Good times, bad times

Is the Indian media and entertainment industry in the middle of a major consolidation wave? There are the done deals. In January this year, Mukesh Ambani’s Reliance Industries funded the merger of Eenadu TV with Network18. In May, the AV Birla Group picked up a 27.5 per cent stake in the India Today group. In July, the Sahara Group funded the founders of Digicable to buy back Ashmore’s stake.

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