Television

India Today Group to publish 'Reader's Digest'

NEW DELHI: The Aroon Purie-controlled India Today Group (ITG) , leading Indian magazine publishing company and publisher of India Today, has announced a new licensing agreement with the Reader's Digest in India under which the Indian group will now publish the magazine.

The size of the deal was not disclosed in an official statement released by ITG, but industry sources indicated that it was in the region of Rs 200 million.

Under this arrangement, Reader's Digest expects a deeper and wider access to the Indian market through the ITG's multilingual publishing and multi channel media interests in magazines, books, television, radio and printing, the official statement issued by ITG says.

The licensing agreement replaces the one with the Tatas-controlled RDI Print & Publishing Private Ltd., Inc, which had published Reader's Digest for the past 25 years. In all, Reader's Digest has been in India for more than 40 years. It currently is published only in English and has a circulation of 500,000 copies.

"We are delighted to partner with Reader's Digest, one of the world's most popular and respected publications," the statement, quoting ITG CEO Aroon Purie, said, adding, " We look forward to continuing the Digest's editorial traditions and introducing it to a wider audience in India, including eventually expanding the franchise in additional Indian languages."

According to Michael Brennan, Reader's Digest vice-president for Asia-Pacific and Latin America: "We are proud of the Reader's Digest edition in India and grateful for the careful stewardship of RDI Print & Publishing over the past 25 years. We are excited about the potential of working with the ITG and exploring the multiple marketing channels that this company has developed in India."

ITG's flagship, India Today, is the most-read publication in India in any language, with a readership of 14.36 million across all editions. Editions are published in Hindi, Tamil, Telugu and Malayalam, as well as English. The company also publishes business and technology magazines, an afternoon tabloid newspaper for Delhi and a lifestyle magazine.

It has advertising offices throughout the country and relies on a dedicated newsstand distribution network, which is India's largest. ITG is the licensed publisher of Hearst's Cosmopolitan, Golf Digest of Advance Publications and Chartered Accountant.

The company is also the marketing and distribution representative for Time and Fortune magazines in India. It also has a book club and a music division. In television, its associate company, TV Today Network Ltd., operates two 24-hour news channels - leading Hindi news channel Aaj Tak and the still to find its feet English news channel Headlines Today.

Also part of the group is Thomson Press India Ltd., the largest commercial printing company in India, an integrated database marketing company and online services. And, it even runs one of the premier schools in the Capital.

Living Media also has a joint venture with Harper Collins in India for book publishing. In short, Living Media is the most well diversified media group in the country and it is also the largest magazine publishing and distribution company in India. 

The Reader's Digest Association, Inc. (RDA), is a global publisher. Since 1999, RDA had been trying to buy out the Tatas and the proposal to have a 100 per cent owned company here to publish the Reader's Digest in India had been taken up by the Foreign Investment Promotion Board (FIPB) several times over the years.

In March 1999, India's information and broadcasting ministry under Pramod Mahajan had decided not to support a proposal of RDA to acquire the publishing assets of Tata group-promoted Readers Digest India Print & Publishing Pvt. Ltd (RDIPPL) as it did not "conform to the existing media policy".

Titan Industries and some other Tata group promote RDIPPL companies, which have a majority stake in the company. Other Indian promoters hold the remaining shares.

Apart from publishing assets, RDIPPL also has other financial and investment assets. RDA had proposed in the past to invest about $ 5 million to acquire up to 100 per cent equity in RDIPPL's wholly owned subsidiary Readers Digest Association Pvt. Ltd (RDAPL).

In India, Readers Digest, post 1977, has been published by RDIPPL under a License granted by Readers Digest Association Inc, which is the proprietor of the name and trademark Readers Digest.

Till 1979, RDAPL was the company that used to publish Readers Digest in India. RDIPPL was formed in the same year and it subsequently turned RDAPL into its wholly owned subsidiary.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/FIFA-Story.jpg?itok=-v_bg075
U-20 & U-17 FIFA '19 bidding for host launched, Sony to telecast U-17 in seven countries

Broadcasters, OTT/VoD platforms and digital companies are looking forward to entertaining and engaging viewers by providing the best adrenalin. Sports lately is the genre which is in vogue. Leading broadcast and streaming companies are seeking out avenues and sporting event opportunities to keep...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/Brooks_Meek-Anthony_Moore.jpg?itok=5ynTynEr
India among prospects to train at NBA Academy

MUMBAI: The National Basketball Association (NBA) and Basketball Australia (BA) has announced the official opening of The NBA Global Academy, an elite basketball training center at BA’s Centre of Excellence at the Australian Institute of Sport in Canberra. The NBA Global Academy will serve as the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/Prannoy_Roy-Radhika_Roy.jpg?itok=U3wkYBz0
NDTV resolutions confirm re-appointment of Roys & sale of subsidiaries

MUMBAI: NDTV, in a communique to the secretary, BSE Limited, and assistant VP, Listing Department, National Stock Exchange of India, signed by the company secretary Navneet Raghuvanshi, confirmed that four special resolutions as mentioned in the Postal Ballot Notice dated 11 May, 2017, have been...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/Carlos-Amoros.jpg?itok=nKVSW3ay
Tripleplay to provide Atlético de Madrid stadium tech solution

MUMBAI: Tripleplay, a leader in the development of Digital Signage, IPTV and Video Streaming Solutions, has been chosen by Atlético de Madrid to implement its technology at the brand new, 68,000 capacity, Wanda Metropolitano Stadium in Madrid this July.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/ntony_0.jpg?itok=s8hztsgm
Roy C. Anthony joins Ventuz Technology as VP - creative development & ops

Roy C. Anthony, a leading figure in the digital creative world, has joined Ventuz Technology AG. For over 20 years, Roy has been a force of innovation in fields ranging from VR, film, event and staging environments. Pushing boundaries in large scale interactive immersive display technologies, he...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/zee.jpg?itok=em5ZBwe8
Zee Cafe targets 20-40-yr-olds with BBC First drama

MUMBAI: Zee’s English entertainment channel Zee Café has partnered with BBC Worldwide to bring award-winning premium British drama to its audience. Starting from 26 June, the channel will host BBC First content block with 11 new shows set to air every weeknight at 10pm time slot. The channel has an...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/Dhimant%20Parekh.jpg?itok=7Qv1DKpo
HistoryTV18: #BossWomen to tell stories of Indian women

NEW DELHI: #BossWomen, a weekly video series showcasing the stories of extraordinary Indian women, has commenced telecast on HistoryTV18. The programme is part of a first-of-its-kind digital collaboration with disruptive tech-media platfvorm The Better India. The first episode is on with the story...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/DD-800x800.jpg?itok=mThViP0X
Doordarshan: Soaps & travelogues make Arun Prabha shortlist, presentations early July

NEW DELHI: The producers of the 390 proposals in nine genres which have been shortlisted for soon-to-be-launched DD Aruna Prabha for the northeast have been asked to make their presentations in DD Headquarters in Delhi from 6 to 10 July. All the shortlisted productions are in the commissioned...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/Virat-Kohli-800x800.jpg?itok=8Zi6rB7w
UCWeb: Cricket viewership soars 230%, Lucknow, Pune, Bhopal, Delhi & Mumbai see max traction

NEW DELHI: Consumption of Cricket-related content exceeded 0.75 billion on UCWeb Platforms - UC News and UC Browser, for the latest edition of IPL 2017 and the recently-concluded ICC Champions Trophy 2017. According to a data report titled Insights into India’s Cricket Frenzy released by Alibaba...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories