Inside the Network18 takeover

That is an interesting story, thank you. It reads like a television drama and could probably be turned into an engaging suspense movie. I sometimes wonder whether there should be more forced independence for media companies, but then I remember things like News Corp, which isn't exactly a shining star of journalistic integrity, and GE owning NBC (prior to the sale to Comcast), which afaik didn't ever run into any conflict of interest problems between the parent company and what hit the airwaves.

Debt is the key in the story. You cannot spend the money if you don't have it.

For those of us who are not familiar with the Indian political and business background of this story and the characters, can someone summarize?<p>Some parts translate pretty clearly to a naive reader - high-growth startup accrues too much debt in acquisitions and expansion, some of the new ventures lose money, takes on a high-profile investor and restructures to stabilize, investor takes over the company and kicks out the founder. Others are less so - references to Reliance&#x27;s place in the political sphere, something about gas prices(?) which I presume Reliance has something to do with, a new political movement that is apparently supported by some of the people in the story but not others.

One would tend to question certain events when lots of people that mint has spoken to, do not want to be named.

First it mentions that Reliance did not want board members to quit. But then everyone quits!

I don&#x27;t think this is the right forum to post it (though I agree that the article raises some very pertinent questions)

&quot;Never let your inferiors do you a favor. It&#x27;ll be extremely costly.&quot; --Mencken

Rajeep Sardesai standing by the spirit of journalism? That&#x27;s a laugh.