Aditya Birla Group is planning to acquire 26% stake in Living Media India Limited, which owns the India Today group of publications.

Living Media owns 57.1% in TV Today Network, the listed company that owns the group’s broadcasting assets.

New Delhi based Living Media has interests in magazines, newspapers, books, radio, television, printing and the Internet. It brands include India Today, Business Today and clutch of licensed magazines such as Cosmopolitan, Good Housekeeping, Men’s Health, Harper’s Bazaar, Travel Plus and Harvard Business Review, among others.

Living Media also has JV with German media house, Axel Springer AG, for an auto magazine and an online shopping portal - Bag it today.

TV Today Network Limited is involved in the news broadcasting and telecasting activities in India. It operates 24-hour news channels, including Aaj Tak, Headlines Today, Tez, and Dilli Aaj Tak, as well as a radio channel under the brand - Oye FM.

In 2003, Kumar Mangalam Birla had launched a movie and television software production company called Applause Entertainment, best known for producing Hindi movies Black and Dev. However, the company was closed in 2009.

Recently in January, Reliance Industries Ltd invested R1500Cr in the promoter group of Network18 Group to fund the rights issues of its two listed entities, Network18 Media and Investments and TV18 Broadcast Ltd through it's subsidiary - Independent Media Trust.

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KVEZAR VIEW

  DEAL TRACKER FOR

Date	Transaction	Type	Buyer	Size ($mn)
2012-10-31	Living Media - Aditya Birla group	M&A	Aditya Birla Group	-
2012-04-10	Living Media - Aditya Birla	M&A	Aditya Birla Group	136.85
2010-11-11	BagItToday.com - Axel Springer	M&A	Axel Springer AG	-

 

  Recent Transactions In The Sector

Date	Type	Buyer	Target	Size ($mn)	State
13/05/2013	M&A	MPS Limited	Element LLC	1.83	Completed
28/03/2013	M&A	Zee Entertainment Enterprises Limited	MirriAd	-	Completed
07/03/2013	M&A	Interpublic Group	Interactive Avenues Private Limited	-	Completed
06/03/2013	M&A	Four Cross Media	TO THE NEW	13.72	Completed

 

  Profiles

Company
Name	Promoters	Office	Competitor	Website
Living Media India Limited	Aroon Purie Ashish Bagga	9K-Block, Connaught Circus		http://www.indiatodaygroup.com

  Advisor

Yes Bank Limited (I-Bank)

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