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Munich - Guillaume de Posch, the chief executive at the biggest of Germany's four main television groups, ProSiebenSat. 1, resigned Tuesday in an unexpected move that sent the group's shares lower.

The group is controlled by two private-equity investment companies, KKR (Kohlberg Kravis Roberts) and Permira, and has 3.5 billion euros (5.4 billion dollars) in debt after its takeover last year of Swedish based TV group SBS.

ProSiebenSat. 1 said de Posch was leaving at his own wish, effective at the end of this year, as it was the right time to move on, but gave no reason for his departure. He has run the group for the past four years.

Cinemax India, which operates as a subsidiary of Kanakia group, will launch three screens multiplex at Eternity Mall, in Nagpur.

US-based Cognizant has acquired Strategic Vision Consulting (SVC), a leading management and technology consulting firm with over 60 employees serving the media and entertainment industry.

New York, May 29 : Bedbugs are biting at the midtown home of Rupert Murdoch's media

Chandigarh, May 26 : Budding fashion designers showcased their collection in 'Anukam