Posts Tagged ‘Mukesh Ambani’

2,450 journos lost jobs in Chitty Chitty Bong Bong

27 April 2013

Mail Today, the tabloid daily owned by the India Today group, reports that an astonishing 2,450 journalists (including non-editorial staff) may have lost their jobs after the meltdown of Bengal’s chitfund driven, politically backed newspapers and TV stations.

Employees of Saradha group owned 24-hour TV news station, Channel 10, are reported to have filed a complaint against the Trinamool Congress Rajya Sabha member andSaradha group media cell CEO Kunal Ghosh and the chairman Sudipta Sen for not paying salaries and depositing contributions to the provident fund.

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In the Indian Express, editor-in-chief Shekhar Gupta writes:

“But why are we complaining? Why are we being so protective of what only we see as our turf? There is nothing in the law to stop anybody from owning media. And sure enough, the biggest business houses in India have tried their hand with the media and retreated with burnt fingers and singed balance sheets.

“The Ambanis (Observer Group), Vijaypat Singhania (The Indian Post), L.M. Thapar (The Pioneer), Sanjay Dalmia (Sunday Mail), Lalit Suri (Delhi Midday), are like a rollcall of the captains of Indian industry who failed in the media business.

“They failed, you’d say, because they did not, deep down, respect the media, or journalists. Many of them saw themselves as victims of poorly paid, dimwit journalists employed by people who called themselves media barons but were barons of what was a boutique business compared to theirs.

“But there is a difference between then and now, and between them and the state-level businessmen investing in the media now. They failed because they did not respect journalism. The current lot are setting up or buying up media mainly because they do not respect journalism, because they think all journalists are available, if not for sale then for hire, as lawfully paid employees.

“If you have a couple of news channels and newspapers, a few well known (and well connected) journalists as your employees, give them a fat pay cheque, a Merc, and they solve your problem of access and power. They also get you respect, as you get to speak to, and rub shoulders with top politicians, even intellectuals, at awards and events organised by your media group.

“It is the cheapest ticket to clout, protection and a competitive edge.

“A bit like, to steal the immortal line Shashi Kapoor spoke to his wayward “brother” Amitabh Bachchan in Yash Chopra‘s Deewar (mere paas maa hai), tere paas police, SEBI, RBI, CBI, kuchch bhi ho, mere paas media hai.

“Remember how Gopal Kanda defied Delhi Police to arrest him rather than have him present himself grandly for surrender? The police put up scores of checkpoints to look for him, but he arrived in style, riding an OB van of STV, a channel known to be “close” to him. Which cop would dare to look inside an OB van?”

Infographic: courtesy Mail Today

Also read: How Bengal’s chit fund crooks exposed the media

Shekhar Gupta storms into India Today powerlist

19 April 2013

Thirteen out of India Today magazine’s 2013 ranking of the 50 most powerful people in India have interests in the media, but only two of them (former Indian Express editor Arun Shourie, Times Now editor-in-chief Arnab Goswami, Indian Express editor-in-chief Shekhar Gupta) are pure-play journalists.

The chairman of the press council of India, Justice Markandey Katju, is a new entry at No. 50, just as Gupta is at No. 45, Hindustan Times bosswoman Shobhana Bhartia at No. 39 and Star India CEO Uday Shankar at No. 26.

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No. 1: Mukesh Ambani, chairman, Reliance Industries and “virtual owner” of TV18 (up from No. 3 in 2012)

No. 4: Kumaramangalam Birla, chairman Aditya Birla group, and 27.5% stake holder in Living Media (up from No. 5): “sings Hindi film songs, although only in close family circles”

No. 7: Samir Jain and Vineet Jain, The Times of India, down from No.6 last year

No. 26: Uday Shankar, CEO, Star India (new entry)

No. 28: Kalanidhi Maran, chairman and MD of Sun Group (up from 49 last year)

No. 31: Mahendra Mohan Gupta and Sanjay Gupta, chairman and CEO, Dainik Jagran (No. 31 last year)

No. 35: Subhash Chandra, chairman, Zee television and DNA (No. 35 last year)

No. 39: Shobhana Bhartia, chairman and editorial director, HT Media (new entry): Her home in Friends Colony (West) in Delhi was acquired from the erstwhile royal family of Jind.

No. 36: Raghav Bahl, MD, Network 18 (up from No. 44)

No. 38: Arun Shourie (new entry): His dictum: “We must learn to be satisfied with enough and enough is what we have at the moment.”

No. 41: Arnab Goswami (up from 46): “Plays loud music on his iPod before every show to unwind.”

No. 45: Shekhar Gupta (new entry)

No. 50: Justice Markandey Katju, chairman, press council of India (new entry): The Ph.D. in Sanskrit asked Lucknow lawyer S.K. Kalia who entred his court, ‘Ab tera kya hoga Kalia‘?

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Photograph: courtesy Indian Express

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Also read: 12 media barons worth 2,962, 530,000,000

10 media barons in India Today 2010 power list

26% of India’s most powerful are media barons

An A-list most A-listers don’t want to be a part of

Blogger breaks into Businessweek most powerful list

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The Indian Express power list

2012: N. Ram, Arnab Goswami crash out of power list

2011: Arnab Goswami edges out Barkha Dutt

2010: Arun Shourie more powerful than media pros

2009: 11 habits of highly successful media people

‘Network 18′s multimedia Modi feast, a promo’

13 April 2013

narenda_modi_20130409112338_930x584

As news channels bend backwards to give flight to Narendra Modi‘s prime ministerial ambitions, the Indian Express television critic, Pratik Kanjilal, writes on the Mukesh Ambani-controlled Network 18‘s unquestioning schmoozefest with the Gujarat chief minister:

“Modi also addressed a business forum in Kolkata, but the big one was the multimedia love-feast organised by Network 18.

“TV, blow by blow Web updates, social media, the works, with Modi hosted by Sanjay Pugalia, one of the first television journalists, and the discussion led by media entrepreneur Raghav Bahl.

“With no trace of journalistic scepticism, this was a promo. The guest was so much at ease that he asked after Sagarika Ghose and Rajdeep Sardesai. It’s sobering to recall that Sardesai had done excellent street-to-street reporting on the Gujarat violence of 2002.”

Read the full column: Twitter alert

Also read: ‘For cash-stuck TV, Modi fetches TRPs’

Arvind Kejriwal taunts Ambani on TV ‘sue’ threat

23 January 2013

ambani_keriwal_0111

SHARANYA KANVILKAR writes from Bombay: Last month, India’s richest man, Mukesh Ambani, and its most powerful business house, Reliance Industries, shot off a seven-page legal notice to several TV news channels for airing anti-corruption activist Arvind Kejriwal‘s allegations against them in October and November last year.

Surprisingly, or perhaps not, neither Kejriwal nor his advocate-partner, Prashant Bhushan, heard from RIL’s lawyers, A.S. Dayal & Associates, on their charges of Ambani’s Swiss bank accounts and hanky-panky in the Krishna-Godavari basin by RIL, which were covered “live” by the TV channels.

Not surprisingly, or perhaps not, Kejriwal is now believed to have written to Mukesh Ambani, who is now also a media player, urging him inter alia to stop “threatening the media”. Excerpts:

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Shri Mukesh Ambaniji

Recently you have sent a legal notice to all TV channels in the county. Their fault is that they “live” telecast the press conference addressed by Prashant Bhushan and me on 31 October 2012 and 9 November 2012.

We, in our press conferences, informed the citizens of India on how you illegally pressured the government for a hike in fuel prices. Our expose was covered “live” by many TV channels.

You have sent them a legal notice for defamation suit.

I am not able to understand this.

If you have been defamed by Prashant Bhushan and me, then we are at fault. Why has the notice been sent to TV channels and not us? This clearly reveals that your motive was to exert pressure on the TV channels….

According to your company, the “live” telecast by TV channels is a case of defamation.

Just think through: is it really me or Prashant Bhushan or the TV channels who have defamed you, or have you yourself defamed your image by your acts?

I request you do not try to threaten the media of this country.

There could be a few people in the media who are biased; they can follow you.

Still, there are many journalists who work for this country. They will not be influenced by you. History is witness that such journalists come forward to save democracy.

There could be some media houses where you could have directly or indirectly invested money; they could come under your control. But the journalists working for them will not.

Yours, etc

Arvind Kejriwal

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Photograph: courtesy IBN Live

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Also read: ‘RIL has no direct stake in media companies’

Mint says SEBI looking into RIL-Network18/TV18-ETV deal

Rajya Sabha TV tears into RIL-Network18-ETV deal

Will RIL-TV18-ETV deal win SEBI, CCI approval?

The sudden rise of Mukesh Ambani, media mogul

The Indian Express, Reliance & Shekhar Gupta

Niira Radia, Mukesh Ambani, Prannoy Roy & NDTV

Why the Indian media doesn’t take on the Ambanis

Mukesh Ambani ‘sues’ TV channels on Kejriwal

10 January 2013

ambani_keriwal_0111

SHARANYA KANVILKAR writes from Bombay: India’s richest man, Mukesh Ambani, and India’s most powerful business house, Reliance Industries, are believed to have served a legal notice on several TV news channels for airing anti-corruption activist Arvind Kejriwal‘s allegations against them in October and November last year.

However, it is not known if Kejriwal, a former IRS officer, and his advocate-partner, Prashant Bhushan, have heard from RIL’s lawyers on the charges made by them at the  press conferences which were covered “live” by the TV channels with accompanying commentary.

It is also unclear if  newspapers which reported Kejriwal’s allegations of Ambani’s Swiss bank accounts and hanky-panky in the Krishna-Godavari basin by RIL have attracted similar legal attention from the less-litigious of the two Ambani brothers.

In the seven-page legal notice shot off in the middle of December 2012, Mukesh Ambani and RIL have demanded “a retraction and an unconditional apology in the form approved and acceptable to our clients” within three days from the receipt of the notice.

The notices have been served by the Bombay legal firm, A.S. Dayal & Associates.

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Besides accusing the channels of “deliberately and recklessly” airing “false and defamatory statements” with an intent to “defame our clients and bring them into disrepute”, the legal notice makes the following points:

# “Your TV Channel provided a platform and instrumentality for wide dissemination of the false and defamatory statements and allegations made at the said press conference.”

# “Live telecast of these press conferences amounts to permanent publication of defamatory material relating to our client by you.”

# “Each of the two press conferences were telecast live without making any attempt to verify the truth or veracity of the statements and allegations being made during the press conference.”

# “Apart from having telecast the press conferences live, Your TV Channel  in the course of several television programmes and televised debates that followed after the said press conferences, continued to telecast, transmit and retransmit the defamatory footage of the press conferences.”

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More ominously, the Ambani-RIL notice reminds the channels:

# “Our clients have instructed us to state that Your TV Channel is bound by the Guidelines for Uplinking and Downlinking from India dated 5th December 2011, issued by the ministry of information & broadcasting, government of India.

# “Our clients have instructed us to state that since Your TV Channel is a news and current affairs TV Channel, the provisions of the Uplinking and Downlinking Guidelines apply to Your TV Channel, which inter alia provide that a Company, like Your TV Channel, which runs a news and current affairs TV channel, is obliged to comply with the Programme Code as laid down in the Cable Television Network (Regulations) Act, 1995, and the Rules framed thereunder.

# “Our clients have instructed us to state that in telecasting the aforesaid press conferences and repeating the false and defamatory material relating to our clients in the manner aforesaid Your TV Channel is in complete violation of the said Uplinking Guidelines, and the said Downlinking Guidelines as also in complete and material breach of the Programme Code prescribed under the Cable Television Network Rules.”

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The RIL legal notice brings to question the wisdom of broadcasting “live” Kejriwal’s near-weekly press conferences towards the end of last year, sans any filters or fetters.

On the other hand, the authoritarian tone of the legal notice—reminding the recipients of uplinking and downlinking norms—throws light on the egg-shells on which private TV stations are walking in the “free” Republic.

The legal notice also swings the spotlight on big business ownership of and shadow over the media, especially when it is alleged to have both the main political parties, the Congress and BJP, in its pocket.

For the record, RIL is in the media business too. Both CNN-IBN and IBN7 are part of the Reliance stable following a controversial and circuitous takeover at the turn of 2012 that now has earned the OK of the competition commission of India (CCI).

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Photograph: courtesy IBN Live

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Also read: ‘RIL has no direct stake in media companies’

Mint says SEBI looking into RIL-Network18/TV18-ETV deal

Rajya Sabha TV tears into RIL-Network18-ETV deal

Will RIL-TV18-ETV deal win SEBI, CCI approval?

The sudden rise of Mukesh Ambani, media mogul

The Indian Express, Reliance & Shekhar Gupta

Niira Radia, Mukesh Ambani, Prannoy Roy & NDTV

Why the Indian media doesn’t take on the Ambanis

HT wedding unites Ambanis and Birlas

31 December 2012

News of a wedding that brings India’s most powerful corporate, Reliance Industries, closer to India’s second largest English newspaper, Hindustan Times, which is headed by the Congress member of Parliament Shobhana Bhartia.

From Mail Today, the tabloid newspaper from the India Today group:

Mukesh Ambani‘s home Antilia has seen a number of parties in the last few months like the one thrown to celebrate Sachin Tendulkar’s record of 100 international centuries.

The next one promises to be the mother of all bashes.

Mukesh and Anil Ambani‘s sister, Nina Kothari‘s daughter Nayantara will be tying the knot with K.K. Birla‘s grandson Shamit Bhartia.

Shamit is the son of Hindustan Times boss Shobhana Bhartia and her businessman-husband Shyam Bhartia of Jubilant.

While the wedding is in Chennai, Mukesh and his wife Nita are throwing a lavish dinner at Antilia on January 5. This will be the first wedding of the late Dhirubhai Ambani‘s grandchildren. Secondly, all of Dhirubhai and Kokilaben’s children would be seen together after a long time.

For the record, Mukesh Ambani’s Reliance Industries (RIL) owns a large chunk of TV18 group, which has control over the ETV network of channels, through a controversial deal that later won the approval of the Competition Commission of India (CCI).

12 media barons worth Rs 2,962,530,000,000

6 November 2012

Twelve media barons in Forbes India‘s list of the 100 richest Indians are worth $54.6 billion, in other words Rs 2,962,530,000,000.

There are five pure-play media barons in the Forbes list: Subhash Chandra of Zee (total worth $2.9 billion) at No. 22, Kalanidhi Maran of Sun ($2.8 billion) at No. 24, Indu Jain of The Times of India ($1.9 billion) at No. 31, Shobhana Bharatia of Hindustan Times ($620 million) at No. 93 and Ramesh Agarwal of Dainik Bhaskar ($580 million) at No. 95,

There are seven others with partial media interests: Mukesh Ambani of TV18-ETV ($21 billion) at No. 1, Shashi and Ravi Ruia of TimeOut ($8.1 billion) at No. 8, Kumar Mangalam Birla of Living Media ($7.8 billion) at No. 10, Anil Ambani of Bloomberg ($6 billion) at No. 11, Rajan Raheja of Outlook* ($2.2 billion) at No. 29 and Sanjiv Goenka of Open ($725 million) at No. 80.

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The Forbes special issue features a four-page profile of Satyan Gajwani, the son-in-law of The Times of India‘s bossman Samir Jain and CEO of Times Internet Limited (TIL), the group’s digital arm.

“It was in the last year of Stanford that Satyan’s life took a turn when he met Trishla Jain. “I didn’t know anything about Trishla’s family. We dated through college. We both moved to New York, she was doing other work at NYC.”

# Samir Jain told Gajwani that he really should think about coming to India. “He said a lot of strategic decisions are going to be made in next six months that may have long term impact, so you should be part of them.”

# “Fortunately, Trishla’s dad was very progressive, both in terms of intellect and culturally. He was convinced that we would have married anyways. He said, you are already my son for all practical purposes. So I moved here as her boyfriend and lived with them in Delhi for six months. And then when I was comfortable, we got engaged, and a year-and-a-half later, we got married in 2011.”

# “I have the autonomy to make a big change in our culture and processes. It’s partially because I am the family.”

# That Gajwani has come into Times Internet Limited at the top, as CEO, has had many people saying his success was not earned. That includes his own father. “My dad says you should work your way up a company, slog it out for five years first, so he’s like, you’ve just got put in this position so soon.”

# “In India there is a hierarchical perception: They will agree because I am the boss. That is not what I want, my intention is to stimulate debate.”

# “Digital media is different from other media. Most media companies suck at it.”

# Trishla is now carrying their baby and in a few months, they’ll be parents. “So I have got four more months of being able to work very hard and then life goes normal. He does not want to ‘outsource’ parenting. “I am excited to have kids, but if it’s too much to handle then I can just give them to Samir Uncle.”

* Disclosures apply

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Also read: Forbes can name India’s second richest woman

External reading: How did Satyan Gajwani become CEO at 27?

The Ambani brothers, TOI, Medianet & paid news

30 October 2012

The “reverse-swing” done on Zee News by Jindal Steel is one of the most intriguing media stories in recent memory.

The steel company says it is suing the Subhash Chandra-owned network for Rs 200 crore for the demand of Rs 100 crore in lieu of advertisements allegedly made by its editors, Sudhir Chaudhary and Sameer Ahluwalia, to not telecast shows in relation to the coal allocation scandal.

In turn, Zee says it will sue Jindal Steel for Rs 150 crore for defaming the network by holding a press conference, releasing a CD containing video evidence of the reverse-sting, and making allegations of extortion against it and its editorial staff.

Meanwhile, The Times of India group, whose business paper The Economic Times and its advertorial supplements like Bombay Times and Delhi Times, were happily mentioned in passing by Chaudhary and Ahluwalia as indulging in “paid news” in the Jindal “reverse-sting” says Zee will hear from them.

Not surprisingly, Times CEO Ravi Dhariwal was on the mat at a CII event on Monday, with Amit Khanna of Anil Ambani-owned Reliance Entertainment saying his company had been asked to approach Medianet by TOI for coverage of an film festival.

The last bit of news, published in the gossip column of the Indian Express on Tuesday, has been happily reproduced by First Post, whose parent organisation TV 18 is now part of the Mukesh Ambani group, as evidence of the “media-corporate war”.

Image: courtesy The Indian Express

Good news: ‘Media sector is a sunrise sector’

19 May 2012

What was bazaar speculation for quite a while is now a matter of record. Aroon Purie, the bossman of the India Today group, has divested over a quarter of his holding in Living Media India Limited, in favour of one of India’s richest men, Kumar Mangalam Birla for an undisclosed sum

(Business Standard reports that the deal may have been worth Rs 35o crore).

The stake sale brings one of India’s biggest corporate houses, the Aditya Birla group, into mainstream magazine and television space (the K.K. Birla group owns the newspaper Hindustan Times); sets up a clash of telecom titans for the 4G space (Mukesh Ambani‘s Reliance Industries has bought into the TV18 network); and raises questions over growing corporate ownership of the media.

Below is the internal note shot off by Ashish Bagga, the group CEO of the India Today group, at 9.10 pm on Friday, 18 May 2012:

***

Dear All

I am pleased to inform you of a significant development for the INDIA TODAY group.

Just this afternoon, the $35-billion Indian multi-national, ADITYA BIRLA GROUP (ABG) and your company, which is India’s most respected and diversified media corporation, have come to an agreement for a 27.5% financial investment by a private investment company of the Aditya Birla Group in our holding company, Living Media India Ltd.

Commenting on the investment, Kumar Mangalam Birla, Chairman, Aditya Birla group said: “The Indian media sector is a sunrise sector from our investment point of view. I believe that the India Today group offers one of the best opportunities of growth and value creation. ITG’s management ethos, values, brands, product portfolio and future plans offer one of the best opportunities for growth and value creation.”

Aroon Purie, our chairman said, “I am delighted to partner with the Aditya Birla Group to aggressively address the current and future potential of the Indian media business which is at a tipping point. The Aditya Birla group with its strong leadership, global footprint, diversified business interests and its shared values of integrity, commitment and social responsibility make it a perfect fit with the India Today group.”

By virtue of this development, your company will embark on a high growth and expansion strategy across all its existing and new businesses.

I look forward to a successful and trail-blazing future.

Ashish Bagga, group CEO

Image: courtesy Mail Today

“Reliance has no ‘direct’ stake in media cos”

16 May 2012

A screengrab of the official press information bureau (PIB) release on 14 May 2012, on the shareholding of Mukesh Ambani‘s Reliance Industries in media companies.

Interesting, if true.

Also read: Mint says SEBI looking into RIL-Network18/TV18-ETV deal

Rajya Sabha TV tears into RIL-Network18-ETV deal

Will RIL-TV18-ETV deal win SEBI, CCI approval?

The sudden rise of Mukesh Ambani, media mogul

The Indian Express, Reliance & Shekhar Gupta

Niira Radia, Mukesh Ambani, Prannoy Roy & NDTV

Why the Indian media doesn’t take on the Ambanis

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