Network 18 is one of the small players among the media conglomerates and entertainment networks. It has almost 17 internet companies and many news channels under it's head. One of the things that haresh chawla,CEO of group couldn't do during his tenure was to actually consolidate the company and bring out sustainable and pioneering brand out of it. Out of the total 17, some of the internet businesses are just guzzling down cash and very few of them are actually generating some revenue for the company such as bookmyshow.com, burrp.com, ibnlive.com and few more.
Network 18's most of the growth is majorly acqiuscition led. Haresh Chawla claims that the company has been really good with these aqquisitions in terms of keeping intact the managment and structure of the original company.
The real pain point seems to me is that the company is actually trying to do too much and is just being jack of all trades and master of none. It really needs to streamline and consolidate its portfolio of companies and ultimately focus on handful few ventures and make them worldclass. I seriously wonder why it even has companies like myschool.in.com and toplearnings.com under its hat.
Though everything is not as bad as it seems as reliance industeries has recently decided to pump in a sum of 1.5k crores in the company , which it has to allocate at the right places if it was to emerge out of the competition which is very much needed in the business world of media and entertainment.
Network 18's most of the growth is majorly acqiuscition led. Haresh Chawla claims that the company has been really good with these aqquisitions in terms of keeping intact the managment and structure of the original company.
The real pain point seems to me is that the company is actually trying to do too much and is just being jack of all trades and master of none. It really needs to streamline and consolidate its portfolio of companies and ultimately focus on handful few ventures and make them worldclass. I seriously wonder why it even has companies like myschool.in.com and toplearnings.com under its hat.
Though everything is not as bad as it seems as reliance industeries has recently decided to pump in a sum of 1.5k crores in the company , which it has to allocate at the right places if it was to emerge out of the competition which is very much needed in the business world of media and entertainment.
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