name Big Cinemas and is into television and film production.
Corporation of media would now sound death knell to all independent media houses in the India.
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