Posts Tagged ‘The Indian Express’

When salary isn’t commensurate with circulation

5 December 2014

The latest issue of Caravan magazine has more than just the story of former Indian Express editor-in-chief, Shekhar Gupta.

There is a fine profile of Eenadu bossman Ramoji Rao, and there are interesting numbers in a data analysis of the big newspapers by howindialives.com.

One of the charts (above) in the latter story is how the country’s biggest, most profitable media house—Bennett, Coleman & Co Ltd—pays its staff.

The numbers show how, of the 81 employees whose 2014 salaries were disclosed to the ministry of corporate affairs by BCCL, only nine of them were of editorial staffers, all the rest being on the business side of the group.

“Even without including the salaries of the group’s proprietors, the Jain family—Samir Jain and Vineet Jain, their mother Indu Jain, Samir’s daughter Trishla Jain and her husband Satyan Gajwani—business salaries still constituted 89.5 per cent of this part of the payroll.”

Through the Shekhar Gupta profile, we learn that The Times of India‘s editorial director JaideepJojoBose earns under Rs 2 crore a year and the paper’s outgoing CEO Ravi Dhariwal earns about Rs 6 crore.

Shekhar Gupta as the CEO and editor-in-chief of The Indian Express earned more than JoJo and Dhariwal put together: over Rs 9 crore per annum.

Asked by Krishn Kaushik, the author of the Caravan profile, Shekhar Gupta says:

“Maybe you have to blame my employers for being too generous. [I decide the salaries of my subordinates] but someone else decides my salary. I work on that basis. And whoever decides has to make a calculation on what he’s getting, and if he’s being overly generous then it’s a question for him, not me. My job is to earn money, work as hard as I can and pay taxes.”

For the record, The Indian Express claimed a 2013 circulation of 400,000 copies before the Registrar of Newspapers in India (RNI) and TOI declared over 4,700,000 copies.

Also read: 18 factoids from Caravan profile of Shekhar Gupta

18 factoids in ‘Caravan’ profile of Shekhar Gupta

1 December 2014

shekhar The December “media issue” of Caravan magazine has a 20-page profile of former Indian Express editor-in-chief and shortlived India Today editor-in-chief Shekhar Gupta.

Authored by Krishn Kaushik, the profile is titled “Capital Reporter”, with the strapline “How profit and principle shaped the journalism of Shekhar Gupta”.

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# The son of a minor bureaucrat from Haryana, Shekhar Gupta‘s annual salary at The Indian Express sometimes exceeded Rs 10 crore ($1.6 million) per year. Current chief editor Raj Kamal Jha got Rs 1.25 crore, Jaideep “Jojo” Bose of The Times of India was paid under Rs 2 crore.

# Shekhar Gupta made Rs 36.67 crore in “capital gains” in 2009-10, through the demerger of the Indian Express‘s real estate wing and the newspapers, which resulted in the sale of the iconic Express Towers at Nariman Point in Bombay.

# Gupta is not too bothered with his exit from The Indian Express or his even hurried exit from India Today: “Look, I am a bit of a big fish right now for these factors to bother me now.”

# A senior television journalist is quoted as saying: “He is a social terrorist. He will look at you for five seconds, then look at the next person coming in.” Congressman Mani Shankar Aiyar says Gupta once “cut me dead and walked away” at a party.

# Paranjoy Guha Thakurta: “He looks down upon you [if you are unable to make use of the opportunities the free market throws up, work hard and make it to the top].”

# After interviewing over 50 people, the reporter Krishn Kaushik writes that “detractors of the ‘Shekhar Gupta phenomenon’ contended that Gupta’s wealth compromised the “Journalism of Courage” he promoted at the Indian Express.

# Gupta categorically says: “Nobody can ever find a paisa which will be a surprise to my taxman or to any of my employers.”

# Fallen Tehelka editor Tarun J. Tejpal who is quoted several times in the story, says: “If in reviving the Express he made money, not just the lala, I don’t know what the problem is.”

# When an Indian Express report on the alleged violations in the acqusition of land for Reliance Industries chief Mukesh Ambani‘s Antilla tower was to appear in the Bombay edition, he called resident editor Samar Halarnkar “from a train in Italy” although in fairness, he did not block the story.

# Krishn Kaushik writes that at least half-a-dozen current and former members of the Express news team gave the reporter “specific instances” of stories being killed, allegedly without discussion with those reporting them—stories that went against a top industrialist, a cabinet minister, a real-estate group.

# One journalist described how Gupta once had him debrief a foreign government agency, which seemed irrelevant to any of the stories he was working on.

# Former Union home and finance minister P. Chidambaram was the ‘holy cow’ in the Express newsroom. “You could not criticise him.” The Express staff “sort of had the feeling that the Ambanis were untouchable.”

# Around the time Shekhar Gupta became CEO of Express, a gentleman called B.S. Raman would come to Express Towers in Bombay for a few hours every day from the nearby Reliance Industries’ office at Maker Chambers. Raman tells the reporter he was asked by his office to help Viveck Goenka‘s company.

# A Express staffer told the reporter that the C-story  “The January night Raisina Hill was spooked” had been pushed by P. Chidambaram, who was then the home minister, and Nehchal Sandhu, then the director of the intelligence bureau.

# Kaushik writes that Chidambaram pushed for Shekhar Gupta to be nominated to the Rajya Sabha in 2009, which was eventually given to former Tribune, Express, TOI and Hindustan Tims editor, H.K. Dua. However, both Gupta and Chidambaram deny the claim.

# “Ashutosh Rais” was the pen name of former Business Standard editor T.N. Ninan, for pieces which he wrote for Democratic World, where Shekhar Gupta held his first formal journalism job as an assistant editor.

# Shekhar Gupta had been in touch with Aroon Purie of India Today from around the time he relinquished the CEO role at The Indian Express in August 2013.

# Gupta’s mentor Arun Shourie said the jump to India Today as vice-chairman and editor-in-chief was a mismatch: “Yeh shaadi galat ho gayi hai.”

Anant Goenka, the son of Viveck Goenka who heads Express‘ online push and whose arrival in 2010 is widely seen as propelling Shekhar Gupta’s exit, did not speak to the Caravan reporter, saying he did not want to discuss an “ex-employee.”

Also read: Shekhar Gupta gives up his managerial role

To all Express employees. From: Shekhar Gupta

From Viveck Goenka. To: Indian Express employees

The Indian Express, Shekhar Gupta, Gen V.K. Singh

The Indian Express, Reliance and Shekhar Gupta

Indian Express, India Today teach NYT a lesson

4 June 2014

To say that the Indian media is in a tizzy of seismic proportions would qualify as the understatement of the year. So far.

Editors are quitting, being sacked, or finding ever new ways of being quietly eased out. Promoters are exiting their dream projects after acquiescing to giant business houses. Reporters are making discreet enquiries. Etcetera.

Still, in the midst of all the bloodbath, there has been a palpable sense of grace in the manner in which Shekhar Gupta, editor-in-chief of the Indian Express has been sent off by his organisation, and the manner in which he has been welcomed to his new port of calling, the India Today group.

Despite Gupta’s exit being in the air for nearly a year, the Express went out of its way to promote his new book, and Express chairman Viveck Goenka (to whom Gupta dedicated his collection of columns) was at hand at the book’s launch. Gupta’s last columns for the paper have been given pride of place on page one.

Goenka’s graceful letter below announcing Gupta’s exit—and Aroon Purie‘s dignified letter welcoming him back into the fold—are a lesson, in an era when even the supposedly great New York Times removed the name of its first woman editor Jill Abramson in a matter of hours.

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EXHIBIT A: VIVECK GOENKA, Chairman, The Indian Express

My dear colleagues

With much regret, I accept Shekhar Gupta’s resignation as Editor-in-Chief of The Indian Express. I truly​ appreciate his letter to all of us and I wish him the very best.

Shekhar leaves on June 15, just a year short of his 20 years here — another moment of transition in the long history of this ​great institution.

When I chose him for the position of Editor​ in 1995, I was taking no leap in the dark. I was absolutely convinced that Shekhar, then 38, was the best person to guide this newspaper into the future. And I feel more than vindicated today.

So many news breaks (I have happily lost count) delivered by the finest reporters, editors, sub editors, designers and photographers, a team I am very proud of,  team which is the envy of every newspaper publisher: three International Press Institute Awards for Excellence in Journalism; the most questioning opinion section in the business and the most generous, too, given how it welcomes dissenting voices; a renewal of talent each year by the youngest and the brightest from our campuses – Shekhar leaves the newspaper stronger than ever.

Key to each one of these achievements has been the consistently stellar work of the Express team under the leadership of Editor Raj Kamal Jha.

Raj’s leadership is grounded in his commitment to professional excellence and uncompromising integrity. He brings to the newsroom creativity, clarity and depth, three qualities increasingly rare in our business. This not only inspires his colleagues, it powers them to realize their best potential.

Raj could not have a stronger partner in the newsroom than Managing Editor Unni Rajen Shanker.

Unni has been a reporter, an Editor, a Resident Editor (Mumbai) and Editor of the Express News Service. He brings to his leadership a deep understanding of all the different roles in the changing newsroom and an unrivalled sense of fairness and empathy. It’s this that enables him attract the finest talent and then nurture them. Unni is one of the pillars of the Express.

Since they joined in 1996, both have steered change and are, therefore, ideally placed to help guide the paper into the future. That is why, to facilitate a seamless transition, I am proud to repose my faith in them and redesignate them for their new roles.

Raj will be Chief Editor and will report to me. Unni will be Editor.

I look forward to working closely with them. They will find me every bit as supportive as all their predecessors, including Shekhar did, as we plan and implement exciting new upgrades to all our news brands.

There is​ work to do.

We have witnessed a remarkable election and an even​ more remarkable victory that bring with it challenges for all of us in the news business whose mission is to question, to report, to interpret and to analyse.

I firmly believe and, more so, given the changes in the media landscape, that these are challenges best suited for The Indian Express given how strongly independence and courage are wired in our ​genes​.

I believe that the present news media environment in India offers us an opportunity to rededicate ourselves to what we do best: faithful and courageous journalism.

With all the shrill voices on TV, the paid news in print and the corporate funded or politician backed news organizations, The Indian Express must be the voice India can turn to and trust.

Speaking truth to power is hard wired in the genes of our editorial teams. The “Express” commitment to this legacy, mine and that of the future generation, will certainly endure. The newsroom is and will be the most sacred space in our institution.

I am committed to raising the bar and instilling a fresh new energy in our editorial teams. In addition to revamped content, I  look forward to closely integrating all our news operating systems because our growth is now across platforms. This​ was evident last month, during Verdict 2014.

We had print editions that were reported and produced to the finest standards and a digital edition that broke all our records with over 52 million page views, more than 100,000 active users for eight hours, a live video news stream from the Express newsroom, all of this making us among the five most visited news sites in the country.

Looking ahead, that’s the road we take. Not only reporting the news first but also being the first to understand it and​ question its assumptions. This means better stories, better analyses, better pictures, better everything and ensuring that The Indian Express journalism of courage reaches the reader wherever she is, whenever she wants it, whichever device she wants to receive it on.

Shekhar, whether he is at the Express or not, will always be a part of this journey.​ For, he leaves us with a sense of determination and purpose. And a wonderful tool-kit of ideas and values that we will use and keep adding to.

Please join me in wishing him, once again, the best of luck as he scales what I am sure will be a new professional summit.

And, Raj and Unni, let us​  get to work. I wish you and your teams my very best.

Best always

Viveck Goenka

***

EXHIBIT B: AROON PURIE, Chairman, India Today group

Dear Colleagues

I am delighted to announce the appointment of Shekhar Gupta as Vice Chairman and Editor-in-Chief of all news properties of the India Today Group. It includes all our news and business publications, news TV brands and all related news and business digital brands. This comes into effect July 1, 2014.

This is a homecoming for Shekhar. He joined India Today in 1983 and was here for 12 eventful years during which he was an outstanding journalist. He broke many exclusive stories and covered world changing international events like the fall of the Soviet Union, the first Gulf War, Afghan Jehad and the Tiananmen Square uprising.

In 1995, he took charge of The Indian Express group steering it into a position of editorial leadership and financial strength.

Shekhar is a reporter’s Editor, thinker, author, mentor and active on the international speaking circuit. He typically is an “all sleeves rolled up” hands-on professional who not only leads from the front but works collaboratively and believes in action.

He literally “Walks the Talk”! He is highly regarded  in the profession for his integrity independence and knowledge. That’s why he attracts, inspires and builds fine talent.

As I mentioned in my Founders Day speech I would like us to be the best media group in every which way by our 40th birthday which is two years from now. I believe Shekhar joining us would be a force multiplier in achieving this goal.

He will report to me and will be responsible for the editorial quality of all our news and business brands, and our overall expansion and profitability. He will work closely with Ashish Bagga, Group CEO, and enable him to effectively grow the readership and viewership of our brands, profitably.

Anil Mehra will step down as Vice-Chairman but will continue as consultant to advise the Group on matters of strategic importance.

At a personal level, Shekhar’s return is a moment of deep satisfaction and vindication of my belief, our shared belief, in the power of good journalism to reveal and to inform, to question the unquestioned, to help make sense of the noise rather than to add to it.

We need to work relentlessly to prove our essential belief that there is no contradiction between good journalism and the marketplace.

I have always believed: create good content and money will follow. That will be the principle behind another project that I greatly look forward to with Shekhar’s arrival: the launch of some new editorial offerings that will uniquely blend the best of reporting and analysis.

In his new role, Shekhar has promised to liberate me from day-to-day operations so that I can work to guiding the group into a future of great promise, growth and excitement.

Shekhar, welcome back.

Aroon

***

Also read: An Aroon Purie tribute worthy of emulation

Aroon Purie: how to say goodbye to a departing editor

Shekhar Gupta’s farewell letter to Express staff

2 June 2014
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Shekhar Gupta, left, holds up a drawing by illustrator Prakash Shetty, after addressing the editorial staff of the Bangalore-based newspapers Praja Vani and Deccan Herald, last week

The following is the full text of the letter sent by Shekhar Gupta, editor-in-chief of The Indian Express, to his colleagues, announcing his exit from the paper he helmed for 19 years.

Gupta’s resignation as editor comes 10 months after he relinquished his corporate duties as CEO at the paper—and a week after the Narendra Modi-led BJP government came to power in the 2014 general elections.

Gupta’s no.2 Raj Kamal Jha had been elevated as editor of Express in the middle of 2013.

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Goodbye notes can be heartwarming or heartbreaking. On a rare occasion they can be both. This is one such.

It is time for me to say goodbyes at the Express — for the second time. The first was exactly at the same time of the year in 1983 when most of you were not born yet.

I say goodbye now with joy because I leave behind a wonderfully vibrant newsroom with very good hands of home-grown leaders. And a newspaper that defines its value and power in terms of its depth, credibility and respect. There is no higher currency, no fairer denominator of a newspaper’s stature.

And also a wrench precisely because we are such a fun gang, topped by a large-hearted proprietor who pretty much distributes all that the company earns back to us. As generous compensations, great working conditions, never a resource spared in pursuit of a story. No call ever to kill a story once it passes our highest and the most exacting editorial bars and filters.

I can do no better than paraphrase what Gen Krishnaswamy Sundarji, my friend and mentor in an area of journalism that fascinated me, had said at his farewell parade when cameras caught a hint of mist in his ever-smiling eyes.

He said he didn’t know whether to sob or smile. Because he was leaving behind the world’s finest army that God gave any human the gift of leading.

There isn’t a daily newspaper in India greater than the Express. Or a greater gift that a journalist can ask for than to lead it.

I have been doubly blessed. I started at the same paper as a reporter in 1977 and worked here for a full 25 years in two innings.

Leadership is its own teacher. In fact, the finest. It gives you an opportunity to learn from the many brilliant people that you have been given the honour to lead. I know, many of you by now would be tired of my three-example rule in editorial writing. Yet, here are my three leadership lessons.

First, you must have a big heart. You can be a competent manager, a powerful boss, the wealthiest owner. But never a leader without a big heart. Because there is an essential moral dimension to leadership.

Second, always connect with the universe of those you lead. In our case, it is exhilarating as, across our teams, we trawl the worlds of politics, government, economics, science, culture, cinema and sports. Even markets and advertising, our roti-dal and EMIs.

And third, find that instinct to choose the most talented and diligent, give them space, and then trust them. I confess this defies conventional logic. Or advice on your usual leadership manual’s back-flap. But trust with your heart and not merely, clinically with your head. This is the one gift I take away from Viveck through a two-decade professional relationship, and a friendship that endures.

This concludes my farewell sermon. So back to myself.

When life becomes cosy for too long, you need to disrupt it. Smugness is the beginning of old age, even if you are in your teens, which I, regrettably, am not.

I am embarrassed to lean on the wisdom of Neale Donald Walsh, a contemporary pop-spiritualist/philosopher so juvenile that had he been born in India, he would be a star on Aastha channel with his nutty Conversations with God. Life, he said, begins at the end of your comfort zone. I am checking him out.

In any case, I am an incorrigible reporter and thereby a terminal adventure junkie. By the way, even at the risk of being charged with crass tribalism, I shall write something more specifically for my fellow reporters at the Express. But a bit later.

I had said at my book release by Arun Shourie in Mumbai earlier this month that he taught me many things, but never to write anything short, an article, a letter, even a farewell note. So I can continue to indulge myself today as well. But you have to bring out tomorrow’s paper.

And I must write my first in this series — my last at the Express — of First Person/Second Draft — on time. Heard that before?

I so love you all, friends, colleagues, much younger, brighter and with a great future. I am proud of you and cherish the time we spent together. I will be generally in my office until June 15. There is a fair bit of pending writing. So please be forewarned: you will still have to endure the corridor addas on my compulsive breaks from spells of writing, bare feet and all.

Postscript: One antidote to compulsive rambling is to steal a poet’s lines. Let me sign off, therefore, with Gulzar, whom we all so adore…

Din dhale jahan, raat paas ho,
Zindagi ki lau, oonchi kar chalo,
Yaad aaye gar kabhi, jee udaas ho,
Meri awaz hi pehchan hai,
Gar yaad rahe…

We will always be in touch….

Shekhar

***

Photograph: courtesy K.S.N. Kumar

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Also read: Shekhar Gupta gives up his managerial role

To all Express employees. From: Shekhar Gupta

From Viveck Goenka. To: Indian Express employees

The Indian Express, Shekhar Gupta, Gen V.K. Singh

Shekhar Gupta dedicates book to Viveck Goenka

16 April 2014

sgfirst      sg

Indian Express editor-in-chief Shekhar Gupta‘s much-awaited book, Anticipating India, a compilation of his Saturday columns, has seen a change of cover.

At left is the original cover, with the tagline “If Modi wins on Sunday”. At right, is the actual book jacket, with the tagline now reading “The best of National Interest”.

The 516-page book, published by Harper Collins, is dedicated to Viveck Goenka, the chairman of the Indian Express and the grandson of Ramnath Goenka.

“For Viveck Goenka, ninetten years, 900 columns and not one call to ask ‘why’. If you find more newspaper owners like him, please do exchange notes with me.”

The book is also dedicated to his children Mandakini Gupta and Abhimanyu Gupta and their respective spouses, the “four points of my compass”.

The sleeve notes records this line about the author:

“A proud father of a pastry chef in Delhi and a mathematical economist in London, Gupta lives in New Delhi with his wife—and the company of an adorable family of dogs and cats whom you would call stray at your own peril.”

Also read: You have read the column, now read the book

From Viveck Goenka. To: Indian Express employees

Can the Indian media ask Modi tough questions?

3 April 2014

Interviews of Narendra Modi are like city buses. There is not one for ages, and then two come along at the same time.

The first with the journalist-academic and undisguised Modi shill, Madhu Kishwar, for India News and NewsX; and the other for the Mukesh Ambani-owned ETV Rajasthan.

In the Indian Express, Shailaja Bajpai compares the Modi powwows with Rahul Gandhi‘s faceoff with Arnab Goswami for Times Now:

“The media is either unwilling or unable to ask Modi penetrative questions. In these two interviews, he swatted away softball questions with a hard bat. Perhaps he only agreed to be interviewed on condition that he not be asked uncomfortable questions.

“If you compare this interview with Rahul’s on Times Now, the contrast is stark: Rahul was asked at least some hard-hitting questions, cornered on issues like the 1984 Sikh riots, although he was allowed to have his say on his pet themes.

“In Modi’s case, he simply had his way throughout. Not once was anything he said challenged. It made for poor TV. If he continues to give soft interviews, they will be viewed as plugs for him — another strategy in the marketing of Modi.”

Read the full review: How Modi faced the nation

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Also read: Is Modi media biased against Rahul Gandhi?

 How Narendra Modi buys media through PR

Has a ‘desperate party’ paid huge sums to TV?

Modi‘s backers and media owners have converged’

‘Network18′s multimedia Modi feat, a promo’

On TV, Congress loses to BJP, Left to AAP

Is “Modi Media” paving the way for soft Fascism?

Signature campaign against CSDS election tracker

You have read the column, now read the book

18 March 2014

shekhar

When he began a new column titled “First person, Second draft” in September 2013, Indian Express editor-in-chief Shekhar Gupta acknowledged that the Hindi film Madras Cafe, directed by Shoojit Sircar, on the hunt for the killers of former prime minister Rajiv Gandhi, was somewhat of an inspiration.

Gupta wrote in the inaugural issue of the column:

“Because he [Sircar] has given me that nudge to start putting together a reporter’s memoir of sorts.

“Publishers have often approached me to write one, and I have routinely fobbed them off with a permanent, lazy journalist’s excuse: editors write books between jobs.

“That hasn’t come to pass, nor is it likely to anytime soon.”

He underlined the point further in a subsequent column:

“I had said last month while explaining this new series: that when publishers ask me to write a book, or more specifically, a memoir of my years as a reporter, my standard excuse is, editors write books between jobs.

“And since that wasn’t on the cards any time soon, I thought I might start putting together these first person accounts on the 20 or so big stories I had covered as a reporter, to add up to a memoir some day.”

Barely six months later (and still happily in his job), that time has come to pass, somewhat.

A compilation of Gupta’s compelling Saturday column ‘National Interest‘ is soon forthcoming from Harper Collins. Titled ‘If Modi wins on Sunday‘, the 480-page book captures the column that has now been running for 17 years.

The book is not Gupta’s memoirs, but its title is a tantalising throwback to a 2007 column, when the Gujarat chief minister was facing his second assembly election.

In that column, Shekhar Gupta recalled that in 2002 when he presciently wrote that if Modi won, he would alter the character of national politics turning the the next general election into a Sonia versus Modi contest, the late BJP leader Pramod Mahajan had called him on the phone.

“What’s this, boss, what kind of nonsense are you writing?” he said.

“What do you mean by saying Sonia versus Modi in the next general elections? Have we all disappeared? Do we all wear bangles? You think we have spent decades in politics to now hand it all over to somebody who walks in through the backdoor?”

For the record, the results of the 2014 general election will be declared on Friday.

Also, for the record, this is the second book with a Shekhar Gupta byline. The first was India redefines its role, published in 2005.

Order the book here: If Modi wins on Sunday

Operation Rajnikant: starring Samir & Vineet Jain

13 March 2014

480

There are 12 media personalities in the Indian Express list of the most powerful Indians in 2014—“ie 100″—for 2014, but 10 of them are proprietors, only one is a journalist and the other is a former journalist.

As usual, the most interesting part of the prospective list are the factoids accompanying the profiles.

# 19, Mukesh Ambani, Network 18: Mumbai Indians player Dwayne Bravo calls him ‘Madam Boss’s husband’ (after Nita Ambani)

# 21, Jagan Mohan Reddy, Sakshi TV: He has a personal videographer who records every moment of his public life

# 38, Anil Ambani, Bloomberg TV: He has been a teetotaller except for one swig of champange at his wedding to Tina.

# 51, Samir Jain and Vineet Jain, The Times group: Last year, as part of their cost-cutting initiatives, they launched what they called Operation Rajnikant and Operation Dark Knight in which they set such impossible targets for employees that only a Rajnikant or a Dark Knight was likely to achieve them.

# 52, Mahendra Mohan Gupta and Sanjay Gupta, Dainik Jagran: Their annual chaat parties are a hit, something to look forward to.

# 56, Kumar Mangalam Birla, India Today group: He quit from the RBI central board to avoid conflict of interest with his banking license application.

# 68, Shobhana Bhartia, chairperson, Hindustan Times group: She speaks fluent Bengali and also reads the language. Every morning, a Bengali newspaper comes to her for her to read.

# 72, Aveek Sarkar, editor-in-chief, Ananda Bazaar Patrika group: Sarkar is a regular at the Wimbledon every year

# 80, Arnab Goswami, editor-in-chief, Times Now: He is India’s most famous Assamese by a long way

# 87, Uday Shankar, CEO, Star TV: A JNU alumnus, he started as a journalist with Down to Earth magazine from CSE

Among the 27 exiting from the 2013 list are press council chairman Markandey Katju and Sun TV boss Kalanidhi Maran.

***

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

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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

 

Shekhar Gupta storms into India Today power list

The media Marwari who’s a ‘proper Tam-Brahm’

8 March 2014

goenka

After a long period away from the arclights, Viveck Goenka, the scion of one of India’s most influential newspapers, The Indian Express, is slowly bouncing into the main frame.

He is now playing an increasingly hand’s-on role at his own paper, making key decisions; is seen at media events, is making his presence felt on industry bodies—and is starting to give interviews.

In his first formal powwow in 20 years, in a special issue on Marwaris in the business magazine Forbes India, the chairman of the Express group, talks fondly of his grandfather, the late Ramnath Goenka, and even poses with his son Anant Goenka in a photograph (above) in the paper’s presses.

Viveck Goenka tells Forbes India:

# “Ramnathji taught us never to compromise on editorial values and freedom… to be fearless and not to be aligned to any political party. I have had a whole lot of people threatening me.”

# “There was one thing clear about Ramnathji. ‘If I have an end-goal, I don’t care how I reach that…’ I agree with him but not everyone does.”

# “I see myself as a proper Tamilian Brahmin [Goenka grew up in Tamil Nadu], that’s my upbringing.”

***

The chairperson and editorial director of Hindustan Times, Shobhana Bhartia; Subhash Chandra and his son Punit Goenka of Zee; Gulab Kothari and his sons Nihar Kothari and Siddharth Kothari of Rajasthan Patrika, are the other media Marwaris featured.

The interviews give an inside view of the austere and conservative business and management ethic of the original media Marwaris, which later generations are eagerly dismantling.

# Shobhana Bhartia: “When we started innovative advertisements, my father [K.K. Birla] was taken aback. ‘No, we can’t do this. You can’t affect page one, can’t place something in the middle of it.’ I can understand that his generation was not used to these things. He felt colour pages would be more like a comic book.”

# Anant Goenka: “[As a Marwari, I have] an inherent drive to spend wisely and to build wealth. Whether large or small, [the 2,500 sq ft bachelor pad he bought after running up hefty hotel bills] is our own. It’s a Marwari thing. We are obsessed with appreciation.”

# Punit Goenka: “It is clear that we are in the business to make money; we are not here for charity or for building power or influence.”

# Gulab Kothari: “If you borrow money for growth, I believe you can’t reverse that decision. The question is, do I give my children 100 per cent of the business or leave them to deal with an outsider who I sold a stake to? My view is, expand less and gradually… we don’t need to jump the gun by taking debt.”

The Marwaris who own The Times of India group, Dainik Bhaskar and Dainik Jagran “did not participate in the story or were not available”.

Photograph: courtesy Forbes India

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Amartya Sen on leaks, plants and Indian Express

25 February 2014

It ain’t over till the economist sings.

First, there was a report in The Indian Express on 18 February, headlined “Amartya Sen threatens to quit Nalanda University over funds’ queries.”

“At its crux is a massive Rs 2,727 crore financial package to the University over a period of 12 years. The finance ministry’s department of expenditure has asked the ministry of external affairs, the nodal agency for the project, the reasons why government rules should not apply to the project.”

The following day, the Nobel laureate responded in the columns of the paper.

“The Indian public is used to bad reporting in newspapers., but your report on Nalanda University goes beyond bad reporting to dishing out falsehoods. Without even talking to the person whose intentions are being reported (an odd violation of professional journalism by one of India’s leading papers), your reporter comments on my alleged intention—or threat—to resign, which is quite untrue….”

The reporter, Pranab Dhal Samanta, responded this:

“This news report was based on information which is a part of the government’s record, where Amartya Sen is recorded as having threatened to resign. This is available with the ministry of external affairs….”

Now, in an interview to The Telegraph, Calcutta, on 24 February, Sen weighs in again in response to the first question hurled at him:

There was a controversy over a report that you are resigning from the Nalanda board as its chancellor — something you have subsequently denied.

Amartya Sen: Not subsequently. I never threatened to resign. There’s a distinction between something which is called a “leak”, information which you are not meant to share.

And, there’s something called a “plant”, that’s a misinformation that is sent around.

In this case, it was a “plant”, not a “leak”. Somebody in the ministry of external affairs (MEA), a senior civil servant, who talked to some people completely made up the story.

Image: courtesy Nalanda University

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