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Scripps Network Interactive ventures into India

Scripps Networks Interactive Inc. has partnered with Indian broadcaster NDTV Group in a strategic alliance where Scripps Networks Interactive acquires 69% of NDTV Group's lifestyle programming subsidiary, NDTV Lifestyle, and NDTV Group will keep a 31% stake. NDTV Lifestyle is anchored by the award-winning channel NDTV Good Times, India's top-ranked English-language lifestyle television channel. The $55 million agreement is expected to be completed by the end of the first quarter 2010. NDTV Lifestyle's CEO Smeeta Chakrabarti will continue on as CEO. Scripps and NDTV Group are considering the launch of other lifestyle television channels through the NDTV Lifestyle partnership.
November 19, 2009

Scripps Networks Interactive Inc. has partnered with Indian broadcaster NDTV Group in a strategic alliance where Scripps Networks Interactive acquires 69% of NDTV Group’s lifestyle programming subsidiary, NDTV Lifestyle, and NDTV Group will keep a 31% stake. NDTV Lifestyle is anchored by the award-winning channel NDTV Good Times, India’s top-ranked English-language lifestyle television channel. The $55 million agreement is expected to be completed by the end of the first quarter 2010. NDTV Lifestyle’s CEO Smeeta Chakrabarti will continue on as CEO. Scripps and NDTV Group are considering the launch of other lifestyle television channels through the NDTV Lifestyle partnership.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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