Posts Tagged ‘Viveck Goenka’

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.

***

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

***

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

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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

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

8 March 2014

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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

Also readWhen Samir served a thali, Vineet served a scoop

‘Zee is the only news channel making money’

From: Viveck Goenka. To: Express employees

30 August 2013

mr-vivek-goenka-cmd-indian-express-group-with-his-1934-packard-tourer-at-cartier-travel-with-style-preview-photo-18_640x480The following is the full text of the email sent by Indian Express chairman Viveck Goenka, announcing the re-entry of George Varghese into the group as CEO, after editor-in-chief Shekhar Gupta relinquished his managerial responsibilities with effect from Krishna Janmashtami:

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Dear All,

You must have all read Shekhar’s mail of 26th August.

I have always admired Shekhar’s leadership, commitment, acumen and foresight and am proud to say that today, the Express is a lean and efficient company, thriving in a challenging environment. We have created a strong space for ourselves that I now hope to grow.

This is the first of what I hope will be many communications from me to all of you. This one is to introduce to you, George Varghese, whom some of you may remember. He joined the Express very early in his career, where he headed marketing and circulation. He then went on to do stints at Hughes Telecom, Reliance Infocomm and KEC International. I have known him for many years and have admired his energy, thoroughness and professionalism. George will be our new Chief Executive Officer.

All department heads other than editorial and the innovations team will report in to him with immediate effect.

For me, the ideal business model has always been good journalism allied with a robust top and bottom line. I take pride in the fact that this company has never declared a dividend. Whatever money we make goes back into the paper and to the cause of high-quality and empowering journalism.

All of you have worked at the Express with an admirable sense of commitment and purpose and I am sure you will continue to do so.

Consequently, the transition from Shekhar going back to an editorial role will be seamless. Shekhar will continue to shape the public discourse through the pages of The Indian Express and The Financial Express. He is, to my mind, one of the finest editors India has produced. I hired him as our Editor when he was all of 38 years of age and I am proud of the result.

News media is facing a time of enormous change but I believe that this is also a time of enormous possibility, especially with the new audiences the internet brings to our content. While the old certainties may be gone, the values of the Express—integrity, courage and the relentless pursuit of the truth—are immutable. These values and my commitment to the independence of the Express will never change.

With best wishes,

Viveck Goenka

***

Photograph: courtesy Zig Wheels

Also read: Shekhar Gupta gives up his managerial role

To all Express employees. From: Shekhar Gupta

Shekhar Gupta gives up charge as Express CEO

27 August 2013

Below is the full text of the “global” email shot off by Indian Express editor-in-chief Shekhar Gupta on Monday, August 26, in which he formally announces his decision to relinquish his managerial functions at the newspaper group.

***

Dear All,

Looking at the flurry of communication from me over the past few weeks, mainly on corporate and business issues, some of you may have wondered what was going on. This is particularly because it hasn’t been my method to write “dear all” mails often.

Or, more likely, that I am too lazy to be doing so.

Those of you in the New Delhi newsroom know this well, since you see me pacing up and down every Friday evening, wrestling with those 1200 words for National Interest, and in the dread of delaying City-I once again.

So here is the story.

This series of mails was by way of completing a great deal of unfinished business. All of you know what a procrastinator I am. So everything that can be put off till the last moment, is put off. Or, as we like to say in cliched journalism, put on the backburner. Until a deadline takes away the excuses.

The deadline we had given ourselves was end of August (and on a personal note, August 26, my 56th birthday). And both ways we are getting there now. Hence, this note.

***

As you may have seen from my earlier communication, as also the buzz in the market, our company is now in an unprecedentedly robust shape.

We have already had six stellar quarters and, on all evidence as I track revenue figures for this month and the projections for September, are heading for an even better seventh. Businesses have to now work in this brutal QSQT (Quarter-se-Quarter-Tak) environment. And it is a truly brilliant achievement on the part of our various teams given the mayhem in media markets.

We are today acknowledged to be one of the soundest news media companies within-our-size category. And no, we never do paid news, or stretch any of the First Principles of Journalism.

Never.

The truth is, it is overly simplistic to say, that we have a Chinese wall between marketing and editorial. We have never needed one. Because it is our colleagues in sales and marketing who have protected our editorial integrity with as much zeal and commitment as us journalists.

And yet, we have built such a fine company. It vindicates our belief, our founder’s and our CMD Viveck Goenka‘s, that there is no contradiction between good journalism and the market.

This is why, I believe, and can say with great satisfaction, that my job on the corporate side is now done.

***

It was in an unusual set of circumstances, and at a critical juncture in the history of our company, that Viveck had asked me to take over the additional responsibility of overseeing the management.

Those unusual circumstances, or any sense of imminent crisis, no longer exist.

From those perilous years, the company has now been nursed into great health.

Credit for this goes to all of you, but most of all to Viveck.

My profound gratitude is also owed to him for placing his trust in me to handle a responsibility I had no skills or training for. It is a perfect time, therefore, for me, to hand over a flourishing company back to Viveck, now that he has the time to take over the management.

And since you can always trust him to pick the most auspicious day in the calendar, he has chosen, for the new arrangement, August 28, Janmashtami.

***

We will share more details with you in the course of time. I am pleased to also inform you, meanwhile, about the return of another Express Group veteran, George Varghese, as the Company’s CEO, to assist Viveck who will be fully hands-on.

Given where the company has reached now, I believe that we need a more structured and formally organized corporate leadership to build on the wonderful platform all of you have created. That is precisely what we will get now. George is a wonderful professional and old-timers among us remember him fondly.

Please join me in wishing him, and Viveck well.

Since I am a story-teller by profession, though, I can’t help but tell you one here. When Viveck asked me to take over this additional charge one winter afternoon, I was petrified. I did not even know debit from credit and thought an RO, our daily bread-giving advertisement Release Order, was some water purifying system.

So I excused myself for a minute, went outside, and called T.N. Ninan, my friend and former editor whose counsel I have sometimes sought with such dilemmas and who has himself done a fine job of balancing edit and business leadership.

He gave me a bunch of quick suggestions and then concluded, in his usual grave tone: but be careful so-and-so…people should not say that a journalist took over a publishing business and made a mess of it.

If I have no such concerns now, it is entirely because of the motivation, talent, commitment and trust that all of you have shown, often surprising even the thick-skinned me with your resilience and optimism.

***

A couple more thoughts. Besides a consistently decent bottomline, we had also set ourselves stiff targets on improving our working conditions, technologies and, of course, compensations. All of you have contributed to turning into reality what had then looked like an impossibility.

We routinely have media websites wondering how we manage to have such nice offices and pay ourselves so well.

Our answer: go check our balance sheets. So thank you all once again for so energetically putting your shoulder to the wheel, even overlooking the unusual fact that I was such a novice to business. And nor did I carry a corporate title, or any title other than the old-fashioned Group Editor-In-Chief.

Which is how I will be working full-time henceforth. Besides all editorial teams (except Loksatta), our tiny but super-productive brand, innovation, archive and CSR teams will continue working with me. I also hope to be able to find more time to build EXIMS, our media school, which is a labour of love.

I will soon be speaking with the team heads individually and answering any questions they might have. I will be fully helping out with transition on the corporate side. Meanwhile, please make sure nothing falls between the cracks. We must maintain total continuity.

If confused, send communication, clearances etc to me with copy to Kumar Gyanam and we will either give you the answers, or be good postmen and redirect you to the correct addressees.

Yet again, before I sign off for the day, thanks and all the best. In any case, I am always around, and accessible and just as chaotically so — as before.

Shekhar Gupta

Editor-in-Chief

Photograph: courtesy Impact

Also read: To all Express employees, from the editor

A new paper in India’s most crowded market

15 August 2013

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With the South-based New Indian Express group of Manoj Kumar Sonthalia entering the Delhi market with the Sunday Standard, the North-based Indian Express group of Viveck Goenka has returned the favour by entering the Bangalore market with the National Standard.

The 20-page daily, priced at Rs 4, has been launched on Independence Day with a near identical pagination as the main paper in Delhi, but with a strong component of national news, a key blank in the existing newspapers in Bangalore.

Writes Express editor-in-chief Shekhar Gupta in the launch issue of National Standard:

“We will work to translate the news—and noise—of New Delhi to help you understand how it affects life in the city…. As a newspaper, National Standard will strive to be as complete as Bangalore’s bisi bele baath, that delicious mix of rice, lentils and vegetables.”

After the split in the Indian Express group following Ramnath Goenka‘s demise in the mid-1990s, his adopted son Viveck Goenka got the Express editions in the North, West and East, and Financial Express, which had no geographical boundaries.

The southern editions went to Manoj Sonthalia, who relaunched the publications in the South and Orissa as The New Indian Express. (Manoj Sonthalia’s mother and Viveck Goenka’s mother are sisters.)

(Ramnath Goenka’s daughter-in-law Saroj Goenka (Goenka’s biological son B.D. Goenka had predeceased him), got the lion’s share of the group’s real estate, including the Express building on Bahadur Shah Zafar Marg and Express estate in Madras, on a portion of which she has built that city’s biggest mall, Express Avenue.)

The Manoj Sonthalia and Viveck Goenka groups had an agreement not to step on each other’s turfs, which was broken with the launch of Sunday Standard under Prabhu Chawla. The northern group took the matter to court but in vain.

For the record, The Times of India is the market leader in India’s most crowded English newspaper market, Bangalore, with a circulation said to be at least two times more than no.2 placed Deccan Herald .

The New Indian Express, The Hindu, Deccan Chronicle, DNA, are all also-rans. The National Standard is printed at the DNA‘s press in Bangalore.

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‘Shekhar Gupta has done a fantastic job at IE’

9 July 2013

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A new son rises in the west. Anant Goenka, the scion of the Indian Express (Bombay) group of Viveck Goenka, and the grandson of Ramnath Goenka, has given an interview to the Mint on the digital future he has envisioned for the paper.

The 27-year-old talks about his father’s superstitions, about growing up in a house in Nariman Point with a press in the basement, of the ravages caused to what was once India’s largest newspaper group by the split in the family in the mid-1990s—and of the fine job done by its current editor-in-chief Shekhar Gupta in restoring some of its lost lustre.

When did you realize you were interested in the newspaper business?

I always loved it. There are photographs of Ramnath-ji taking me to the press at a very young age. The press was in my house, it was in the basement of the Express Towers (in Mumbai), so every night I would always take a walk down with dad or mom.

I’ve always had a lot of love, passion and affection for Express because of the kind of stories that you hear about it, kind of change it’s made with the Emergency stories. It’s too inspiring to be able to walk away from. It’s always been something that I wanted to do….

What kind of relationship do you share with the editor?

I think Shekhar (Gupta) has done a fantastic job with Express.

If you look at the last 13 years, we have had some really rough patches. I think ever since the family fight, and ever since Express was split three ways, it really cost the group. Real estate, what is worth about a billion dollars now, went to Ramnathj-ji’s daughter-in-law, Saroj Goenka. Manoj Kumar Sonthalia, my uncle, got The Indian Express in the south.

We had to let go of Express Towers in Noida. In Delhi, we have been very unlucky. We pay market rent on this building (Express Building on Bahadur Shah Zafar Marg) to Saroj Goenka, dadiji as I call her.

The position that we have today is something that has worked but it also worked because of Shekhar’s complete editorial independence. And he has ruthlessly cut costs. We have come down from 4,000 to 2,400 people.

Photograph: Pritam Sengupta

Read the full interview: Anant Goenka

Also read: The Express journo who broke the chopper scam

Thrice bitten, will FT find love after 20 years?

4 May 2011

PRITAM SENGUPTA writes from New Delhi: For a newspaper that likes to think it is the handbook for global executives on how to run their businesses, Financial Times hasn’t quite had a textbook entry into India.

Twenty years ago, when the doors of the economy were opened ajar and the rumours of the iconic British business newspaper being published from India gained steam, The Times of India group tripped FT by launching a weekly supplement to The Economic Times, mischievously calling it Financial Times. A long courtroom battle over trademark violation ensued between the two groups.

Boxed into a corner, FT got into a tieup with what was then India’s no. 2 business newspaper, Business Standard, becoming the first foreign company to make a major investment in Indian media. FT‘s representatives sat in the BS news and board rooms, but that relationship went sour in 2008, with FT divesting its 13.85% stake in the paper.

Three years ago, rumours of Raghav Bahl‘s Network 18 launching the India edition of FT hit the roof, with rumours of then ToI executive editor Jaideep Bose being wooed to head the operation. ToI again hit back, retaining “Jojo”, as Bose is known, and elevating him to editorial director. The global downturn also helped put the project in cold freeze.

Today, the Indian Express group of Viveck Goenka, which owns the Financial Express, has announced a “content partnership” with the Financial Times, exactly two years to the day after it started printing a facsimile edition of FT‘s rival, The Wall Street Journal.

“In addition to daily news and features from the Financial Times, readers will benefit from access to reporting from FT bureaus around the world and columns by eminent writers such as Martin Wolf, Lucy Kellaway and Simon Schama,” reads a front-page announcement in the Express.

Express is already in a similar “content partnership” with The Economist, which is half-owned by Pearson, the publishers of FT, publishing a co-branded page a day.  The Rupert Murdoch-owned WSJ, besides printing its editions in Express presses, is in a “partnership” with Mint, the business daily owned by the Hindustan Times.

Thrice bitten, will Financial Times find lasting love in relationship no. 4 with the Express group? And will the consummation of the marriage see the birth of FT in the 20th year of reforms? More to the point, is there an unseen hand, with nascent interests in news television, behind the Express-Economist-FT partnership?

Will The Sunday Standard set the Yamuna on fire?

31 March 2011

Dummy editions of The Sunday Standard, the weekly newspaper from the Madras-based New Indian Express group, have begun doing the rounds. The eight-page dummy printed on standard newsprint seems to suggest that the 21st century weekend paper will have a conventional, 1990s design.

Edited by former India Today editor Prabhu Chawla, the paper was originally slated to be launched on March 20, and is now rumoured to see the light of day in “early April“.

The Sunday Standard will compete with M.J. Akbar‘s Sunday Guardian, and the Crest edition of The Times of India for weekend readership. Former India Today executive editor, the cartoonist Ravi Shankar, is among the more familiar bylines in the dummy issue of The Sunday Standard.

The Sunday edition of the original Indian Express of Ramnath Goenka used to be sold under The Sunday Standard masthead, before the split in the family. The old title is being revived by the south-based Manoj Kumar Sonthalia to gain a foothold in Delhi in a manner that will circumvent the no-compete clause with the north and west-based Viveck Goenka.

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