Rumblings of dissent

There are rumblings of dissent in Dainik Bhaskar, Jaipur. RE of the Jaipur edition of the newspaper Indusekhar Pancholi has already put in his papers. Few more names are doing the rounds. These rumours have gain credence in the light of news coming in that Yashwant Vyas will quit by 15 Feb. However it could not be cofirmed as his office is denying them as merely rumour.

Comments

Post a Comment

Popular posts from this blog

Amar Ujala’s Lucknow edition by June end; hopes to be No. 1

This news appeared first at www.afaqs.com Hindi daily Amar Ujala is all set to launch its 18th edition overall and its 11th edition in Uttar Pradesh (UP) in Lucknow in the last week of June. According to market sources, the edition will cover eight other districts of UP in addition to Lucknow: Raibareli, Lakhimpur Kheri, Gonda, Sitapur, Barabanki, Bahraich, Faizabad and Sultanpur. In Lucknow, Amar Ujala will fight it out with the current market leader, Dainik Jagran, which has a circulation of 200,789 copies as per the ABC figures for July-December 2007. According to company insiders in Lucknow, Amar Ujala hopes to be No. 1 in Lucknow from day one – it has more than 210,000 confirmed subscriptions already. The daily will have a cover price of Rs 3.50, at par with Dainik Jagran. HT Media’s Hindustan (with a cover price of Rs 3/ 3.50) is also a strong competitor. As per ABC figures for July-December 2007, Hindustan’s Lucknow edition – also printed from Varanasi and Kanpur – has a circul
Read more

HT Media Q3 net at Rs 184.2 mn; demerges Hindi business

Courtsey: exchange4media.com HT Media more than doubled its net profit in the third quarter ended December 31, 2009 to Rs 184.2 million from Rs 78.2 million in Q3 FY09 due to sharp increase in circulation and advertising revenues. The company has demerged its Hindi business that includes daily ‘Hindustan’, magazines ‘Nandan’ and Kadambini’ during the quarter for Rs 1.4 billion and has temporarily shut down the loss making JV with BCCL, ‘Metro Now’. However, the company’s total revenue decreased by 3 per cent at Rs 3,289.8 million on standalone basis. On consolidated basis, the revenues of the company have increased 6 per cent to Rs 3,661 million from Rs 3,457 million on account of 30 per cent increase in circulation revenues from Rs 390 million to Rs 508 million. This has been largely due to increase in the number of copies circulated, improved realisations and increase in cover price effective Q1 FY10. The advertising revenues showed a growth of 3 per cent from Rs 2,780 million to Rs
Read more

Amar Ujala to get a strategic partner: Indian Express

Amar Ujala, the fourth largest Hindi daily in terms of readership, is set to get a strategic partner. One of India’s largest regional media groups will acquire an 18 per cent stake in Amar Ujala Publications Ltd (AUPL), the company that publishes the newspaper, it is learnt. Amar Ujala has been in the news for the past two years, ever since private equity firm DE Shaw, which had picked up an 18 per cent stake in AUPL in 2006 for Rs 117 crore, sought an exit and a return of around 25% on its investment. DE Shaw was insistent that AUPL either lists itself or sells to a buyer identified by the private equity firm. When AUPL resisted, DE Shaw dragged the company to court. After a prolonged and messy battle, AUPL agreed to pay DE Shaw for its 18 per cent stake. AUPL has ever since been looking for a strategic investor. The company valued itself at around Rs 850 crore. Subhash Chandra’s Zee Group entered the fray recently, and there were some rumours that Amar Ujala’s promoters wo
Read more