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Merging Interests

  •  Rupert Murdoch's NewsCorp brings in the funds that Subhash Chandra needs to fuel his expansion plans with.
  •  Subhash Chandra, on his part, will use his considerable lobbying skills to get Murdoch's stalled Direct to Home projectoff the ground.
  • A joint venture with Zee Telefilms helps Murdoch stay under the 20-odd per cent foreign equity cap when the Broadcast Bill is passed.
  • Murdoch's proposal is a moral victory for Chandra: an admission that he can't survive in India without his help.
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