Ad Here  
February
March
April
May
June
July
 
 
Airlines in India: cost and space No mega rail project for Tamil Nadu Tatas moving out of urea production... Dr C Rangarajan returns to Chennai When TN politicians can emulate Kerala's Excel Generators provide the vital back-up TN-leverage strength of BHEL, NLC... Plummeting profits of PSBs Gay abandon in pricing Music happens Marketing expert Balagopal is no more New IT products of Ramco in the pipeline… Auto components surge… Permanent secretariat for TN GIM Wanted: a second airport for Chennai Return to king coal for urea... Naidu will soon build a new Hyderabad GNS - 100: our first subscriber An inexplicable neglect Haul over the coal Quality education through the PPP mode Whistle-Stop Tour of Raghuram Rajan Increasing non co-operation of state leaders The Jan Dhan bonanza Waning interest in public discussions… Nuclear power at the nucleus IAS invades NDDB... Should we change the official year? SoA @ 80 A professional at the helm of IRDA... Sri Lanka votes for change China invests in India Shale gas and its shallow future Bihar elections - the Rajaji formula worked No engine for this car S Ramanathan – a versatile musician, musicologist GM Technology at last! Insurance companies bleeding, yet no decision on increasing FDI limit! A more liberated TN… Bihar – Nitish Kumar adopts the Lalu model A think tank for Chennai Eternal support for capitalisation of PS banks Muffled voices for merit… Land reclamation from sea appears cheaper! Rahman at CIC Five star activism stalls development activity Russi Mody – a tribute Odisha: spectacular win by Naveen Patnaik A friendly business group The ‘Ayyo-yes’ is no more Medical costs hit the roof... Adapt Vajpayee dinner diplomacy L&T- the specialty of special purpose vehicles Reliance’s TV – 18 ready to launch Tamil News Channel Like Hinduism: many paths to reach God... Wise Presidents Tribute Make standards certification mandatory... Streamlining mandatory third party cover TIAM turns a full cycle R Sridhar steps down as CEO of Shriram Capital Fuel for thought Focus on quality of power - its only around 170-180V Kudos to NDTV... Tribute – Manikam Ramaswami Demise of a media baron... Air Asia India will set new benchmarks for budget travel Tribute – M V Murugappan Rs.1600 crore paper board plant of TNPL How Air-India loses customs... PPP mode for upgrading Corporation Hospitals Banning booze... Come elections, come advertisements... Tax agriculture Intellectual of rare qualities Why land prices zoom in TN? The power-full Hindujas Lalu’s envy, India’s pride F C Kohli - his concerns all embracing The few handicaps... Engineering seats go abegging A welcome initiative by the judiciary Sweet news for TN sugar mills Convulsions in The Hindu The rise and rise of KCP to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Inflation: are we emulating Argentina and Brazil? WTO Meet: resolved to meet again Which side are you, Montek? The nuclear option Tough task taking states together Infrastructure funding – lessons learnt Readers' Mail Colour-Chem’s colourful KRVS The star of Spencers is no more The balancing act Pharma – overdose of copying For whom the MIDS bell tolls? When nations steal growth from one another… Where a state respects its litterateurs… B H Kothari - a tribute Funding the un-funded Editor's Says Welcome changes that testify to Jayalalithaa’s return to health Kulandai was a giant Tribute – UCAL Selvan… Diamond jubilee of Egmore Samskrt School Boy, can you beat these? A yen for wastage… The Gulf aviation boom A Grand Finale for SN’s MS centenary at the US… Small units prefers to remain small... He saved millions from starvation... EVM is tamper-proof Protest masters... Revving up the manufacturing sector Delhi is distant… More Shakthi to Das’ elbow MHC should not return to its old indisciplined ways He continues the focus on social amelioration Poor quality of university VCs CII projects higher growth… A proud Madrasi An informal presentation - analytical, forward locking... Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Mersal magnified Why this malaise in medical education? When online building permits work…. Strengthen the base... TN – agglomerate land holdings without alienating ownership Fortune for Indian Airlines Delhi Chalo... This scant respect for Law EEC at the National Media Centre Welcome GST No Maha Koottani in TN... L&T: focus on infrastructure and more infrastructure… Paytm karo... Don’t seem to feel the pulse… A Grand Finale for SN’s MS centenary at the US… When Ratan Tata visited SRM Solar, solar everywhere … Mu Sigma – is no more The why of tax incentives Godspeed, Chief Minister JJ Road development slows down Where is Rajaji? IPL - no surprise this scam Making ‘my Amaravati’... Telangana in top gear… Shaming of Tamils by Tamil farmers at Delhi Things happen by accident and not by design... Naidu’s return augurs well for Seemandhra London, London Narayan Limit foreign borrowings to hi-tech, export potential projects... Noble nonagenarians... Parliament in paralysis... Not just in-laws (and outlaws); they’ve renowned academics at the helm! Roaring Ro-Ro facility More Shakti to resource mobilisation... Multi-faceted Venkat Build close rapport with business leaders Poor representation for Kerala and TN in Cabinet When small is no larger beautiful.. Sweeter prospects for sugar Welcome thrust on trade in Modi’s foreign visits... The rise and fall of Annamalai University Computation of GDP – conundrums continue Modi and the lady Cleaning Ganga – relocate tanneries and install electric crematoria TGS- The king storyteller Liberal imports idling indigenous capacities Fall in crude prices help in oil sector reform Contrarian cousins Measuring roof tops in terms of KW/MW Of course, Gujarat is vibrant Padma Bhushan for A Ramakrishna Gas is the way forward Adharma of opposition politics The Swadeshi Trump Secularism and anti-Hinduism Preserving for the future The ‘Jayanthi Tax.’ Delhi returns to BJP A C Muthiah – his munificent bequeaths to science More heat than light PC’s preference for professionals TELANGANA at last…BUT Cutting the nose to spite the face The sea- saw battle continues... Remembering Indira Sivasailam... Alexa – Talking Wikipedia Solar thermal shines… IPL type auction for VCs? Welcome focus on core competence Lesson from Chandrababu Naidu Shanti and Sadhana through Music Put expensive assets created to use... Recognition to role of NBFCs.... CSR and CMI: promise of another Srinivasan Ramanujan... An enemy’s enemy is a friend Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai A glass full of corruption Editor's Notes The brown list of Venkitaramanan Vibrant Gujarat S V Raju – a ‘good’ true liberal Fortune 500 review Align crops to agro climate endowments… A rich pool of talent not utilised…. Silver Years of Madras Musings The Ports’ Pasha expands into Tamil Nadu For whom the bell tolls? West Bengal: mindless malignancy Kinetic Karnataka Revive development banks... …and of a popular trade leader Breaththrough in malaria control When the President was rendered homeless… All eyes on Sankara Nethralaya There was flood of milk. Reason: no milk commissioner! Discoms deserve better… Scientists urged to take up farmer-oriented research Moily’s bold thrust CIPET hqrs to stay at Guindy – for the present? Maximising the micro pricing … Delhi is distant TN accounts for the largest recruits by the IT sector ONGC at KG Basin Quality silica from Neyveli Tihar, Puzhal not different from Parappana Agrahara Towards speedy justice Online not in line with brick and mortar businesses... Valli, they are more marginalised Another Indian music maestro at the UN CRS, a jewel among managers, is no more. More tributes to GR Robber barons everywhere Shipping woes of Chennai companies Tatas moving out of urea production... Building loyalty through the stomach Polls and promises Cement prices continue to rise… Modi storms Silicon Valley
 
Convulsions in The Hindu

The Hindu family dissensions again hit the headlines. Malini Parthasarathy resigned as the Editor of the paper within days of the launch of the Mumbai edition made with a lot of fanfare. This was ahead of the change expected at the board meeting scheduled a couple of weeks later.

For over 130 years Kasturi & Sons, publishers of The Hindu had a smooth, comfortable and profitable run. Controlled by the family elders of the Kasturiranga Iyengar dynasty, the business dominated the media scene, especially in the south, with little competition. Several of the scions also excelled in accessing technology and management expertise. A generation ago with their interests limited to music, racing and travel, G Kasturi, along with his elder brother G Narasimhan were fully focussed on managing the paper. They helped the company switching rapidly to information and communication technology. In quick succession the paper introduced facsimile editions, electronic typesetting and sophisticated printing facilities, both in Chennai metro and at de-centralised printing outfits in several cities.

The near monopoly position enjoyed by the paper as the premier print medium in English in the south was challenged by other print houses, notably The Times of India. The Hindu tried to meet this by engaging in a price war and also changing many of its rigid stances in regard to advertisements and discounts. It adopted many of the profitable practices of TOI eg.cover jacket ads.

Simultaneously, the business house also experienced the fissures widely seen in the batons passing to the younger generation. In a first major coup, the leadership of G Kasturi was challenged by the combined strength of the children of Narasimhan, Parthasarathy and Rangarajan; his term was ended and N Ram assumed leadership with N Murali as the Managing Director and his other brother N Ravi as Editor with liberal positions for other cousins, 12- all directors of the board.

The next break came when Ram could not play ball and hand chairmanship to Murali and the latter moved out as the MD. Siddharth Varadarajan from outside the family was appointed Editor with a couple of senior executive positions going for recruits from outside, notably TOI. In this arrangement, all the executive positions held by the family members were stripped, entitling them only for the perks and fees as directors.

The next change came with family members demanding executive positions back. The re-grouping of the directors rendered Ram’s position weak. Varadarajan and the COO were shunted out and Malini Parthasarathy took charge as editor.   McKinsey that earlier suggested major structural reforms, including launching a Tamil edition, also provided one of its senior partners, Rajeev Lochan to take charge as Managing Director. For the first time a couple of non-executive directors from outside the family –

S Mahalingam (formerly TCS) and Vinita Bali (Britannia) joined the board.

Malini’s term was not smooth. The new editor had her own predilections and prejudices. Several journalists finding her style of leadership not agreeable quit under VRS. There was also the rumbling over a huge expenditure incurred on the Mumbai edition promoted by her. At the home base, the print publication of Sportstar stopped and the Tamil edition continues to struggle to meet competition from the well-established Daily Thanthi and Dinamalar.

    In the recent re-groupings Malini’s groupwas in the minority. Ahead of the board meeting, she tendered her resignation. There was curiosity over the deliberations at the board meeting post-Malini’s resignation. The only thing that leaked: raising the price of a meal by over 200 per cent to Rs 10 a day (it was Rs 3 earlier). For decades, The Hindu canteen was considered the most attractive spot at Kasturi Buildings. Employees in the general shift liberally dropped in late hours to avail the cheap food. In the night shift of around 40, average attendance used to be a couple of hundreds! One wonders if The Hindu would be equal to criticising  the oil pricing jerks of the NDA II government. One may expect the Readers’ Editor, the paper’s gloriously-called Ombudsman, ponder over this in his Monday column.

Rajeev Lochan is bound to have more plans to cut costs and increase revenues. TOI and other media majors offer a lot to emulate. A five day week can be the next option.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com