Sucheta Dalal :Why Kumar Birla’s rumoured exit from Living Media is no surprise
Sucheta Dalal

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Why Kumar Birla’s rumoured exit from Living Media is no surprise  

August 19, 2014

Kumar Birla had called media a \'sunrise sector’ in 2012 with one the best opportunities for ‘value creation\'. We had disagreed, calling it a messy, unprofitable and sunset sector

 

Moneylife Digital Team

 

Aditya Birla group, which in May 2012 bought 27.5% stake in Living Media India Ltd, a holding company of TV Today Network, claiming media as a \'sunrise sector\' is planning to exit from the Aroon Purie-controlled media group, say media reports.

 

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-- Sucheta Dalal