Title

× Close
Media Matters

Rajdeep and Sagarika to resign as Reliance takes over Network 18

Network 18 managing director Raghav Bahl is likely to resign tomorrow.

Celebrity TV journalists Rajdeep Sardesai and Sagarika Ghose are likely to resign from CNN-IBN by end of June, as Reliance Industries Ltd is taking over the channel's holding company, Network 18. They are likely to go on leave from June 1 and resign by June 30, Network 18 officials told Scroll.in. In between, they will sell to Reliance Industries their minority shares in the company.

Network 18 managing director Raghav Bahl is likely to resign tomorrow, May 30. He has no immediate investment or entrepreneurial plans in the media, these officials said. This will come after the exit earlier this week of three top executives at Network 18, Sai Kumar, Ajay Chacko and RDS Bawa.

While Sardesai and Ghose have offers from other media houses, officials denied the rumours doing the rounds in the Delhi media for weeks that they were considering an offer from Focus TV. While Ghose is reliably learnt to be considering offers from other media organisations, Sardesai is considering taking a break for a year to write a book. The duo haven't had it easy with the management of the channel recently. In February, Scroll.in had reported that the management had asked Ghose to not be critical of Narendra Modi, who was making an ambitious bid for the post of prime minister.

Reliance Industries Ltd. today said in a press release (.pdf here) that they were putting in Rs. 4,000 crores (around $679 million) in Independent Media Trust for "acquisition of control in Network 18 Media & Investments Ltd... including its subsidiary TV18 Broadcast Limited... " In other words, Reliance Industries is effecting a management takeover of Network 18.

"The acquisition will differentiate Reliance's 4G business by providing a unique amalgamation at the intersect of telecom, web and digital commerce via a suite of premier digital properties," the release said. "This suite includes In.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext.in, Homeshop18.com, Bookmyshow.com; the broadcast channels include Colors, CNN IBN, CNBC TV18, IBN7, CNBC Awaaz."

The announcement has left Network 18 employees in a state of uncertainty, sources say.

The Independent Media Trust will use these funds to buy 78% stake in Network18 and 9% stake in TV18 and to acquire shares tendered in the Open Offers. IMT will make open offers simultaneously to public shareholders to acquire shares of Network18, TV18 and Infomedia Press Limited.
We welcome your comments at letters@scroll.in.
Sponsored Content BULLETIN BY 

Five foods that could be included in your balanced breakfast today

It has become a cliché to say that ‘breakfast is the most important meal of the day’, but like all clichés there is a ring of truth to it.

Starting the day with breakfast is a simple way to make a difference to the overall well-being of an individual. In spite of the several benefits of breakfast consumption, the phenomenon of skipping breakfast is widely prevalent, especially in an urban set-up where mornings are really rushed.

The ‘India Breakfast Habits Study’ has revealed that one in four urban Indians claim to skip breakfast and about 72% skimp by having a nutritionally inadequate breakfast. Isn’t it alarming? Over the years, numerous studies have demonstrated that eating breakfast has several health benefits and can impact future health of an individual. But given today’s fast-paced life, Indians are increasingly undermining the importance of a well-balanced breakfast.

So what makes for a balanced breakfast? A balanced breakfast should consist of foods from at least three essential food groups, e.g one serve of whole grains, one serve of dairy (milk or curd) or lean proteins and one serve of fruit or vegetables. It should provide essential nutrients like protein, fibre, vitamins and minerals besides energy.

Here are some nutrient-rich foods you could incorporate as part of your balanced breakfast:

1. Oats. Oats are cereal grains that are high in protein and are a great source of fibre, especially soluble fibre. Oats contain beta glucan, a soluble fibre which has cholesterol lowering effects and therefore considered heart healthy. It also provides some minerals like iron, magnesium and zinc.

2. Barley. Barley is one of the first cultivated grains in the world, dating back nearly 13,000 years. It has the distinction of having the highest amount of dietary fibre among the cereals. Barley is chewy with a distinct nutty flavor, and is a good source of B-complex vitamins like vitamin B1, B3, B6 and biotin as well as minerals like phosphorus and manganese. Barley is also low in fat, and scientific research has shown that consumption of barley can help in lowering blood cholesterol levels.

3. Wheat. Like barley, wheat too is among the world’s oldest cultivated grains, and a source of vegetable protein. Its easy availability makes it a vital ingredient in many dishes. Whole wheat is a good source of protein and is stocked with vitamin B1, B3 and B6 making it a healthy addition to one’s diet.

4. Dried fruits. Dried fruit is fruit that has had almost all of the water content removed through drying methods. The fruit shrinks during this process, leaving a small, energy-dense dried fruit. Dried fruits are a good source of micronutrients and antioxidants (phenols) in general. Raisins, for example, contain iron and magnesium that are essential for normal functioning of the body.

5. Nuts. Nuts provide healthy fats, protein and fibre. They also provide vitamins and minerals and are a versatile food that can be incorporated in various recipes. Different nuts are rich in different nutrients. Almonds, for example, provide fibre, calcium and vitamin E.

Kellogg’s Muesli with nutritious grains including wheat, barley and oats and delicious inclusions such as almonds and dried fruits (grains and inclusions differ for different variants) along with milk or curd can be a tasty, nourishing breakfast and a great way to start your day. To explore delicious variants, click here.

This article was produced on behalf of Kellogg’s Muesli by the Scroll.in marketing team and not by the Scroll.in editorial staff.

× Close
PrevNext