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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... |
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| |
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'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... |
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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... |
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All publications - dailies and magazines - experience drop in readership
compared to the IRS 2006 Round 1, released in April 2006. More... |
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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, 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 (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... |
|
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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... |
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"
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 |
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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. |
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| US
based 'Men's Health' launches its Indian edition |
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'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.
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Times
of India buys 14 per cent stake in Gujarat's 'Sandesh'
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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. |
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Indian
Readership Survey 2006 Round 2 results out
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-
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.
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'Dainik Bhaskar' continues to hold the second spot among all the
dailies with a readership of 13480000 million.
English
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'The Times of India' leads the English pack with a readership
of 6,920,000 million.
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'The Hindustan Times' takes the second position with a readership
3,500,000 million.
Magazines:
Non-English
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'Saras Salil' (Hindi) with a readership of 6300000 million tops
the charts among non-english magazines.
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Malayala Manorama Group's weekly 'Vanitha' holds the second spot.
English
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'India Today' is the highest read English magazine.
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'Reader's Digest' follows at No. 2 position.
Business
Dailies and Magazines:
Dailies
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'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
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'Business Today' leads among business magazines.
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'Business India' comes second among the business magazines.
For
a table on the top tens (dailies and magazines) click
here |
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Destination
India-the land of promise for publicaton ventures
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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 |
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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. |
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Reader's
Digest looks towards books and home entertainment space with
India Today
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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. |
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Malayala
Manorama launches four FM stations
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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.
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*
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.
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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 |
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