TV18 Gets it

I have been watching the consumer internet space in India with some interest for a while now. VCs are exercising reasonable caution when it comes to putting money in an Indian startup in the space (which is different from the situation in silicon valley where too much money is chasing few good ideas).
That aside, I couldn't help notice how good a job TV18 is doing with a whole bunch of initiatives. They are hardly innovative ideas: cricketnext, compareindia, homeshop18, tech2.0, indiwo or their bread and butter moneycontrol. But there's clearly a thrust on building communities which shows that they have taken a long term view. A diversified set of web assets, presence in the content side (being a media company) give TV18 an edge. If it's not already doing so, this is one company which will give indiatimes and rediff a run for their money.
I would buy their stocks, but a lil expensive right now. So I have it on my shopping list. Hoping for the markets to cool off before june/july.