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SCHOOL OF BUSINESS
ON
CHANDIGARH UNIVERSITY
summer Internship report on the company name TIMES OF INDIA which is related
I express my warm thanks to our director of USB department Dr. Nilesh Arora for
I sincerely thanks to our HOD Dr. Navjit Singh for their guidance and
encouragement in carrying out this project.
I am sincerely thankful to our Coordinator Dr. Kavita Sharma for their support
and guidance.
I am also thankful to our Assistant Professor Dr. K. K. Mishra for their endless
THANKING YOU
21MBA1178
EXECUTIVE SUMMARY:
The purpose of the 1st progress report is to analyze the market sector of the Times
of India. The company belongs from Mass Media industry and we analyzed
the Mass media & Entertainment sector in India. The Indian media and
entertainment (M&E) sector are expected to grow by 25 per cent in 2021 and
report. The Indian media and entertainment sector has de-grown by 24 per cent
to ₹1.38 trillion ($19 billion) in 2020. Rising income and evolving lifestyles
have led to a higher demand for services in the media and entertainment
coupled with increased usage of 3G, 4G and portable devices have also
sector.
Introduction
Project Assigned: On Mass Media industry, Functional Profile, Functional Elective areas of
Journal of Commerce. The paper was published on Wednesdays and Saturdays under the
contained news from Britain and the world, as well as the Indian Subcontinent. J. E. Brennan
In 1860, editor Robert Knight (1825–1892) bought the Indian shareholders' interests, merged
with rival Bombay Standard, and started India's first news agency. It wired Times dispatches
to papers across the country and became the Indian agent for Reuters news service. In 1861,
he changed the name from the Bombay Times and Standard to The Times of India. Knight
fought for a press free of prior restraint or intimidation, frequently resisting the attempts by
governments, business interests, and cultural spokesmen; and led the paper to national
prominence. In the 19th century, this newspaper company employed more than 800 people
Subsequently, The Times of India saw its ownership change several times until 1892 when an
English journalist named Thomas Jewell Bennett, along with Frank Morris Coleman (who
later drowned in the 1915 sinking of the SS Persia), acquired the newspaper through their
Dalmia ownership
Sir Stanley Reed edited The Times of India from 1907 until 1924 and received
correspondence from major figures of India such as Mahatma Gandhi. In all he lived in India
for fifty years. He was respected in the United Kingdom as an expert on Indian current
affairs.
Bennett Coleman & Co. Ltd was sold to sugar magnate Ramkrishna Dalmia of the industrial
Inquiry found that Ramakrishna Dalmia, in 1947, had engineered the acquisition of the media
giant Bennett Coleman & Co. by transferring money from a bank and an insurance company
of which he was the Chairman. In the court case that followed, Ramkrishna Dalmia was
sentenced to two years in Tihar Jail after having been convicted of embezzlement and fraud.
Most of the jail term he managed to spend in hospital. Upon his release, his son-in law, Saho
Shanti Prasad Jain, to whom he had entrusted the running of Bennett, Coleman & Co.
LEARNING OBJECTIVES:
To identify and define the brief analysis of the Mass Media sector
To evaluate the growth of the industry
To describe the functional areas of the company as well as the job profiles they are
offering
To define the financial statement analysis of the company to measure the performance.
1. INTRODUCTION OF COMPANY
2. HISTORY OF COMPANY
6. STRATEGIES
8. CONSUMER ANALYSIS
9. SWOT ANALYSIS
11.LITERATURE REVIEW
12.COMPETITORS OF TOI
14.PROBLEMS IDENTIFIED
TOI published its first issue on November 3, 1838 as The Bombay Times and The Journal of
Commerce. The paper was published on Wednesdays and Saturdays under the direction of
Raobahadur Narayan Dinanath Velkar, a reformer for the Maharashtrian community, and contained
news from Britain and the world, as well as the Indian
Subcontinent. J. E. Brennan was its first editor. In 1850, he
began publishing daily programs. In 1860, editor Robert Knight
(1825-1892) bought the interests of Indian shareholders,
merged with his rival Bombay Standard, and established India's
first news agency. He posted the Times in the media nationwide
and became an Indian agent for Reuters news service. In 1861, he
changed the name from the Bombay Times and Standard to the
Times of India. Knight defended the media without self-restraint or
intimidation, often resisting government efforts, business
interests and cultural advocates, and led to a paper on national
emergence. By the 19th century, this newspaper company employed
more than 800 people and was widely distributed in India and
Europe.
Later, TOI saw its ownership change several times until 1892 when English journalist Thomas
Jewell Bennett, along with Frank Morris Coleman (later drowning in the SS5 Persian SS 191),
received the newspaper through their new stock company, Bennett. ,Coleman & Co. Ltd.
DALMIA OWNERSHIP:
Sir Stanley Reed organized the TOI from 1907 to 1924 and received letters from major Indian
dignitaries such as Mahatma Gandhi. In all he lived in India for fifty years. He was revered in the
United Kingdom as an expert on current Indian affairs. Bennett Coleman & Co. Ltd was sold to
sugar company Ramkrishna Dalmia of the industrial family, for R20 million in 1946, as India
became independent and British owners left. In 1955 the Commission of Inquiry by Vivian Bose
found that Ramkrishna Dalmia, in 1947, initiated the acquisition of media giant Bennett Coleman &
Co. by transferring money to the bank and the insurance company of which he was chairman. In a
subsequent court case, Ramkrishna Dalmia was sentenced to two years in Tihar prison after being
convicted of fraud and embezzlement.
In the early 1960's, Shanti Prasad Jain was arrested on charges of selling newspapers in the market.
[26] And based on a previous report by the Vivian Bose Commission that found faults in the
Dalmia-Jain party, which included specific cases against Shanti Prasad Jain, the Government of
India applied for the ban and removal of Bennett, Coleman and Company executives.
Following a report by the Vivian Bose Commission on the Dalmia-Jain sect's actions, on August 28,
1969, the Bombay High Court, under Justice J. L. Nain, issued an interim order to dissolve the
existing Bennett, Coleman & Co board and create a new state board. . The bench decided that
“under these circumstances, it would be best to pass such instructions on the basis of the allegations
made by the complainants that the company's affairs are being conducted in a manner that is
contrary to public and organizational interests. The company is fine. " Following that order, Shanti
Prasad Jain resigned as director and the company ran a new board of directors, appointed by the
Indian Government, with the exception of a single Jain stenographer. Surprisingly, the court
appointed D K Kunte as chairman of the board. Kunte he had no business knowledge before and
was a member of the opposition Lok Sabha.
TOIFA AWARDS
Launched in 2013 and awarded for the second time in 2016, "The Times of India Film Awards" or
"TOIFA" is a work award in Film Industry determined by a global public vote in the nomination
categories.
1838 : In November 3, 1838 the first edition of The Bombay Times and Journal of
Commerce were published, reflecting basically the business community of Bombay.
It was a bi-weekly publication. Dr. J.E. Brennan was the Editor.
1850 : Shareholders decide to increase the share capital and the paper is converted
into a daily.
1859 : Bombay Standard and Chronicle of Western India merges into The Bombay
Times and Journal of Commerce to form Bombay Times & Standard.
1861 : Editor Robert Knight amalgamates The Bombay Times & Standard and
Bombay Telegraph & Courier to form The Times of India - giving it a national
character.
1892 : T. J. Bennett becomes the editor and enters into a partnership with F.M.
Coleman to form a joint stock company - Bennett, Coleman & Co. Ltd. (BCCL).
1946 : The Times of India gets Indian ownership with Seth Ramakrishna Dalmia
buying the company.
1948 : Sahu Jain Group takes over as the owners of the company after Ramakrishna
Dalmia sells the firm to his son-in-law Sahu Shanti Prasad Jain - who becomes the
first Chairman of the group.
1996 : The Times of India crosses 1 million marks in circulation. It also carries the
first-ever color photograph.
1999 : India times web portal launched; BCCL enters music retailing business with
Planet M. Also operates the first-ever private FM broadcast through Times FM
(which later becomes Radio Mirchi).
2003 : Launch of the Times Private Treaties as a strategic business division. Launch
of the Jobs portal Times Jobs. TOI E-paper launched. Entry into TV business with the
launch of India’s first lifestyle and entertainment channel Zoom.
2008 : Launch of ET (Hindi), Pune Mirror and The Times of India editions at Jaipur,
Goa and Chennai. Acquisition of Virgin Radio (now rebranded as Absolute Radio) in
the UK.
2009 : TOI Crest edition launched. Launch of ET Now – premier business channel
having integrated newsroom with ET print edition.
2010 : Private Treaties re-branded as Brand Capital. The Speaking Tree newspaper
launched. ET Wealth launched. Maharashtra Times launches Pune edition. Vijay
Next (premier weekly newspaper from Vijay Karnataka) launched. India’s first HD-
only premium movie channel – Movies Now (HD) launched.
1. NEWSPAPERS
THE TIMES OF INDIA
The Economic Times
Navbharat Times
Maharashtra Times
Ei Samay
Mumbai Mirror
Vijaya Karnataka
2.MAGAZINES
FEMINA
FILMFARE
GOOD FOOD
GOOD HOMES
GRAZIA
TOP GEAR
HOME TRENDS
3.TELIVISION
ET Now
Lead India
Mirror Now
Movies Now
Romedy Now
Times Music
Times Now
Zoom
4. TIMES INTERNET
CricBuzz
Gaana
MX Player
Willow
5. TIMES BUISNESS
TBSL
TimesJobs
SimplyMarry
MagicBricks
ZigWheels
Artha Group
BENETTE UNIVERSITY
6. TIMES
ENTERTAINMENT
RADIO MIRCHI
FEATURES OF TOI
The Times of India is synonymous in being the "Masthead of India", an opinion forming instrument
for India and Indians. The Times Of India is not only India’s largest selling English general daily
but also the leading English general daily in the world. It attracts a daily circulation level of about
22 lakh copies. It is the largest selling English daily between Tokyo.
STRATEGIES
• Move first,
• Move fast
• Multiple ties
Times Of India Marketing Strategy analyzes a product with a marketing mix that includes 4Ps
(Product, Price, Location, Advertising). There are several marketing strategies such as launching
new products, pricing, promotional planning etc. These business strategies, based on the Times Of
India marketing mix, help the product succeed. The Times Of India marketing strategy helps the
company to position itself in a competitive market and achieve its business goals and objectives.
TIMES OF INDIA PRODUCT STRATEGY:
Product strategy and mix in Times Of India marketing strategy can be defined as:
The Times Of India is one of the leading English newspapers in India. The Times Of India has
excellent news and media coverage and is one of the most prominent English print forums and
online news forums. Below the portfolio of the product mix marketing product offered is a
newspaper, a printed version distributed nationwide. In addition to this, it also provides e-
newspaper to cater for thousands of years of tech-savvy and artisans. Times Of India has also
launched its own app to cater for this productive section of news readers on various platforms such
as iOS and Android.
Below is the pricing strategy for the Times Of India marketing strategy:
The Times Of India faces stiff competition from Hindus and that is why it always uses a
competitive price strategy to be at the forefront of the race. They follow a marketing strategy called
the Princer Movement Strategy that calls for smart prices. In order to maintain competitive
advantage especially in the southern Indian market, it has targeted its rival students and lowered
their enrollment rates. The Times Of India is one of the leaders in media marketing.
The following is a distribution strategy for the Times Of India marketing mix:
The Times Of India newspaper is available in almost every city and town of India and has
penetrated deep into the country targeting a large portion of students daily. They are sold from
house to house by vendors or are found in newspapers and bookstores in almost every crowded
contact center in the city. The Times Of India is the most widely read and widely distributed
English newspaper in India. Excellent distribution ensures that newspapers are widely available in
newspaper stores, train stations and are delivered individually.
The promotional and marketing strategy for the Times Of India marketing strategy is as follows:
Previously, the Times of India promotional strategy was aimed at newspaper operations. But with
the changing times and increased competition, they tried to portray themselves as the desires of the
Indians. In terms of promotions, it is always involved in wrestling with a Hindu competitor and thus
comes up with new promotional strategies in advertising, digital promotions such as advertising. To
maintain competitive advantage Times Of India goes from house to house selling and uploading
videos to their websites and social media to promote their product. The Times Of India is one of the
pioneers of viral marketing strategies and has been able to successfully cover all possible contact
areas in the city from shops, tea shops, supermarkets and even billboards on buses, road divides and
street areas. Apart from this, it organizes events such as the Mega Trade Fair and TOIFA to increase
its presence nationwide. So this puts an end to the Times Of India marketing mix.
TIMES OF INDIA CONSUMER ANALYSIS
The Times of India 's marketing strategies and reasons for its success The newspaper symbolizes
strength and power with two elephants facing a crown between them meaning royalty. The
Company's motto is clear and simple, "Accept the Truth". The various marketing strategies adopted
by the Times of India include the following. These strategic business initiatives adopted by the
newspaper have helped it to spread the English language widely throughout the country nationally
and internationally. Improving product quality to attract more students nationally and
internationally. Increase newspaper distribution by introducing new newspaper editions in English
and other regional languages to increase paper width. Covering relevant stories for students
emerging from competitive exams that require general daily information about the nation and the
latest news updates from around the world. A weekly paper called Ascent is introduced for the
benefit of job seekers and students. Increase the scope of distribution by introducing e-paper and
mobile papers. Investing heavily in TV commercials to increase coverage and increase sales.
Investing in social campaigns that engage the nation's youth. Apart from this the annual
subscription rate is kept below Rs 250 which allows consumers to opt for all combo offers.
all year round. The price per paper is also kept at Rs 3 per paper lower than its competitors such as
the Hindustan Times, the Economic Times and the Hindus.
STRENGTH
1. It is widely available daily in most regions with an average circulation of more than 3.5 million
per day
2. It can improve the presence of the Parent Company on Television, Radio etc. to reach more
audiences especially in the Ongoing Campaign on a particular subject e.g. Anti-corruption
campaign etc.
3. Easy Brand Recall is useful in competitive markets with many dailies; high brand loyalty
4. Bombay Times, Delhi Times etc. has a great day that is useful in matters of movies, glamor,
fashion etc.
5. A weekly paper called Ascent is widely regarded as an excellent platform and a must read for
potential employers and job seekers.
6. It has a book written on the wisdom of the major cities of India
7. Campaigns such as Fundisa India and other events / efforts are beneficial to the product.
WEAKNESSES
Here are some of the weaknesses in the analysis of The Times of India SWOT:
1. Some people are of the opinion that TOI publishes many celebrity / entertainment stories
OPPORTUNITIES
THREATS
To succeed as a journalist on a local or national newspaper you'll need determination and the ability
to research and write accurate stories to tight deadlines.
Newspaper journalists research and write stories for national, regional and local press. They report
on news and politics, as well as on sports, arts and culture, science and business. They also cover
national and local events, entertainment and human interest stories.
There are a number of roles within newspaper journalism. Junior reporters usually write up stories
allocated to them by the news desk, which they then pass to the news editor before they're
handed to sub-editors. Correspondents are specialists in one field or location, while feature writers,
who cover topics in greater depth, often use a more personal style.
On smaller newspapers journalists have to multitask. They may work on layout, photography and
sub-editing, as well as write stories.
Newspaper journalism is becoming increasingly multi-platform, making IT, web and broadcast
skills highly valuable.
LITERATURE REVIEW
Impact of Newspaper and Advertisement on Consumer Behaviour. Mohit Bansal and Shubham
Gupta, Year 2013.
Present Trends of Newspapers in India. (A qualitative study), Dr. Arvind Kumar Singh IN Year
2014
.“ The need for understanding the audience as to who reads what for what reasons, BY Alrajehi,
Menawer Bayan
’
"Newspaper Readership Interests of the Young." BY Schweitzer, John C’s.
"Psychographics Made Simple and Newspaper Readership and Proximity to Metropolitan Markets.
BY Meyer, Philip and Lynn, Jerry R.
Newspapers are struggling Can an all-digital strategy be the path to profitability? BY Scott Purdy
Impact of online media on print media newspaper sales BY Clement Mulenga Sinyangwe.
Hindustan Times
Hindustan Times is a top competitor of The Times Of India. Hindustan Times was founded in New
Delhi, Delhi} in 1924. Hindustan Times competes in the Publishing industry. Compared to The
Times Of India, Hindustan Times generates $46M less revenue.
The Hindu
The Hindu is The Times Of India's competitor. The Hindu is headquartered in Chennai, Tamil
Nadu, and was founded in 1878. The Hindu competes in the Publishing field. The Hindu generates
102% the revenue of The Times Of India.
Deccan Chronicle
Deccan Chronicle Holdings Ltd. has been one of The Times Of India's top competitors. Deccan
Chronicle Holdings Ltd. is a Private company that was founded in 1938 in Secunderabad, Other.
Like The Times Of India, Deccan Chronicle Holdings Ltd. also competes in the Publishing
industry. Compared to The Times Of India, Deccan Chronicle Holdings Ltd. has 4,700 fewer
employees.
The Tribune
The Tribune is the most biggest competitor of The Times Of India in Punjab, because The Tribune
is a local regional paper of Punjab, It covers 36% of total market of other newspapers.
MISSION
“Create and build brands with differentiated content to capture relevance audience and market the
value of these to advertisers to help them sell and strengthen their brand.”
VISION
“Times Private Treaties provides an exciting investment opportunity, an idea meant to usher in
Modern India and facilitate change from a scarcity driven, and commodity economy to a brand-led
consuming economy.”
PROBLEM IDENTIFIED AT THE TIMES OF INDIA
With the help of SWOT analysis, I have noticed some problems here in the company. We can say if
we found the solution of these problems than the company might get achieve more success in these
field in which company deal with. So, these are some problems-
1.Chandigarh is a place for newspaper have great opportunity for Respondents for
reading, but need to aware the need of English newspaper
3.Many believe lack of service of vendor causes them reason of not reading newspaper
and majority says they didn’t get time to read newspaper
4.In the era of technology, almost 85% people prefer internet to read news.
Some of the suggestion which can be concluded from the study and should be implied for
the TIMES OF INDIA.
1..Add more content related to students and add content for businessman, professional, and
give more detailed news in newspaper
2.Improve after sales service and give the appropriate response to complainers.
4. Improve the management of Depos and provide information to their vendors and
subscribers also.
The study is conducted to Search the new market opportunities for TOI newspaper market.
Across the world, newspaper and magazine publishers are striving to adapt to the challenges
and opportunities presented by digital disruption and economic shifts
. To find out the ways by which TOI covers new market and increase their consumer bae
and circulation of their newspaper.