Posts Tagged ‘Subhash Chandra’

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

Why Aditya Sinha suddenly exited from DNA

10 December 2012

Aditya Sinha, the editor-in-chief of the Bombay newspaper DNA has resigned, within weeks of former Times of India response chief Bhaskar Das joining the Zee group, which now wholly owns the paper. (Sinha’s departure had been preceded by the exit of K.U Rao, the long-serving publisher of DNA.)

Coming at a time when the Zee group is involved in a messy battle with Jindal Steel, with two of the television channel’s editors behind bars for alleged extortion and the group’s own Subhash Chandra and his son Punit Goenka being interrogated, Sinha’s exit has set tongues wagging.

On his microblog account, Sinha has tweeted that he left the paper he edited for two years to concentrate on writing novels. But in an interview with the media website MxM, he leaves little to the imagination as to why he moved on (update: an inference since denied by Sinha).

On the timing of his resignation: “It could have been done at some other time, but why should I follow other people’s timelines?”

On his replacement: “Ravi Joshi, the recently appointed Mumbai resident editor, suddenly finds himself incharge. Bhaskar Das may find an alternative if he can convince someone from his old place of employment to join.”

On DNAs upcoming redesign: “The paper is going through a slight redesign because Bhaskar Das wants to change the look-and-feel of the paper to a template that is familiar to us all. He is keen on an edit page, so I guess my departure strengthens his hands in some ways.”

On his lowpoints as editor: “The only lows were realizing that people working in the company did not even read your newspaper! It shows you that most non-journalists in the media industry have zero passion for their jobs.”

Read the full interview: Jaldi5 with Aditya Sinha

Also read: Does Swamy‘s DNA column amount to incitement?

Is UPA hitting back at TOI, India Today, DNA?

Are journalism’s best practices in your DNA?

Good morning, your paper is free of paid news

How Bombay is skewing the media worldview

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

Zee News, Jindal Steel & silence of the media

22 October 2012

Swapan Dasgupta on the silence of much of the media on the Zee News-Jindal Steel extortion case, in which the editorial staff of the Subhash Chandra-owned channel allegedly demanded Rs 100 crore in lieu of advertisements from the steel major to not publish stories in the coal scam, in The Pioneer, Delhi:

“The media didn’t react to the JSPL sting with the same measure of breathless excitement that greets every political corruption scandal because it is aware that this is just the tip of the iceberg. A thorough exploration of the media will unearth not merely sharp business practices but even horrifying criminality….

“Since the Press Council of India chairman Justice (retired) Markandey Katju is desperate to make a mark, he would do well to suo moto establish a working group to inquire into journalistic ethics. He could travel to a small State in western India where there persistent rumours that those who claim to be high-minded crusaders arm-twisted a Chief Minister into bankrolling an event as the quid pro quo for not publishing an investigation into some dirty practices.

“The emphasis these days is on non-publishing. One editor, for example, specialised in the art of actually commissioning stories, treating it in the proper journalistic way and even creating a dummy page. This dummy page would be sent to the victim along with a verbal ‘demand notice’. Most of them paid up. This may be a reason why this gentleman’s unpublished works are thought to be more significant than the few scribbles that reached the readers and for which he received lots of awards.”

Sudhir Chaudhary, Zee’s business head, has been removed as a member and office-bearer of the broadcast editors’ assocition (BEA) following the incident, of which Jindal Steel claims it has audio and video evidence.

Subhash Chandra too is named in the Jindal FIR along with his son Punit Goenka, and a Zee staffer Samir Ahluwalia.

Read the full column: Media, turn the mirror inwards

Read Sudhir Chaudhary response: Dear Shazi

Also read: Rs 50 crore? Rs 100 crore? It’s all in the business

Rs 50 crore? Rs 100 crore? It’s all in the business

8 October 2012

The coal scam claims its first journalistic victim: Zee Business from Subhash Chandra‘s Zee Network.

The Indian Express reports a Rs 50 crore extortion claim from member of Parliament Naveen Jindal’s company for not doing a story. The Times of India pegs it at Rs 100 crore. Zee Business head Sudhir Chaudhary denies the charge in both newspapers.

Images: courtesy The Times of India (top) and The Indian Express

What your settop box says abour your newspaper

7 June 2012

The perils of cross-media ownership are obvious and the Bombay daily DNA demonstrates it in ample measure today on its business pages.

The news-you-can-use story is ostensibly aimed at empowering TV viewers on the various options before them as the country’s four metros go digital from July 1. It lists the comparative advantages of Tata Sky, Airtel and Videocon D2H settop boxes.

But the “news” item carries what amounts to an advertisement for Dish TV, which costs the least, which allows unlimited recording, and which of course is owned by Subhash Chandra, who started DNA in collaboration with Dainik Bhaskar but is now said to be inching closer to taking complete charge.

Link via M.V.J. Kar

Also read: Good morning! Your paper is free of paid news!

Why hasn’t India thrown up a media mogul?

30 December 2011

Indian media houses, promoters and practitioners are gung-ho about foreign direct investment (FDI) in all sectors except the media, under the specious argument that the media is not a “commodity”, etc.

Media barons who justify the worst excesses of modern Indian media under the this-is-what-the-consumer-wants logic, somehow find it convenient to block FDI in media although this is also what the consumer might want.

Raghav Bahl, the founder of the heavily bleeding TV18 network (and reported to be considering a dalliance with Reliance Industries’s Mukesh Ambani), gives the protectionist argument some more air in a supplement brought out by the Indian Express, to explain why India hasn’t thrown up a media mogul:

“In India, thanks to the liberal FDI policies and the high proportion of English language speakers, a Google will come and set up base and then use this to gradually move into local Indian languages. In China, however, a Google can’t enter and you need a Baidu. So a Baidu will get market cap in China, while in India it will be Google or Facebook.

“The inroads global media firms have made in India is good from its citizen’s point of view but when it comes to creating value and scale for a local media firm, this is not good news…

“The largest Indian media firm Zee TV has a market cap of $2.5 billion—thats puny by global standards. Few Indian media firms can, for instance, buy a Newsweek but a Baidu can easily do this. Can I compete with a Google or Facebook? The only other company (other than Zee) to get scale of that sort is Network 18. UTV sold out and no newspaper has really created meaningful scale, But we have a market cap of just $300-400 million even after being the biggest to scale up and we have a very levereaged balance sheet because of this,…

“The short point is that India’s advantages for a thriving media industry will be disadvantageous for the Indian who dreams to become the next media mogul. For such an aspiration, countries with closed media markets, such as China, offer an advantage since this allows local firms to build up the capital base that is essential to becoming a serious player in the technology space, so vital to being a global media firm.”

External reading: Network 18: mega hotch-potch of companies

Also read: What the prime minister told Raghav Bahl

‘If we don’t get it first, why should we want it?’

What Raghav Bahl could learn from Samir Jain

Business journalism or business of journalism?

The endgame is near for TV18 and NDTV

Is this man the new media mogul of India?

Is UPA hitting back at ToI, India Today, DNA?

19 September 2011

There has been plenty of buzz in recent days that the Congress-led UPA government has quietly begun hitting back at the media for the manner in which it has exposed the scams and scandals, and for the proactive manner in which it backed the middle-class led “Arnab Spring”.

There have been rumours, for instance, of the Union information and broadcasting ministry actually proposing a ceiling on the number of minutes a news channel can show a specific news event and so on. Now, as if to show that the messenger is indeed being wilfully targetted, these two stories have emerged in the last two days.

Exhibit A: Nora Chopra‘s item in The Sunday Guardian (above), which talks of the government making things difficult for cross-media groups like The Times of India and India Today.

Exhibit B: DNA editor Aditya Sinha‘s column, in which he links a 10-day stoppage of government advertisements to his “mass-circulating” paper to the paper’s stand in the Anna Hazare episode.

“We advised ad-sales to seek an appointment with I&B minister Ambika Soni. It was a pleasant surprise when the ad-sales executives immediately got a slot to meet the minister.

“Soni was pleasant enough. She told our guys she was unaware of any DAVP action; but in any case the government was rationalizing the flow of ads to English and language newspapers.

“Her body language, according to the ad-sales team, suggested otherwise. And then, during a general chat about the newspaper, she came to the point: she said that DNA ought to look at its coverage over the past few weeks and introspect….

Soni’s statement led us to infer that our Anna Hazare coverage was being punished by a suspension of government ads, and that Soni met our ad executives just to ensure the point was driven home.”

For the record, a point Sinha artfully sidesteps, DNA has been in the government’s crosshairs for an incendiary and imbecilic column written by the Janata Party leader Subramanian Swamy after the July 13 bomb blasts in Bombay.

For the record, DNA is part-owned by Subhash Chandra‘s Zee group, some of whose journalists (present and past) played a key role in the media management of Hazare’s fast.

And, also for the record, Ambika Soni traces her Congress origins to Sanjay Gandhi, whose role in ushering in press censorship during the Emergency in 1975, has been long documented.

Image: courtesy The Sunday Guardian

Read the full piece: Ambika Soni‘s arm-twisting

External reading: DAVP wants balance sheets

Also read: How The Times of India pumped up Team Anna

Is the Indian Express now a pro-establishment newspaper?

The ex-Zee News journalist behind Anna Hazare show

Ex-Star News, ToI journos behind ‘Arnab Spring’

Is the media manufacturing middle-class dissent?

Should media corruption come under Lok Pal?

The ex-Zee journalist in the Anna Hazare show

18 August 2011

The TV and newspaper coverage of the growing anti-corruption movement has been singularly personality-driven.

In fact, it is almost as if there is just one man behind it all—the 74-year-old Anna Hazare—and the four five other civil society members giving him company on the Lokpal joint drafting committee: the lawyers Prashant and Shanti Bhushan, the former top cop Kiran Bedi and the former Supreme Court judge, Santosh Hegde, and the former IRS officer Arvind Kejriwal.

The Indian Express reveals some of the other faces and brains behind the campaign, including that of a former journalist of the Subhash Chandra-owned Zee News—Manish Sisodia–who was arrested alongside Hazare and was the first to come out of Tihar Jail on Tuesday night.

The website of public cause research foundation (of which Kejriwal and Sisodia are founder-members) also lists former TV news reporter Abhinandan Sekhri, who now writes political satire for NDTV shows such as Gustakhi Maaf and The Great Indian Political Tamasha, and Aswathi Muralidharan, a mass communications post-graduate who worked in a business magazine, as being part of the team.

Read the full story: The many faces of team Anna

Also read: ‘Zee News is the only news channel making money’

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