In the run-up to the launch of its business daily later this year, HT Media Ltd., India’s second-largest print media company, and The Wall Street Journal today announced an agreement under which the business newspaper and its website will publish Wall Street Journal branded pages that will contain business and business of life news and information from the Journal, The Wall Street Journal Online at WSJ.com, and Marketwatch.com. This new agreement will offer leading global news resources from Dow Jones on an exclusive basis for Indian readers.
Earlier this year, HT Media had disclosed plans to launch a national business newspaper, written and edited for global Indian business readers and international business travellers. The newspaper will be edited by Raju Narisetti who, until June, was a Deputy Managing Editor of The Wall Street Journal in New York and Editor of The Wall Street Journal Europe.
Said Rajiv Verma, CEO, HT Media Ltd, "To create a world-class business paper in India, we need the best global talent as well as compelling and relevant content. This unique content partnership between HT Media and The Wall Street Journal emphasizes our desire to offer a business newspaper to Indian readers at a time when India has become a global player in myriad industries.” He said The Wall Street Journal is the “best content partner in this endeavour because of its unmatched journalism and insights into global businesses, markets and economies and its unrivaled journalistic standards worldwide.”
L. Gordon Crovitz, Executive Vice-president, Dow Jones & Company and Publisher, The Wall Street Journal, commented, "We’re excited that the Journal will soon offer Indian business readers, through the pages of HT Media’s new business newspaper and website, access to the incomparable global business information that readers across the globe have come to expect." He added, "India has emerged as a vibrant and expanding part of the global economy that we have sought better to serve with the right partner and we look forward to a role in helping spur those global connections between India and rest of the business world.”
Crovitz further said, “This partnership also serves advertisers, both inside and outside India, who want to be associated, through HT Media’s newspaper, with the Journal’s vital news, analysis and commentary every business day."
The Wall Street Journal currently publishes Special Editions as part of 39 newspapers in 41 countries, which are published in 10 different languages — serving a combined circulation of nearly 5.4 million. The Journal has been ranked as the most trustworthy newspaper in the US.
HT Media continues to finalize its plans for the business paper with a core editorial and management team in place, and currently is evaluating market gaps and opportunities. Additional details about the project including launch date and name will be disclosed by HT Media in the coming months.