Indi Media buys out NewsX

Indi Media is promoted by Jehangir Pocha, former editor of Businessworld and Vinay Chhajlani, one of the promoters of NaiDunia

The final verdict is out after days of speculations on the buy out of NewsX, the television news venture of INX Network, the company promoted by Indrani Mukerjea.

NewsX has been bought over by Indi Media, a company promoted by Vinay Chhajlani and Jehangir Pocha. Chhajlani is one of the promoters and CEO of Madhya Pradesh based Hindi daily, NaiDunia. Pocha, till date, was editor of Businessworld. He quit Businessworld, today.

The development has been confirmed to afaqs! by Chhajlani as well as Pocha.

Watch out this space for more!

Have news to share? Write to us atnewsteam@afaqs.com