Source:IIFL: Capital Market :9:48am :may 30.2011
Two new channels to be launched under the brand name Murasu
| Following the arrest of Kalaignar TV promoter-Kanimozhi, managing director-Sharad Kumar and fearing that the Enforcement Directorate (ED) may cancel the license of the channel, the management of Kalaignar TV has obtained a license to launch a new channel. The new channel will be launched once the ministry of information and broadcasting cancels the license of Kalaignar TV and it goes off air. The ministry has granted the management to start the new channel under the brand name Murasu. According to sources, to start off with the management will launch one news channel and one entertainment under the name Murasu. Kalaignar TV is owned by the Dravida Munnetra Kazhagam (DMK) chief-Karunanidhi's family. The ED, which is probing the 2G-spectrum scam now may likely cancel the license of Kalaignar TV since its promoter and daughter of DMK chief M. Karunanidhi, Kanimozhi and its MD-Sharad Kumar, who each have 20% stake in Kalaignar TV, were by named CBI as co-conspirators in the 2G spectrum scam after it traced an illegal money transfer of Rs. 200 crore between the real estate firm-DB Realty and Kalaignar TV. Following which, the CBI arrested them on 20 May 2011. |
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