Tag Archives: Mukesh Ambani

18 factoids in ‘Caravan’ profile of Shekhar Gupta

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

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RIL, Network18 & the loss of media heterogeneity

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Even as the takeover of Network18 by India’s biggest corporate house, Reliance Industries Limited, receives scant scrutiny in the mainstream media on what it portends in the long term, the journalist and educator Paranjoy Guha Thakurta weighs in, in the Economic & Political Weekly:

“The consequence of RIL strengthening its association with Network18 is a clear loss of heterogeneity in the dissemination of information and opinions. Media plurality in a multicultural country like India will diminish.

“In particular, the space for providing factual information as well as expressing views that are not in favour of (or even against the interests of) India’s biggest corporate conglomerate will shrink, not just in the traditional mainstream media (print, television and radio) but in the new media (internet and mobile telephony).

“There is growing concentration of ownership in the country’s already-oligopolistic media markets. In the absence of restrictions on cross-media ownership, these trends will inexorably lead to the continuing privatisation and “commodification” of information instead of making it more of a “public good” that could benefit larger sections of society, in particular the underprivileged.”

For the record, RIL sent Thakurta a legal notice for his book Gas Wars: crony Capitalism and the Ambanis.

Read the full article: What future for the media in India?

File photograph: RIL chairman Mukesh Ambani holds a jar containing the first crude oil produced from the KG-D6 block in 2009 (Punit Paranjpe/Reuters)

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Also read: Has media blacked out RIL takeover of Network 18?

‘Media freedom bleaker with Ambani domination’

Will RIL-TV18-ETV deal win CCI approval?

The sudden rise of Mukesh Ambani, media mogul

Why the Indian media doesn’t take on the Ambanis

Rajya Sabha TV tears into Reliance-TV18 deal

EPW on the Reliance-ETV-RIL deal within a deal

WaPo, Amazon, HT and the Reliance-TV18 deal

‘Has media blacked out RIL takeover of TV18?’

As India’s biggest business house Reliance Industries Limited (RIL) goes through the motions of formally taking complete control of one of India’s biggest TV networks, Network 18, the veteran journalist and commentator Kuldip Nayar writes in Deccan Herald:

“I was not surprised when television channels did not cover the taking over of a large TV news network by Mukesh Ambani’s Reliance Industries Limited.

“Most channels — roughly around 300 — are owned by property dealers who can afford to spend Rs 1 crore, an average monthly expenditure, through money laundering. Every one of them wants to be the Reliance one day.

“What has taken me aback is that the press has reported the deal but has preferred to keep quiet.

“Even though journalism has ceased to be a profession and has become an industry, I was expecting some reactions, at least from the Editors’ Guild of India. But then it is understandable when it has rejected my proposal that editors should also declare their assets public, the demand which they voice for politicians.

“Double standards make a mockery of the high pedestal on which the media sit.”

Read the full column: Where’s free media?

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Also read: Will RIL-TV18-ETV deal win CCI approval?

Reliance has no ‘direct’ stake in media companies

The sudden rise of Mukesh Ambani, media mogul

Why the Indian media doesn’t take on the Ambanis

‘Media freedom bleaker with Ambani domination’

The takeover of Network 18 group with its myriad news, business and entertainment channels has received scant review in the Indian media, but the author Pankaj Mishra bells the cat in Bloomberg View:

“There is no denying that the future of media freedom in India looks even bleaker than ever after Mukesh Ambani’s Silvio Berlusconi-style domination of both news and entertainment content and delivery mechanisms.

“At the very least, such violation of the rules of the free market should be exposed to intense public scrutiny, even criticism, of the kind the deal between Comcast and Time Warner has provoked in the U.S.

“But a near-total silence from politicians and the mainstream media greeted the extraordinary doubling of gas prices in India.

“When Reliance attempted to throttle the book [by Paranjoy Guha Thakurta] about it, those columnists who had denounced Penguin for agreeing to withdraw Wendy Doniger’s “The Hindus: An Alternative History” went oddly quiet.

“And given the “toadification” of large parts of the Indian media, to paraphrase Salman Rushdie, it may even croak out some malicious joy as more independent-minded journalists depart what does look increasingly like a toad-breeding swamp.”

Infographic: courtesy Outlook*

Read the full article: India’s newest media baron embraces censorship

* Disclosures apply

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Also read: Will RIL-TV18-ETV deal win CCI approval?

Rajya Sabha TV tears into Reliance-TV18 deal

EPW on the Reliance-ETV-RIL deal within a deal

Anant Goenka: WaPo, Amazon, HT and the Reliance-TV18 deal

Can the Indian media ask Modi tough questions?

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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Signature campaign against CSDS poll tracker

As the Chinese might say, the Indian media is living in strange times even before the advent of Narendra Modi.

The Aam Aadmi Party accuses TV stations of being bought over by Modi. Sting operations reveal that opinion pollsters are willing to up their estimates of Modi for a price.

News channels show unedited feeds from Modi’s own cameras as if they were their own. Editorial changes are being made in newspapers and magazines with a change in government in prospect.

Etcetera.

Now, even the Centre for Study of Developing Societies (CSDS) with its formidable reputation as a credible pollster for CNN-IBN, is facing the music.

Yogendra Yadav, for long CSDS’s face on TV during election time, is now a member of AAP, standing from Gurgaon; Madhu Kishwar is a prominent BJP votary, whose interviews with Modi are now being aired on India News and NewsX.

As CNN-IBN (now owned by Mukesh Ambani of Reliance Industries) airs its “Election Tracker“*, a signature campaign has been launched which scurrilously alleges that the CSDS survey is “a campaign for BJP, not research work”.

Launched by “Manjeet Singh” who claims to be from Patna, the petition on change.org headlined “CSDS poll survey for CNN-IBN will take BJP close to 272 in next 3 days. Is this Research?”, reads (uncorrected):

“It’s not news anymore that the Sanjay Kumar‘s contractors who has funding coming in to their media houses from the big corporates are forcing  Sanjay Kumar reach a figure of close to 272 in the survey.

“CSDS’s credibility is being used for this agenda. Seems that the sting operation on the survey agencies was done to enhance the credibility of CSDS’s survey just before Sanjay Kumar’s closer to 272 projections for the BJP was to appear on Television.”

For the record, CSDS’s surveys for CNN-IBN have seen the BJP numbers go up from 156-164 in July 2013 to 171-179 in November, and 192-210 in January 2014.

* The CNN-IBN election tracker is in association with Week magazine. Disclosures apply.

Operation Rajnikant: starring Samir & Vineet Jain

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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.

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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

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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