HT Media & Wall Street Journal form exclusive partnership for India

HT Media Ltd has announced that The Wall Street Journal and the Company on August 25, 2006 has announced an agreement under which the Company´s soon-to-be-launched business newspaper and its Web site will publish Wall Street Journal branded pages that will contain business and business of life news and information from the Journal. The Wall Street Journal Online at WSJ.com and Marketwatch.com. This new agreement will offer leading global news resources from Dow Jones on an exclusive basis for Indian readers.

The Company recently disclosed plans to launch its national business newspaper in India, written and edited for global Indian business readers and international business travelers. The newspaper will be edited by Raju Narisetti who, until June, was a deputy managing editor of The Wall Street Journal in New York and editor of The Wall Street Journal Europe. In India, the Company publishes The Hindustan Times, which was founded by Mahatma Gandhi in 1924.

"To create a world-class business paper in India, we need the best global talent as well as compelling and relevant content," said Rajiv Verma, chief executive officer of the Company. "This unique content partnership between HT Media and The Wall Street Journal emphasizes our desire to offer a business newspaper to Indian readers at a time when India has become a global player in myriad industries. The Wall Street Journal is the best content partner in this endeavor because of its unmatched journalism and insights into global businesses, markets and economies and its unrivaled journalistic standards worldwide."

The Wall Street Journal now publishes Special Editions as part of 39 newspapers in 41 countries, which are published in 10 different languages - serving a combined circulation of nearly 5.4 million. The Journal has been ranked as the most trustworthy newspaper in the U.S.

The Company continues to finalize its plans for the business paper with a core editorial and management team in place, and currently is evaluating market gaps and opportunities. Additional details about the project including launch date and name will be disclosed by the Company in the coming months.

Source : Equity Bulls

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