Issue No.33
1 January 2007
 
Condé Nast is all set to foray into the subcontinent beginning with India with the launch of Vogue in Autumn 2007, making it the magazine's 17th edition worldwide. More...
 
   
 Cybermedia acquires US-based PSI's 49 pc stake
 
Forty-nine per cent stake of US-based Publication Services, Inc (PSI) was acquired by India's Cybermedia, through its US subsidiary Cybermedia India LLC. More...
 
   
 Bennet, Coleman and Rajasthan Patrika to form JV
 
Bennett, Coleman & Co and Rajasthan Patrika, the leading Hindi daily publisher of Rajasthan state, are forming an alliance through which The Times of India would attempt to extend its English brand into a territory which till recently has been dominated by Hindi dailies. More...
 
   
 Times Group and Mid-Day form a strategic alliance
 
The Bennett, Coleman Group, publishers of The Times of India and The Economic Times, and Mid-Day Multimedia, publishers of Mid-Day in Mumbai and Bangalore, have formed a strategic alliance to jointly approach the country's various markets for mutual benefit in areas such printing, circulation, and advertising sales. More...
 
   
 IMO to get a new avatar from January 16
 
Indian Media Observer, a monthly newsletter for international publishing professionals and businesses having an interest in the growing marketplace in India, will get a new avatar from January 16, 2007. More...
 
   
 Bhaskar group launches e-papers
 
The Baskar Group's publications- 'Dainik Bhaskar', 'Divya Bhaskar' and 'Daily News and Analysis' (DNA) launched their e-paper on 1 January 2007 with the objective to extend their readership to non-resident Indians and also increase interactivity with the existing readers. More...
 
   
 New Launches :
 
" Dainik Jagran launches compact daily Inext
" Lokmat's magazine division, Cymbal Media launches 'G2'
" 'Winning Edge', a new monthly on sales and marketing, launched More...
 
 

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 Vogue set to make its Indian debut in autumn 2007
   
 
Condé Nast is all set to foray into the subcontinent beginning with India with the launch of Vogue in Autumn 2007, making it the magazine's 17th edition worldwide.

Jonathan Newhouse, Chairman, Condé Nast International said that Condé Nast would be owning and operating its own magazines instead of licensing or publishing through joint venture, unlike most other western publishers. According to him, this approach showed the magazine's deep committment to the Indian market.

Nicholas Coleridge, Vice-President, Condé Nast International, responsible for India, said that the country's current status as the world's fastest growing business market as well as its unique and fascinating culture makes the launch an exhilarating assignment.

Alex Kuruvilla, the managing director of Condé Nast India Pvt Ltd, has formed his team. Anna Harvey, a senior editor at Condé Nast International, would be part of the Indian Vogue as its editorial director.
 
 Cybermedia acquires US-based PSI's 49 pc stake

 
 
Forty-nine per cent stake of US-based Publication Services, Inc (PSI) was acquired by India's Cybermedia, through its US subsidiary Cybermedia India LLC. An option to acquire 100 per cent stake in the US company within three years has also been given to CyberMedia.

With a 50-member team and a revenue of US$ 2.7 mn in the FY 06, PSI provides a wide range of book and document production services for publishers.

According to Pradeep Gupta, CyberMedia CMD and CEO, the alliance with PSI would enable the two companies to address the content outsourcing market by giving them access to a highly experienced and quality driven team which is the next step in CyberMedia's endeavour to expand globally.

Dr. William Stout, CEO, PSI, commenting on the partnership said that the association between CyberMedia and Publication Services seems ideal in the current global publications marketplace, where the the two companies could benefit from combining PSI's editorial expertise, project management skills and CyberMedia's cost-competitive, high quality typesetting, graphics and proofreading skills. This, according to Stout, would go a long way in leading to a lasting and rewarding partnership, which would stimulate growth and increase the profits of both companies besides providing unparalled publishing services worldwide.
 
 Bennet, Coleman and Rajasthan Patrika to form JV

 
Bennett, Coleman & Co and Rajasthan Patrika, the leading Hindi daily publisher of Rajasthan state, are forming an alliance through which The Times of India would attempt to extend its English brand into a territory which till recently has been dominated by Hindi dailies.

The JV company formed in Rajasthan would cover printing, marketing and distribution of the 'The Times of India' in Rajasthan.

Jaipur-based Rajasthan Patrika would benefit from this alliance by the revenues gained from the combined advertising sales that Bennett, Coleman would do for both the JV partners.

This alliance would be Bennett, Coleman's fourth transaction of this kind with a regional newspaper in the last six months.
 
 Times Group and Mid-Day form a strategic alliance

 

The Bennett, Coleman Group, publishers of The Times of India and The Economic Times, and Mid-Day Multimedia, publishers of Mid-Day in Mumbai and Bangalore, have formed a strategic alliance to jointly approach the country's various markets for mutual benefit in areas such printing, circulation, and advertising sales.

The alliance aims to support Mid-Day's growth plans in print as well as FM radio across the country's metros.

Mid-Day's promoters are proposing an incremental investment of US $ 5.08 million, and the Bennett Coleman Group, an investment of US $ 4.75 million at the rate of 1.35 USD per share. On completion of both rounds of investments, promoters of Mid-Day would own 51% of the company's shareholding and Bennett, Coleman & CO., 6.67%.

According to a joint statement made by both Ravi Dhariwal, executive director of Bennett, Coleman and Co Ltd, and Tariq Ansari, Managing director of Mid-Day Multimedia, both papers complement each other with The Times of India holding a leadership position as a morning broadsheet and Mid-Day having a successful formula for the middle-of-the-day segment. The alliance according to them would endeavour to garner the country's major metros' larger market share of both readers and advertisers.

 
 IMO to get a new avatar from January 16

 
Indian Media Observer, a monthly newsletter for international publishing professionals and businesses having an interest in the growing marketplace in India, will get a new avatar from January 16, 2007. The new avataar, in the form of a news and b2b community networking website along with a periodic newsletter for all opt-in registered users, will focus on Indian professionals and businesses from print publishing, web publishing, television, radio and other direct media.

The new avatar of IMO, with "For you to stay informed, competitive and networked" as its catchline, will provide users a facility to submit their own news/press releases. Such articles, on approval from the IMO admin, will become part of the new avatar's news content base as well the newsletters to be broadcast periodically.

The current version of IMO, for international publishing professionals and businesses, will continue to exist and broadcast as a monthly newsletter. The archives of the previous 31 issues' stories will be gradually made available on the new avatar of IMO as well.

The new avatar, alongwith its web address/URL, will be announced through a special mail broadcast soon after its launch, when all those interested will be able to join the online community for free.
 
 Bhaskar group launches e-papers

 
The Baskar Group's publications- 'Dainik Bhaskar', 'Divya Bhaskar' and 'Daily News and Analysis' (DNA) launched their e-paper on 1 January 2007 with the objective to extend their readership to non-resident Indians and also increase interactivity with the existing readers.
 
 Other New Launches:

 
* Dainik Jagran launches compact daily Inext
Dainik Jagran launched it compact daily, Inext, in mid-December. According to Shailesh Gupta, Director, Jagran Prakashan, the daily is targeted at the Generation Next, SEC A and B1 audience of the 18 to 34 age group.

* Lokmat's magazine division, Cymbal Media launches 'G2'
Cymbal Media, the Lokmat Group's magazine division, launched 'G2' (The Global Gujarati), on December 5. The magazine is targetted at the upscale, Gujarati speaking community over the age of 25 years.

According to CEO, Cymbal Media, Pritti Kumar, the magazine aims at catering to high profile Gujaratis, their achievements and lives and would be an ad-driven and market-driven magazine.

* 'Winning Edge', a new monthly on sales and marketing, launched
Ad Astra Media, a new media company in the area of online publishing, events etc, launched, 'Winning Edge', its new magazine catering to the fresh MBAs and middle management excecutives.

According to Suhasini Kirloskar, 'Winning Edge' is a magazine that aims at approaching news and case studies in a holistic manner, which would be helpful to corporate managers and entrepreneurs.

* Rajastan Patrika launches a Hindi paper 'Daily News'
Rajastan Patrika launched a new non-english (Hindi) paper 'Daily News' in Jaipur. Priced at Rs 1.25, the daily's content would include national, international, politics, business, sports and entertainment news and other regular features.



 

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