Media firm Jagran Prakashan was learnt to be in talks to acquire stake in multiple-media conglomerate Mid-Day Multimedia. However, Jagran Prakashan’s Chief Executive Officer RK Agarwal denied the speculation saying that the company was in discussion with Mid-Day for a “strategic alliance” and not a stake buy. “We are working on possibilities like marketing tie-up with Mid-Day, but the discussions are at very preliminary stages.”

However, he denied to comment on whether it was an equity or a marketing alliance.