Raj TV to launch new channel

MUMBAI: Raj Television Network on Monday said it has received approval from the Ministry of Information and Broadcasting for launching a 24x7 Tamil news channel.

The company plans to start the channel on November 14, Raj Television said in a communique to the Bombay Stock Exchange.
   
"It would be a seven-day per week news channel in Tamil language covering all types of general news, business news and other news both national and international," the media firm said.

Raj Television targets to increase its market share with the launch of the channel, Raj Television said.
    
Earlier, in mid August, the company had launched Kalaignar TV and Raj Musix.
    
While, Kalaignar TV is a general entertainment channel catering to all sections of people with programmes including movies, news, serials etc, Raj Musix is a music channel consisting of mostly youth centric programmes.

The company had also signed a two year agreement with the Singapore government-owned TV 12 for exporting content to Vasantham Central, a free-to-air channel airing programmes for the Indian community there.
    
The firm is targeting similar tie-ups with broadcasters in Malaysia, Thailand, Fiji, the UK and the US.
   
Raj TV Network, which telecasts on two widely viewed channels Raj TV and Raj Digital Plus,' posted a revenue of Rs 38.64 crore for the 2006-07 fiscal, an increase of 22.64 per cent from the previous year.

Shares in the company were last trading down 2.57 at Rs 223.40 on BSE.