Category: MEDIA

  • Mediaah! Bizarre! NDTV ombudsman Soli Sorabjee’s response to mail on Barkha Dutt-Niira Radia episode

    By Pradyuman Maheshwari

    I was delighted with the news that Soli Sorabjee was to be the Ombudsman of NDTV, the news-to-cookery information network. Sorabjee is one of India’s best legal eagles, is a former Solicitor and Attorney General and is known to be a wise man. He’s frequently on television, his views are much sought after by people who matter. He’s not a Ram Jethmalani.

     

    NDTV is one of India’s best known news vehicles, although just 25 years in the business. And it’s well-respected too.

     

    However, the last five years has seen question marks being raised about the network. And this goes beyond its performance in the stockmarket, its decision to get into entertainment television and then exit it, staff cuts and more recently the trimming of operations of business channel NDTV Profit.

     

    What has caused considerable loss of face for the channel’s reputation goes beyond its business decisions. After the Mumbai terror siege, there was an uproar against the coverage of some news channels and consequently there was a vicious online attack on Barkha Dutt. Yes, it was vicious, but as I look back, Barkha and NDTV should’ve just let it be. Instead they took legal action against techie Chaitanya Kunte. They may have won the battle and silenced Kunte, but there was much anger building against them.

     

    And then there was the Niira Radia controversy. While journalists do often indulge their sources and help them with info (and even fix stuff), what happened in the Barkha Dutt episode was unfortunate. Especially the way she and NDTV handled the issue. She should’ve apologized on camera rather than defend herself on the show where questions were posed to her by a few top editors. NDTV, a channel until then known to have a squeaky clean reputation, too ought to have handled the crisis better and should’ve instituted an internal enquiry (headed by an outsider and asked Barkha to go off the newsroom or at least off air in that period). It didn’t, and went down several notches in the eyes of its core viewer – the Indian intelligentsia.

     

    However, that’s not the reason for writing this. When I heard about Soli Sorabjee being appointed Ombudsman, I wondered how he would’ve handled the Barkha Dutt-Niira Radia issue. That was reflected in the report we carried on his announced (see link: http://www.mxmindia.com/2013/09/ndtv-appoints-soli-sorabjee-as-ombudsman-now-will-he-clear-air-on-barkha-dutt-episode/ ).

     

    I wrote two letters to the Ombudsman. The first was on my name getting exposed to NDTV, to which Sorabjee responded writing: “I do not appreciate the need for anonymity.”

     

    I found this a little weird. If a corporate’s name gets exposed to a journalist who he/she is complaining about, there’s bound to be a backlash.

     

    But it’s the second exchange that has had me shocked and surprised.

     

    Here goes the mail I received from Sorabjee’s Ombudsman id (See letter image).

    QUERY

    Hello, Mr Sorabjee. Thank you for accepting NDTV’s invitation to be the media group’s Ombudsman.

    I would like to bring to your notice the controversy around Barkha Dutt and her telephone conversation with lobbyist Niira Radia. While Ms Dutt’s defence was subjected to a cross-exmination on television by eminent journalists, there is a view that her act brought disrepute to the profession and the NDTV group. There is also a view that Ms Dutt’s services or appearance on television should’ve been suspended pending investigation. It would be good to have an eminent jurist like you to comment and give your ‘verdict’ on the issue/episode. Your views may well clear Ms Dutt’s name once and for all. Or we may have you aver that Ms Dutt was incorrect by doing what she did and she deserves a stiff reprimand. In both cases, it will be a great service to Indian journalism. Sir, since this episode happened, many have questioned the ethical standards that prevail in the Indian news media and have even gone on to say that our news entities do not have the moral authority to question others on inefficiencies/corruption etc since their own houses may not be in order.

    Your comment on the matter will help clear the air on this.

    Thanks, Pradyuman Maheshwari

     

    RESPONSE

    The role of the Ombudsman is not judgmental but to ensure that dissemination of news is fair, accurate and balanced. However, Ms. Barkha Dutt should not participate in any programme concerning her and the Radia Tapes. I have advised NDTV to inform Ms. Barkha Dutt accordingly.

    Soli Sorabjee,

    Ombudsman, NDTV

     

     

    Is Soli Sorabjee refusing to take a stand on an issue that has a strong linkage with the “role of the Ombudsman to ensure that dissemination of news is fair, accurate and balanced”. And what’s this bit about “However, Ms Barkha Dutt should not participate in any programme concerning her and the Radia Tapes. I have advised NDTV to inform Ms Barkha Dutt accordingly.”???

     

    Mr Sorabjee is a wise man, but why is he sitting on the fence on the issue? Has NDTV asked him to not comment on the controversy? We don’t have the answers, but at the time of writing on October 9, 2013, when we tried visiting the Ombudsman’s page/corner/whatever on the NDTV.com site, we couldn’t find any label/tag on the homepage. Perhaps, viewers are expected to remember the ndtv.com/soli url. Or perhaps the network doesn’t want us to go complaining to Soli Sorabjee.

     

    The views expressed by Pradyuman Maheshwari, Editor-in-Chief and CEO, MxMIndia in Mediaah! are his own and not necessarily those of MxMIndia Private Limited. Email him at pradyumanm (at) mxmindia.com

     

  • NewsX appoints Aidem for adsales

    By A Correspondent

     

    English news channel NewsX has awarded its advertising sales duties to Aidem Ventures. It may be recalled that one of the early mandates of Aidem was to look at adsales for NDTV’s news and lifestyle channels.

     

    Part of ITV Network, NewsX now claims leadership on the basis of 21-week combined GVTs

     

    “Post digitization in 38 cities, NewsX has augmented its viewership by 260%. This performance has been consistently growing since the markets have gone digital. NewsX didn’t want to tread up any existing pathways in terms of style and news delivery and wanted a completely independent identity. This strategy has paid off” said Vikas Khanchandani, Director, Aidem Ventures while discussing the new business win.

     

    “This association reflects our vision to pursue NewsX’s successful positioning as a strong, robust media platform among Indian advertisers and agencies. Aidem has been managing adsales for some of the biggest news brands from India and abroad. We are very optimistic about their sales infrastructure and their professional management team working in favor of our plan for NewsX,” added RK Arora, CEO, ITV Network on the appointment.

     

  • Nikhil Chinapa to now burn sun with Live Viacom18, fest in Goa to outwit Percept offering

    By A Correspondent

     

    It promises to be a real-life Mahabharat. After parting ways Percept’s Sunburn IP, DJ-VJ-music impresario Nikhil Chinapa has teamed with Live Viacom18, the Viacom18 division for live events, to produce a five-day music festival. And no guesses for when and where it will happen? Goa, in December 2013!

     

    Note: Viacom 18 has MTV and Vh1, two music properties which the fest will leverage much. A communique from Live Viacom 18 doesn’t leave anything to one’s imagination on the relationship between Mr Chinapa and Percept. “The aim of the festival is to restore the spirit of community and passion for music that’s been missing from some electronic music festivals held in India recently….This will be a festival for the true dance music fan, for whom music is a way of life… and life itself unthinkable without the music they love. Putting it simply, this will be quality over quantity.”

     

    EDM festival regulars and people in the industry tell us that while the venture will help grow this industry segment, the going will be challenging initially for the venture given that Sunburn has already got a reasonable equity and work on its Goa fest has started already. In fact, the second phase of ticket sales has just begun.

     

    Clearly, the war of the music fests will now be waged in Goa in December. EDM-lovers aren’t really complaining.

     

  • Times Internet partners Ziff Davis to bring IGN & Askmen to India

    By A Correspondent

     

    When it’s not hiring whizkids to its fold, it’s striking deals with media hotties to bring them to India.

     

    Times Internet Limited (TIL) has now entered into a strategic partnership with Ziff Davis, Inc. – the leading all-digital media company specializing in the technology, games and men’s lifestyle markets with over 120 million in-market buyers every month. Thanks to this alliance, Times Internet will manage and drive local Indian destinations for IGN (IGN.com) and AskMen (AskMen.com), the premium gaming and men’s lifestyle sites.

     

    As part of the collaboration, Times Internet will have exclusive rights to the IGN and AskMen brands and their content in India.

     

    While IGN is dedicated to video games and pop culture – including comics, film and TV, AskMen carries men’s lifestyle content on the web since launching in 1999.

     

    The partnership grows the list of brands under the Times Local Partners (TLP) group – which is an initiative by Times Internet to partner with global digital companies. IGN and Askmen join the fledgling TLP portfolio, which has already rolled out the Indian editions of Gizmodo, Lifehacker and Business Insider.

     

    Satyan Gajwani

    Said Satyan Gajwani, CEO, Times Internet: “We are really excited about this partnership and the arrival of Ziff Davis’ respected brands coming to India. The IGN name is incredibly respected, and this brings us the opportunity to create premium editorial and video content for the Indian gaming community. AskMen will augment our leadership in men’s lifestyle content offering and deliver the best to our users and advertisers in the coveted male 18-34 demographic.”

     

    Vivek Shah, CEO, Ziff Davis, added: “We’re delighted to be partnering with India’s leading media group to bring localized editions of our brands to this vibrant market for the first-time. The media landscape is evolving rapidly, and millions of Indian males 18-40 will benefit from AskMen and IGN’s globally respected advice.”

     

  • Jaldi 5 with Jasmin Sohrabji: Digital is always a focus for Omnicom Media Group

    By A Correspondent

     

    It’s been around a fortnight since the Omnicom Media Group announced the setting up of PHD, its second media agency in India. Some six years back, OMD opened shop and has since been recognized by all – competition included – as an established player in the Indian market.

    Although she didn’t reveal revenue targets, Jasmin Sohrabji, Chief Executive Officer – South East Asia and India of Omnicom Media Group spoke on the setting up of PHD, client acquisition and how digital is huge for Omnicom.

     

    01. OMD started operating in India in 2007. So why did it take so much time for PHD to take off in India, especially since it’s been here informally in the country for almost a year?

    We wanted to establish OMD’s value proposition clearly in the Indian market, and consolidate operations before launching our second brand. In the short span of six years, OMD has carved a distinct identity for itself in the market and provided Omnicom Media Group a strong base to launch PHD.

     

    02. From the year-odd that PHD has been in India, are there any learnings for the way the business is done here vis-a-vis other markets?

    While it’s still early days, we expect to see PHD India as a strong shining star within the global network given the focus on planning and digital already in our group’s DNA in India.

     

    03. The Unilever digital business is with you in India. Are you expecting other alignments to happen soon?

    Going forward there will be some restructuring and realignments for PHD India including HP, HTC, SC Johnson etc

     

    04. Is there too much reliance on these alignments happening, or is this what you expect will happen in terms of commitments?

    Global alignments provide an opportunity not a guarantee of business. Like OMD, we will grow PHD from wherever opportunities come, globally, regionally and locally.

     

    05. Digital is typically what PHD is focused on. But in India, the spends (and if one may even add trust) on digital isn’t much with the budgets of even the big spenders being very small. In what way are you looking at evangelising the medium?

    Not just at the brand level, digital is always a focus for Omnicom Media Group. In India, digital accounts for a significant percentage of our growth and we see this only scaling further.

     

    5a. Are you going to be working with creative solution providers externally or in the long run will you have some resources inhouse?

    We operate on a flexible model, with both internal resourcing as well as strategic partners.

     

  • With $160 mn fresh funding, Flipkart’s $1.5-bn valuation comparable to P&G India, Tata Global Beverages

    By A Correspondent

     

    Continuing its capital-raising successes, online retailer Flipkart.com has mopped up a further $160 million ( Rs 976 crore) from mostly new investors, taking the total in the fifth round to $360 million ( Rs 2,196 crore).

     

    The latest funding values Flipkart, considered the Amazon of India, at over $1.6 billion, or Rs 9,760 crore. This is similar to its valuation in July, when it raised $200 million. Incidentally, Flipkart is worth more than the total market cap of all 15 listed retail companies, including Future Retail, Shoppers Stop etc. Among brand-led firms, Flipkart’s valuation is comparable with heavyweights such as P&G India and Tata Global Beverages (Tata Global Beverages owns Tata Tea, Tetley and Himalayan). It is also more valuable than 28 banks, including the likes of IDBI Bank, Union Bank, Central Bank of India, etc.

     

    Investment advisory firm Dragoneer Investment, investment bank Morgan Stanley Investment Management, private equity firm Sofina and Vulcan Capital participated in the latest round. Tiger Global – one of the first backers of the Bangalore-based company – also invested.

     

    “It’s the quality of the asset that is attracting investors,” said Raja Lahiri, partner at advisory firm Grant Thornton India. “E-commerce is a cash-intensive business. The top four-five players in this space will keep attracting investments in the next few years.”

     

    Experts point out that the latest fund-raising by Flipkart is an indicator of the growth potential of the Rs 10,000-crore online retailing industry, which is expanding at 54% annually, according to Internet and Mobile Association of India. E-commerce is expected to grow to $200 billion ( Rs 1.2 lakh crore) in India by 2020.

     

    Besides Flipkart, online marketplace Snapdeal has so far raised about $50 million ( Rs 305 crore) while fashion e-tailer Myntra received about $25 million ( Rs 152 crore) in risk capital.

     

    “These new investors are willing to participate again if required like Naspers, Accel, and Tiger. Investor alignment with our strategy is very important,” said Sachin Bansal, 32, co-founder of Flipkart.

     

    Started as primarily an online book store in 2007 by two former Amazon India employees – Sachin Bansal and Binny Bansal – Flipkart has till date raised $541 million (Rs 3,300 crore). In the first phase of this round, Flipkart raised $200 million from South African Internet company Naspers, venture fund Accel Partners, and investment firms Tiger Global and Iconiq Capital.

     

    The company has ventured into payment gateway solutions this year by launching PayZippy. Flipkart, which employs close to 3,000 people, has close to 10 lakh visitors on its website every day.

     

    The company’s revenues were Rs 217 crore in 2011-12, according to a filing with the ministry of corporate affairs. But in 2012-13, it soared to an estimated Rs 2,000 crore.

     

    “Flipkart has got its timing, investments and vertical business strategy right,” said Rajesh Sawhney, angel investor and founder of GSF Superangels. “It will be difficult to replicate Flipkart’s success again, as that phase of scale is already over. New entrepreneurs will have to mine newer verticals.”

     

    The company changed its model from being inventory led to that of an online marketplace earlier this year.

     

    As per India’s current FDI rules, foreign investors are not permitted to invest in branded online retail business. Some experts feel that the change in model is also attracting foreign capital.

     

    The participation by San Francisco-based Dragoneer Investment Group ratifies Flipkart’s success globally. A long-term investor, Dragoneer, has backed companies such as Facebook, Alibaba and 360Buy in the past.

     

    “All our investors think long term; this is patient capital,” said Mr Bansal. “Dragoneer also brings a network that is really helpful.”

     

    With inputs from Ramkrishna Kashelkar

     

    Source:The Economic Times
    Copyright © 2013, Bennett, Coleman & Co. Ltd. All Rights Reserved
    Licensed to republish

     

  • Shailesh Kapoor: Congratulations! You are too ‘evolved’ to be measured by TV ratings

    By Shailesh Kapoor

     

    If you were on social media, especially Twitter last weekend, you would have surely encountered glowing reviews about the Indian version of ’24’. The show, that went on-air last Friday, received predominant positive feedback from Twitter, as well as from the television and film industry, including competitors of the channel airing it. The feedback was on the same lines in the corporate community too.

     

    For most of these stakeholders, ’24’ brings in the hope that our television will change for the better, and become relevant to them personally. When I tweeted the following last Saturday, I was hoping to be proven wrong: “Our ratings system will never capture #24India’s real impact. Anything that’s skewed towards upper strata tends to be under-reported in TAM.”

     

    Alas, it was not to be. ’24’ opened to tepid “audience” response, scoring below the 2-TVR mark in its opening week. Evidently, the audience that enjoys Diya Aur Baati Hum and Jodha-Akbar every night decided to stay away.

     

    But are they the only “audience”? As any brand manager of a semi-premium or premium brand would want to know: Are these really the audiences who buy my products? I just picked up today’s The Times Of India (Mumbai) for a quick check: 7 out of the 13 prominent ads in the paper are either luxury brands or brands clearly targeted at an evolving mindset that’s doing more things that watching the same serial every night for the last four years.

     

    No wonder that 5 out of these 7 don’t use TV at all for their advertising. Because the measurement metric just doesn’t factor the reality of their target audience –socially mobile, affluent and evolving consumers who are increasingly going to craft the marketing future in India. Let’s call them “Evolving” for the purpose of this piece, only for brevity.

     

    Are the Elite being measured by TAM? In 2007, TAM made an attempt to set up an ‘elite panel’, perhaps with a similar idea. Within months, the service had to be aborted because the differences between the main panel SEC A and the elite panel were not striking enough. But their definition of ‘Elite’ was based purely on affluence, not on attitudes and mindsets, which often concern brands more.

     

    Since then, we have been in status quo mode. The following five “Evolving” segments are not being captured by the current ratings:

     

    1. Senior industry professionals, e.g. CXOs and HODs

    2. English-speaking audiences who often watch their “TV” on the Internet

    3. Time-shifted viewers, who watch DVR recordings

    4. HD feed viewers

    5. Upmarket housing areas so posh that they are not research-accessible

     

    Crude estimates will suggest that these five will add upto at least 50 million viewers. But if they represent 6% of India’s TV population, they represent at least 15-20% of India’s spending power. But there is no data, none at all, that captures their viewership. No wonder then that many advertisers have chosen to stay off television and taken the print way instead.

     

    We routinely conduct studies for premium brands that sponsor TV programmes, to understand whether the association helped them achieve their marketing objectives. Often, the general brief is: “We have the ratings, but we always knew they will be low on TAM. We want to know whether it actually worked for us in our TG or not.” That “our TG” is not being captured by TAM is an obvious inference to be drawn here.

     

    BARC has been speaking about coming up with a ratings system that’s future-ready. If they have to indeed achieve that, they will need to address this elusive “Evolving” audience. Otherwise, we will just have more sample size of the same type of audience being reported.

     

    For me, ’24’ is the best Indian television has offered on the fiction front in a long time. Today, I feel like a voter who is ignored by the local politician because he does not belong to the caste that controls the vote bank. Or like a resident of the village in Akshay Kumar’s Joker, whose inhabitants realize their village just doesn’t exist on India’s map.

     

    There are many like me who will like to be “measured”. And the implications of measuring “us” are not just commercial, but social too. Today, television is the lead medium in India in terms of its influence on young minds of the country. The programming we churn out will decide the nature of this influence. And something as technical as measurement comes in the way of this process, it will be nothing short of tragic.

     

    Shailesh Kapoor is founder and CEO of media insights firm Ormax Media. He spent nine years in the television industry before turning entrepreneur. The views expressed here are his own. He can be reached at his Twitter handle @shaileshkapoor

     

  • dna kicks off campaign to promote celeb columns

    By A Correspondent

     

    To coincide with a power list of celebrity columnists that the After Hrs section of dna will carry from Monday, October 14, a 360-degree marketing campaign with the theme – “Meet Our New Joinees” has been initiated print, television, digital and out of home media.

     

    Other than Shah Rukh Khan, the list of columnists include: Twinkle Khanna, Suhel Seth, Sandeep Khosla, Superna Motwane, Ashiesh Shah, Kinita Kadakia Patel and satirist Khamba.

     

  • Recall: My favourite Sachin moment

     

    We had published this feature on April 24, 2013 on the occasion of Sachin Tendulkar’s 40th birthday.  Still makes for great reading -Editor

    By Johnson Napier

     

    On the field, he has often let his bat do the talking while off it his humility towards people and causes is what has made him dear to his followers. Not new to milestones, Sachin Ramesh Tendulkar adds another one to his kitty as he embraces a new figure in his life – 40! While his current form and interest in pursuing the last stretch of his international career is debatable, he sure has given his fans countless experiences to cherish.

     

    MxMIndia spoke to a few well-known cricket writers and columnists who’ve tracked the master blaster ever since he made the glorious 664 for the past 24 years since he made his international debut for India and got them to share their most cherished experience of the man all hail as the God of cricket.

     

    Ayaz Memon, editor, veteral cricket writer & commentator

    I’d like to share my earliest experience with Sachin Tendulkar, even before he got into the international team and which showed his commitment and passion for the game. In 1989, when the selectors were picking the team to tour West Indies they had decided not to include Sachin Tendulkar in the squad. Not that he wasn’t good, but the selectors thought that he was too young to face the West Indies bowlers who were too fast and terrifying at the time. They felt he was too young to face them at a raw age of 15. Subsequently when we interviewed him from Sportsweek magazine, he sounded very distraught at being left out. When we told him that the selectors were being considerate that you may get hit or injured by the pace attack and therefore left you out, his response to us was amazing: If I would’ve got hit I would’ve learnt faster. That is something that has stayed with me as it shows the intensity and passion of the man for the game.

     

    There’s a line from Shakespeare’s ‘Merchant of Venice’ that I am reminded of for him: With mirth and laughter let old wrinkles come.”

     

    Clayton Murzello, Sports editor, Mid-day

    My most memorable memory of Sachin would have to be the interview he gave me in his car after his arrival from the 1996 tour of England. He said – on the record – that he was ready for the captaincy. Not many players come out in the open and express their captaincy intentions like that and certainly not Tendulkar. But I guess I was lucky.

     

    My message to him as he celebrates his 40th birthday is: follow your heart.

     

    Boria Majumdar, sports commentator and Sr. Research Fellow at the Univ. of Central Lancashire & Adjunct Professor Monash University Melbourne

    I’ve had the opportunity and privilege of meeting Sachin Tendulkar on numerous occasions. While there are many memorable instances to share the one that I cherish the most was in Melbourne. I was waiting and watching the Indian team practice in sweltering heat at about 44-45 degrees. After the practice when all the players were drenched and were leaving the venue, there were a lot of fans shouting out and wanting to meet Sachin. While other players had gotten in the team bus Sachin Tendulkar went and obliged a few fans by signing autographs for them. When I asked him about his decision to hang on for some time he said: what would you rather do? Would you rather not be in my position and have people come up to you requesting an autograph. If one autograph of mine brings smiles to their faces I would much rather have that. That for me is modesty and humility personified. Though he is big icon, at that point in time he cared for his supporters. More than a cricketer his humility is what stands apart for me. The lesson I learnt is whoever you are or whatever you become you should not forget your roots.

     

    I hope he enjoys his game as he has done in the past 24 years and will do so again probably when India tour South Africa later this year. The message and wish is that while he plays his 200th Test match, Sachin would stand and play a good innings against the best bowing attack that one would remember for a long time.

     

    Sambit Bal, editor, ESPNcricinfo

    I remember an incident in 2005 when I was scheduled to do a 15-minute interview with Sachin Tendulkar at one of his promotional events. When I landed at that place, it was thronging with journalists who were trying to speak to him and I said it wouldn’t be possible for me to do an interview here. I recommended to him as to why don’t we do the interview in your car? He agreed immediately and the interview went on for well over two hours. In fact I wasn’t done with him when we reached his home and I said to him that I wasn’t done as yet. He requested me to come home and finish the interview. I sat for an hour more in his house and that is easily one of the better interviews that I have done of him.

     

    What was striking about the interview was that a lot of people at that time were predicting that he had just 2-3 years of cricket left in him and when I asked him what is it that he cherished the most in his 15-year-long career he said: there is still one thing left to cherish and that is to win the World Cup and experience what it feels like to achieve the feat. But we all know how India fared in the 2007 World Cup and I thought that Sachin would never get another chance for a shot at the World Cup. But then I remembered what he said in 2005 and when in 2011 India went on to win the World Cup, it was an unbelievable experience. So I was part of a personal history that he shared with me.

     

    As for now, all I wish is that he goes out on a flourish as he hasn’t got a lot of cricket left. I hope he gets the end that he deserves.

     

    Hemant Kenkre, cricket writer and commentator, VP – LinOpinion

    The most endearing fact about Sachin Tendulkar is that he has always batted for his friends. I remember that just a year after he started playing international cricket, he obliged to do an ad for one of my family members for free. That was a brilliant gesture on his part that he extended towards our family, especially since he was very young and at that stage of your career you wouldn’t want to do things for free. That is the best personal experience that I can share of the man.

     

    Another professional experience that comes to mind is when he first started playing among the men, if I may state it that way, in the then famous Kanga League. He was very young and I remember that the first ball he faced from the Ranji Trophy bowler, he hit him straight behind for a huge six. That was the arrival of Sachin Ramesh Tendulkar. It just showed how much confidence he had in his own ability. A star had already been born at that time.

     

    And what can one wish for somebody who has everything in life today – I just wish that he keeps on batting for India as long as he can. The thing about his career is that you get to remember some moments in your life every year, thanks to his landmarks.”

     

  • And this is how the front pages of some leading dailies tracked the Sachin story…

    You know it, don’t you. MxMIndia enjoys doing this on all the Big Occasions… tracking the front pages of the major dailies for their coverage of the Big, Big Story. And this is how they did it for Sachin today. The question is: if this is how they covered it today, how will they do it on November 19, the day after the fifth day of the 200th Test match that he is scheduled to play? Keep thinking, and we’ll bring you a scan yet again then… – Editor

     

     

     

    The Times Of India
    Hindustan Times

    The Hindu
    The Economic Times
    Dainik Jagran
    Dainik Bhaskar
    DNA
    Mid-Day
    Mumbai Mirror
    Lokmat
    Inquilab
    Mathrubhumi
    Saamana
    Navbharat Times
    The Free Press
    Mail Today
    Afternoon
    The Indian Express

     

  • Sold! Ashok Agarwal & fly’s 14% stake in Amar Ujala to founder Rajul Maheshwari for Rs 150cr

    By Arun Kumar

     

    Amar Ujala Publications founder Rajul Maheshwari along with his family will purchase the 14 per cent stake of the Ashok Agarwal and family for Rs 150 crore, two persons familiar with the development said, a move that will consolidate ownership in one family.

     

    The company publishes Hindi daily Amar Ujala in northern India.

     

    The deal, for which an agreement was signed recently, will be funded through internal accruals and personal debt by the promoters, one of the two persons said. Mr Maheshwari may sell shares back to the company in a buyback offer later to repay debt.

     

    The agreement is part of the settlement with the Ashok Agarwal and family, which had filed a complaint against its partner at the Company Law Board (CLB), alleging operational mismanagement. Rajul Maheshwari declined to comment.

     

    After purchasing the stake, the Maheshwaris are planning to reduce the company’s capital. “To reduce the paid up capital, the company will buy back its shares from its shareholders, which may either be extinguished or kept as treasury stocks that can be issued to the new set of investors in future,” said one of the persons cited above.

     

    In the open offer these group companies will have the option of selling the shares and generating cash. “All the parties with respect to the memorandum of understanding are present in court and they confirm that they have voluntarily entered into the settlement and the terms of the same are binding on them. The parties shall abide by the term of the MoU,” the October 8 CLB order said. “The company (Amar Ujala) shall have the liberty to approach the CLB in term of the prayer of the present application for seeking appropriate orders under Section 402 of the Act for consequent reduction in the share capital, in the event the company buys back the shares of the petitioners (Ashok Agarwal and family) under the MoU,” said the order.

     

    Last year, the Maheshwari group acquired American PE fund DE Shaw’s 18 per cent stake for about Rs 140 crore. DE Shaw was locked in a bitter battle with the promoters when it decided to divest its stake as part of its ‘exit right’ after the publisher failed to list within four years of its investment under an agreement. It asked the Indian promoters for a 25 per cent return on its investment, which was contested in the court.

     

    Source:The Economic Times

    Copyright © 2013, Bennett, Coleman & Co. Ltd. All Rights Reserved

    Licensed to republish

     

     

  • 10 evils media can do without

     

    By Pradyuman Maheshwari

     

    Vijayadashmi or Dassera is said to mark the celebration of good over evil. While many celebrated Dassera yesterday, for Bengalis in particular it’s ‘Shubho Bijoya’ today.

     

    I had written a similar feature two years back on MxMIndia and as I compared the list that I made for 2013 vis-à-vis the one in 2011, I was saddened to note that most of the evils are the same. In fact things have only gotten worse. Except one, which was on the issue of ratings where measures are being taken to cleanse the systems as per the expectations of the stakeholders. While work on the all-new IRS for print readership is still on and BARC has not yet finalized the vendor for television measurement, the fact is that all stakeholders are united in their efforts now to produce a robust system (as they ought to have been earlier), hence one has done away with the problems of ratings as a malaise.

     

    So which are the Top 10 evils that deserve to be banished from Indian medialand? Read on…

     

    01.  Corruption

    It’s public knowledge. There’s more corruption in private enterprises than there is in government and public sector undertakings.

     

    Bribes and various other commercial considerations are commonplace in television channels, advertising agencies, newspapers and magazines. And then there are awards and placement of reports. Not all of it is in lieu of monies though. Some could even be for just ol’ times sake.

     

    02.  Paid Content

    There are three types of paid content which rule Indian news media. The first is the one where political parties and politicians pay publications and channels for favourable content on them or negative content on their rivals or both. The second is for business and lifestyle content where you pay for content that appears. And the third is when publications only carrying reports on those who advertise and not on the basis of merit.

     

    The incidence of each of them has grown, and since the last time I wrote this, more publications are now publishing lifestyle content in lieu of dosh.

     

    03.  Government interference

    A senior Doordarshan functionary this correspondent spoke to said he/she was disgusted with the I&B ministry for its interference in the Doordarshan’s affairs. Especially in the case of news. If the government wants DD to improve and prosper it mustn’t get into the day-to-day functioning of the channels.

     

    Also, there’s no reason why the government should get involved with the functioning of various stakeholders. With regulators in place and players adopting self-regulation

     

    04.  Ass-ociations

    Save a few, some of the key industry associations have failed the industry. There is groupism in many of them, and they don’t seem to working enough for the common good of the fraternity and the business. While there is a Goafest and a few other association-led and individual compay-owned events, the two biggest events of the trade – Frames and Big Picture – are organized by FICCI and CII respectively. Meanwhile, some of the associations could do with better equipped secretariats.

     

    05.  Shabby Abby

    Abby 2013 were indeed Shabby, and although attempts were made to clean up the system, it’s going to require quite an effort from recently appointed president, Pratap Bose, to ensure there is enough participation from all agencies and the rules are watertight on fake/proactive work and plagiarism. The Abby Awards needed to be reinvented, else they will lose relevance.

     

    06.  Abuse of intellectual property

    Many of us in the Indian media are responsible for picking up material (ideas, text, pictures, audio, video, graphics) without permission and attribution. There is no respect for intellectual property in India and it’s a matter of time when the laws and penalties on intellectual property theft get stiffer.

     

    07.  Talent

    Talent continues to be a big problem in the media. As organizations go on to value-add their offerings and attract a premium for their services, they must remember they cannot achieve it without quality manpower. And this talent doesn’t come cheap which will mean an impact on the bottomline.

     

    08.  Job security

    The current slowdown has had a huge impact on some organizations with retrenchment in many sectors. In some organizations, even if there was no direct sacking, there were no replacements found for those who left. Media organizations must remember that they shouldn’t lose the human touch while effecting these. And also the next time when the going is good, perhaps they should not hire indiscriminately.

     

    09.  FDI Blues

    The government continues with its bizarre rules on FDI, and it’s possibly being egged on by organizations whose interests could be harmed if foreign powers come in. While the government is indeed mulling an increase of foreign direct investment in news media and FM radio to 49 percent, one wonders why not make it 100% when such restrictions aren’t imposed on equally critical sectors like telecom.

     

    10.  No ethics!

    This is a huge peeve. Yes, that there are still various ways to fool a system, but the only way in which way there can be some order in media organizations is when there is no tolerance rule on ethics. Get everyone – employees and promoters – to agree to adhere to them. And expose those who break the rules.

     

    The views expressed by Pradyuman Maheshwari, Editor-in-Chief and CEO, MxMIndia in Mediaah! are his own and not necessarily those of MxMIndia Private Limited. Email him at pradyumanm (at) mxmindia.com