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Hindustan Times House

18 - 20, K G Marg
New Delhi - 110001, India

 +91 11 23361234
 +91 11 23704600

: Sobhana Bhartia

 


   

    
 : Vir Sanghvi
 

 : Chaitanya Kalbag
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  : Rajiv Verma
  : Mrinal Pande

Hindustan Times commonly called as "HT"was founded in 1924 by Master Sunder Singh
Lyallpuri, the founder-father of the Akali Movement and the Shiromani Akali Dal in Punjab.
Master Sunder Sigh Lyallpuri started the newspaper with contributions from USA, Canada and
locals from the Lyallpur District.

HT today has become a leading newspaper in India. Because of the authenticity of its news, the
newspaper has become a market leader for English papers in north India. The newspaper has
been working non- stop since the Indian independence movement. Prominent faces like Devdas
Gandhi and Khushwant Singh have at times edited the paper.

Hindustan Times has proved its nation wide reach in India. Leadership through quality and
innovation is the hallmark of the Hindustan Times Limited. The paper issues simultaneous
editions from New Delhi, Mumbai, Lucknow, Patna and Kolkata. It is also printed from Bhopal,
Chandigarh, Jaipur and Ranchi. HT has also come up with India's first youth daily called as HT
Next in 2004. The Mumbai HT edition was launched on 14th July 2005. However, the print
location of Jaipur HT was discontinued from June 2006. Recently HT has launched a national
business newspaper called Mint, with an agreement with Wall Street Journal to publish Journal
branded news and information in India.

Over seven decades the organization has been a major force in the print media. The Hindustan
Times Ltd. plans to consolidate itself as a vibrant and modern media powerhouse through
strategic partnerships, ever-increasing scope of operations and a consumer focussed approach.

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Mahatma Gandhi performed the inaugural ceremony of the newspaper on September 15, 1924.
First issue of the newspaper was published from Naya Bazar, Delhi which carried write-ups of C.
F. Andrews, St. Nihal Singh, Maulana Mohammad Ali, Dr. C. R. Reddy, T. L. Vaswani, Ruchi
Ram Sahni, Bernard Haton, Harinder Nath Chattopadhyaya, Dr Kichlu, Rubi Waston and many
other prominent writers of that time.

Master Sunder Singh Lyallpuri was the Managing Chairman and Chief Patron of the newspaper
himself. K. M. Panikkar was the first Editor of the newspaper, while Devdas Gandhi (son of
Mahatma Gandhi) was also on the panel of editor.S. Chanchal Singh (Jandiala, Jullundur) and S
Mangal Singh Gill (Tesildar) were appointed as in charge of the newspaper. Pandit Madan
Mohan Malayia and Master Tara Singh were some of the prominent members of the Managing
Committee.

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Owned by HT Media Ltd., Hindustan Times is part of the India's famous KK Birla group and
currently managed by Shobhana Bhartia, granddaughter of GD Birla. At present the KK Birla
group owns 69 per cent stake in HT Media Ltd, currently valued at Rs 834 crore. Shobana
Bhartia joined Hindustan Times in the year 1986. At the time of joining HT, she was the first
woman chief executive of a national newspaper.

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V? Vir Sanghvi
V? Barkha Dutt
V? Khushwant Singh
V? Indrajit Hazra
V? Kuldip Nayar
V? Karan Thapar

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 : HT Brunch is a 28 page magazine containing stories and snippets from lifestyle to
travel. It comes every Sunday.

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%& : This supplement is dedicated to careers with information on everything from job
listings to career counseling. It comes every Tuesday.

: HT Premiere comes every Thursday containing items on entertainment covering

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Hollywood and Bollywood.

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: A career related supplement, HT Horizon comes every Wednesday.

: HT Estates contains real estate and property related features and cirulated on
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Saturdays.

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: Launched on 14th July 2005, HT Mumbai is one of the leading
newspapers of the city. The Mumbai HT is managed by Mohit Ahuja, an alumnus of NMIMS,
Mumbai. HT Mumbai comprises of 22 - 24 pages and carries other supplements everyday. The
Mumbai edition carries a lifestyle supplement called HT Cafe (32 pages in tabloid format).
Circulated six days a week, HT Cafe devotes 8 pages to subjects like automobiles, travel, health,
comics, gizmos and weekend. On Wednesdays, HT Mumbai has an education supplement called
HT Horizons. HT Mumbai also carries high-life and luxury supplement called Splurge and a
Real Estates section called HT Estates once in a week. On Sundays, the paper comes with a free
magazine called Brunch.
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: Delhi's leading newspaper, HT Delhi Edition usually contains 22 - 24 pages
main newspaper including a daily lifestyle called HT City and other supplements on weekdays.
On Fridays a special Weekend edition of HT City is circulated called HT City WE. On Tuesday
HT Delhi carries a jobs supplement called 'Power Jobs' and an education supplement on
Wednesdays. Real Estates section called HT Estates and Luxury supplement called HT Splurge
are circulated on Saturdays. Every Sunday HT Delhi carries a special magazine called Brunch,
which carries articles on lifestyle, entertainment, food, travel, fashion, health etc.

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 : Lucknow, Patna and Chandigarh Editions of

HT contain only the main newspaper carrying only one or two supplements weekly. On Sundays,
these editions have a special four to eight pages Sunday Magazine. All these editions focusses
more on state based news and happenings.

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- An English Business Daily

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- A Hindi Daily published from Delhi, Lucknow and Patna.

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- Monthly Children's magazine

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- Monthly literary magazine

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Based on the readership survey of 14.49 million readers, HT has a combined circulation of 2.25
million copies everyday including Hindustan Times (English) and Hindustan (Hindi). Due to
huge circulation, HT enjoys strong brand recognition among readers and advertisers as well.

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Over the years Hindustan Times has won several national awards and earned certificates of
recognitions. Hindustan Times has a good track record at the IFRA and has won several awards
this year as well.

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HT Media Ltd has ventured into electronic media through its subsidiary HT Music and
Entertainment Company Ltd.. The company has entered into the FM radio market in major
Indian cities through a consulting partnership with Virgin Radio. The radio channel, Fever 104 is
currently available in the cities of Delhi and Mumbai.

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HT Media group annually organises a Luxury Conference and also a Leadership Summit in
Delhi. The Luxury conference had been attended by featured speakers like designer Diane Von
Furstenberg, shoemaker Christian Louboutin, Gucci CEO Robert Polet and Cartier MD Patrick
Normand. While in Leadership Summit, prominent leaders of the country and foreign countries
participate.
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In 2007 HT Media group reported annual revenue of $245 million. For the fiscal third quarter
ended December 31, 2007, the media group reported a 13% increase in revenue to $82 million
and a 10% increase of profit after tax (PAT) to $9 million from the year-ago quarter.

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HT's Internet business, under the hindustantimes.com portal, is primarily a news website with 2
million unique visitors and 100 million page views per month, with a significant number of
visitors coming from outside India. Hindustan Times has a number of online issues which are as
follows:

http://www.hindustantimes.com - Online edition of Hindustan Times

http://epaper.hindustantimes.com - Epaper - Digital Replica of the newspaper
http://www.hindustandainik.com - Online edition of Hindustan
http://www.htclassifieds.biz - HT Classifieds
http://www.htnext.com - Online edition of HT Next
http://www.fever.fm - Fever Radio Channel
http://www.livemint.com - Mint

Media & Entertainment /

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Media, the fourth estate, when entwined with the entertainment component represents an
effective facet of consumers in India. Technology has played a key role in influencing the
entertainment industry, by redefining its products, cost structure and distribution.

The Indian Media and Entertainment (M&E) industry stood at US$ 12.9 billion in 2009
registering a 1.4 per cent growth over last year, according to a joint report by KPMG and an
industry chamber. Over the next five years, the industry is projected to grow at a compound
annual growth rate (CAGR) of 13 per cent to reach the size of US$ 24.04 billion by 2014, the
report stated.

Similarly, PricewaterhouseCoopers (PwC) in its report titled µIndian Entertainment & Media
Outlook 2010¶ predicts that the industry is poised to return to double digit growth to touch US$
22.28 billion growing cumulatively at a 12.4 per cent CAGR to 2014.

The Indian animation industry is expected to grow at 20 per cent to reach US$ 253 million by
2013 from the current US$ 122 million, according to a study by Deloitte and an industry body.
The Indian gaming market alone has been estimated at US$ 239 million and is expected to grow
at a compounded annual growth rate of over 50 per cent to reach US$ 1.3 billion by 2013.

The information and broadcasting industry, including print media, witnessed FDI inflow of US$
2.04 billion during April 2000 and September 2010, according to the Department of Industrial
Policy & Promotion (DIPP).


  

The television industry is projected to continue to be the major contributor to the overall industry
revenue pie and is estimated to grow at a rate of 12.9 per cent cumulatively over the next five
years, from an estimated US$ 5.69 billion in 2009 to US$ 10.45 billion by 2014, as per a report
by PwC.

A report by research firm Media Partners Asia (MPA) stated that India is poised to become the
world's largest direct-to-home (DTH) satellite pay TV market with 36.1 million subscribers by
2012, overtaking the US. Furthermore, in its report titled 'Asia Pacific Pay-TV and Broadband
Markets 2010', MPA said India's DTH subscriber base will increase from 17 million in 2009 to
45 million by 2014 and 58 million by 2020.

In a new survey of more than 50 organized pay-TV platforms in 16 Asia-Pacific (APAC)

markets, research from Media Partners Asia (MPA) shows that India¶s six DTH pay-TV
platforms will reach close to 8.6 million net new subscribers in 2010, almost 50 per cent year-on-
year growth and representing more than a 55 per cent contribution to net new additions across
the APAC operator group in the survey.

Anil Dhirubhai Ambani Group's company, Reliance MediaWorks (RMW) has signed a
memorandum of understanding (MoU) with IMAGICA Corp of Japan for film processing
services. Under this alliance, RMW, on behalf of IMAGICA, would provide film restoration,
image processing and enhancement and high definition (HD) conversion services to the Japanese
clients. IMAGICA Corp would work with RMW's Los Angeles-based subsidiary Lowry Digital,
which has handled projects for leading studios like Walt Disney, Paramount Pictures, MGM and
20th Century Fox. RMW would be doing the processing job for IMAGICA either in India or in
California in the US.



Due to the tremendous uptake of the mobile value-added services (VAS) market, the industry is
projected to grow at a CAGR of 28.6 per cent over 2010-14, reaching US$ 567.6 million in
2014, as per PwC. The key growth driver for the music industry over the next five years will be
digital music, and its share is expected to move from 29 per cent in 2009 to 75 per cent in 2014.

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Radio is considered a mass medium. It ideally suits the Indian environment - leveraging its twin
advantages of wide coverage and cost effectiveness. Currently, the sector generates annual
revenues worth US$ 49.5 million and is growing at around 20 percent annually, according to the
joint report by KPMG and an industry chamber.

The radio advertising industry is projected to grow at a CAGR of 12.2 per cent over 2010-14,
reaching US$ 342.7 million in 2014 from the present US$ 192.8 million in 2009, as per PwC.


 
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A report by consultancy firm KPMG stated that the US$ 5.2 billion advertising industry is set to
grow at a compounded annual growth rate (CAGR) of 14 per cent in 2010, in comparison to the
last year. KPMG observed that online advertising will grow about 30 per cent per annum,
establishing itself as the fastest growing advertising medium. While elaborating further it stated
that the growth in regional advertising is partly driven by new sectors such as education,
hospitality, jewellery and real estate which often have local brands and therefore prefer to
advertise through local channels.

Emphasising on the Internet advertising industry, KPMG said the US$ 185 million industry
would encourage both multinational companies and local brands to focus on their marketing
strategies.

Media & Entertainment /

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Meanwhile, Google India has seen a 96 per cent annual growth in 2009-10 in the number of
users of its search-linked advertising business, and hopes to continue the momentum by targeting
small and medium enterprises.





Films Division has been motivating the broadest spectrum of the Indian public with a view to
enlisting their active participation in nation building activities.

According to PwC, The industry is projected to grow at a CAGR of 12.4 per cent, reaching US$
3.65 billion in 2014 from the present US$ 2.03 billion in 2009.

According to the joint report by KPMG and an industry chamber, the growth drivers for the
sector would include expansion of factors like an increase in the number of multiplex screens,
digital screens facilitating wider releases, higher cable and satellite revenues, improving
collections from the overseas markets and supplementary revenue streams like DTH, digital
downloads, etc, which are expected to emerge in future.

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The print media industry is projected to grow at a CAGR of 9 per cent and targets to reach
around US$ 5.93 billion by 2014, according to the joint report by KPMG and an industry
chamber.

As per the Indian Readership Survey (IRS) for the third quarter of 2010, conducted jointly by the
Media Research Users Council (MRUC) along with research firm Hansa Research Group Pvt.
Ltd., Dainik Jagran, published by Jagran Prakashan Ltd, continues to be the most read newspaper
in the country. The average issue readership (AIR) of the newspaper in the last quarter increased
to 15.95 million from 15.925 million readers in the last round of the survey.

Among English newspapers, Hindustan Times expanded its readership from 3.453 million
nationally to 3.517 million. Readership of The Times of India, published by Bennett, Coleman
and Co. Ltd, has risen from 7.088 million to 7.254 million.

The leader in the business news space, The Economic Times, increased its readership from
753,000 in the previous round to 798,000 readers.

Foreign investment, including foreign direct investments (FDI) and investment by non-resident
Indians (NRIs)/person of Indian origin (PIO)/foreign institutional investor (FII), up to 26 per
cent, is permitted for publishing of newspapers and periodicals dealing with news and current
affairs under the Government route.

FDI policy for publication of Indian editions of foreign magazines dealing with news and current
affairs is:

V? Foreign investment, including FDI and investment by NRIs/PIOs/FII, up to 26 per cent, is

permitted under the Government route.
V? 'Magazine', for the purpose of these guidelines, will be defined as a periodical
publication, brought out on non-daily basis, containing public news or comments on
public news.
V? Foreign investment would also be subject to the Guidelines for Publication of Indian
editions of foreign magazines dealing with news and current affairs issued by the
Ministry of Information and Broadcasting (I&B) on Publishing/printing of Scientific and
Technical Magazines/specialty journals/ periodicals 100 per cent FDI is permitted under
the Government route.

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V? FDI up to 100 per cent is permitted under Government route in publication of facsimile
edition of foreign newspapers provided the FDI is by the owner of the original foreign
newspapers whose facsimile edition is proposed to be brought out in India.
V? Publication of facsimile edition of foreign newspapers can be undertaken only by an
entity incorporated or registered in India under the provisions of the Companies Act,
1956.
V? Publication of facsimile edition of foreign newspaper would also be subject to the
Guidelines for publication of newspapers and periodicals dealing with news and current
affairs and publication of facsimile edition of foreign newspapers issued by Ministry of
Information & Broadcasting on 31.3.2006, as amended from time to time.

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Mexico-based multiplex operator Cinepolis plans to set up 40 screens over the next 12 months in
India, which could entail an investment of US$ 28 million.

Milan Saini, Head and Managing Director, Cinepolis India Country stated that "India is a huge
opportunity for us as the market is under-penetrated. We plan to set up 40 screens over the next
12 months across seven properties in cities like Mumbai, Bangalore, Chennai and Hyderabad."

Media & Entertainment /

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The digital technologies and their innovative applications have changed the entertainment sector
considerably, especially the content production and its quality. Internet has also emerged as the
latest revenue stream and has become one of the fastest growing advertising medium and has
made a significant impression on the entertainment industry.

Officials in the Information and Broadcasting Ministry have planned a roadmap for making
broadcasting operations completely digital. The Telecom Regulatory Authority of India (TRAI)
has suggested a three-stage process for digitisation, wherein tier one cities would be covered by
2013, tier two cities by 2014 and tier three cities by 2017. They further stated that the digital
transmission helps in enhancing the audio and picture quality.





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The Government has initiated the following measures:

V? The government has allotted US$ 50.13 million in the current Five-Year Plan (2007-
2012) for various development projects for the film industry. The funds will be utilised to
set up a centre for excellence in animation, gaming and visual effects
V? To offer better audio quality and sharper picture to millions of its viewers, public
broadcaster Doordarshan plans to go completely digital by 2017

According to the Consolidated Foreign Direct Investment (FDI) Policy document released by the
Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry,
Government of India, foreign investment, including foreign direct investments (FDI) and
investment by non-resident Indians (NRIs)/person of Indian origin (PIO)/foreign institutional
investor (FII), up to 26 per cent, is permitted for publishing of newspapers and periodicals
dealing with news and current affairs under the Government route.

The Consolidated FDI Policy document brings forth the following guidelines for the M&E
industry:

V? Terrestrial Broadcasting FM (FM Radio): Foreign investment, including FDI, NRI and
PIO investments and portfolio investments are permitted up to 20 per cent equity for FM
Radio's Broadcasting Services with prior approval of the Government subject to such
 terms and conditions as specified from time to time by Ministry of Information and
Broadcasting for grant of permission for setting up of FM radio stations
V? Cable Network: Foreign investment, including FDI, NRI and PIO investments and
portfolio investments are permitted up to 49 per cent for cable networks under
Government route subject to Cable Television Network Rules, 1994 and other conditions
as specified from time to time by Ministry of Information and Broadcasting (I&B)
V? Direct±to-Home: Foreign investment, including FDI, NRI and PIO investments and
portfolio investments are permitted up to 49 per cent for Direct to Home under
Government route. Within the limit of 49 per cent, FDI will not exceed 20 per cent. This
will be subject to such guidelines/terms and conditions as specified from time to time by
Ministry of Information and Broadcasting (I&B)
V? The total direct and indirect foreign investment including portfolio and foreign direct
investment in Headend-In-The-Sky (HITS) Broadcasting Service shall not exceed 74 per
cent. FDI upto 49 per cent would be on automatic route and beyond that under
government route. This will be subject to such guidelines/terms and conditions as
specified from time to time by Ministry of Information and Broadcasting (I&B)
V? FDI policy in the Up-linking of TV Channels is as under:
? Foreign investment of FDI and FII up to 49 per cent would be permitted under the
Government route for setting up Up-linking HUB/ Teleports;
? FDI up to 100 per cent would be allowed under the Government route for Up
linking a Non-News & Current Affairs TV Channel;
? Foreign investment of FDI and FII up to 26 per cent would be permitted under the
Government route for Up-linking a News & Current Affairs TV Channel subject
to the condition that 48 the portfolio investment from FII/ NRI shall not be
"persons acting in concert" with FDI investors, as defined in the SEBI(Substantial
Acquisition of Shares and Takeovers) Regulations, 1997;