Republic TV clarifies Arnab Goswami personally owns 82% share
Renowned journalist and broadcaster Arnab Goswami personally owns over 82% stake in Republic TV, the country's most-watched news channels said on Wednesday, clearing the air around its ownership.
In a statement, Republic Media Network said Goswami holds over 82% of ARG Outlier Media -- the firm that owns and operates Republic TV.
His company also owns 99% equity in the downstream digital entity that controls the digital entity that controls the digital assets of the network.
Without disclosing other shareholders, Republic Media Network said, the statement was being issued to "clarify the details of its promoter shareholding" in view of "misleading" media reports making "false and malafide claims about the exact ownership of the consolidated network.
It said, Goswami through his personal investment and family owned around 84% shareholding in ARG Outlier Media at the time of launch of the English news channel Republic TV in 2017.
After quitting Times Now as Editor-in-Chief in October 2016, Goswami had announced his new media venture, named Republic, which was launched in May 2017. It has topped the rating chart since its debut.
He floated ARG Outlier Media, which in turn floated ARG Outlier Asianet News along with Asianet News Media & Entertainment. It was ARG Outlier Asianet News which owned Republic TV.
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