MUMBAI: The media industry had received a jolt when veteran and founder of one of the largest and most successful media companies in India, Raghav Bahl announced that petrochemical giant Reliance Industries would be taking over Network 18.
Bahl who is now the non executive director on the board of Network 18 decided to sell off his business after building it with an investment of only Rs 50,000. However, Bahl who is now in his 50s told Mint that ‘50s is the new 30s’. Indeed, his two decade long journey with News is set to continue even now.
While the world moves to digital, he won’t be far behind. Bahl has made public his intention to venture into the digital space with news. Although he hasn’t officially announced his exact venture, his tweets give some clue.
“It shall be a venture in the exciting new world of hand held digital content,” he tweeted in reply to someone’s query. This new venture will also be in the field of his most beloved News genre.
Currently, Bahl and his wife Ritu Kapur are touring the US for ‘digital news discovery through Big Apply and Silicon Valley’ as his tweet says.
‘Eight weeks after Network 18, I have met more exciting, creative, ambitious digital savvy young professionals than over all of last decade! Eight weeks of start-up nitty gritty, hunting offices and fresh talent, learning digital products – like early 90s TV18!’ he tweets enthusiastically from the US.
‘The printing press of the 21st century is the publishing algorithm of a mobile news app! Lessons from America,’ he tweeted.
It seems like Bahl is out to create the next Twitter-like news channel to provide personalised news on phones and tabs.