TimeWarner, which owns CNN, will buy up 92% of India’s Hindi channel, NDTV Imagine, for $126.5 million to increase its international offerings. After spinning off HBO, its cable system, and its AOL Internet service this year, the group wants to boost programming and expand outside the US. India looks good to the company because of its huge market and rapid technology catch-up. TimeWarner’s pockets are pretty deep for now, with $7.13 billion in cash and equivalents in its war chest. The group’s shares have climbed some 45% in 2009, and finally, by ridding itself of the shackle that was AOL, the owners of TIME magazine are looking to the future. Read more: Bloomberg
Terry Pratchett forged his own sword from iron and meteorites purely for the occasion of the awarding of his knighthood.