I am not surprised by the timing of the decision, it has long been debated by committees and the government has taken a decision based on the reports. The management and editorial controls vested with Indians are necessary safeguards needed at the start of such an exercise, but of course, these will not act as a deterrent for genuine business propositions, but will ensure that there is no complete sell out to foreign companies. 

The management and editorial controls vested with Indians are necessary safeguards needed at the start of such an exercise, but of course, these will not act as a deterrent for genuine business propositions, but will ensure that there is no complete sell out to foreign companies.
Chandan Mitra 
Editor 
Pioneer (As told to CNBC India)

On whether the decision to retain editorial and managerial control while allowing up to 74 per cent in non-current affairs and non news segment is practical?

"It is a good beginning, and people will definitely not invest only to exercise control. Investors are not likely to come in only with the intention of pushing their own agenda as readers in India are quite sensitive. 

"Besides, it is a good idea to have Indian managers who can manage the peculiarities of the Indian media