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Living Media gets into multi-media

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Living Media gets into multi-media

Living Media India, which publishes India Today and other magazines, has gone in for major restructuring as part of an expansion plan which includes launching a daily afternoon newspaper and a TV channel. The company has already won licences for launching FM radio stations in three metropolises, and is understood to be negotiating an alliance with Yahoo! for India Today Group Online, the division which takes care of Net-related ventures. As part of the reorganising of business activities, the publishing, electronic media and Net-related businesses are being projected as stand-alone profit centres. The launch of a full-fledged channel has been in the offing for several months, and is now scheduled for the end of the year. The afternoon newspaper is scheduled to make its debut in Delhi some time next year, and may be followed up with editions in other cities. The paper will be edited by Shekhar Bhatia, till recently editor of The Asian Age.


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