Zee approves Ten Sports acquisition

Meanwhile Zee’s sports division, covering the Zee Sports and Ten Sports channels as well as Zee’s other sports interests, including Mumbai FC and the Indian Cricket League (ICL), reported a loss of Rs276 million ($6 million) for the three months to end-December 2009. The loss is understood to be largely due to paying out player contracts after the scrapping of the ICL’s 2009-10 edition. Revenues of Rs604 million were outweighed by costs of Rs880 million.