Sun Network to foray into print media

By Our Corporate Bureau | 19 Jan 2004

Chennai: Sun Network has plans to enter the print media, launch a second Malayalam channel and expand FM radio coverage to more areas, according to Mr Kalanithi Maran, Chairman and Managing Director, Sun Network. He said that the main objective was to be present in all spheres of communication and this was the logical step towards it. This would be the next major investment of the company and would be entirely funded by internal accruals, he said.

The company had no plans to go for an initial public offering at present, Mr Maran said.

He said that Sun Network has a major share of the Southern markets. While all other southern markets had more than one channel, there was only one Malayalam channel.

Mr Maran said that he planned to roll out FM radio in more areas soon, as he expected the FM licences to open up again. He said that they planned to concentrate more on radio.