 "Zee Media terminates distribution deal with Taj Television")
Subhash Chandra's news media outfit Zee Media has terminated the distribution deal with Taj Television. The decision was taken at a board meeting held on April 29. The two parties entered a distribution deal in November 2015 which will end on March 31, 2017. The company did not give a reason for the termination.
The board also approved in principle a distribution deal with Zee Entertainment Enterprises Limited (ZEEL) at seven per cent revenue share and asked the company to start proceedings to get shareholder approval on the same.
The board also approved the business plan to launch the global English news channel WION ( World Is One News) in August 2016.
