Archive for February 27th, 2012

Editor declares assets, liabilities on live TV

27 February 2012

Even as a question mark hangs over the heads of many editors and journalists, H.R. Ranganath, the chairman and managing director of the newly launched Kannada news channel, Public TV, has declared his assets and liabilities on live television, with his tax consultant sitting alongside him and reading out the list.

Ranganath—former editor of the New Indian Express owned daily Kannada Prabha and the Rajeev Chandrasekhar owned news channel Suvarna News—says he provided the list of his assets and liabilities to his proprietors at his previous ports of call each year, but was only now putting it in the public domain.

Any piece of property over and above those listed by him can be auctioned and the proceeds used for public use, declares Ranganath.

The editor’s assets, as read out by his tax consultant of 15 years, Vijay Rajesh:

# A gift from his mother of four guntas of land in Arkalgud, Hassan

# 1991-92: Partnership in a plot of 13,980 square feet in Mysore

# 2002-03: A house constructed on a 30×40 site in Bangalore

# 2005: A Hyundai Accent car bought on loan

# 2009: A Honda Activa scooter

# 2011: A second-hand 1975 jeep bought last year

# 11,000 shares in Mindtree, 12 shares in Reliance Industries, 15 shares in Kairon

# 250 grams of gold belonging to his wife, 100 grams gifted at the time of marriage, the rest bought over the last 20 years.

Also read: Income, outgo, assets, liabilities, profit, loss

Aditya Nigam‘Editors and senior journalists must declare assets’

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Is there room for another Kannada news channel?

This is your chief minister and here is the news

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