Kannada Prabha, the Kannada daily established by Ramnath Goenka, has a new owner from today, 1 July 2011: mobile phone baron turned businessman and member of Parliament, Rajeev Chandrasekhar. Chandrasekhar’s Jupiter Media & Entertainment Ventures began the creeping acquisition of Kannada Prabha, valued at Rs 250 crore, through a “strategic business alliance” with Kannada Prabha Publications…
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Times of India to shut down Kannada edition
PALINI R. SWAMY writes from Bangalore: Bennett, Coleman & Co Ltd, the publishers of The Times of India, have decided to shut down their Kannada edition, published with The Times of India masthead, tomorrow. An internal email has convened a meeting of all staff of the paper with CEO Sunil Rajshekhar at 4pm on Tuesday,…