Reliance Industries to merge media, distribution businesses into Network18

Reliance Industries on Monday announced consolidation of its all media and distribution businesses under one umbrella brand 'Network18'.

Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments, which will be an integrated media and distribution company with a revenue of Rs 8,000 crore. The restructuring will create value-chain integration, and render substantial economies of scale. It also simplifies the corporate structure of the group by reducing the number of listed entities, said a statement by TV18 Broadcast Ltd.

"Reliance Industries announced a consolidation of its media and distribution businesses spread