Even as the takeover of Network18 by India’s biggest corporate house, Reliance Industries Limited, receives scant scrutiny in the mainstream media on what it portends in the long term, the journalist and educator Paranjoy Guha Thakurta weighs in, in the Economic & Political Weekly:
“The consequence of RIL strengthening its association with Network18 is a clear loss of heterogeneity in the dissemination of information and opinions. Media plurality in a multicultural country like India will diminish.
“In particular, the space for providing factual information as well as expressing views that are not in favour of (or even against the interests of) India’s biggest corporate conglomerate will shrink, not just in the traditional mainstream media (print, television and radio) but in the new media (internet and mobile telephony).
“There is growing concentration of ownership in the country’s already-oligopolistic media markets. In the absence of restrictions on cross-media ownership, these trends will inexorably lead to the continuing privatisation and “commodification” of information instead of making it more of a “public good” that could benefit larger sections of society, in particular the underprivileged.”
For the record, RIL sent Thakurta a legal notice for his book Gas Wars: crony Capitalism and the Ambanis.
Read the full article: What future for the media in India?
File photograph: RIL chairman Mukesh Ambani holds a jar containing the first crude oil produced from the KG-D6 block in 2009 (Punit Paranjpe/Reuters)
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It all started with ‘VIMAL’ fabrics and net work of franchise shops and discount coupons for shareholders. Others also followed!Drilling for Oil was the beginning followed by power distribution units.Now in communications and media management.We say we have a PM who was selling tea. Reliance founder was a petrol pump attendant!What next?