Asianet News: Difference between revisions

Asianet News (edit)

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 == History ==
-The Asianet channel company and Asianet cable company were promoted by Dr. Raji Menon. <ref name=":1">{{cite web|url=http://www.sify.com/finance/rupert-murdoch-s-grand-takeover-in-kerala-news-news-jegwlxfefhj.html|title=Rupert Murdoch's grand takeover in Kerala|access-date=13 February 2014|archive-url=https://web.archive.org/web/20181106163859/http://www.sify.com/finance/rupert-murdoch-s-grand-takeover-in-kerala-news-news-jegwlxfefhj.html|archive-date=6 November 2018|url-status=dead}}</ref> Asianet Communications was the first entertainment television company in Malayalam.<ref name=":11">{{Cite news|url=https://in.reuters.com/article/idINIndia-36543120081117|title=Star buys majority in Asianet; forms JV with Rajeev Chandrasekhar|date=17 November 2008|work=Reuters|access-date=27 July 2019|language=en|archive-url=https://web.archive.org/web/20190727172226/https://in.reuters.com/article/idINIndia-36543120081117|archive-date=27 July 2019|url-status=bot: unknown}}</ref>
+The Asianet channel company and Asianet cable company were promoted by Dr. Raji Menon. <ref name=":1">{{cite web|url=http://www.sify.com/finance/rupert-murdoch-s-grand-takeover-in-kerala-news-news-jegwlxfefhj.html|title=Rupert Murdoch's grand takeover in Kerala|access-date=13 February 2014|archive-url=https://web.archive.org/web/20181106163859/http://www.sify.com/finance/rupert-murdoch-s-grand-takeover-in-kerala-news-news-jegwlxfefhj.html|archive-date=6 November 2018|url-status=dead}}</ref>Asianet’s logo is a derivative of Dr. Menon’s company logo. Dr. Menon’s office in Chennai became the first Asianet’s head office. Dr. Raji Menon bought Uma Studio from the famous Malayalam actor Mr Madhu and this became Asianet’s Puliarkonam Studio in Thiruvananthapuram.
+Asianet Communications was the first entertainment television company in Malayalam.<ref name=":11">{{Cite news|url=https://in.reuters.com/article/idINIndia-36543120081117|title=Star buys majority in Asianet; forms JV with Rajeev Chandrasekhar|date=17 November 2008|work=Reuters|access-date=27 July 2019|language=en|archive-url=https://web.archive.org/web/20190727172226/https://in.reuters.com/article/idINIndia-36543120081117|archive-date=27 July 2019|url-status=bot: unknown}}</ref>
 === Origins ===
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 === Exit of Dr. Raji Menon ===
-In the absence of bank financing 50% shares of the cable networking company was sold to Raheja Group. Dr. Raji Menon increased Mr Sashikumar's share from the initial 5% to 45% in stages (It was Dr. Menon's gift to his nephew). 5% of the equity was with Mr Raghu Nandan (Dr Menon’ elder brother). Dr. Raji Menon bought back the shares earlier given to Mr Sashikumar in 1999 at an agreed price, and took over full control of Asianet.<ref name=":1" />
+Dr. Raji Menon being not full time in India, on his behalf Mr Sashi Kumar (Dr. Menon's nephew) was in charge. Asianet Communications was registered with Dr. C P Chandrasekhar and Mr Sashi kumar as the first directors as Dr Menon as a NRI needed RBI clearance to own a media company.
+Later Dr. Raji Menon increased Mr Sashikumar's share from the initial 5% to 45% in stages (It was Dr. Menon's gift to his nephew). 5% of the equity was with Mr Raghu Nandan (Dr Menon’ elder brother). Dr. Raji Menon bought back the shares earlier given to Mr Sashikumar in 1999 at an agreed price, and took over full control of Asianet.<ref name=":1" />
+In the absence of bank financing 50% shares of the cable networking company was sold to Raheja Group.
 === Rajiv Chandrasekhar era ===