Monday, May 31, 2010

Anil Ambani forms equal joint venture with CBS for small-screen debut

"Anil Ambani’s Reliance Media World will form an equal joint venture with iconic American media company CBS Corporation to launch a potentially disruptive network of television channels under the brand BIG CBS, a person familiar with the development said. The companies have reached an agreement on the JV and an announcement is expected to be made this week."

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