Tag: Reliance

  • Jyoti Deshpande appointed as CEO of Viacom18

    Jyoti Deshpande
    Jyoti Deshpande

    By Our Staff

    Viacom18 has announced that Jyoti Deshpande has been appointed as CEO of Viacom18 with immediate effect.

    Deshpande is already serving on the boards of Network18 and investee companies Balaji Telefilms and Saavn Media. In her new assignment, she will help bring synergies across all of Reliance’s media interests and investments and further equip the company to drive significant growth opportunities as the industry embraces digital transformation.

    Deshpande  brings 27-plus years of experience in the media and entertainment business. She joined Reliance Industries in 2018 as President – Media Platform & Content, after having successfully built a leading media company and pioneered its early disruptive entry into the OTT space. As a business leader in Reliance, Jyoti has in the last three years leveraged her industry relationships to establish Jio Studios as a key player in the media value chain.

    Welcoming Deshpande, Adil Zainulbhai, Chairman, Network18 said: “Viacom18 is poised to grow as a truly integrated media company across broadcast, OTT and content studio business spanning general entertainment, movies and sports across languages. Given Jyoti’s rich experience in the media sector around content, distribution and monetisation across traditional and emerging platforms, we believe she is best placed to lead the company and its operations.”

  • Network18 rejigs media & distribution business

    By A Correspondent

     

    Reliance Industries announced a consolidation of its media and distribution businesses spread across multiple entities into Network18.

     

    Under the Scheme of Arrangement, TV18 Broadcast, Hathway Cable & Datacom

     

    and Den Networks will merge into Network18 Media & Investments. This is with effect from February 1, 2020. The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18. Reliance Industries’ holding in Network18 will reduce from 75% to around 64% upon implementation of the Scheme. The Scheme of Arrangement is subject to all necessary approvals.

     

    Given this, according to a press release issued Network18

     

    • Will be an integrated media and distribution company with a revenue of ~Rs. 8,000 cr,

    • Will scale-up as one of the largest listed players in the sector

    • Will be net-debt free at consolidated level, providing a solid base for growth as well as improved shareholder returns

    • Will benefit from a balanced mix of cyclical and annuity revenues to unlock growth while ensuring stability.

    • Will create eco-system for growth opportunities in digital, broadcast media, cable and broadband.

     

    The consolidation of cable businesses of Den and Hathway in one entity will leverage the combined strength of the around 27,000 LCO partners who act as the touchpoints to about 15 mn households in India; delivering localized, people-friendly and ultra-fast customer services.

     

    The combined Broadband entity will serve ~1 mn wireline broadband subscribers across the country.

     

  • Tata stays as Interbrand #1

     

    Interbrand, the Omnicom-owned brand consultancy has named Tata, Reliance and Airtel as the three most valuable Indian brands of 2019. In its sixth year, the Best Indian Brands ranking saw retail make its presence felt in the league table, which was otherwise dominated by Automotive, Diversified Businesses & Financial Services sectors. Interbrand, it may be noted, only looks at the homegrown Indian brands, so the MNC brands are missing, even though they are popular, bestselling and trusted.

     

    The Auto sector shifts gears to drive top growth. Mirroring the brave global brands more than any other sector, the auto brands showed the way to the rest this year. Royal Enfield, Bajaj Auto, Ashok Leyland, Hero, Maruti Suzuki and Mahindra demonstrate growth higher than average.

     

    This year’s table features three new entrants. Big Bazaar joins at #33 (INR 26.86 Bn), DMart at #37 (INR 20.15 Bn) and Nerolac Paints enters the table at #39 (INR 19.19 Bn) for the first time. On the other hand, Reliance Group (R-ADAG; last on in 2017, INR 46.56 Bn) and Canara Bank (last on in 2017, INR 19.73 Bn) exited the list this year.

     

    The combined value of the Top 40 brands was INR 5.03 trillion, which represented a 5.2% growth in value over the previous year. Tanishq, Royal Enfield, Kotak, Bajaj Auto, Ashok Leyland and Britannia were amongst the fastest growing brands.

     

    Ever since its inception, Tata has continued to hold the top position in the Best Indian Brands table. However, Tata’s brand value grew by a modest 6.5% – contributed significantly by its tech services business TCS. In the same vein, Reliance, which after taking over the #2 spot from Airtel last year, consolidated itself as a strong #2 with a growth in brand value of 12%. This performance was bolstered by the phenomenal growth of JIO. HDFC Bank, LIC, State Bank of India, Infosys, Mahindra, ICICI Bank and Godrej round off the Top 10.

     

    Financial Services and Auto contributed the most to this year’s Top 40, at 27% and 13% of value.

     

    Said Ashish Mishra, Managing Director, Interbrand India: “Most Indian businesses looked at change as a big risk to their existence. But to them we would say: Risk is no longer in changing. But in not changing. And challenge is no longer just the competition or the ever-changing business environment. It’s our own inertia. Our fear of the new, of the unknown. And yet, most inevitably fight that change, trying to bend a fast-changing world to their obsolescence. What’s really encouraging is that we are now seeing the progressive few accept that the world is changing and making attempts to change. They acknowledge the new consumer preferences. They accept the new desire for experiences and respond positively. Replacing complacency with competitiveness. To reinvent themselves before they reinvent their categories. And remain unafraid of the change to drive brave growth. That, in sum, is the secret behind this year’s Top 40’s success.”

     

    Providing a global perspective on the Best Indian Brands 2019, Rebecca Robins, Interbrand’s global Culture and Learning Officer, added: “In a fast-changing world, brands are the only assets that companies can fall back on, to navigate the challenges. Indeed, brands are the crucial interface between technology and consumers, that channel an organisation’s efforts to engender growth. Globally, the one category that has managed this well, to constantly evolve; to lead new ecosystems; to craft highly personalised and meaningful micro-experiences while still being rooted in a larger purpose, is luxury. No wonder then, that the world’s and India’s top change drivers are taking a leaf out of the luxury playbook, to grow by adopting a “luxury mindset”

     

     

  • So what does the Reliance controlling stake mean for Viacom18?

     

    By A Correspondent

     

    It was sure to happen. Reliance Industries is a serious player and investor in the TMT ecosystem, and more importantly, anything that fuels its telecom business.

     

    When it first chose to invest in Network18 in 2012, it had indicated that the investments in media would eventually help in building the content pipeline. There were many reservations expressed when the Mukesh Ambani-run Reliance Industries took complete charge of the news business of Network18 (and Television18) in July 2014. The reservations then may have been with reason given the fear that big business-controlled news business will bring in its own commercial and political interests into play. However, as has been seen, all these were proved incorrect. Editorially, the news offerings are objective, and decidedly a lot more than some of the rightwing channels.

     

    A CNN-IBN may have opted out of getting a bigname news anchor, but that has actually worked in its favour. Rahul Joshi as CEO of the news business and group editor-in-chief has elevated the overall standards. And from what we learn, there is an overall delight with the big(g) bosses at Reliance Industries headquarters.

     

    In fact it’s the pace with which Reliance work could significantly help Viacom18 change gears, say industry observers.

     

    There is also delight over the Viacom18 valuation of USD 2 billion. This was determined by the one percent stake buy by the Reliance Industries-owned TV18 at the value of USD 20 million or around Rs 127 crore. The transaction is likely to be completed in a month.

     

    Until the announcement happened, both Viacom and TV18 had an equal 50 per cent equity in the joint venture. Viacom18 started out with three channels and it has grown into a 44-channel multiple platform business including films, merchandise and live entertainment.

     

    Meanwhile, the brand and content licence between Viacom and TV18 has been extended by another decade which will ensure the continuance of channels like MTV, Nickelodeon, Comedy Central etc in the fold. Viacom18 has reported total revenues of Rs 30,407 million in financial year 2016-17, charting a 40x-plus growth in topline since inception.

     

    This is what key captains of the Network18, Viacom and Viacom18 said in a communique:

    Adil Zainulbhai, Chairman – Network18: “The transaction further enables our vision for Viacom18 to accentuate its focus on excellence and integration in the broadcast and digital space. The entertainment powerhouse continues to be bolstered by Viacom’s global expertise in content creation and curation, along with Network18 group and affiliates’ strength across the media & telecom value-chain”

     

    David Lynn, CEO – Viacom International Media Networks: “Viacom 18 is one of the fastest growing companies in India’s dynamic media and technology sector and, as a result of this transaction, we believe it will be even better-positioned for accelerated growth through closer integration and alignment with the Network 18 Group and its affiliates, including India’s fastest growing mobile network, Jio. Viacom remains strongly committed to our Viacom 18 joint venture with the Network 18 Group and we are retaining the vast majority of our ownership stake in the company. We’re delighted to extend our licensing deal with Viacom 18 and see clear potential to expand it in live events and recreation, in line with our growing global presence in these lines of business.”

     

    Sudhanshu Vats, Group CEO – Viacom18: “We turned 10 last year and our growth journey has been exciting to say the least. None of this would have been possible without the support and commitment of both our partners. This development will allow us to leverage deeper synergies with Jio as we enter our next growth phase. As India’s youngest full-play media organization, we remain committed to winning the hearts of our audiences across all our on-air, on-line, in-store, in-theatre and on-ground businesses- and enriching the digital life of every Indian.”

    The key factor in the development is doubtlessly TV18 taking operational control of Viacom18. Given Reliance Jio and a significant interest in the growing the media and entertainment landscape, it is expected that there will be greater synergies. Also, given the larger interests of Relaince Industries in sports, an entry into sports broadcast is not totally ruled out. Beyond the current baby steps that the group is taking with the tri-nation Nidahas Trophy next month.

     

    What remains to be seen is how the plans for Voot play out, given that Jio has its own platform plus there’s Alt-Balaji.

     

     

  • Achche Din for Balaji as Reliance picks up 24.92% stake

    By A Correspondent

     

    It’s just a formality now. The Reliance Industries and Balaji boards have approved an investment by Reliance Industries (RIL) in Balaji Telefilms (BTL) to acquire 2.52 crore equity shares constituting 24.92 % of BTL’s equity, through subscription to preferential issue of shares by BTL to RIL for cash consideration of Rs 164 per equity share amounting to an investment of Rs. 413.28 crore.

     

    This investment in content production (including digital content) is in line with RIL’s commitment to invest and grow in telecom digital and media businesses, notes a communique. It may be recalled that BTL has launched a new OTT platform ALTBalaji in April 2017 which, an RIL communique notes, has garnered over 3 million downloads and subscribers from over 75 countries since its launch. The transaction is subject to BTL’s shareholder approval and regulatory compliances and other conditions precedent and is expected to be completed in 45 to 60 days. Axis Capital Limited and EY assisted on this transaction.

     

    Reliance Industries already has investments in media entities Network18 and Viacom18, a joint venture with Viacom. Viacom18, incidentally, runs VOOT, an OTT platform.

     

  • Reliance General Insurance invites users to #OpenDoors

    By A Correspondent

     

    As part of a novel approach to market Home Insurance, Reliance General Insurance has released a campaign that takes the conversation beyond insurance. By urging people to stop locking themselves from the world and live a more carefree life.

     

    At the heart of the campaign, created by OgilvyOne, is a digital film produced by The Open Iris. The film is a reminder of how, in an increasingly chaotic world, our homes have become our havens of solitude. To the extent that we’ve chosen to lock out the world and become prisoners of our own free will. It however, goes on to highlight the unique village of Shani Shingnapur, where the homes and shops, have no doors. And begs the question, if they can do away with their doors, can’t we at least open ours?

     

    Group Creative Director at OgilvyOne, Burzin Mehta, explained, “Triggering a conversation on insurance is never easy. Which is why we chose to talk about trust. Which once formed the basis of a community’s existence but is becoming increasingly elusive, across society. Our intent is to go beyond the transactional exchange of buying home insurance and connect at an attitudinal level.”

     

    Director Padmakumar N added, “Open Doors could well be a thought for the future of humanity – a movement away from the divisive and parochial direction we’re going in. I’ve always felt advertising could be a beacon and campaigns like this only raise its stature.”

     

    It may be noted that OgilvyOne has only created the campaign so please do not call the agency or us (MxMIndia) if you want to buy a home insurance policy. Call Reliance General Insurance…

     

  • Reliance ADAG exits television, 49% of radio. Sells to Zee

     

    By A Correspondent

     

    The Zee group has acquired the Reliance Broadcast Network Limited’s entertainment channels (plus four other licences it owns) along with 49 per cent stake in 92.7 Big FM. The transactions will help reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital, said Sam Ghosh, Executive Director and Group CEO, Reliance Capital.

     

    Radio:

    The Board of Directors of Zee Media Corporation Limited has approved acquisition of 49% stake in 92.7 BIG FM, the radio broadcasting business of Reliance Broadcast Network Limited.

     

    Reliance Broadcast Network Limited runs the largest network of FM radio channels in India – 45 operational licenses (issued under Phase II and migrated to Phase III) and 14 new licenses (issued under Phase III). The FM channels are being broadcast under the brand “92.7 BIG FM”, reaching to 45 cities, 1200 towns and over 200 million people. It reaches out to around 43 million listeners per week and engages with a large number of national and local advertisers.

     

    Reliance Broadcast Network Limited shall be transferring the 45 operational and 14 new licences into two SPVs respectively along with the assets and liabilities. ZMCL shall acquire 49% stake in each of these two SPVs. ZMCL and Reliance Broadcast Network Limited shall also have a call/put option to acquire/sell the balance 51% after the lock-in provisions on the permission holder of these licenses expire. As per MIB regulations, at least 51% shareholding needs to be held by the permission holder for a minimum period of three years from the date the channels were operationalised. The lock-in period for the 45 operational licenses shall expire on March 31, 2018, whilst the lock-in period for the 14 licences shall expire after the expiry of three years from the day all 14 licences shall have become operational, which is expected to be around March 2020.

     

    Said Rajiv Singh, COO, ZMCL: “We are pleased to announce this acquisition which shall not only be complementary to our current business but accelerate its growth too. We are currently running successfully a bouquet of 11 news and current affair channels and with the addition of 59 radio licenses, we will be reaching out to a much increased audience base and will keep them engaged on different media platforms. This acquisition shall bring about the desired business diversity and will help in achieving the sound financial objectives at an accelerated pace. We are confident that this investment will enhance value for all stakeholders and looking forward towards this exciting journey to take the company to the next level.”

     

    Said Sam Ghosh, ED and Group CEO, Reliance Capital in a statement: “We are happy to bring in Zee Media as our partner in the Radio business. This transaction is part of our strategy to reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital”.

     

    The proposed transaction remains subject to regulatory approvals including Ministry of Information & Broadcasting. The transaction is expected to close in the first half of CY2017.

     

    Television:

    Meanwhile, the Board of Directors of Zee Entertainment Enterprises Limited (“ZEEL”) has also approved the acquisition of the general entertainment broadcasting business undertaking of Reliance Big Broadcasting Private Limited, Big Magic Limited and Azalia Broadcast Private Limited, all part of Anil Ambani-led Reliance Group entities through a scheme of demerger and execution of definitive agreements in relation to such proposed acquisition..  The TV Broadcasting business of Reliance Group Entities currently comprises two operational general entertainment channels (“BIG Magic” and “BIG Ganga”) and 4 other TV licenses.

     

    BIG Magic is a Comedy channel catering to Hindi Speaking Markets. BIG Ganga is a leading Bhojpuri entertainment channel catering to audiences in Bihar, Jharkhand and Purvanchal. The channels are available on all major MSOs and DTH operators.

     

    The General Entertainment TV Broadcasting business undertaking along with its assets, liabilities, licenses, trademarks etc. shall get demerged from “BIG Magic Ltd”, “Reliance Big Broadcasting Private Ltd” and “Azalia Broadcast Private Ltd” into ZEEL through a court-approved scheme.

     

    Said Punit Goenka, MD & CEO, ZEEL: “We are pleased to announce this acquisition which further adds to our expanding universe of general entertainment channels. Big Magic gives us access to comedy genre enhancing our customer offerings. Big Ganga, a leading Bhojpuri channel syncs with our strategy of expanding into the regional markets which offers attractive growth potential. I am confident that these two channels will make the Zee Network channels more enriching for the audience and for the Company.”

     

    Said Sam Ghosh, ED and Group CEO, Reliance Capital: “We are happy to divest 100 per cent of our general entertainment TV business to Zee Entertainment. This transaction is part of our strategy to reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital.”

     

    The proposed transaction remains subject to approval of the shareholders and requisite regulatory approvals including stock exchanges, Ministry of Information & Broadcasting and the Bombay Hight Court. The transaction is expected to close in the second half of CY2017.

     

  • Raju Sarin to head Mogae Plus

    By A Correspondent

     

    Raju Sarin

    Raju Sarin has joined as head of Mogae Plus, the sales division of Mogae Media that handles monetization for FoodFood TV, Gaon Connection newspaper, and Reliance Retail activations. He will be based at the company’s Gurgaon HQ.

     

    Raju is a media industry marketing and sales veteran with over two and a half decades of successful track record of product launches, revenue expansions and new business development. He has worked as Publishing Director with Living Media, The India Today Group for the business division magazines like Business Today, Harvard Business Review, Men’s Health etc., Publisher for Mail Today, CEO with Media Transasia, managing over twenty magazines in India and Bangkok, Business Head of HT Media Magazine division, and Regional Head of MTV.

     

    Raju is a Chartered Accountant and an MBA from FMS, Delhi University.

     

    “Raju is a seasoned professional. He brings both width and depth to Mogae Plus. We are constantly being approached by third party brands to lend the strength of our sales force to them. Raju is being charged to do just that,” adds Tanya Goyal, Executive Director of Mogae Media.

     

    Joining Raju as Head of West & South operations of Mogae Plus is Sonali Ayyer. Sonali has 24 years plus of varied experience holding leadership positions in TV & Print media. After a longish stint at Zee TV, she has represented TV Asia & Sun Network (US Beam) and Imagine Movies (UAE beam) to brands in the past.

     

  • Reliance Industries issues advisory to its employees; asks them to not drink and drive

    By Devina Sengupta & Baiju Kalesh

     

    “If you’re planning to drink alcohol, also plan how to get home without having to drive yourself.” This is a fairly unusual advice for a company circular, but a high-profile car crash involving a women employee has forced Reliance Industries to issue an elaborate advisory to its about 25,000 employees on the perils of drunk driving and other inappropriate behaviour.

     

    A mail sent on June 12, hours after chairman Mukesh Ambani addressed its shareholders, RIL advised employees to ensure that those in an inebriated state are not allowed to drive.

     

    The advisory comes in the wake of relentless media coverage of an accident involving Janhavi Gadkar, who works in RIL’s legal unit, in the early hours on June 9. RIL alerted the Bombay Stock Exchange on June 13 that the senior executive with whom Gadkar had been drinking on the eveing of June 8 was its Chief Financial Officer Alok Agarwal.

     

    Agarwal was summoned by the Mumbai Police as a witness in the case. Gadkar is in judicial custody after her Audi crashed into a taxi on Mumbai’s freeway causing two deaths.

     

    According to reports, she had been drinking with colleagues the previous evening, first at the hotel Marine Plaza and later with a senior RIL executive at another pub, the Irish House.

     

    The drinking episode at the Irish House was first reported on June 11. For good measure, the advisory also warned against conduct that is “indicative of personal indiscretion” or is “socially unacceptable.” It also warned employees against breaking any law such as those on possession of undeclared foreign exchange, narcotics and prohibited wildlife items.

     

    Much of the advisory is on perils on drunk driving. “A large proportion of all drunk driving crashes occur within three miles of the start of the journey,” the mail said. “Don’t offer an alcoholic drink to someone you know is planning to drive.” The mail also asked employees to ask themselves at all times whether their conduct befits “a cultured, mature and socially responsible adult”. “It also must be kept in mind that while major lapses of law and social behaviour are usually prevented, very often seemingly minor mistakes can and do result in improper conduct.”

     

    “The advisory is self explanatory. Suffice to say by way of context it is a reminder of existing policy,” said an RIL spokesman

     

    ‘RIGHT THING TO DO’

    Human resources consultants say the company has done the right thing if the circular is a reaction to the crash.

     

    “If it is a reaction to the crash then it is the right thing to do for the company and employees need to be sent a strong message that the organisation will not tolerate any such behaviour,” says Nirmala Menon, founder of Interweave Consulting, a diversity and inclusion solutions company.

     

    “‘Firms should send out the message that they will take action if any safety measure is breached by their employees.” The RIL mail underlined the importance of using “sound judgment and demonstrate a serious sense of responsibility and maturity all the times and in official as well as personal capacities.” It also frowns upon “loud and irresponsible behaviour in public” which caused discomfort and embarrassment to others.

     

    Employees were reminded that the legal blood alcohol limit in India is 30 millilitres under the Motor Vehicles Act. But Gadkar’s blood samples showed it was thrice the permissible count, the police have alleged. Other business groups may also follow suit. Tyre-to-power transmission company RPG group plans to remind its employees about the perils of drunk driving through video message in July.

     

    Source:The Economic Times

    Copyright © 2015, Bennett, Coleman & Co. Ltd. All Rights Reserved

    Licensed to republish

     

  • Reliance Games appoints LinOpinion|GH as its PR partner

     

     

    LinOpinion|GH announced that it has won the Reliance Games business in India, in a hotly contested multi-agency pitch. The consultancy’s mandate will be to conceptualize and implement the best strategic communication routes to maximize visibility for Reliance Games and its offerings in the mobile gaming space in India.

     

    Reliance Games, the mobile gaming division of Reliance Entertainment Digital with its presence in over 70 countries is India’s leading mobile game developer.  Some of its block buster hit games include Real Steel, Real Steel World Robot Boxing, Hunger Games, Pacific Rim, Total Recall among others with over 200mn downloads world over. Globally distributed, Reliance Games’ content can be accessed through iTunes, Google Play, Amazon and Windows as well as 80 leading networks across 100 countries worldwide.

     

    Speaking on the association, Roopak Nair, Head of Marketing, Reliance Entertainment Digital said, “LinOpinion|GH brings an eclectic mix of creativity and passion for gaming and we are excited about embarking on this new journey. Mobile gaming is growing at an astounding rate and we would like to partake in the excitement with exciting games that enthrall millions of consumers and foster growth of the gaming ecosystem in India.”

     

    Kavita Lakhani, President, LinOpinion|GH, commenting on the new win said, “We are honored to partner with Reliance Games, India’s leading mobile game development company.  India has a booming mobile gaming industry and majority of its population is below 25 years.  Reliance Games’ key objective is to discover the best young Indian talent from metros and mini metros, to provide them a global platform to showcase their game creativity and development prowess. The PR campaign will focus on helping build brand salience and connect with young Indian game developers and consumers through unconventional and innovative PR ideas.”

     

  • Reliance Industries completes acquisition of Network18

    By A Correspondent

     

    HDFC chairman Deepak S Parekh and McKinsey senior adviser Adil Zainulbhai have been inducted as Independent Directors on the board of NW18. Meanwhile, RIL also informed that Raghav Bahl will continue to be on the Board of NW18 as a Non-executive Director

     

    Reliance Industries Limited (RIL) announced on Monday (July 7) that Independent Media Trust (IMT) of which RIL is the sole beneficiary, has completed the acquisition of control of Network 18 Media and Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18).

     

    Apart from nominees of IMT, HDFC chairman Deepak S Parekh and McKinsey senior adviser Adil Zainulbhai have been inducted as Independent Directors on the board of NW18. Meanwhile, RIL also informed that Raghav Bahl will continue to be on the Board of NW18 as a Non-executive Director.

     

    With the completion of this transaction, IMT and RIL have become promoters of NW18 and TV18. The open offers to the public shareholders for acquisition of equity shares of NW18, TV18 and Infomedia Press Ltd. as announced on May 29, 2014 by IMT are in process and the Draft letter of offer has been filed with SEBI for its comments.

     

  • Mediaah! Will CNN-IBN survive without Rajdeep Sardesai?

     

    Mediaah! By Pradyuman Maheshwari

     

    Rajdeep Sardesai’s decision to quit CNN-IBN isn’t like that of an employee leaving any organisation. Had he not quit NDTV in 2005, he wouldn’t have not gone on to team up with Sameer Manchanda and Raghav Bahl and set up the channel.

     

    In Bahl, Rajdeep found an able ally and his teaming up with Manchanda, one of the sharpest brains in the business, ensured that the new channel started operations near-instantly. Rajdeep quit NDTV in April and CNN-IBN went on air in December 2005, and its instant success contributed much to Bahl’s fortunes as well as image of being a television news tycoon.

     

    Until early 2008, Rajdeep and his channel were the clear leaders. They had trounced NDTV early and the year 2006 and 2007 belonged to them. Rajdeep was voted ‘Impact Person of the Year’ in 2006 and was clearly the toast of town and the must-have guest in the capital’s political circuit.

     

    However, from 2008, after much fumbling and a really terrible take-off,  Times Now started gaining ground. This columnist, then writing on exchange4media.com, commented much to the annoyance of many how Arnab Goswami was a better, more aggressive, news anchor.  If Rajdeep would frown on his shows, Arnab would ask the tough questions. He was bratty, and often abrasive, and represented the mood of the viewing masses.

     

    The November 26 Mumbai terror strike changed things dramatically for Arnab and Times Now.  It was the undisputed leader. Simultaneously there was a sense of outrage against Barkha Dutt, though not as much against Rajdeep, who was equally shrill in his coverage from the terror zone. But then so were most other television journalists, including Times Now staffers.

     

    What emerged from Arnab’s show right then and the scene hasn’t changed dramatically ever since is that there’s little else other than the Newshour on Times Now. The other popular programme is Total Recall, but that’s Bollywood nostalgia.

     

    NDTV has established a huge second and third layer, though other than Prannoy Roy and Barkha Dutt, the rest of the cabin crew  – Vikram Chandra, Sonia Verma Singh and Sreenivasan Jain – pale in comparison even as they can hold fort for a month or two. Quite like CNN-IBN where Bhupendra Chaubey was an excellent stand-in for Rajdeep on the days he took off, but is he the man who can steer the channel to the top slot amongst English news offerings? Can his interviewing skills match those of Arnab?  The answer is a clear No. Read that in 200 points, all caps.

     

    So will CNN-IBN survive after Rajdeep Sardesai’s exit? Oh, yes, it will. Just as India not just survived but thrived after Indira, the Tatas after JRD, the Aditya Birla group after Aditya Birla etc etc. Also, remember, we have had channels which have meandered directionless for years. Headlines Today, for instance. Or even NewsX.

     

    Headlines Today has seen a fresh lease of life after the entry of Karan Thapar and it will gain more respectability with newly appointed vice chair and editor-in-chief  Shekhar Gupta on air.

     

    There were rumours that both Arnab Goswami and Barkha Dutt were approached by Reliance Industries for the top editorial job at CNN-IBN. Barkha is said to have spent a few days in Mumbai recently and even though she denied the news posted by Sahara Samay on its website last week, many believe she may well accept the job now that it’s clear that Rajdeep has exited. A well-known face like Barkha’s will ensure that Rajdeep’s absence is not felt by viewers.

     

    Meanwhile, a new top deck is reportedly assuming charge at Network18 and an announcement is likely to be made on who will lead the company in the absence of most biggies in the organisation.

     

    Will Rajdeep join the India Today group, as was speculated? Or is he taking time off to write a book? Since MxMIndia doesn’t revel in breaking news or carrying wild gossip , we recommend you look up other trade sites for that. What we would like to reinforce are three things.

     

    1. Had Rajdeep Sardesai not existed or not quit NDTV, CNN-IBN would’nt have been around or at least not happened as early as December 2005. Of the various news channels, CNN-IBN has an excellent reporting team, even though many were retrenched last year.

     

    2. The success of any leader is indicative by how it manages operations after he or she leaves. Prannoy Roy has ensured that. Arnab hasn’t. You don’t want to watch the 9pm bulletin when he’s not on air. Rajdeep has a good B and C team but none of them with the same profile has him

     

    3. CNN-IBN (and IBN7) will survive for sure. But it’ll need a new face soon.  Clearly, money is not going to be the constraining factor for this recruitment. For Mukesh Ambani and Reliance Industries Limited, that’s hardly a worry. What the master and his advisors have to convince the big and famous editors is that they will be allowed to operate in a free and frank manner.  That they will be allowed to carry news which may be negative on them. Now will that will be a tough ask?

     

    There are many who  believe news journalism is doomed with the active entry of Reliance Industries in news media. That, as I have written earlier, is an incorrect assumption. Most of our big publications were set up by business houses – large or small.  Moreover,  we do know of some well-known media conglomerates indulging in corrupt or incorrect practices.

     

    If in the true spirit of business, Mukeshbhai and Reliance Industries do not devalue the brand, there is no stopping CNN-IBN and the rest of the media empire from attaining greater heights. If considerations of the rest of their businesses impact the editorial policies, the Ambanis know what happened to TheSunday Observer and the Observer of Business and Politics in the 1990s.

     

    Interesting times ahead for sure.