No takeover yet, but can SpiceJet's Ajay Singh turn NDTV's fortunes around?

No takeover yet, but can SpiceJet's Ajay Singh turn NDTV's fortunes around?

Manu Kaushik | September 23,2017

Reports say Ajay Singh will soon take control of NDTV's editorial rights.

Reports say chairman and managing director of SpiceJet, Ajay Singh, will soon be taking over NDTV with a "controlling stake of around 40 per cent and the promoters Prannoy Roy and Radhika Roy will hold around 20 per cent in the company." Even though NDTV has denied the report, it is being said that the deal has been finalised and Ajay Singh will take control of NDTV along with editorial rights. But the real question is if the businessman will be able to turn NDTV into a profit-making business. 

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