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Times Group may go for an IPO 'in the long run'

Bennett, Coleman and Company (BCCL), the media conglomerate that owns The Times of India newspaper, along with several other entities across the print and electronic media, may go public to increase its television and internet business, a group promoter told The New Yorker. “In the long run, we might go public and use the funds to acquire TV stations,” said BCCL Managing Director Vineet Jain. “We don’t need the money to grow publishing, but we need it to grow television and internet,” Jain was quoted as saying. Responding to an email seeking comments, Satyan ...