Media - Wire

At the far end of Rafi Marg in New Delhi is located the United News of India (UNI) office. Surrounded by government offices, UNI, inconspicuously works from a colonial style bungalow. To the chagrin of its employees, UNI is known more for its canteen that serves inexpensive south Indian food and snacks, than for what it is – a national news agency. Here, everyone knows, legendary writers...

Islamic Republic News Agency Managing Director Jalal Fayyazi and Indian PTI News Agency Deputy Managing Director M.K. Razdan inked a memorandum of understanding (MOU) here on Saturday. According to the 11-article MOU, IRNA and PTI agreed to exchange national and international news items free of charge, IRNA reported. In the cooperation agreement, the two sides also agreed to supply their...

THE future of Government's news agency might be in doubt if the cash-strapped parastatal does not get a much-needed financial injection soon to operate as a commercialised entity, the Auditor General's office has warned. The Namibia Press Agency (Nampa) made a net loss of N$1,71 million in the financial year ending March 31 2005, some N$352 000 more than the previous financial year despite...

THE future of Government’s news agency might be in doubt if the cash-strapped parastatal does not get a much-needed financial injection soon to operate as a commercialised entity, the Auditor General’s office has warned. The Namibia Press Agency (Nampa) made a net loss of N$1,71 million in the financial year ending March 31 2005, some N$352 000 more than the previous financial year despite...

Reuters has launched a new round of cost cutting, this time with travel and expenses in the spotlight. The chief executive, Tom Glocer, has imposed 30% cuts to travel and entertainment budgets on the global news organisation's 15,300 staff. The news was delivered to staff in an intranet posting in which Mr Glocer said that "tough measures" were needed to achieve "greatness". He also said that the...

Reuters has launched a new round of cost cutting, this time with travel and expenses in the spotlight. The chief executive, Tom Glocer, has imposed 30% cuts to travel and entertainment budgets on the global news organisation’s 15,300 staff. The news was delivered to staff in an intranet posting in which Mr Glocer said that “tough measures” were needed to achieve “greatness”. He also said that the...

NEW DELHI: Essel Industries chairman Subhash Chandra on Friday defended his decision to acquire 51% stake in United News of India (UNI) saying he planned to pump in up to Rs 100 crore to convert it into a global news agency over the next two years. Stating that there would not be any staff retrenchment, Chandra said the initial focus is on upgrading its technology and improving its content. "We...

Under attack for his "takeover" of UNI, Zee group chairman Subhash Chandra on Friday said he was only joining other shareholders to bail out the news agency from its financial crisis, which would require an investment of Rs 100 crore (Rs 1 billion) in the next two years. MediaVest, the group's investment arm in the print media, which had bought 51 per cent UNI equity for Rs 32 crore (Rs 320...

ZAGREB, Croatia: The prime minister on Friday requested that the managing board of Croatia’s state-run news agency be dissolved — just months after it was appointed by his government — saying it had failed to consult employees when choosing a new director-general. Prime Minister Ivo Sanader said the four-member board of the HINA agency demonstrated a “great democratic deficit” because they made a...

FOR the first time in the county’s history after independence, a national news agency, United News of India, has been virtually handed over to a multiple business monopoly Media West, Essel, a group with motley interests including amusement parks, education, telecommunications, and IT. Add to it the fact of it being a leading media player with over 20 channels, DTH companies, cable distribution...