NDTV announces new model for expansion

NDTV Ltd. today announced a new corporate model for expanding the existing business and diversifying into media genres.

The model enables NDTV to raise funds for its future businesses beyond news. The new company, NDTV Ventures will incubate and operate focused verticals in this space. The corporate model will permit investments by strategic and financial partners in individual verticals, as well as in NDTV Ventures. This expansion will help enhance NDTV shareholder value.

NDTV has over the years nurtured a large pool of creative and technical talent, many of whom will now provide the human resource base for the new verticals. The transfer of these human resources and other assets will allow for the quick rollout in areas like the internet, technology, entertainment and lifestyle.

Dr. Prannoy Roy, Chairman of NDTV said, "The new model is based on an entrepreneurial management structure aimed at attracting and rewarding the best global talent in the business, including the large talent bank within NDTV. The model will help streamline existing operations and make them more cost efficient"

This corporate organisation will also facilitate strategic growth in NDTV's existing News operations and expansion within India and internationally.

The company said it will reveal further details about its growth initiatives in the weeks ahead.

About NDTV

NDTV Ltd, founded in 1988, is India's first and largest private producer of news, current affairs and entertainment television. It is home to the country's best and brightest reporters, anchors and producers; 23 offices and studios across the country host India's most modern and sophisticated production and news-gathering facilities.

As an organization, NDTV is totally committed to one cause: to use its extensive expertise, experience, technology and reach to create unparalleled coverage of the latest in domestic and international news and entertainment for viewers at home and around the world. In 2003, NDTV simultaneously launched two 24-hour news channels, NDTV 24x7 in English, and NDTV India in Hindi, which targets the Indian diaspora across the world. Last year NDTV launched NDTV Profit - a 24-hour business plus channel. For more info: www.ndtv.com