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International media businesses will be able to nab a larger chunk of the Indian TV market if the government accepts recommendations made by the Telecoms Regulatory Authority of India.
This will come as good news to Hollywood players, such as Rupert Murdoch's News Corp., who are anxious to grab a bigger slice of the lucrative sector.
According to a recent report from global financial services group KPMG, Indian TV industry revenues hit $5.7 billion in 2009, a number expected to grow to $11.3 billion by 2014. India has more than 100 million cable TV homes that consume nearly 500 channels.
In a proposal sent to the ministry of information and broadcasting, …