Rajeev Verma, CEO of HT Media, declines to specify whether his company has put new
editions on hold, and/or calling off circulation drives for Hindustan Times, Hindustan and Mint.
Reading Between The Lines
Newsprint prices have increased 50% in the last 6 months
Indian Newspaper Society has advised its member-publications to reduce their newsprint consumption by 20%
To tide over the crisis, INS members are pressing for a 30% increase in government advertising rates
Newspapers may see a 10% drop in ad volume
The print media industry is saying it is not as bullish as it was last year
"It's not our strategy to talk about changes, if any, in our plans," he says.
The company had announced the Kolkata launch of its business daily, Mint, then changed its mind and returned money that had been taken from subscribers.
Image: A vendor arranges newspapers carrying reports of the assassination of former Pakistani premier Benazir Bhutto. | Photograph: Narinder Nanu/AFP/Getty Images
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