India Today Launching Morning Newspaper?
By Sahad PV - Fri 31 Mar 2006 11:03 AM PST
Agencyfaqs.com: We also heard about this in the market. The buzz is that India Today Group is launching a morning broadsheet. Agencyfaqs has a story on this now.
It’s likely that the group would convert its afternoon tabloid, Today, into a daily morning broadsheet. Agencyfaqs says the group is planning to invest some Rs 100-150 crore in the project and that it’s also scouting for a foreign partner for it. As of now a foreign entity can take upto 26 per cent equity in a news and current affairs media business.
In any case, Indian media may be readying for another round of newspaper war. The Hindustan Times will be launching a business newspaper soon. It has appointed Chaitanya Kalbag, till recently head of Reuters Asia, as its editor.
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