On the eve of its two year anniversary, Republic Tv turned into Republic Media Network. All credit goes to the most flamboyant journalist of India, Arnab Goswami. His journey from a journalist on Times Now to being the shrewdest media baron is a story worth narrating. According to media reports, Republic Tv has bought back its share from Asianet News Media and Entertainment which held the largest stake in Republic Tv. It is promoted by Rajeev Chandrashekhar who is Member of Parliament (upper house) from BJP and represents the state of Karnataka.
According to media reports, the Republic Media Network is now 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. In two years Republic TV has managed to create a leading English news brand and launched their Hindi news channel, Republic Bharat, recently which is among the top three news channel in the Hindi language.
Arnab Goswami launched Republic TV after quitting Times Now, with the help of Asianet Network which then took the largest stake in the Republic TV franchise. After the buyback, Asianet will now be a small investor in the Republic network. With Republic TV as his first media venture Arnab Goswami has now established it as a full-fledged media house.
Rajeev Chandrashekhar said, “I am pleased with the growth and success of Republic and Arnab. I am happy to have invested in the vision of building a strong media-tech platform and brand. Republic becomes another successful brand amongst many that I have helped build. This has also been a successful investment in financial terms” In his good wishes to the Repulic group, Sanjay Prabhu, Director, Asianet News Media mentioned that it was a fabulous journey with Republic.
Delighted with the achievement of Republic, Managing director, Arnab Goswami 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.”
Arnab Goswami is a well known name in the media industry. His style of journalism has received its share of criticism but also great appreciation and as it is said, you aren’t a good journalist if you don’t receive criticism. Goswami started with print media and advanced his carrier into news broadcasting in 1995. Arnab can be credited for the debating culture that marked the news broadcasting industry. He is an example to all the youth who wish to excel in the field of journalism through conviction and perseverance.
