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India Today Group plans JV with publishing house

10-November-2001
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India Today Group plans JV with publishing house

The India Today Group (ITG) is planning to enter into a joint venture with publishing houses including Harper Collins India. According to the company sources nothing has yet been finalised.

Harper Collins India is a 40:60 joint venture between Harper Collins UK, and Indian publishing company Rupa & Co. Globally, Harper Collins Group is controlled by Rupert Murdoch.

According to the industry sources the shareholding pattern for a publishing joint venture has not yet been decided, the alliance could be through The Book Club, a division of India Today Group. Another option could be to merge all the publishing business of ITG into one single entity.

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