Cyber Media India Limited (CMIL), which is waiting for a governmental nod for allowing foreign investment in non-news and non-current affairs publication, has decided to tap other business like TV software production to generate revenue. The company is in touch with Star, CNBC and BBC to get some IT-related programmes commissioned.
Even though infotech magazines have been among the hardest hit by the technology stocks meltdown, CMIL’s existing publications — Data Quest, PC Quest, Voice & Data, DQ Channels, DQ Week and Computers at Home — are breaking-even.
CMIL has also decided to foray into the education and training business. In a 50:50 joint venture with Kaleidoscope Communications, a school of convergence has been set up to train content creators and distributors.