Bhaskar's Bihar-Jharkhand ambitions
Courtsey: afaqs.com Hindi daily Dainik Bhaskar plans to enter new markets to strengthen the brand and expand its reach. It is poised to enter Bihar and Jharkhand, rolling out editions in the two states in the next six-eight months. As per R2 of IRS 2009, Dainik Bhaskar, the No. 2 publication of the country, has recorded a marginal decline in total readership for the second consecutive round. In the latest round, the Hindi daily lost about 5.9 lakh readers, while in R1, it had lost about 2.8 lakh readers. However, the daily had added about 33 lakh readers in R1 and R2, 2008, and has shown a growth in readership in both these rounds of IRS. Currently, its total readership stands at 3.3 crore. According to sources, the project is in the planning phase at the moment. The group is negotiating the land deals and simultaneously studying the market. It is also learnt that the project will be taken to the next level after the launch of its IPO, which is expected to come out next month. Earlier,...