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Akbar may be leaving 'Asian Age'

Deccan Chronicle Holdings Ltd, publisher of Deccan Chronicle and majority owner of Asian Age Holdings, which publishes the Asian Age, and MJ Akbar, editor-in-chief of both dailies, are parting ways, Mint has reported quoting anonymous sources. There have been ongoing disagreements between Akbar and Deccan Chronicle over the terms of stake dilution in Asian Age Holdings.

Deccan Chronicle increased its holding in Asian Age to 90 per cent in May 2005. Prior to that, it had held about 23 per cent in the newspaper. Akbar holds a part of the remaining 10 per cent in the company he founded in 1993.

Date posted: February 9, 2008 Last modified: May 23, 2018 Total views: 262