Top Story

e4m_logo.png

Home >> Media - TV >> Article

Not against 49% foreign ownership in news media as long as they give reciprocal deal: Dr. Subhash Chandra

14-October-2015
Font Size   16
Share
Not against 49% foreign ownership in news media as long as they give reciprocal deal: Dr. Subhash Chandra

Dr. Subhash Chandra, Chairman, ZEE Media and Essel Group said at an event, that he is not against international ownership in the news media, but as long as the rule is reciprocal in that country. “I am not against the 49% foreign ownership in the news media or even 100% for that matter. But together as a sovereign nation I will still voice if Americans want 100% ownership of news here, they should give me 100% news ownership in that country. As long as they give reciprocal deal I have nothing against them,” he said.

Speaking to journalist and author, Shankkar Aiyar, Dr. Chandra said that the question is on the ownership of news channel broadcasters today. “There are about 300 channels running, I can bet that 70% of them are owned by people those who are not eligible to own those properties. Our law is clear that no political party should own any news channel. The ownership of the channels is very opaque,” said Chandra.

Dr. Chandra further said that the government has to do more in terms of implementing the laws for the news media in a stricter form. He said that the government has to take a much deeper look into the financial investment that is coming into a TV news broadcaster, instead of giving them the security clearance.

When asked whether political parties are gaming the media he said yes. “Yes definitely, they know that when there is a big issue and big controversy is going to has erupted so if that doesn’t become big they throw something else and they know that the whole media because of TRPs will run after it and that news goes on air. That game they have perfected now and we fall for it.”  

Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=http://www.exchange4media.com/company/news/amaz...

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Under the watchful eye of Walt Disney, Bindass undergoes brand repackaging with a fresh new show ‘Dil Buffering’ simulcast across its linear and social media platforms on September 29 and will launch...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...