NDTV, Scripps Call Off India Deal

CINCINNATI/MUMBAI: NDTV Group and Scripps Networks Interactive have called off a deal that would have given the U.S.-based channels operator a majority interest in the English-language Indian lifestyle channel NDTV Good Times.

The deal would have seen Scripps taking a 69-percent stake in NDTV Lifestyle, which operates the Good Times channel. The joint venture aimed to operate a portfolio of lifestyle channels in India.

A press release from Scripps said that the two companies "were unable to come to terms on specifics of the transaction." The deal was valued at $55 million.