Top Story

e4m_logo.png

Home >> International >> Article

LML defaults on payment, INS cautions members

19-January-2002
Font Size   16
Share
LML defaults on payment, INS cautions members

The Indian Newspaper Society (INS) has issued a circular to member publications and accredited advertising agencies advising them to exercise caution while accepting advertisements from scooter manufacturer LML Ltd., following default of payment to advertising agencies.

According to INS, LML has defaulted in payments to the tune of several crores of rupees to two advertising agencies.

According to LML's General Manager-Marketing, Mr. Hemant Malhotra, the whole issue was one of a misunderstanding with the agencies, including FCB Ulka, and had been blown out of proportion by the INS.

INS in its circular, informed members and advertising agencies that the advertising agencies concerned had cleared the dues of member publications despite the fact that the company had not paid them their dues. The circular assured member publication and advertising agencies that action under Rule 56 (A) of the Accreditation Rules was being considered in the event of the company continuing to default on its payments.

Tags

Speaking with exchange4media, Rishi Darda, Joint Managing Director and Editorial, Lokmat Media Group shared his vision for regional publications and the impact of IRS 2017 on the print industry.

Nisha Narayan, COO & Director, RED FM & Redtro and CEO, Digital Radio (Mumbai) Broadcasting Ltd, shares her insights on how radio is a powerful medium in terms of advertising and what can be done to take it to the next level

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Backed by four properties including the first test match between South Africa and India of Freedom Cup, Sony Ten 1 continued to lead Top 5 channels in 2018’s second week (January 6-12)

Vijay Shekhar Sharma stated that this is the right time to create an Indian model which would be the envy of the world