Friday 20 September 2013

ABP Group sells Businessworld magazine

ABP Group that owns ABP News TV Channels has sold its business magazine Businessworld to Anurag Batra, owner of media group exchange4media, and Vikram Jhunjhunwala, who runs investment banking and asset management firm Shrine Capital. The deal is expected to be completed within a month.
Batra and Jhunjhunwala have bought Businessworld from ABP on behalf of some unidentified investors, the group said.

ABP MD and CEO D D Purkayastha said, “We have divested Businessworld business. The brand and the publication will continue under the new owners with Prosenjit Datta as the editor.”
Kolkata-based ABP Group has several publications, including Bengali daily Anandabazar Patrika and English newspaper The Telegraph. 
Businessworld started publication in 1981 and is the second-oldest business magazine in the country. It went fortnightly in February this year after nearly a decade as a weekly magazine.

Source:
http://cablequest.org/news/national-news/item/3249-abp-group-sells-businessworld-magazine.html
Source: http://cablequest.org/news/national-news/item/3249-abp-group-sells-businessworld-magazine.html

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