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NDTV Terminates Strategic Alliance Pact With Scripps Networks

MUMBAI -(Dow Jones)- Indian broadcaster New Delhi Television Ltd. (532529.BY) said Tuesday it has called off a deal with Scripps Networks Interactive Inc. Cia. (SNI) which would have seen the U.S. publisher pick up a majority stake in NDTV's lifestyle programming arm. No reason was given for the termination of the deal. In November, Scripps had agreed to pay $55 million for a 69% stake in NDTV Lifestyle, the operator of the channel NDTV Good Times. The deal was expected to be closed by the first quarter of 2010. -By Kenan Machado, Dow Jones Newswires; +91 22 6145 6107; kenan.machado@dowjones.com

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