TV18-Forbes Media plan business magazine

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Mumbai, Dec 13 (UNI) TV18, a group company of Network18, a leading media conglomerate, is all set to launch a business magazine in India in partnership with Forbes India, one of the world's most respected business publishers.

The partnership will include a content licensing arrangement and will also envisage introduction of other Forbes products, subject to regulatory approval, said a press release issued here today.

This partnership further enhances and complements TV18's strong business offerings in the television and internet space. Currently, TV18 operates India's leading business channels CNBC-TV18 and CNBC Awaaz, besides Newswire18 and a host of web properties like moneycontrol.com.

The partnership with Forbes will bring in strengths in the print space and will synergise well with its television and new media properties. It will also complement TV18's recent acquisition of Infomedia, which is India's leading player in the publishing space with several magazines and runs one of India's largest printing operations.

Commenting on this partnership, Network18 Managing Director Raghav Bahl said, ''Our partnership with Forbes for a business magazine in India is another compelling testimony to the growing acceptance of the Indian growth story worldwide. Rapid economic expansion, change in consumer mindsets and deepening of the market economy in the country have led to an enabling environment for business brands.'' We will be strongly positioned to deliver a benchmark offering in the market by fusing the strong editorial and brand lineage of Forbes and our proven expertise in the Indian business media market, Mr Bahi added.

UNI

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