In what could be seen as the first ever arrangement of this sort in the history of English newspaper in India, Business Standard will start sharing four pages of business news stories with The Statesman from next Monday. Four pages from Business Standard will be published in The Statesman under the Business Standard masthead, and will feature in all three editions Kolkata, New Delhi and Siliguri.
The newspaper world has seen such arrangements with foreign newspapers; The Indian Express used to feature excerpts from The Asian Wall Street Journal and Business Standard still has a news sharing agreement with The Financial Times.
According to industry sources, Business Standard would charge a royalty for giving four pages of news and views prepared by it to The Statesman.
According to Ravindra Kumar, Managing Editor of The Statesman, the marketing cells of both the houses would sell space and that the revenue would be shared.
The Statesman has decided to increase its cover price to Rs 2 from Rs 1.50. According to Mr. Kumar, The Statesman's current circulation is around 1.80 lakh.