Reliance taking control over the Network18 group is not a good news for news industry
Industries have taken indirectly control over the Network18 group - a move that saw veteran journalists like Rajdeep Sardesai and others move out. Country's one of the largest business house having control over two influential 'news' and 'business news' television channels is not a good for business.
"For the general public, it is not good at all. The
capitalists have their own interests,as witnessed in recent
elections. They are not going to put the national intrest
upfront,but their own capitalistic interests. Most of the
times, they would want particular news stories to suit their
Agha, Senior Journalist
"Over the last couple of years, the media has been losing
money. Every big media houses are reporting losses.They do not
have much money to improve upon their quality of work and
cannot hire skilled men as well.But, this step allows a fresh
bout of capital, which will enable it to grow in the web and
social media, at least."
Amir Ullah Khan, Economist