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A yen for wastage… Shaming of Tamils by Tamil farmers at Delhi Wanted: a second airport for Chennai Pharma – overdose of copying An informal presentation - analytical, forward locking... Silver Years of Madras Musings Lalu’s envy, India’s pride West Bengal: mindless malignancy Align crops to agro climate endowments… Welcome focus on core competence Readers' Mail Fortune 500 review Tribute – UCAL Selvan… Remembering Indira Sivasailam... Cement prices continue to rise… CRS, a jewel among managers, is no more. Editor's Notes Nuclear power at the nucleus Delhi Chalo... EVM is tamper-proof Banning booze... Recognition to role of NBFCs.... Welcome changes that testify to Jayalalithaa’s return to health There was flood of milk. Reason: no milk commissioner! PC’s preference for professionals When the President was rendered homeless… Fuel for thought Not just in-laws (and outlaws); they’ve renowned academics at the helm! Inflation: are we emulating Argentina and Brazil? The Jan Dhan bonanza A Grand Finale for SN’s MS centenary at the US… Dr C Rangarajan returns to Chennai Diamond jubilee of Egmore Samskrt School Road development slows down More Shakthi to Das’ elbow Don’t seem to feel the pulse… Bihar – Nitish Kumar adopts the Lalu model CSR and CMI: promise of another Srinivasan Ramanujan... Poor representation for Kerala and TN in Cabinet Kudos to NDTV... IAS invades NDDB... For whom the bell tolls? MHC should not return to its old indisciplined ways A proud Madrasi China invests in India An enemy’s enemy is a friend Alexa – Talking Wikipedia TN – agglomerate land holdings without alienating ownership Waning interest in public discussions… Which side are you, Montek? GNS - 100: our first subscriber He saved millions from starvation... Quality education through the PPP mode Infrastructure funding – lessons learnt …and of a popular trade leader Noble nonagenarians... Robber barons everywhere Engineering seats go abegging Tribute – M V Murugappan Lesson from Chandrababu Naidu A more liberated TN… This scant respect for Law Tatas moving out of urea production... Haul over the coal Multi-faceted Venkat Of course, Gujarat is vibrant Modi storms Silicon Valley Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai L&T- the specialty of special purpose vehicles Land reclamation from sea appears cheaper! A think tank for Chennai SoA @ 80 Cleaning Ganga – relocate tanneries and install electric crematoria Tribute – Manikam Ramaswami Why this malaise in medical education? More tributes to GR Insurance companies bleeding, yet no decision on increasing FDI limit! CII projects higher growth… Focus on quality of power - its only around 170-180V The rise and fall of Annamalai University to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Fortune for Indian Airlines Adapt Vajpayee dinner diplomacy Gay abandon in pricing Auto components surge… A Grand Finale for SN’s MS centenary at the US… Build close rapport with business leaders Moily’s bold thrust Fall in crude prices help in oil sector reform Quality silica from Neyveli Like Hinduism: many paths to reach God... TELANGANA at last…BUT Computation of GDP – conundrums continue Should we change the official year? The Gulf aviation boom Poor quality of university VCs Polls and promises Tax agriculture Come elections, come advertisements... GM Technology at last! Modi and the lady Shale gas and its shallow future ONGC at KG Basin F C Kohli - his concerns all embracing Why land prices zoom in TN? Music happens Funding the un-funded Roaring Ro-Ro facility Scientists urged to take up farmer-oriented research Solar, solar everywhere … Naidu’s return augurs well for Seemandhra When online building permits work…. Small units prefers to remain small... The power-full Hindujas How Air-India loses customs... The star of Spencers is no more Valli, they are more marginalised Convulsions in The Hindu For whom the MIDS bell tolls? Vibrant Gujarat Russi Mody – a tribute The brown list of Venkitaramanan When TN politicians can emulate Kerala's Where a state respects its litterateurs… Delhi is distant… Mersal magnified L&T: focus on infrastructure and more infrastructure… Make standards certification mandatory... Sweeter prospects for sugar Odisha: spectacular win by Naveen Patnaik Delhi is distant Godspeed, Chief Minister JJ Tribute Wise Presidents Where is Rajaji? Another Indian music maestro at the UN Online not in line with brick and mortar businesses... The Ports’ Pasha expands into Tamil Nadu A rich pool of talent not utilised…. Muffled voices for merit… Eternal support for capitalisation of PS banks Whistle-Stop Tour of Raghuram Rajan Tihar, Puzhal not different from Parappana Agrahara The few handicaps... Reliance’s TV – 18 ready to launch Tamil News Channel Making ‘my Amaravati’... Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Editor's Says The ‘Ayyo-yes’ is no more Cutting the nose to spite the face London, London Narayan Welcome GST When small is no larger beautiful.. Tatas moving out of urea production... The ‘Jayanthi Tax.’ The Swadeshi Trump Plummeting profits of PSBs No engine for this car Revving up the manufacturing sector Increasing non co-operation of state leaders Liberal imports idling indigenous capacities TN accounts for the largest recruits by the IT sector Secularism and anti-Hinduism Five star activism stalls development activity Kulandai was a giant R Sridhar steps down as CEO of Shriram Capital An inexplicable neglect Put expensive assets created to use... Shanti and Sadhana through Music Tough task taking states together Bihar elections - the Rajaji formula worked EEC at the National Media Centre Shipping woes of Chennai companies All eyes on Sankara Nethralaya The nuclear option WTO Meet: resolved to meet again Telangana in top gear… PPP mode for upgrading Corporation Hospitals Building loyalty through the stomach B H Kothari - a tribute Medical costs hit the roof... When nations steal growth from one another… Discoms deserve better… Things happen by accident and not by design... Kinetic Karnataka Demise of a media baron... Air Asia India will set new benchmarks for budget travel When Ratan Tata visited SRM Breaththrough in malaria control Colour-Chem’s colourful KRVS More Shakti to resource mobilisation... Return to king coal for urea... Gas is the way forward The rise and rise of KCP A C Muthiah – his munificent bequeaths to science Streamlining mandatory third party cover New IT products of Ramco in the pipeline… Permanent secretariat for TN GIM Strengthen the base... Limit foreign borrowings to hi-tech, export potential projects... TN-leverage strength of BHEL, NLC... Rs.1600 crore paper board plant of TNPL A welcome initiative by the judiciary Contrarian cousins Towards speedy justice The sea- saw battle continues... Padma Bhushan for A Ramakrishna Maximising the micro pricing … The balancing act Preserving for the future A glass full of corruption He continues the focus on social amelioration Adharma of opposition politics A friendly business group CIPET hqrs to stay at Guindy – for the present? TGS- The king storyteller Parliament in paralysis... A professional at the helm of IRDA... S Ramanathan – a versatile musician, musicologist Paytm karo... Boy, can you beat these? Welcome thrust on trade in Modi’s foreign visits... Mu Sigma – is no more Intellectual of rare qualities Delhi returns to BJP Sweet news for TN sugar mills Airlines in India: cost and space IPL - no surprise this scam No mega rail project for Tamil Nadu The why of tax incentives No Maha Koottani in TN... IPL type auction for VCs? Excel Generators provide the vital back-up Naidu will soon build a new Hyderabad Measuring roof tops in terms of KW/MW S V Raju – a ‘good’ true liberal TIAM turns a full cycle Marketing expert Balagopal is no more More heat than light Sri Lanka votes for change Rahman at CIC Protest masters... Revive development banks... Solar thermal shines…
 
Convulsions in The Hindu

The Hindu family dissensions again hit the headlines. Malini Parthasarathy resigned as the Editor of the paper within days of the launch of the Mumbai edition made with a lot of fanfare. This was ahead of the change expected at the board meeting scheduled a couple of weeks later.

For over 130 years Kasturi & Sons, publishers of The Hindu had a smooth, comfortable and profitable run. Controlled by the family elders of the Kasturiranga Iyengar dynasty, the business dominated the media scene, especially in the south, with little competition. Several of the scions also excelled in accessing technology and management expertise. A generation ago with their interests limited to music, racing and travel, G Kasturi, along with his elder brother G Narasimhan were fully focussed on managing the paper. They helped the company switching rapidly to information and communication technology. In quick succession the paper introduced facsimile editions, electronic typesetting and sophisticated printing facilities, both in Chennai metro and at de-centralised printing outfits in several cities.

The near monopoly position enjoyed by the paper as the premier print medium in English in the south was challenged by other print houses, notably The Times of India. The Hindu tried to meet this by engaging in a price war and also changing many of its rigid stances in regard to advertisements and discounts. It adopted many of the profitable practices of TOI eg.cover jacket ads.

Simultaneously, the business house also experienced the fissures widely seen in the batons passing to the younger generation. In a first major coup, the leadership of G Kasturi was challenged by the combined strength of the children of Narasimhan, Parthasarathy and Rangarajan; his term was ended and N Ram assumed leadership with N Murali as the Managing Director and his other brother N Ravi as Editor with liberal positions for other cousins, 12- all directors of the board.

The next break came when Ram could not play ball and hand chairmanship to Murali and the latter moved out as the MD. Siddharth Varadarajan from outside the family was appointed Editor with a couple of senior executive positions going for recruits from outside, notably TOI. In this arrangement, all the executive positions held by the family members were stripped, entitling them only for the perks and fees as directors.

The next change came with family members demanding executive positions back. The re-grouping of the directors rendered Ram’s position weak. Varadarajan and the COO were shunted out and Malini Parthasarathy took charge as editor.   McKinsey that earlier suggested major structural reforms, including launching a Tamil edition, also provided one of its senior partners, Rajeev Lochan to take charge as Managing Director. For the first time a couple of non-executive directors from outside the family –

S Mahalingam (formerly TCS) and Vinita Bali (Britannia) joined the board.

Malini’s term was not smooth. The new editor had her own predilections and prejudices. Several journalists finding her style of leadership not agreeable quit under VRS. There was also the rumbling over a huge expenditure incurred on the Mumbai edition promoted by her. At the home base, the print publication of Sportstar stopped and the Tamil edition continues to struggle to meet competition from the well-established Daily Thanthi and Dinamalar.

    In the recent re-groupings Malini’s groupwas in the minority. Ahead of the board meeting, she tendered her resignation. There was curiosity over the deliberations at the board meeting post-Malini’s resignation. The only thing that leaked: raising the price of a meal by over 200 per cent to Rs 10 a day (it was Rs 3 earlier). For decades, The Hindu canteen was considered the most attractive spot at Kasturi Buildings. Employees in the general shift liberally dropped in late hours to avail the cheap food. In the night shift of around 40, average attendance used to be a couple of hundreds! One wonders if The Hindu would be equal to criticising  the oil pricing jerks of the NDA II government. One may expect the Readers’ Editor, the paper’s gloriously-called Ombudsman, ponder over this in his Monday column.

Rajeev Lochan is bound to have more plans to cut costs and increase revenues. TOI and other media majors offer a lot to emulate. A five day week can be the next option.

Mens Watches www.rtwatches.com

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