Murdoch's Star pulls brand from India TV news JV | world | Hindustan Times
Today in New Delhi, India
Dec 04, 2016-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Murdoch's Star pulls brand from India TV news JV

world Updated: Apr 17, 2012 09:54 IST

Reuters
Highlight Story

Star Group, a unit of Rupert Murdoch's News Corp, has ended its brand association with its television news channel joint venture partner, the company said, blaming the split on regulatory headaches.

"Given the current regulatory environment and structural issues ailing the cable and satellite television market and the news genre in particular, Star took this extremely difficult decision to withdraw its brand from the genre," Star India said in a statement.

Star's branding will cease to be broadcast on the three news channels run by the joint venture within four months.

The company's 26% stake in Media Content & Communications Services India is the maximum permissible under regulations. The joint venture was formed in 2003 with local partner the Ananda Bazaar Patrika Group.