Republic TV transforms into Republic Media Network on the eve of its two year anniversary. According to reports, the company valuation commissioned by the company is said to be around 1,200 crore in just two years.
As reported by Exchange4media, the Republic Media Network is now on track to being a completely Editor controlled company after recent agreements by Arnab Goswami to buy back shares from investors like Asianet News Media, who in turn have made strong returns on their investment.
The report quoted Arnab Goswami, MD and Editor in Chief of the Republic Media Network as saying, “We have built a strong media brand in partnership with Asianet News Media – and are poised for growth. We have expanded rapidly in the last two years. Partnering with Asianet News Media has been terrific. Their strong track record and competence as savvy media tech investors has helped us tremendously in our exponential growth. Going forward as Republic Media Network, I look forward to diversifying and growing Republic across all platforms.”