There have been persistent rumours of it for a while now. Now Business Standard reports that Rupert Murdoch‘s Star group is indeed planning a foray in the print media in India.
Top executives of Star are believed to have visited Bangalore and held talks with liquor baron Vijay Mallya for a possible joint venture. Mallya owned the Tamil satellite channel Vijay TV before he sold it to Star. He also held the Bangalore franchise of Asian Age before letting go of it.
The possibility of Murdoch tying up with Aveek Sarkar‘s Ananda Bazaar Patrika group of Calcutta is also in the air. When rules of foreign direct investment in Indian television changed, ABP picked up Star’s stake. The two groups have also collaborated to launched the Bengali channel, Star Ananda.
Murdoch and Sarkar featured in Nicholas Coleridge‘s biography of the world’s great publishers, Paper Tigers, along with two other Indians, Samir Jain and Ramnath Goenka.
Photograph: courtesy New York magazine
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