The Rahejas later wanted a stake in the channel operations too. It was initially reported in the media that the a news channel will be launched by December 2002. The network now has the ability to leverage the new Tamil news entity to enhance the content stream in www. As business prospered, the Rahejas wanted a stake in the channel operations too. As per Jupiter Capital, the channel is the market leader in Malayalam television news sector. The channels were still owned by Sashi Kumar 50% shares and Reji Menon 50% shares. While Sashi Kumar, who held half the shares, resisted their overtures, Reji Menon, who held the remaining half, struck a deal with them.
. In 2016 Jupiter Capital was accused by the media of interfering with editorial freedom. The latest updates from the Gulf Cooperation Council countries especially catering to the expat Keralites. Midway through the launching and wind up process, there was a rethink and the concept of a news channel was revived. When the companies faced a financial crunch, the real estate firm of Rahejas helped, and it was given 50% stake in the cable operations. The party soon started promoting a company to set up an alternative Malayalam channel. The network now has the ability to leverage the new Tamil news entity to further enhance the content stream in www.
This was apparently because the severance agreement with the cable company prohibits the channel's takeover by a company with interest in cable operations. M G Radhakrishnan, Editor-in-Chief of Asianet News, told the media he was not aware of the email and that he had never faced pressure of any kind from the management. In late 2006 Menon - after months long speculations - partially pulled out of Asianet turning over control to Chandrasekhar. Chandrasekhar was a Bangalore-based businessman of Kerala origin. At the time, Asianet was the leader amongst the Malayalam channels accounting for 35% of Kerala's total advertisement market. The channel is based in Kerala. Being away from India albeit for a short period can leave you longing from home.
We are excited about this next era of our growth. Kumar's exit from Asianet created a sense of loss in the Marxist leadership. Being in a foreign country without your Asianet Malayalam news channel and fellow countrymen to talk about issues or just indulge in activities or small talk that they can relate to can leave you feeling homesick. This more often than not, makes you lose touch with Malayalam New Channel and current affairs. It was with this intention that Asianet Global - their second channel - was launched in June, 2001. Afterwards an attempt by to acquire Asianet from Menon fell through.
The channel was targeting the huge expatriate population in the and Europe. Archived from on 24 September 2016. According to a recent industry report, Tamil has the highest Internet adoption among vernacular languages and the Tamil audience is also the most engaged on content with over one-third of them accessing news content online and most of them on mobile devices. This move was to allow separate investments in each company. The accusation was triggered by a leaked email sent from Jupiter Capital Chief Operating Officer Amit Gupta to editorial heads of Asianet News, Suvarna News, and Kannada Prabha. Kumar was a former head of Press Trust of India's television division and his relative Menon was a Moscow-based businessman. However, as it turned out, there were very few news-based programmes in the channel and most of it later gave way to film-based entertainment programmes.
While Kumar resisted overtures from the Rahejas, Menon negotiated a deal with them, and under the deal, the Rahejas got full control over the cable company. . . . .
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