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The
Indian government is likely to allow foreign newspaper companies
to set up fully-owned subsidiaries, to print their international
editions in India. More... |
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The
Group of Ministers (GoM) on print media has also recommended
allowing printing of facsimile editions of foreign newspapers
in India and hiking the syndication levels in Indian newspapers.
More... |
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VDZ,
the magazine publishers association of Germany, and Publishers Association
of Switzerland will take a delegation of publishers to India in the
first week of October, 2005. More... |
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Foreign
investors seem to be investing in Indian media and entertainment
sector with a vengeance. In the first four months of 2005 alone,
over Rs 150 crore (about US $ 36 million) has been pumped into various
domestic media companies. More... |
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Bombay
is heading towards a mega newspaper war in terms of new launches
and revamping. Launch announcements of Hindustan Times (HT) and
Daily News and Analysis (DNA) are resulting in an unprecedented
market frenzy. More... |
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The
Hyderabad-based Deccan Chronicle Holdings, publisher and owner of
Deccan Chronicle which had a 20 per cent stake in The Asian Age,
has announced that it has acquired additional 67 per cent stake
in Asian Age Holdings, publishers of The Asian Age, for Rs 17.10
crore (about US $ 4 million), taking its total holding to 90 per
cent. More... |
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A
newly published research study on the Indian yellow pages market
has concluded that the sector is at a key stage in its development
and presents an attractive investment opportunity for domestic and
overseas investors. More... |
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Next
Gen Publishing launches Forbes Yellow Pages in Delhi; Rajasthan
Patrika launches new city magazine 'Metro 141'; Tribune to launch
Jalandhar edition from July 1 More... |
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Indian Media Observer is a monthly newsletter, the current issue
of which is being broadcast obligation-free to several publishers
through their respective trade bodies as well as to Chronosphere’s
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PREVIOUS
ISSUES
May
1, 2004 | June
1, 2004 | July
1, 2004 | August
1, 2004 | September
1, 2004
October
1, 2004 | November
1, 2004 | December
1, 2004 | January
1, 2005
February 1, 2005 | March
1, 2005 | April
1, 2005 | May
1, 2005 |
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| International
editions likely to get ok in India |
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The
Indian government is likely to allow foreign newspaper companies
to set up fully-owned subsidiaries, to print their international
editions in India.
The Group of Ministers, set up
by the federal government to review the policy on investments
in the print media sector, has proposed that any foreign papers
wanting to print in the country will have to take prior permission
from the Foreign Investment Promotion Board (FIPB).
Also a condition has been laid
that the newspaper titles will have to be registered with the
Registrar of Newspapers of India (RNI) and will also have to set
up a registered office in India before these can be brought to
the country.
The GoM is also expected to recommend
that the Indian editions of the international newspapers should
not have content and advertisement generated in the country.
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| Facsimile
editions of foreign newspapers may be allowed: GoM |
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The Group of Ministers (GoM) on print
media has also recommended allowing printing of facsimile editions
of foreign newspapers in India and hiking the syndication levels
in Indian newspapers.
While the
Group has not touched upon the issue of increasing the foreign
direct investment levels from the present 26 per cent in newspapers
and 74 per cent in scientific and technical publications, it has
favored a "certain degree" of permitting foreign institutional
investors to make investments within the present limits.
It has also
been reported that the final recommendations will be sent to the
Cabinet in the next two-three weeks for approval.
Meanwhile,
it is also understood that the Group is likely to recommend a
hike in syndication levels in Indian newspapers from the present
7.5 per cent to around 15-20 per cent.
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| German,
Swiss magazine publishers to visit India |
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VDZ, the magazine publishers association
of Germany, and Publishers Association of Switzerland will take
a delegation of publishers to India in the first week of October,
2005.
Scheduled to visit the cities of New Delhi and Mumbai, the delegation
will visit publishers, printing presses, advertising agencies and
media research companies to understand the Indian market.
The visit, being coordinated in association with publishing consultancy
and services firm Chronosphere, will also include round-table meetings
in both the cities to interact with a larger number of publishing
and media professionals.
International publishers desirous of joining the delegation may
contact VDZ's Kai Helfritz at k.helfritz@vdz.de (Tel: +49 (30) 72
62 98-117. Indian publishing/media professionals desirous of meeting
the delegation may contact Chronosphere's Bhupesh Trivedi at publisher@chronosphere.biz
(Tel: +91-22-93 2424 6639).
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| Foreign
investments in Indian media touch US $ 36 m in 4 months |
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Foreign investors seem to be investing
in Indian media and entertainment sector with a vengeance. In the
first four months of 2005 alone, over Rs 150 crore (about US $ 36
million) has been pumped into various domestic media companies.
Compare this with Rs 113 crore that flowed in to the sector during
the entire 2004 (excluding the investment by Independent News &
Media, Ireland, whose stake in Jagran was just approved by the ministry).
As is being
reported in IMO regularly, there are 60 more proposals for title
clearance awaiting the government's approval. Approvals of these
proposals will also see more investments coming into the media sector
in the country. |
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| The
battle for Mumbai's English daily advt revenue hots up |
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Bombay
is heading towards a mega newspaper war in terms of new launches
and revamping. Launch announcements of Hindustan Times (HT) and
Daily News and Analysis (DNA) are resulting in an unprecedented
market frenzy.
Expecting
to make significant dent into the almost monopolistic situation
enjoyed by the Times of India, new entrants like HT and DNA are
setting up their captive printing units at Airoli and Mhape townships
respectively in the city of Navi Mumbai, which lies to the north
east of Mumbai.
The
Times of India group recently launched a newspaper called the Mumbai
Mirror in response to other launch announcements, but has received
lukewarm response so far, because, as many believe it to be a hasty
job half done.
HT,
incidentally, has kicked off a market survey in Mumbai on the lines
of DNA's consumer contact program, though the scale is much smaller
to that of DNA's. DNA's survey involved a massive 1.1 million households
and is also more on a muted level. The paper appears to be preparing
for an early-July launch.
After
poaching on editorial staff from existing newspapers, the new entrants
have even started poaching employees from the marketing, distribution
and production departments.
HT
surveyors are giving away calendars along with letters as mementos
to people who have participated in the survey, while DNA is distributing
merchandise such as pens, notepads, caps and T-shirts.
On
the other hand, the fledgling Indian Express group has joined hands
with Mumbai evening Mid-day, with the announcement of joint advertisement
rate cards. |
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| Deccan
Chronicle buys additional 67 % in Asian Age |
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The Hyderabad-based Deccan Chronicle Holdings,
publisher and owner of Deccan Chronicle which had a 20 per cent
stake in The Asian Age, has announced that it has acquired additional
67 per cent stake in Asian Age Holdings, publishers of The Asian
Age, for Rs 17.10 crore (about US $ 4 million), taking its total
holding to 90 per cent.
According
to sources, the move was made so that the Deccan can get a national
presence. Through the acquisition, Deccan Chronicle Holdings gets
a presence in the advertising markets of Mumbai, Delhi, Kolkata,
Bangalore and London.
Deccan
Chronicle, which already held a 23 per cent stake in Asian Age,
bought out 26 per cent from Mr. M.J. Akbar, 23 per cent from United
Breweries, 15 per cent from Zee Telefilms, and three per cent from
its promoter, Mr. T. Venkatram Reddy. Mr. Akbar will continue to
be editor of the newspaper.
The
company expects to turn in 100 per cent growth in topline in the
current year to Rs 280-300 crore. Profit after tax is seen growing
at 75 per cent over the previous year.
The revenue and the brand ownership will be transferred to Deccan
Chronicle. |
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Next Gen Publishing launches Forbes Yellow
Pages in Delhi; Rajasthan Patrika launches new city magazine 'Metro
141'; Tribune to launch Jalandhar edition from July 1
After the huge success that Next Gen Publishing Limited got
by introducing Forbes Yellow Pages - FYP in Ahmedabad early
this month, the group launched its first issue in the Delhi
market.
Rajasthan Patrika has added a new city magazine called Metro
141 to its stable. The magazine is with a trendy layout, features
and design, and is a magazine about changing lifestyle. At present
the magazine is given as a complimentary gift in Jaipur along
with the main newspaper.
Tribune, the leading English daily of North India, is preparing
to launch its edition from Jalandhar. This will be the fourth
edition of this newspaper that is currently published from Chandigarh,
New Delhi and Bhatinda.
Tribune will achieve the distinction of being the only English
newspaper with a separate edition from Jalandhar. The upcoming
Jalandhar edition will cater to the Jalandhar, Amritsar, Pathankot
and Jammu markets.
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The
newsletter - Indian Media Observer - is produced by Chronosphere’s
CEO Bhupesh Trivedi personally.
Chronosphere is based at B205, Nirman Palace, Pump House, Andheri (East),
Mumbai – 400093, INDIA |
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