Another Travel channel on its way

The Travel Channel International, UK, is all set to set up an Indian subsidiary as Foreign Investment Promotion Board (FIPB) has given an approval nod.

Not only Travel Channel but Dainik Bhaskar media group has also been allowed to increase foreign shareholding in itself from 7.14 per cent to 26 per cent.

Also, Synergy Media, the radio arm of the group, would also be able to increase foreign shareholding from the existing 7.1 per cent to 17.9 per cent. The cap on foreign investments in print media is 26 per cent, while that in an FM radio company is 20 per cent.

The Dainik Bhaskar Group runs a Hindi newspaper (Dainik Bhaskar) across several states, while Synergy Media operates a network of 17 private FM radio stations under the brand name, My FM.

Travel Channel International is run by US-based Cox Communications, a company with diverse business interests, including digital cable, manufacturing and distribution of digital set top boxes, digital telephones (internet telephone), and high speed internet.