News 18 had remained inactive without any clear prospects until it was later acquired by the promoters of Television Eighteen India Limited.
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10 Facts About News 18
1.
2.
News 18 broadcasting company Television Eighteen founded by Ritu Kapur and Raghav Bahl, became a public limited company in 1999 and its initial public offering received an overwhelming response.
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3.
News 18 was in the middle of preparations to launch a Hindi business news channel but could no longer meet regulatory guidelines.
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4.
News 18 had entered into a distribution joint venture with the Sun Network called Sun18.
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5.
News 18 rejected the offer and on 27 May 2014, announced in midst of a routine meeting with his board of directors that he was going to resign as RIL wanted to takeover and nothing could be done about it.
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News 18 was appointed as the manager of the company for the interim period since Bahl had resigned as well.
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7.
News 18 was appointed as the CEO of TV18 in 1999, having formerly worked at Times Music and Amitabh Bachchan Corporation.
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8.
News 18 resigned from the company in November 2011 before Network18 entered into a deal with Reliance Industries, publicly stating that he wanted nothing to with the Ambanis.
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9.
News 18 remained associated with the company to oversee the transition, and became the manager in the interim period.
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