Posts Tagged ‘Steve Forbes’

Steve Forbes named in Forbes India legal notice

28 June 2013
ig_dk_charles_shishir1

Top row: Indrajit Gupta (L), Dinesh Krishnan
Bottom row: Shishir Prasad (L), Charles Assisi

Three of the four Forbes India editors, who were forced out of the fortnightly business magazine allegedly for demanding that the promoters fulfill their contractual commitments on employee stock options (ESOPs), have shot off legal notices to Network 18 and Forbes Media, demanding immediate reinstatement and settlement of dues and damages for loss of livelihood, reputation and mental harassment.

Steve Forbes, the chairman and CEO of Forbes Media, and William Adamopoulos, CEO Asia of Forbes Media, have been named among the eight respondents, since Forbes India is a title licensed by the American parent organisation, Forbes.

The others named in the legal notice are Network 18 chief operating officer Ajay Chacko, editor-in-chief web and publishing R. Jagannathan, group HR director Shampa Kochhar, group general counsel Kshipra Jatana, and group CEO B. Sai Kumar.

Interestingly, neither Raghav Bahl, the controlling shareholder and managing director of Network 18, nor Reliance Industries chief Mukesh Ambani, whose name was drawn into the controversy by the Bombay Press Club, have been named in the June 18 legal notice.

(Update: The managing director of Digital 18 Media is the chief recipient of the legal notice, which at this current time happens to be Raghav Bahl.)

The “termination” of services of Forbes India editor Indrajit Gupta, the “resignation” of managing editor Charles Assisi, director photography Dinesh Krishnan, and executive editor Shishir Prasad, was slammed by the Editors Guild of India as a move that cuts at the “very root of editorial independence”.

While the first three have sent the legal notices, the fourth has chosen not to contest the case.

The notices are seen as the first step before a full-blown court case which would test human resource practices at one of India’s largest media organisations.

The silence of the Press Council of India, created to preserve the freedom of the press and to maintain and improve the standards of newspapers and news agencies in the country, has been defeaning, given the demonstrated propensity of its chairman Justice Markandey Katju to intervene in public debates.

Also read: How the Forbes India editors were forced out

Bombay Press Club blasts Forbes India purge

Forbes purge is a freedom issue: Editors’ Guild

External reading: Forbes will stick to its DNA: R. Jagannathan

Fortune India and Forbes India in numbers

27 September 2010

Much anticipated and much delayed, Fortune, the business magazine from the Time Inc stable, has finally made its India debut, in collaboration with Aveek Sarkar‘s Ananda Bazaar Patrika (ABP) group, 16 months after the launch of the Indian edition of Forbes in collaboration with Raghav Bahl‘s Network 18 group.

# Forbes India periodicity: fortnightly

Fortune India periodicity: monthly

# Forbes launch cover price: Rs 50 (raised to Rs 100)

Fortune launch cover price: Rs 100

# Forbes inaugural subscription price: Rs 950 (26 issues)

Fortune inaugural subscription price: Rs 800 (12 issues)

# Total pages in Forbes launch issue: 122

Total pages in Fortune launch issue: 192

# No. of names in Forbes launch issue masthead: 43

No. of names in Fortune launch issue masthead: 20

# No. of articles in Forbes launch issue: 30 (+ regulars)

No. of articles in Fortune launch issue: 25 (+ regulars)

# No. of ads in Forbes launch issue: 25

No. of ads in Fortune launch issue: 61

# No. of gatefold ads in Forbes launch issue: 0

No. of gatefold ads in Fortune launch issue: 2

# Forbes India: launched by Steve Forbes, editor-in-chief, Forbes

Fortune India: launched by B. Muthuraman of Tata Steel and Ravi Kant of Tata Motors

***

# Forbes launch issue cover story: Lakshmi Mittal

Fortune launch issue cover story: India Inc’s international workforce

# Firang gyan in Forbes launch issue: Steve Forbes

Firang gyan in Fortune launch issue: Andy Serwer, managing editor, Fortune

# India peg in Forbes launch issue: Lakshmi Mittal, Vijay Mallya (UB), Tulsi Tanti (Suzlon)

India peg in Fortune launch issue: Jawaharlal Nehru article from 1942 Forbes, Naresh Trehan (Medanta), Pramit Jhaveri (Citibank India CEO)

# Forbes India shit-I-didn’t-know-that story: Suzlon’s wind energy plans become a nightmare, debts and losses are Mallya’s new companions

Fortune India shit-I-didn’t-kn0w-that story: Bill Gates‘ favourite teacher’s father was born in Bengal, Wal-Mart will soon have $500 billion in sales

# Forbes India Freudian slip: “Indians can’t work, Chinese can’t think”

Fortune India Freudian slip: Will Brazil overtake India?

# Forbes India editorial mission statement: “We will strive to convince you of a point of view with hard evidence, logic and clear reasoning. But at the same time, we will have an attitude, an edge, and strive to be conversaional like someone on a bar stool telling you a story. We’ll also be fun to read. Companies may be a shade dull—but their managers almost never are. That’s why we will tell our stories through people… It’s not just words alone. Our design—images, graphics, and illustrations—will work in tandem with our stories to create a contemporary business magazine.” (Indrajit Gupta, editor)

Fortune India editorial mission statement: “As we bring you the stories that matter from around the world, through meticulous reporage, deftly edited to ensure an effortless read, lavish pictures, and sophisticated design, we’ll always endeavour to make the magazine enjoyable. Indeed, to make you partners in the greatest journalistic assignment in history.” (D.N. Mukerjea, editor)

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