News Broadcasting
It happens only in indya, Star opts to buy out portal
Star has finally taken a full-fledged leap into the dotcom pool. Confirming its confidence in the Internet space, Star India today hoicked its stake in the much-hyped portal indya.com to “almost 100 per cent.”
A joint release from Star and indya.com states that the Rupert Murdoch-promoted firm has bought the entire shareholding of founder and Microland chairman Pradeep Kar, and other investors. Kar had established indya.com in April 2000.
The market was abuzz for long that Star would gobble up indya.com in toto but its management had consistently pooh-poohed that possibility. Star had earlier paid out $ 50 million for a 37 per cent stake in the portal but that was before the worldwide dotcom meltdown. No further details were available on how much Star paid to buy out Kar and associates, but official sources say current valuations are significantly lower. Some estimates put the figure at about $25 million.
Gary Walrath, executive vice-president, Star Group Ltd, has been appointed chairman of indya.com while CEO Sunil Lulla will continue to head the dotcom, assisted by Indya’s management team, says the company release.
The website is planned to become the online destination for all of Star’s India properties on its TV channels today and in future. Already, Star Plus, Star Movies, Star World and Channel [V] have been integrated into indya.com and will soon be joined by the group’s other channels in the coming months.
The press release says benefits will also accrue to indya.com. “The alignment will give consumers and users an opportunity to interact more with Star on the internet and see more of indya.com on television,” it states.
Recently the website launched interactive applications and multimedia content built around some of Star’s popular programmes like Kaun Banega Crorepati, Kyunki Saas Bhi Kabhi Bahu Thi, Kaahin Kissii Roz, Kahani Ghar Ghar Ki, Ji Mantriji (all on Star Plus), Friends, X-Files, Ally McBeal and Baywatch (on Star World).
News Broadcasting
Rajesh Sundaram joins NDTV Profit as senior editor, assignment
The 32-year newsroom veteran has launched channels on three continents and covered everything from 9/11 to South African television
MUMBAI: NDTV Profit has bolstered its newsroom with a hire who has done rather more than most. Rajesh Sundaram, a journalist with over three decades of editorial, managerial and consultative experience across India and international markets, joins as senior editor, assignment, tasked with sharpening the network’s newsgathering and real-time response.
Sundaram’s career reads like a tour of Indian media’s most formative moments. He began at Businessworld in 1994, moved to Zee News as bureau chief across Mumbai and Chennai, then joined NDTV in 2002 as part of its political bureau during a particularly febrile period in Indian politics. A stint as India correspondent for Al Jazeera International followed, where he covered key geopolitical developments and got his first serious taste of the global newsroom.
What sets Sundaram apart, however, is his serial channel-launching habit. At NewsX, he helped get the operation off the ground. At Headlines Today, part of the India Today Group, he served as editor. At News Nation, he helped launch the Hindi news channel and its digital ecosystem. He then crossed continents to lead the launch of ANN7 in South Africa as editor-in-chief, overseeing both television and digital. Back in India, he launched Tamil news channels News7 Tamil and Cauvery News, and later served as principal consultant for the launch of Marathi channel Lokshahi. Most recently, he helped build and lead the Press Trust of India’s video service and content studio, before stints consulting for Business Today and The Himalayan Times.
Rahul Kanwal, chief executive and editor-in-chief of NDTV, left little doubt about what Sundaram is expected to deliver. “The assignment desk is where a newsroom’s intent becomes action,” he said. “Rajesh brings a rare combination of field experience and leadership in building news operations at scale.”
Sundaram has reported from across India and the world, covering elections, civil conflicts, the aftermath of the 9/11 attacks and the 2008 US presidential election.
At NDTV Profit, he will lead the assignment desk, driving editorial coordination and real-time response across markets and breaking developments. For a business news network sharpening its focus on speed and multi-platform delivery, it has hired a man who has built newsrooms from scratch on three continents. The assignment desk is in good hands.
