Companies

Nothing is sacred except the flagship newspaper, New York Times Co said on Tuesday, addressing investor concern over a sluggish share price and calls by an investor group to sell non-core assets, acording to Reuters. The company, whose stock has sunk 35 per cent since a high last June, faces a proxy battle by dissident shareholders Harbinger Capital Partners and Firebrand Partners, who aim to push...

Financial Times is ending its 15-year relationship with the Business Standard, says a report in Mint. BS will retain the right to use the FT brand as well as content through at least 2008. As of now, FT is closing an online content deal with Network 18 Media and Investments Ltd, the diversified media conglomerate, which, through its TV18 India Ltd, runs CNBC TV18 as well as Moneycontrol.com...

The Telecom Regulatory Authority of India (TRAI) has proposed to review foreign investment (FI) limits in the electronic media to provide level playing field among competing technologies, says a Times of India report. The telecom regulatory has floated a consultation paper for reviewing the existing foreign investment limits in different segments of broadcasting sector. Some details of Monday's...

Karan Thapar has been appointed editorial advisor of INX's soon-to-be-launched English news channel NewsX. INX News, a part of INX Network, has signed up with Karan's company ITV (Infotainment Television Private Limited) as the editorial advisor and the services will comprise a review of the progress and consultancy on future editorial development of the channel, the Indo-Asian News Service (IANS)...

Bennett, Coleman and Co Ltd (BCCL) is entering the public relations business in partnership with Mumbai-based PR consultancy and advertising group, Adfactors PR Pvt Ltd, says a Mint report. The new entity, Tatva Public Relations Pvt Ltd, will be a 33-67 joint venture, with the Adfactors group holding the majority stake. Tatva will manage and build the public image of firms in which BCCL holds...

CNN is entering YouTube territory with iReport.com, a new website built entirely on user-produced news. Unlike CNN's own properties—where only iReport submissions that have been handpicked by editors and checked for accuracy ever make it online or on air—the new site will be wide open, allowing users to post whatever content they choose, says a Reuters report. Some details: The new site looks and...

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...

The situation at NewsX has taken an ugly turn with journalists alleging assault and I&B ministry referring their complaint about the company's source of funding to finance ministry, the Times of India has reported. Vir Sanghvi, the channel's editorial head, had quit a few days back following "differences" with its chief, Peter Mukerjea. Since then, many recruited by him have quit. Those who did...

Vir Sanghvi, CEO of INX News and editorial head of the group's upcoming news channel News X, has left the INX group. He is said to be launching another news channel very soon, indiantelevision.com has reported. A source close to Sanghvi confirmed the developments to Indiantelevision.com, adding that equity driven issues and that of accountability was what 'finally broke the camel's back'...

The Principal Bench of the Company Law Board (CLB) on Monday held that the allotment of 10,208 shares of Rs 100 each of the United News of India (UNI) in favour of Media West was null and void and not binding on the UNI, says a Hindu report. CLB chairman S Balasubramanian passed the final order on a company petition filed by ABP Private Ltd; Manipal Media Network; Kasturi and Sons Ltd and the...