NDTV said today that its its board had approved separating its news and entertainment businesses, and the two will be listed as public companies separately in the future. The reorg will stimulate investors in the businesses based on different investment strategies and risk perception,the company said. Also, the news and entertainment businesses are subject to different foreign shareholding caps (news has a lower cap than entertainment), under Indian regulations…U.S. media company NBC Universal (NYSE: GE) is an investor in NDTV’s UK subsidiary, and will now hold 26 percent in the entertainment (including NDTV Imagine) and lifestyle channels, digital media and other interests, including media products and services.

Meanwhile, Sameer Kapoor, President, Metropolitan Media Company Pvt Ltd, which publishes Metro Now, has put in his papers. He is joining NDTV Group in a senior function. Metropolitan Media is a 50:50 JV between Bennett, Coleman & Co. Ltd and HT Media.