On the verge of the two-year ceremony, Republic TV converts into Republic Media Network. This ceremony also signifies a significant event for the organization as its cost according to records requested by the group is assumed to be nearby 1,200 crores in just a span of two years. Asianet News Media’s course experience and capability as a savvy media tech investor have nourished Republic in its significant extension, he said. Goswami stated he would stare at expanding and developing the Republic beyond all policies. The company has already begun its Hindi Channel — Republic Bharat. The organization based in Mumbai has not stated any proposals for an IPO so far.
According to the media stories, the Republic Media Network is now on route to being a fully Editor controlled organization after fresh negotiations by Arnab Goswami to purchase back shares from investors like Asianet News Media, who in aid have made powerful accounts on their purchase. Thank you, viewers, for your continuous support,” Republic TV stated in a tweet.
Talking on this growth, Rajeev Chandrashekhar(Founder and Chairman of Jupiter Capital Pvt Ltd) stated, “I am gratified with the fullness and prosperity of Republic and Arnab. I am pleased to have maintained the idea of creating a firm media-tech program. In genuinely economic courses too, this has been a prosperous venture. Post Arnab’s gaining back of some shares, Asianet News Media will remain to support Republic, but as a minority portfolio investor.”
Arnab Goswami, MD, and Editor in Chief of the Republic Media Network stated, “We have developed a powerful media brand in connection with Asianet News Media – and are poised for an extension. We have grown quickly in the last two ages. Partnering with Asianet News Media has been tremendous. Their mighty route experience and subsistence as savvy media tech investors have helped us amazingly in our spontaneous growth. Going ahead as Republic Media Network, I look ahead to expanding and developing Republic across all platforms.”
In the last two years, Republic TV has succeeded to produce a leading English news label and started their Hindi news channel, Republic Bharat, lately. The group has not stated any future proposals for an IPO so far.