ABSTRACT FROM THE CORNERSTONE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE JUNE 2014 EDITION.
The failings of India’s media during this election are symptoms of deeper ailments. Most media companies are family owned. Their decisions are driven more by personal and historical animosities, or agendas, than by long-term business strategies. Those few that are professionally managed suffer from inexperience, for it is difficult to retain good managers when the environment is so unprofessional. However, media in India is a vibrant market with a tremendous upside.
Bhanu Dhamija is the Founder and CEO of the Divya Himachal Group of companies in northern India, which publishes the leading Hindi and English newspapers in the region. Earlier, he was the CEO of a trade publishing company based in New York City.