Global Broadcasting, which owns the English news channel, Times Now, is likely to launch its business news channel in the third quarter of 2008. The launch of the business channel comes almost three years after the launch of Times Now.
Times Global Broadcasting is yet to announce a business editor for the channel. However, Rahul Joshi, executive editor, The Economic Times, has been given the additional responsibility of heading the project till its launch.
Sources inform agencyfaqs! that in his new role, Joshi will work closely with Chintamani Rao, chief executive officer, to put together a competent team, shape and design the content, and help create an overall differentiated offering. The business channel aims to leverage on the influence, market dominance and thought leadership of The Economic Times.
Recently, a team has been put in place to design the content for the new channel. The team is also looking aggressively to hire people.
agencyfaqs! had reported earlier that apart from the business news channel, the Times Group is looking to launch three speciality genre channels by 2008-09. One of the channels will be dedicated to Bollywood news and will be launched by the middle of 2008. The other two channels will be launched by the end of 2008 or the beginning of 2009.
Another media house, UTV, is also expected to launch its business TV channel by April 2008, but the launch date has not been confirmed as yet.