Indi Media Company Pvt. Ltd. , a venture co-founded by Vinay Chhajlani, the CEO of Hindi daily ‘Nai Dunia’ and former Businessworld editor Jehangir S. Pocha has bought News X channel from Peter Mukerjea owned INX Group.
According to sources , DB Corp. Lmited , which publishes Hindi daily Dainik Bhaskar also tried to strike a deal with INX Group but it did not materialise.
‘Having created NewsX as a premier English News channel brand in such a short span of time, I hope the channel would continue to grow from strength to strength and would retain its credibility as it always has,’ Indrani Mukerjea,CEO, INX Media, said .
News X has been battered by a series of controversies even before it was launched . Channel’s first CEO , Vir Sanghvi, had put in his papers on January 29 last year. The channel was however launched on March 27 , 2008 . After Sanghvi’s exit, his team members also resigned . Later ,channel’s funding sources were also questioned by the senior journalists who quit after Vir Sanghvi.
News X is India’s only HDTV ready news channel . INX Media group was floated by Indrani Mukerjea, wife of ex-STAR Group CEO, Peter Mukerjea. The group also owns 9x and 9XM news channels.