After initial denials Network18 & TV18 have confirmed acquisition of ETV Group assets & that the RIL Trust will be funding the deal. The proceeds will be used for debt repayment, and allow the group’s expansion into regional space, reports exchange4media. In September the Hoot had reported on the soft pedalling by CNN IBN of the CAG report on the the government favouring Reliance. Now one will need to track how the Network 18 channels will cover RIL henceforth.