January 19, 2021
Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous quarter, in the quarter ended December 31, 2020. The company posted digital revenues of ₹25.42 crore; the segment, however, posted losses of ₹20 lakh.
During the quarter, HT Media pumped in ₹5.26 crore in Mosaic Media Ventures Private Limited, the parent company of VCCircle, which the Shobhana Bhartia-headed company acquired from News Corp in July 2020. Mosaic Media became a wholly-owned subsidiary of the company from December 2, 2020. All is not going well with the merger, as NewsLaundry reported. A substantial number of VCCircle staff are no longer with the company, and their offices in Delhi and Mumbai have been shut down.
Shambhavi Thakur
The Indian media didnât have a great year, all things told. The industry was plagued by layoffs and multiple publications shut down.
The news cycle was punctuated by stories of tragedy and trauma: the citizenship law protests, the Delhi riots, the Covid pandemic, the migrant worker crisis, floods and cyclones, the return of the âlove jihadâ bogey, the farmer protests, and so much more. Media coverage also had its ups and downs, with a major chunk of the year devoted to the appalling coverage of the death of actor Sushant Singh Rajput.
To get a better sense of how this panned out for Indian journalism, we reached out to some journalists and media professionals to ask them three things: What was, in their opinion, the lowest point and the highest point for Indian journalism in 2020? And what do they hope Indian journalism gets right in 2021?
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