Issue No.31
1 November 2006
 
Times Of India Group and Hindustan Times Media have officially announced their 50:50 joint venture. The title of the JV's standalone business' common morning 'compact' is yet to be finalised. More...
 
   
 US based 'Men's Health' launches its Indian edition
 
'Men's Health', the US based men's lifestyle magazine, was launched by the India Today Group in India on October 19, making it the monthly's 37th edition.

Ashish Bagga, CEO, India Today Group, speaking about the strategy behind the launch said that the India Today group recognises the fact that niche media is required to capture the attention of special interest groups, More...
 
   
 Times of India buys 14 per cent stake in Gujarat's 'Sandesh'
 
Times of India, bought 14 per cent stake in the non-english daily from Gujarat, 'Sandesh'. Under the Business Cooperation and Arrangement Agreement (BCAA) inked on October 10, 2006 between Times of India Group and Gujarat state's Sandesh Ltd, both companies would cooperate with each other in certain areas of their respective businesses, including advertising sales, distribution and printing. More...
 
   
 Indian Readership Survey 2006 Round 2 results out
 
All publications - dailies and magazines - experience drop in readership compared to the IRS 2006 Round 1, released in April 2006. More...
 
   
 Destination India-the land of promise for publicaton ventures
 
The Indian Magazine Congress 2006 - was held in Delhi on 30 - 31 October 2006. Organised by the Association of Indian Magazines (AIIM) and the Indian Newspaper Association (INA), the congress discussed topics such as the challenges, obstacles, opportunities, the current trends, and future of magazine business in India. More...
 
   
 UK based Goldshield launches 'Complete Wellbeing'
 
UK based Goldshield, a pharmaceutical and healthcare company, promoted by Ajit Patel launched a wellness magazine called 'Complete Wellbeing' in India. The magazine targeted at men and women belonging to the metros and mini metros hit the stands on November 1, 2006. More...
 
   
 Reader's Digest looks towards books and home entertainment space with India Today
 
Reader's Digest (RD) launched a wholly-owned subsidiary, Reader's Digest India Book and Home Entertainment (RDIBHE), in a management agreement with Living Media India Ltd, for expanding its brand's presence in India. More...
 
   
 Malayala Manorama launches four FM stations
 
Malayala Manorama Group that publishes the Malayala Manorama Daily and the bi-weekly Vanita, among others has plans to introduce four FM stations before the first quarter of 2007. More...
 
   
 New Launches :
 
" India Today Group launches 'Money Today'
" Pioneer forays into wellness and lifestyle space with 'Exotica'
" Dainik Bhaskar launches its Sagar edition. More...
 
 

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 The embrace of the print titans - it's official now
   
 
Times Of India Group and Hindustan Times Media have officially announced their 50:50 joint venture.

The title of the JV's standalone business' common morning 'compact' is yet to be finalised.

Both the vice-chairperson, HT Media Ltd, Shobhana Bhartia and Vineet Jain, managing director, Bennett, Coleman & Co Ltd (The Times of India Group's parent company) had similar views that the JV would enable both the companies to deliver high quality editorial to the readers as well as provide the best value to the advertisers.

The morning 'compact', a product of the two print giants' standalone JV business, will keep the reader's changing needs in mind as well as Delhi's emergence as an international city.

Sameer Kapoor, ex-managing director, Scholastic India, would be heading the venture as the CEO or President.
 
 US based 'Men's Health' launches its Indian edition

 
 
'Men's Health', the US based men's lifestyle magazine, was launched by the India Today Group in India on October 19, making it the monthly's 37th edition.

Ashish Bagga, CEO, India Today Group, speaking about the strategy behind the launch said that the India Today group recognises the fact that niche media is required to capture the attention of special interest groups, with a wide variety of information sources available in today's attention-dwindling times and it is part of the company's growth plan to identify such niche areas and bring well-respected international media brands into India.

With a tagline 'The magazine men live by', 'Men's Health' aims to cater to men, who are professionals, successful, as well as active and conscious about having control over different aspects of their lives, physical, mental and emotional.

The magazine will have an initial print run of 50,000 copies and has roped in DNA's Jamal Shaikh as the Editor. Shaikh has over 12 years' experience and has a keen interest in health, fitness, sport, and has worked in the international media as well.
 
 Times of India buys 14 per cent stake in Gujarat's 'Sandesh'

 
Times of India, bought 14 per cent stake in the non-english daily from Gujarat, 'Sandesh'. Under the Business Cooperation and Arrangement Agreement (BCAA) inked on October 10, 2006 between Times of India Group and Gujarat state's Sandesh Ltd, both companies would cooperate with each other in certain areas of their respective businesses, including advertising sales, distribution and printing.

According to Falgunbhai Patel, Chairman and Managing Director, Sandesh Ltd, with the Indian print media evolving, the time is right for capitalising on the synergies between strong regional players and national players. He also added that the partnership would benefit both the groups as well as help create shareholder value and the BCAA would enable both the groups to bring about a vibrant and nascent market by drawing on each other's strengths and competencies.

Vineet Jain, MD, Bennett Coleman & Company Ltd (BCCL), Times of India Group's parent company said that he was confident that the BCAA would be able to meet the Gujarat's reader's new aspirations and increase the daily's market presence.

With five editions, Sandesh has a strong readership base of over 4.5 million in Gujarat.

 
 Indian Readership Survey 2006 Round 2 results out

 

Overall Result:

  • All publications - dailies and magazines - experience drop in readership compared to the IRS 2006 Round 1, released in April 2006.
  • Average Issue Readership (AIR) of dailies show that the reach has declined from the 21.6 per cent in Round 1 to 21 per cent in the second round.
  • Magazines have experienced drop both on Average Issue Readership (AIR) - the drop is from 7.3 per cent in Round 1 to 6.4 per cent in Round 2 and Claimed Readership (CR) -the drop is from 14.3 per cent to 13.6 per cent.

Dailies:
Non-English

  • 'Dainik Jagran' is the No.1 publication among language dailies with a readership of 18,190,000 million.
  • 'Dainik Bhaskar' continues to hold the second spot among all the dailies with a readership of 13480000 million.

English

  • 'The Times of India' leads the English pack with a readership of 6,920,000 million.
  • 'The Hindustan Times' takes the second position with a readership 3,500,000 million.

Magazines:
Non-English

  • 'Saras Salil' (Hindi) with a readership of 6300000 million tops the charts among non-english magazines.
  • Malayala Manorama Group's weekly 'Vanitha' holds the second spot.

English

  • 'India Today' is the highest read English magazine.
  • 'Reader's Digest' follows at No. 2 position.

Business Dailies and Magazines:
Dailies

  • 'The Economic Times' is the clear, undisputed leader among financial dailies.
  • 'Hindu Business Line' takes the second position with a readership of 147000 million.

Magazines

  • 'Business Today' leads among business magazines.
  • 'Business India' comes second among the business magazines.

For a table on the top tens (dailies and magazines) click here

 
 Destination India-the land of promise for publicaton ventures

 
The Indian Magazine Congress 2006 - was held in Delhi on 30 - 31 October 2006. Organised by the Association of Indian Magazines (AIIM) and the Indian Newspaper Association (INA), the congress discussed topics such as the challenges, obstacles, opportunities, the current trends, and future of magazine business in India. Delegates belonging to the publishing business both from across India and abroad offered their views.

Some highlights of the congress were:
1) Announcements by the Information and Broadcasting Minister:
The Information and Broadcasting Minister, P. R. Das Munshi made some important announcements regarding the magazine industry They include separate 'Directorate of Audio Visual Publicity' '(DAVP)' rates for newspapers and magazines after March 31, 2007, liberalisation of 'Registrar of Newspapers for India' '(RNI)' rules, modification in the 'Press Information Bureau' '(PIB)' Act, and formation of a self regulatory body to check media content, among others.

Das also added that currently, the Print Media Policy of 2005 was being observed by the industry, but the Government was open to further modifications if it benefited the industry.

Talking about FDI in print media Das Munshi said that the government had allowed 26 per cent FDI in news and current affairs publications and 100 per cent FDI in the non-news and non-current affairs journals. However, he said that the government had taken a liberal view of FDI.

On being asked as to why there were still restrictions on business and news content and how they could be opened up for foreign content, the Minister replied first it should be decided as to in what dimensions it should be opened up. He further said that the government had an open mind about it and was all for first preparing a test ground regarding a level playing field for foreign as well as Indian magazine players.

2) Present and future of the Indian Magazine Industry:
Ashish Bagga, CEO, India Today Group in one of the sessions made observations about the current scene in the Indian magazine industry and said that there has been an unprecedented growth in mainstream magazines, niche publications and B2B periodicals in India. The relatively liberalised policy regime laid down by the Indian government in the areas of licensing and syndication for print media have benefited the magazine industry by enabling the print companies to get the government's approval in just a year for 50 applications. He also added that there was still room for improvement compared to newspapers and other media forms in areas such as its share of advertisement revenues. Other area where magazines are facing challenges are - real-time constraints such as unrealistic norms for certifying paid circulation by the Indian ABC causing a mass exodus of magazines from its membership; research methodologies for national research studies were skewed towards newspapers; and huge pressure of talent acquisition and retention

In another session on the discussion about the future of magazines Aroon Puri Chairman and Editor-in-Chief, India Today ', saw a future where the cover prices of the magazines would go up, which according him was a healthy development. He also added that the opening of the print policy in terms of FDI and licensing would expand the market.

Aroon Purie, editor-in-chief, 'India Today', observed that the advertising spend on Indian magazines, in the past six months had grown by 31 per cent as well as the circulation.

3) The International perspective on Indian Magazine business
Micheal Brennen, president, Latin America, Reader's Digest giving his view on why he saw India as a promising market said that the vibrancy of India's democracy, the remarkably rapid growth of its market, the presence of a large community of English speakers which reduces the requirement of localising content, India's comparatively low-cost and reliable postal system as well a significant percentage of educated employee's, implying the presence of a potential market for print publications.

Brennen further sharing the general sentiment of the international publishers said that they all felt that it was comparatively easier to do business in India than China but less easy to make much profits and along with that is the problem of time wastage in gaining governmental approvals.

The Indian market, according to Carel Limburg of AxelSpringer, shows a lot of potential for joint ventures, licensed product and acquisitions.

Donald Kummerfeld, President of FIPP, UK (International Federation of the Periodical Press), said that most of the players are entering the Indian market as a long-term strategy, and wanted to find a definite time period for the gestation process, be it five years, 10 years or 15 years.

4) The inadequacy of the readership surveys:
Readership surveys were high on the agenda at the Indian Magazine Congress held in New Delhi. According to Sam Balsara, chairman and managing director, Madison Media said that the survey did indicate that the percentage of reach of the magazines was decreasing and that magazines need keep in mind the sharp literacy growth in the country and keep pace with it.

The panel was unanimous in its opinion that today's readership methodologies were inadequate for magazines, especially niche publications. Das of Hansa Research, the research organisation behind Indian Readership Survey (IRS), confessed that readership surveys do not do justice to the small media publications.

Krishnan throwing light on the reason as to why the readership methodologies are inadequate explains that the distribution pattern often varies among the magazines unlike television where a mass channel or a unique content channel is on the same platform.
According to Das specialised surveys for special audiences could be the answer to evaluating niche magazines. He also suggested that another way for magazine publishers to agree on a common and separate currency for niche magazine.

There was also universal agreement that the focus should be on finding ways to market the media product more effectively.

5) Role of digital Media in print business:
While discussing about the role of digital media in the in the print business, there was a general agreement among the panelist that digital media was more beneficial instead of being a threat to the magazines as it provided low-cost opportunity in terms of distribution. According to Donald Kummerfeld, President, FIPP, ways of optimising the benefit of search engines needed to be found, which according to him offered both challenge as well as opportunity.

According to Sanjoy Narayan, Editor, Business Today the digital space compared to magazines in India was very small and whether the space was taken by paid of free site, neither was there any magazine site in the top websites nor was there any successful paid magazine website in India

 
 UK based Goldshield launches 'Complete Wellbeing'

 
UK based Goldshield, a pharmaceutical and healthcare company, promoted by Ajit Patel launched a wellness magazine called 'Complete Wellbeing' in India. The magazine targeted at men and women belonging to the metros and mini metros hit the stands on November 1, 2006.

Claimed as being a 'feel-good lifestyle' product, according to Manoj Khatri, editor-publisher, 'Complete Wellbeing' is targeted at people who have reached a certain stage of life, are doing really well and are looking forward to satisfying their higher needs. These needs can be emotional, psychological or related to health and the magazine aims to treat these issues in a holistic manner in a language comprehensible to even a layman.

 
 Reader's Digest looks towards books and home entertainment space with India Today

 
Reader's Digest (RD) launched a wholly-owned subsidiary, Reader's Digest India Book and Home Entertainment (RDIBHE), in a management agreement with Living Media India Ltd, for expanding its brand's presence in India.

Mike Brennan, Reader's Digest's President, Latin America/Asia Pacific speaking on the India operations said that to grow as a company, identification of more area would be required in order to augment the brand's presence in the country.

Living Media India (India Today Group), a licensee of the Reader's Digest, also holds equity in RDIBHE.

Plans of launching a Hindi edition of Reader's Digest are also being discussed.

 
 Malayala Manorama launches four FM stations

 
Malayala Manorama Group that publishes the Malayala Manorama Daily and the bi-weekly Vanita, among others has plans to introduce four FM stations before the first quarter of 2007.

The brand name of the Group's FM venture is yet to be finalised.

The Group had recently also launched a 24-hour news and entertainment channel.

 
 Other New Launches:

 
* India Today Group launches 'Money Today'
The India Today Group continues its launching spree with the launching of another magazine 'Money Today', a much talked about and anticipated personal finance fortnightly. This launch follows just a week after the launching of two other international titles, 'Harvard Business Review South Asia' and 'Men's Health'.

Targeted at 30-40 years' age group, the guiding light behind the magazine is the 3Cs principle of clarity, credibility and comprehensiveness. The magazine would be offering down-to-earth advice on major aspects of relevance in the financial domain like stock markets, mutual funds, insurance, banking, taxation, real estate and retirement planning. Besides, areas like new businesses and careers would be covered by the magazine.

* Pioneer forays into wellness and lifestyle space with 'Exotica'
Launched in Delhi on Saturday, October 7, 2006, 'Exotica' is an offering from 'Pioneer'. With the tagline 'Mantra for your well-being' the English daily and is aimed at the 35-plus executives. A holistic magazine, 'Exotica' will focus on de-stressing and encouraging people to be themselves through healthy living without being preachy.

* Dainik Bhaskar launches its Sagar edition
Close on the heels of launching its Amritsar and Jalandhar editions on October 8, the Bhaskar Group launched another edition, this time in Sagar, Madhya Pradesh, on October 14. The edition was launched with 40,000 copies

* Amar Ujala launches Aligarh and Gorakhpur editions
Amar Ujala lauched its Gorakjpur edition in the month of October and has plans to bring out its Aligarh edition in the first week of December. With the Aligarh and the Gorakhpur editions, the paper will add its ninth and tenth editions, respectively.

*CyberMedia launches fortnightly, 'Voice&Data Connect'
CyberMedia launched its fortnightly, 'Voice&Data Connect' on December 1. The target readers of the 36-pager would be the telecom group's distributors, dealers, retailers, resellers, service providers, mobile manufacturers and broadband providers.

*Next Gen launches an exclusive commercial vehicle industry magazine
Next Gen Publishing Ltd, a JV between the Forbes Group and HDFC Ltd, launched a magazine dedicated exclusively to the commercial vehicle industry, 'CV' (commercial vehicle).

*Next Gen's another special interest genre offering - 'The Ideal Home and Garden'
Next Gen launched another special interest magazine, 'The Ideal Home and Garden' ('TIHG') dedicated to young homemakers, making it their sixth launch in 18 months. The magazine will carry topics such as house fashion, garden ideas, easy makeover suggestions, value-for-money shopping both at home and abroad and great gadgets.

*Planman Media launches 'The Sunday Indian'
The Planman Media, a division of the Planman Consulting, launched a lifestyle magazine, `The Sunday Indian'. The magazine would be featuring contents such as news, politics, lifestyle, economic trends, entertainment and global columnists -tailored to suit Indian readers.

*Approach Communications, to launch a rural sector fortnightly 'Gramin Today'
Approach Communications, a marketing communication organisation, plans to launch 'Gramin Today', a fortnightly for the Indian rural sector, on November 25th. The magazine aims to fill the gap between the available Hindi publications and the rural target audience.

 

The newsletter - Indian Media Observer - is produced by Chronosphere’s CEO Bhupesh Trivedi personally.
Chronosphere is based at Unit-7, H Govindji Compound, New Nagardas Road, Andheri (East), Mumbai – 400069, INDIA