Indian Media World Shaken By Hostile Takeover Bid For NDTVIndian billionaire Guatam Adani looks set to acquire India’s premiere independent news broadcaster New Delhi Television (NDTV) after his Adani Group exercised a right to buy a 29.18% stake under a loan agreement taken out by its founders more than a decade ago.

The Adani Group has indicated that it plans to make an offer for a further 26% stake to give it a controlling 55% share in the company.NDTV was founded by the husband and wife team, economist Prannoy Roy and journalist Radhika Roy, in 1984.

The company has put out a statement saying that Adani’s move to execute the right to buy clause had been undertaken without first consulting the co-founders, who hold a 32.26% stake.NDTV is regarded as one of the last homes of independent journalism in India and there are fears that a takeover by the Andani Group, which holds interests in coal trading, ports, power and edible oils, could have implications for its editorial content in the future.Venice Announces Ukrainian Day On September 8 In Act Of SolidarityAs Ukraine marked independence day on Wednesday and the six-month anniversary of the start of the Russian invasion, the Venice Film Festival announced it will hold a Ukrainian Day on September 8 in an act of solidarity for the country and its artists.

The event will kick off with a panel featuring Venice artistic director Alberto Barbera, Ukrainian Ambassador to Italy, Yaroslav Melnyk; National Cinema Institution head Marina Kuderchuk and filmmaker Antonio Lukich, whose work Luxembourg Luxembourg screens in the Horizons section, among others.

Indian Media World Shaken By Hostile Takeover Bid For NDTV; Venice Announces Ukrainian Day On September 8; Busan Sets New Currents, Kim Jiseok Award Juries – Global Briefs

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