A UTV official has informed that Walt Disney Company (South East Asia) has become the majority shareholder of UTV Software Communications by raising its stake to more than 50 percent.

By acquiring UTV shares from the open market, Walt Disney increased its holding in the company to more than 50 percent, where earlier its shareholding was 37 percent.

“This made Walt Disney the first Hollywood studio to have majority shares in an Indian entertainment company,” said the official.

Earlier this week advisories had been issued, from the Ministry of Information & Broadcasting to the Indian news media, on the continual coverage of the terrorist attack in Mumbai. Now a notice has been sent to the Aaj Tak alleging that the channel’s coverage was creating public panic.

In its advisory, the Ministry said, “Repeated visuals and stories pertaining to the attack, which would make the perpetrators feel their attack was a ‘success’, should, therefore, now be avoided.”

Bennett Coleman & Co Ltd. (BCCL), media conglomerate and the publisher of English daily ‘Times of India’, has picked 26% stake in Manhattan Communications (India) Pvt.

Aegis Media, a media division of the English holding company Aegis Group PLC, plans to acquire strategic stake in India's leading search-marketing and contextual advertising firm, Communicate 2.

Emap Publishing (Netherland) SV has purchased 40.1 % stake in