Daily Archives: 1 April 2020

“Worst may be yet to come”: As COVID tears the world, ‘Indian Express’ moots 10-30% salary cut for employees, warns of “more sacrifices” if things do not improve

The Coronavirus pandemic is spreading across newsrooms and board rooms battling advertising and revenue shortfall. Below is the full text of the letter sent by Indian Express CEO George Varghese. = Subject: Challenging times = My dear colleagues, my Express family: Before going even a word further, Thank You. To each one of you, across…

Newspaper industry in very real danger of turning “sick”: INS seeks two-year tax holiday after “triple whammy” of Coronavirus, falling ad revenues, and customs duty on newsprint

*** Forever wailing, the Indian Newspaper Society (INS) has sought a two-year tax holiday from the Union government following the “triple whammy” of #coronavirus, collapsing ad revenues, and customs duty on imported newsprint. In a letter to Union finance minister Nirmala Sitharaman, INS president Shailesh Gupta of Dainik Jagran says the newspaper industry is at…