Top Story

e4m_logo.png

Home >> Media - Others >> Article

Upheaval at INX Media

12-March-2009
Font Size   16
Upheaval at INX Media

The upheaval at INX Media continues. Only this time, the exiting names include the company’s CEO Indrani Mukerjea and the Chairman and CSO Peter Mukerjea, who are also the promoters of INX Media. The duo is stepping down from their current management roles. A reason that the Mukerjeas gave to some of the office staff when the announcement was made after an office party on March 10, 2009 was that “their management decisions were doubted”.

Indrani Mukerjea’s role with the company would end in April 2009 and Peter Mukerjea’s would end in March 2009. They will continue to be shareholders of the company.

In the meanwhile, INX investors have roped in industry veteran Pradeep Guha to consult on the way forward for the organisation. Company sources have confirmed the development to exchange4media, and explained that for now, Guha would be in a “defined limited engagement” at INX Media. Clarity on the details of the engagement would be further known next week, when Guha would begin visiting the INX office.

It may be recalled that since January 2009, INX Media had seen a significant churn in the organisation where many senior and mid management officials exited the company. The list included names across departments, such as Content Head for Fiction Kumud Chaudhary; Group Director Anthony Pettifer; Research Head Tapan Pal and Sr VP, Corporate and Channel PR, Pavan Chawla amongst many others.

Neither Indrani Mukerjea nor Peter Mukerjea responded to exchange4media’s calls or mails after the announcement was made. The moods at the INX offices continue to be grim. Even as 9X has launched ‘Black’, the other shows are still on repeats and the channel GRPs is seeing a fall week on week. 9XM that has been leading in the Hindi music genre ever since its launch, is also seeing its share of problems now with MTV bouncing back to the top, with shows like ‘Roadies’.

The INX Media employees have many questions --- has the company managed to get the second round of funding that the Mukerjeas had been trying for; are there more names that would have to exit the organisation soon; what really is the future for these channels and what would be the impact of the Mukerjeas’ exit from the management. Not many answers are forthcoming at present but it is only a matter of days now before the dust settles on these concerns.

Also Read:

Mukerjeas exit INX Media; Pradeep Guha steps in to consult

9X besieged by layoff woes

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Mumbai was chosen in keeping with the company's focus on featuring their proprietary technologies over undiscovered markets like South Asia

The campaign, featuring brand ambassador Farhan Akhtar, exhorts consumers to showcase their achievements through the walls of their homes.

We list a few important stories that you may have missed in the week gone by