Arnab to buy back shares of Republic TV from Asianet

image-arnab-goswami-to-buy-back-republic-tv-shares-from-asianet-mediabriefRepublic TV, the English News Channel that was born in the wake of Arnab Goswami’s exit from the Times News Network, was not only firmly ensconced at the Number 1 spot amongst English News channels till February 2019 – where it had remained for 100 weeks on the trot – it is today on track to being a completely editor-controlled company after recent agreements by Arnab Goswami to buy back shares from investors like Asianet News Media, who in turn have made strong returns on their investment from two successful years of operations of Republic TV. So, not only has the loudest, most vociferous and expressive Editor created a genre-leading, successful channel, his editorial policy and strategy and the business operations they directed have helped the valuation of Republic TV close in on Rs 1,200 crore in just two years.

Rajeev Chandrashekhar said, “I am pleased with the growth and success of Republic and Arnab. I am happy to have supported the vision of building a strong media-tech platform. In pure financial terms too, this has been a successful investment. Post Arnab’s buying back of some shares, Asianet News Media will continue to support Republic, however as a minority portfolio investor.”

Arnab Goswami, MD and Editor in Chief of the Republic Media Network, said,  “We have built a strong media brand in partnership with Asianet News Media – and are poised for growth. We have expanded rapidly in the last two years. Partnering with Asianet News Media has been terrific. Their strong track record and competence as savvy media tech investors has helped us tremendously in our exponential growth.Going forward as Republic Media Network, I look forward to diversifying and growing Republic across all platforms.” he added.

Republic TV was launched on 6th May 2017. Republic Bharat, the Hindi news channel, is among the top 3 channels in its genre. Word is that an IPO will happen soon, but the company has not announced any such plans so far.

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