The speculation over the past couple of months has finally come to an end. Vir Sanghvi has decided to plunge full-time into the electronic media where he has for long been hosting multiple programmes across channels. He is joining Inx Media Pvt. Ltd. which is launching a news and entertainment television network in India. Sanghvi will join them as CEO for their news business.
Inx Media is being launched by ex-STAR India CEO Peter Mukerjea with personal investment by Mukesh Ambani. It is also learnt that private equity fund Temasek Holdings is putting in money for the project.
An internal communiqué circulated by HT Media’s Vice-chairperson Shobhana Bhartia on Tuesday, March 13, 2007, also mentions that Sanghvi will continue his association with Hindustan Times as Advisory Editorial Director and his columns will continue to appear in the Hindustan Times, Brunch and Mint. He will continue to remain involved in all company events like the HT Leadership Summit and the HT Luxury Conference.
Sanghvi has been involved with HT Media for many years in his capacity as Editor-in-Chief and later as Editorial Director. During this period the company launched several editions, notable among them being Kolkata, Chandigarh and, more recently, Mumbai. Hindustan Times also revamped its design and page format during Sanghvi’s tenure.