Mangalore / Bangalore, July 1: The editor-in-chief of 'Kannada Prabha' Kannada news daily, Vishweshwar Bhat, is now slated to take simultaneous control of the Suvarna News 24×7 channel, as group editor.
With this Mr Bhat has become the first prominent Kannada journalist to have a foot in both the print and electronic media.
However, sources within the 'Suvarna News' has confirmed that Hameed Palya, who had assumed charge as 'current affairs' editor' of the channel nearly three months ago, would continue in his post.
The development comes when the businessman-cum-parliamentarian Rajeev Chandrasekhar achieved his complete ownership on Kannada Prabha, which was established by Ramnath Goenka.
Mr Chandrasekhar's Jupiter Media & Entertainment Ventures began the creeping acquisition of Kannada Prabha, valued at Rs 250 crore, through a “strategic business alliance” with Kannada Prabha Publications in March 2010.
The stake transfer is now complete, according to sources in the know, although neither side has issued a formal communication yet on the extent or completion of the acquisition.
The purchase of the paper means Mr Chandrasekhar now has a Kannada newspaper and a Kannada news channel in his armoury in Bangalore. No other Kannada paper or channel has cross-media ownership.
Kannada Prabha, which has occupied the landmark Express building on Queen's Road in Bangalore, is expected to move to a new premises in October which it will share with Suvarna News.
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