The Adani Group’s potential hostile takeover bid of NDTV brings home the dangers of over-borrowing, the growing clout of large corporates in the media business and the need for media companies to focus on subscription revenues.
While the Adani Group’s move seems to have blindsided the management of NDTV, it should not have come as a total surprise either. Convertible warrants issued by a promoter company of NDTV have been hanging over it as a Damocles sword for at least a decade now.
