Fund raising move for Jaihind TV to retain major stake

Monday, Jun 8, 2015,19:14 IST By metrovaartha A A A

Kozhikode | The Kerala Pradesh Congress Committee (KPCC) will retain 51 per cent stake in Jai Hind TV aimed at controlling the satellite channel, Vice President M M Hassan today said.
Addressing a Congress District special convention, he said the party had directed all district committees to collect Rs two crore each for the purpose.
Rest of the money needed for retaining the stake will be collected from Pravasis as deposits, he said.
About 85 per cent of visual media were controlled by four or five corporate houses in the country, he added.