Star Group wants to buy out ESPN's stake in the equal joint venture so that it gets independent control to expand its sports broadcasting business in India at a time when acquisition costs have climbed to astronomical heights. Star's ability to take risks and aggressively mop up cricket rights would be higher as it can leverage the sports property with its highly popular entertainment channels in India.
Read More: http://www.indiantelevision.com/headlines/y2k12/may/may46.php
Read More: http://www.indiantelevision.com/headlines/y2k12/may/may46.php