Raghav Bahl, Bloomberg in partnership talks?
The industry is rife with the news of Bloomberg LP in talks with Raghav Bahl’s The Quintillion Media for a tie-up. The news comes just days after Bloomberg and Business Broadcast News decided to part ways, ending a seven-year partnership.
Bloomberg and Business Broadcast News had announced last week that the two would not renew their media licensing agreement once the contract period ended on March 31, 2016.
According to media reports, as part of Bloomberg’s stated partnership with Quintillion Media, a co-branded online portal, BloombergQuint, is slated to be released, followed by a television channel.
Should the deal materialise, this would signal Bahl’s return to the broadcast space, which he had exited when Reliance Industries’ Independent Media Trust acquired Network18 in 2014. Bahl had founded Network18 in 1993.
Bahl couldn’t be reached for comments at the time of filing this report.