The top-level changes in The Times of India’s editorial structure that were in the offing for some time were executed middle of last week. Jaideep ‘JoJo’ Bose has now formally been named Editorial Director, Times Group, with a wide range of responsibilities across the Group’s media platforms. Significantly, this is the first time that ‘The Old Lady of Bori Bunder’ has created the position of Editorial Director in its history.
Following JoJo’s elevation, Arindam Sengupta has taken over as Executive Editor, The Times of India. For the past few years, Sengupta has played the role of deputy to JoJo. And Vikas Singh has taken over Sengupta’s previous role as Resident Editor, Delhi.
exchange4media had reported on May 12, 2008, that a decision had been taken to implement these changes. Around that time, there was also word in the market that JoJo had briefly toyed with the idea of joining Network18’s JV with the Pearson Group of UK to bring out the Indian edition of the Financial Times.
It was also then reported that an “unprecedented” increase in remuneration levels of senior editorial hands was in the offing as part of the Group’s talent retention efforts. It is learnt from sources close to the development that some of the top editors in the Times Group as well some members of BCCL’s (Bennett, Coleman & Co. Ltd) top management have now been formally informed that they would be given shares with five-year vesting rights.
This is a clear indication that BCCL might go in for an IPO sometime in the near future. There has been speculation in the market in recent times about the media behemoth planning to become a listed company.
A circular put out by Ravi Dhariwal, CEO, Publishing, BCCL, announcing these changes said: “Over the past three to four years The Times of India has made remarkable strides in its editorial quality. It has steadily become far more vibrant and youthful; at the same time it has added far more weight and substance to its various sections. As a result, the paper today comfortably straddles both the ‘mass end’ of the newspaper reading universe as well as the segment of opinion-makers and intelligentsia. Moreover, in market after market, the brand is steadily out-distancing itself from its competitors. This is mainly due to our editorial quality and marketing that connects with our readers.”
Referring to JoJo, the circular said: “I am delighted to announce that the man at the helm of this transformation, Jaideep Bose, is being elevated to Editorial Director of the Times Group.”
The circular said that JoJo would be involved in “inspiring” editorial quality and take it to “greater heights”. He will also play a key role in guiding the management in the “development of our overall editorial strategy across news platforms as the Group continues its march towards becoming a 360-degree news and media organisation”.
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