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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 11.07+1.7%12:59 PM EST
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To: Mohan Marette who wrote (1169)3/15/2000 1:19:00 AM
From: Mohan Marette  Read Replies (1) of 1471
 
**OT** Sony picks up 20% stake in CNBC (India)

15-03-2000 09:26:10

Sony Entertainment Television (SET) will pick up a 20% stake in the CNBC (India), a channel jointly promoted by CNBC (Asia) and TV-18. In the analyst meet conducted recently Mr Raghav Bahl said that he did not rule out the possibility of SET acquiring a stake in the channel Currently the distribution aspect of the channel is being handled by SET for which the latter is paid commission on an accelerated basis. The commission is paid on both advertisement sales and subscription revenues. The channel is increasing its distribution network by installing additional decoders. Mr Raghav Bahl told analysts that CNBC (India) plans to increase the number of decoders to 3000 from the present 300 decoders within the next three months. This will help the channel penetrate into other major cities of the country. Advertisement rates on the channel have more than doubled since the channel increased its India feed. Currently the channel provides India related business news and information for around 8 hours/day. This is expected to go up to 12 hours/day in the next quarter.

Source: Economic Times/Indiainfoline
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