Tag Archives: The Financial Express

HT, Mail Today, and Kumar Mangalam Birla

Hindustan Times headline: “Coal Scam: CBI books former coal secretary, K.M. Birla”

Mail Today headline: “CBI registers 14th FIR in coal allocation scam”

On the morning after the central bureau of investigation (CBI) named industrialist Kumar Mangalam Birla in the coal allocation scam, the news is the page one, lead story, in The Times of India, The Economic Times, The Indian Express, The Financial Express, The Hindu, Deccan Herald, The Pioneer, Business Standard….

But not the Hindustan Times or Mail Today.

HT which belongs to the Birla family (chairman Shobhana Bhartia is daughter of K.K. Birla, whose brother B.K. Birla‘s son was Kumar Mangalam’s father, Aditya Birla) consigns the news to a single column story on page 10 in its Delhi edition.

Mail Today has it on page 25. The tabloid belongs to the India Today group, which is part-owned by Kumar Mangalam Birla, who bought a 26 per cent stake in his personal capacity, in India Today‘s holding company, Living Media in May 2012.

Mint, the business berliner which is owned by HT Media, has it on page one with a single-column story leading into page 3.

Also read: HT wedding unites Birlas and Ambanis

Zee News, Jindals and the silence of the media

Lokmat sets up the freedom of the press statue

Karan Thapar takes on Shekhar Gupta on credit

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From: Viveck Goenka. To: Express employees

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:

***

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

The editor who said ‘no’ to Ramnath Goenka

The veteran journalist Kuldip Nayar pays tribute to V.K. Narasimhan, the legendary editor of the Indian Express during the Emergency in 1975, in a column in Deccan Herald:

“The day Indira Gandhi was defeated at the polls Narasimhan was ousted to bring in S. Mulgaonkar. Ramnath Goenka explained that this was his obligation because Mulgaonkar had been forced to quit during the Emergency.

“Goenka had a point but what annoyed everyone was the abrupt change made even in the print line without Narasimhan’s knowledge.

“In protest he left the paper.

“Senior staff was at Goenka’s throat for the unceremonious departure of a person who had led them in the fight against the Emergency at a time when editors had compromised with the establishment.

“I was deputed by Goenka to bring back Narasimhan as editor of The Financial Express, his original position, but he refused to return because of the manner in which he was treated by Goenka…. I can never forget the scene when I left his house: Narasimhan and his wife were sitting on the floor of their tiny kitchen and sipping coffee.

“He had no job, no position. Nor did he care because persons like Narasimhan drew strength from their faith in values which today’s journalists generally do not pursue, much less cherish them.”

Narasimhan’s son V.N. Narayanan went on to be editor of The Tribune and Hindustan Times.

Read the full column: A journalist of great courage

Also read: Hindu and HT were worst offenders in 1975

Rajiv Gandhi birthday: 108 ads across 48 pages

PRITAM SENGUPTA writes from New Delhi: There is yet another advertising blitzkrieg by Union ministries and Congress-led State governments and departments in today’s newspapers on the former prime minister Rajiv Gandhi‘s birthday.

And it beats the number of ads on Rajiv’s death anniversary hollow.

While there were 69 ads amounting to 41 published pages in 12 newspapers on May 21, there are 108 ads amounting to 48¼ published pages in the same 12 newspapers today.

Hindustan Times: 24-page issue; 14 RG ads amounting to 7 broadsheet pages

The Times of India: 32-page issue; 21 ads amounting to 9 broadsheet pages

Indian Express: 28-page issue; 15 ads amounting to 6½ broadsheet pages

Mail Today (compact): 36-page issue; 11 ads amounting to 6½ compact pages

The Hindu: 24-page issue; 13 ads amounting to 5 broadsheet pages

The Pioneer: 16-page issue; 11 ads amounting to 3¾ broadsheet pages

The Statesman: 16-page isuse; 7 ads amounting to 3 broadsheet pages

The Telegraph: 26-page issue; 9 ads amounting to 3¾ broadsheet pages

***

The Economic Times: 16-page issue; 2 ads amounting to ¾ of a page

Business Standard: 18-page issue; 2 ads amouning to ¾ of a page

Financial Express: 22-page issue; 3 ads amounting to 1¼ pages

Mint (Berliner): 16-page issue; 0 ads

This computation is only for 12 English newspapers; many other English papers have been left, as indeed has the entire language media which are more numerous than the English ones, several times over.

Last year, on the 19th death anniversary of Rajiv Gandhi, the historian Ramachandra Guha wrote in an edit-page article in The Telegraph, Calcutta:

“A back-of-the-envelope calculation suggests that on May 21, 2010, perhaps Rs 60 or 70 crore were spent by the taxpayer — without his and her consent — on praising Rajiv Gandhi. Since the practice has been in place since 2005, the aggregate expenditure to date on this account is probably in excess of Rs 300 crore.”

Among the 21 advertisers wishing the dear departed leader happy birthday this year are the ministries of information and broadcasting, micro small and medium enterprises, power, health and family welfare, tourism, housing and urban poverty alleviation, new and renewable energy, women and child development, commerce and industry, steel, and social justice and empowerment.

The state governments advertising their love are those of Rajasthan, Haryana, Kerala and Andhra Pradesh, all Congress-ruled States. And the departments putting their money where their mouth is are the Rajiv Gandhi centre for biotechnology, Navodaya vidyalaya samiti, national small industries corporation, national commission for women, and the coir board.

And, of course, the Indian National Congress.

Also read: Rajiv Gandhi: 69 ads over 41 pages in 12 newspapers

Jawaharlal Nehru: 24 ads over 11 pages in 12 newspapers

Jawaharlal Nehru: 24 ads, 11 pages in 12 papers

A week is a long time in politics, especially if you are a dead Congressman.

On May 21, the 20th death anniversary of the assassination of former prime minister Rajiv Gandhi, various ministries, departments and State governments unleashed an advertising blitzkrieg in the media.

Result: 69 ads totalling 41 pages in 12 newspapers.

Today, on the 47th anniversary of the death of his grandfather, Jawaharlal Nehru, the sycophancy deficit is palpable: Just 24 ads amounting to 10¾ published pages in the the same 12 newspapers surveyed last week.

Meaning: India’s first and longest-serving prime minister gets 45 fewer ads (amounting to 30¼ pages) than his grandson who was in office for five years against Nehru’s 17.

Hindustan Times: 22-page issue; 4 JN ads amounting to 1¾ broadsheet pages

The Times of India: 30-page issue; 3 ads amounting to 1¼ broadsheet pages

Indian Express: 20-page issue; 5 ads amounting to 2 broadsheet pages

Mail Today (compact): 42-page issue; 4 ads amounting to 2 compact pages

The Hindu: 20-page issue; 3 ads amounting to 1¾ broadsheet pages

The Pioneer: 16-page issue; 3 ads amounting to 1 broadsheet page

The Statesman: 16-page isuse; 1 ad amounting to half a broadsheet page

The Telegraph: 16-page issue; 1 ad amounting to half a broadsheet page

***

The Economic Times: 32-page issue; 0 ads

Business Standard: 20-page issue; 1 ad amouning to half a broadsheet page

Financial Express: 24-page issue; 0 ads

Mint (Berliner): 32-page issue; 0 ads

Also, unlike dozen or so ministries and departments that were falling over each other to remind the nation of Rajiv Gandhi last week, just four ministries—information and broadcasting, women and child welfare, steel and power—and one State government (Delhi) seem to have taken up Nehru’s cause.

Also read: Rajiv Gandhi: 69 ads over 41 pages in 12 newspapers

Rajiv Gandhi: 69 ads over 41 pages in 12 papers

PRITAM SENGUPTA writes from New Delhi: On the former prime minister Rajiv Gandhi‘s 20th death anniversary today, different ministries of the Congress-led UPA government are falling over each other to demonstrate that the “collective flame of political sycophancy” continues to burn brightly and shamelessly.

While Rajiv Gandhi’s widow Sonia Gandhi and their son Rahul Gandhi talk of “austerity” when it suits them, nearly a dozen Union ministries and a couple of State governments have released tens of ads through the government-controlled Department of Audio Visual Publicity (DAVP) to remind Indians that such a man as he walked this earth.

In eleven English news and business papers published out of New Delhi, there were 65 advertisements amounting to 38¼ pages, glorifying The Great Leader, without whom India wouldn’t have entered the 21st century.

Hindustan Times: 24-page issue; 9 RG ads amounting to 5¼ broadsheet pages

The Times of India: 32-page issue; 10 ads amounting to 6 broadsheet pages

Indian Express: 28-page issue; 10 ads amounting to 5 broadsheet pages

Mail Today (compact): 42-page issue; 8 ads amounting to 7 compact pages

The Hindu: 22-page issue; 6 ads amounting to 3½ broadsheet pages

The Pioneer: 16-page issue; 7 ads amounting to 3½ broadsheet pages

The Statesman: 16-page isuse; 4 ads amounting to 2½ broadsheet pages

***

The Economic Times: 16-page issue; 3 ads amounting to 1¼ broadsheet pages

Business Standard: 14-page issue; 4 ads amouning to 1¾ broadsheet pages

Financial Express: 24-page issue; 3 ads amounting to 1½ broadsheet pages

Mint (Berliner): 12-page issue; 1 ad amounting to one compact page

Among the departments and ministries seeking to remind the nation of Rajiv Gandhi’s magical powers are the department of information and publicity; the ministries of commerce and industry, tourism, human resource development, social justice & empowerment, power, micro small and medium industries, information and broadcasting, steel; the state governments of Haryana and Rajasthan; and Rajiv Gandhi centre for biotechnology.

Last year, on the 19th death anniversary of Rajiv Gandhi, the historian Ramachandra Guha wrote in an edit-page article in The Telegraph, Calcutta:

“A back-of-the-envelope calculation suggests that on May 21, 2010, perhaps Rs 60 or 70 crore were spent by the taxpayer — without his and her consent — on praising Rajiv Gandhi. Since the practice has been in place since 2005, the aggregate expenditure to date on this account is probably in excess of Rs 300 crore.”

On his birthday in August last year, The Telegraph reported that “Union ministries released more ads on Rajiv Gandhi’s birthday today than on the anniversaries of the rest of India’s Prime Ministers put together in the past one year, Press Information Bureau sources said.”

For the record, The Telegraph received four ads amounting to 2½ pages this year.

One more claimant for the 2G spectrum scam

It is the year of the lord, 2011, but it is still not too late to claim credit for the 2G spectrum allocation scam.

Nearly a week after the disgraced telecom minister A. Raja was arrested, marking the end of the beginning of the scam, today’s Indian Express carries a five-ad campaign saluting its sister business daily, The Financial Express, for its role in busting the scandal that takes a new dimension every single day.

Using headlines from pieces carried by it in the October 2009 to November 2010 period, the low-circulation FE proclaims its punchline: “It pays to know before those in the know”.

Two FE reporters— associate editor Rishi Raj and senior special correspondent Anandita Sigh Manhotia—get their spot under the sun for the stories, as indeed does FE managing editor M.K. Venu for an opinion piece.

# 2009: The Financial Express exposes the 2G scam

# October 24, 2009: “DoT deviated from TRAI’s notes and cherry-picked its counsel”

# October 26, 2009: “Raja faced objections from then DoT secy Mathur

# November 6, 2009: “CBI now exposes procedural lapse by telecom dept”

# November 9 and 12, 2009: “Raja tweaked norms to help Swan, Unitech”; “Spectrum of Raja’s innocence”

# November 16, 2010: CAG indictment nails Raja’s lies

Those who came in late will be pleased to know that (so far), The Pioneer, The Times of India, CNN-IBN and Times Now have put their hands up.

Mail Today had crowned Janata Party president Subramaniam Swamy and rediff.com chose the (BJP-aligned) member of Parliament, Rajeev Chandrasekhar, for exposing the scam that now seems to have reached outer space with the S-band scam reported by The Hindu and its business daily, Business Line.

Image: courtesy The Indian Express

Also read: Everybody loves (to claim credit for) an expose

Times Now. Times Now. Times Now. Times Now.

Journalist’s house raided in 2G scam

Nakkheeran journo denies wife worked for Radia

Have Tatas blacklisted The Times of India again?

The Pioneer journalist who brought A. Raja to book