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Skewed biz model hampers electronic news media functioning

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MUMBAI: The electronic news industry is struggling against a business model of low subscription income, high carriage fees and commoditised content, experts said.


“We are currently operating on a broken business model where subscription revenues are low and, thus, one has to depend heavily on advertising for revenues. The process of digitisation has started improving the scenario but we do have a long way to go,” said NDTV Ltd group CEO Vikram Chandra.


Another challenge is that journalists as a breed are only just starting to adapt to new media. While there has been commoditisation of news, one must also realise that as technology is evolving journalists too need to upgrade. Instead of shirking or challenging new media, journalists can adopt means of using it to monetise news.


Essel Group News Cluster Group CEO Dr Bhaskar Das said, “The goal should be to maintain objectivity of the news across platforms. We must remember that the consumer has become increasingly platform agnostic in news reception.”


The silo mentality in the journalistic community is also a challenege that needs to be overcome. In an age where the consumer uses multiple forms of media, often simultaneously, journalists cannot afford to limit themselves to just one medium. They need to evolve and learn to be present and visible across mediums.


“This is the reason why in our channels, we have made it mandatory for our reporters and journalists to be present across platforms and maintain blogs and Twitter accounts,” said Russia Today TV managing editor Prof Alexey Nikolov, while speaking at Ficci Frames.


The session titled ‘Electronic News Media: Stock Taking and the Way Forward‘ discussed the challenges involved in running a news channel and explored ways to overcome these. The panel discussion was moderated by senior visiting fellow, national university of Singapore and author Dr Nalin Mehta.


India News Editor-in-Chief Deepak Chaurasia threw light on the political arm-twisting that prevails and prevents news channels from reporting certain news. Another impediment faced by news channels is the monetary pressure applied by various multi-system operators (MSOs).


“At the end of it, we are responsible for our own predicament. Many people with deep pockets have started news channels and have increased the carriage fees, which has affected all the other channels. There are no definite rules and this gives people with vested interests a chance to take advantage and pressurise channels,” he said.


Nikolov also stressed that while social media has taken the front seat, the audience is now looking for credibility. So the trick now would be to sell trust, competency and different points of view rather than only news.


Chandra added that in this case, trust can be built according to the niche that each channel wants to occupy. It depends on the ideology and the business model. In a country of India’s size and population, channels will find their own comfort zone and survive.


On the topic of trust, Das said: “Trust is non-negotiable. What is worrisome is that trust has become subjective. Whose trust are we vying for today (as news channels)? Is it the viewers’ trust or the management’s trusts or the politicians’ trust or the advertisers’ trust? It is the audience’s trust that matters and today’s viewers are intelligent and astute enough to understand where the value of news lies. They can differentiate the trust worthy from that which is not and that’s why some news channels work, while others fail to attract the masses.”


The silver lining, however, is that for the past one year the news channels, the government and other industry stakeholders have come together to discuss these matters. “It is a beginning. At least now we all agree that there is a shortcoming in the audience measurement system and process in the country. On the content side, there have been suggestions about framing a content code. In this case, the matter is too subjective and to reach a consensus is very difficult,” averred Chandra.


The panel concluded that the need of the hour is to revamp the business model so that it is not heavily skewed towards one means of revenue, in this case advertising. Once that is resolved, the channels can take a stronger stand on content regulation.


“The problems are complex and the fear of government interference plays a big role too. We have made a start and need to keep going as it is a long road ahead,” Das concluded.

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News Broadcasting

Barc forensic audit in TRP row awaits as Twenty-Four probe gathers pace

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KERALA: A forensic audit commissioned by the Broadcast Audience Research Council (BARC) India has emerged as the centrepiece of the government’s response to fresh allegations of television rating point manipulation involving a regional news channel in Kerala, with both the audit findings and a parallel police investigation still awaited.

Replying to a query in the Lok Sabha, minister of state for information and broadcasting L Murugan, said Barc had appointed an independent agency to conduct a forensic probe into the conduct of senior personnel allegedly linked to the case.

The move followed media reports claiming that a Barc employee had accepted bribes to manipulate viewership data in favour of a regional television news channel.

“The report from BARC is still awaited,” Murugan told Parliament, signalling that the forensic exercise remains ongoing.

Industry specialists say forensic audits are crucial in alleged TRP fraud cases, as they examine internal controls, data access trails, panel household integrity, staff communications and financial transactions. The outcome could determine whether the alleged manipulation was an isolated breach or a deeper systemic weakness in India’s television measurement framework.

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Running alongside the audit, the Kerala Police has formed a special investigation team to probe the allegations. The ministry has sought a preliminary report from the state’s director general of police, including details of action taken on the first information report. That report, too, is yet to be submitted.

The episode has revived long-standing concerns over the vulnerability of India’s TRP system, particularly in regional news markets where competition for ratings is fierce and advertising revenues hinge on weekly viewership rankings.

India’s sole television audience measurement body Barc, has faced scrutiny before, most notably during the nationwide TRP controversy involving news channels in 2020. While tighter compliance norms were introduced in the aftermath, the latest allegations suggest enforcement challenges may persist.

On regulatory consequences, the government said any punitive action against television channels, including suspension or cancellation of uplinking and downlinking permissions, would be governed by the Policy Guidelines for Uplinking and Downlinking of Television Channels issued in November 2022, and would depend on investigation outcomes and due process.

The ministry also pointed to ongoing efforts to overhaul the ratings ecosystem. Television measurement continues to be regulated under the Policy Guidelines for Television Rating Agencies, 2014. Draft amendments were released for public consultation in July 2025, followed by a revised version in November 2025, aimed at tightening audit mechanisms and improving transparency and representativeness.

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In November 2025, Barc said it had taken note of allegations aired by Malayalam news channel Twenty-Four, which linked an internal employee to irregularities in audience measurement. The council said it had engaged a “reputed independent agency” to conduct a comprehensive forensic audit, underscoring the seriousness of the claims.

The ratings system sits at the heart of India’s broadcast advertising economy, shaping billions of rupees in annual ad spends. With trust in audience data once again under strain, advertisers, broadcasters and regulators are closely watching the outcome of the investigations.

Barc has urged industry stakeholders and media organisations to exercise restraint while the probe is underway, calling for an end to “unverified or speculatory claims” and reiterating its commitment to integrity and accountability.

Until the forensic audit and police findings are submitted and reviewed, the government said it would refrain from drawing conclusions.

 

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Rajat Sharma defamation row: Delhi court summons Congress leaders Ragini Nayak, Pawan Khera and Jairam Ramesh

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NEW DELHI: A Delhi court has ordered the summoning of senior Congress leaders Ragini Nayak, Pawan Khera and Jairam Ramesh in a criminal case filed by veteran journalist Rajat Sharma, sharpening a legal battle over alleged defamation and doctored digital content.

The order was passed on Monday by Devanshi Janmeja, judicial magistrate first class at Saket Courts, after the court found prima facie grounds to proceed under multiple sections of the Indian Penal Code, including forgery, creation of false electronic records and defamation.

Sharma, chairman and editor-in-chief of India TV, had approached the court over allegations made in June 2024 that he had used derogatory language against Congress spokesperson Ragini Nayak during a live television debate. He denied the charge, claiming it was fuelled by a manipulated video circulated online.

According to the complaint, a clipped version of the broadcast carrying superimposed captions, which were not part of the original programme, was first shared on social media platform X by Nayak and later amplified through retweets and public statements by Khera and Ramesh. Sharma said the viral spread caused serious reputational harm and personal distress.

The court took note of forensic science laboratory findings that pointed to visible post-production alterations in the video, including added titles and captions. It also cited witness testimonies from those present during the live broadcast, who stated that no abusive or objectionable language had been used.

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In a related civil matter, the Delhi High Court had earlier observed a prima facie absence of abusive remarks and directed the removal of the disputed social media posts.

With criminal proceedings now set in motion, the case adds to mounting scrutiny around political messaging, digital manipulation and accountability on social media platforms.

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Mukesh Ambani, Larry Fink come together for CNBC-TV18 exclusive

Reliance and BlackRock chiefs map the future of investing as global capital eyes India

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MUMBAI: India’s capital story takes centre stage today as Mukesh Ambani and Larry Fink sit down for a rare joint television conversation, bringing together two of the most powerful voices in global business at a moment of economic churn and opportunity.

The Reliance Industries chief and the BlackRock boss will speak with Shereen Bhan, managing editor of CNBC-TV18, in an exclusive interaction airing from 3:00 pm on February 4. The timing is deliberate. Geopolitics are tense, technology is disruptive and capital is choosier. India, meanwhile, is pitching itself as a long-term bet.

The pairing is symbolic. Reliance straddles energy transition, digital infrastructure and consumer growth in the world’s fastest-expanding major economy. BlackRock, the world’s largest asset manager, oversees more than $14 tn in assets and sits at the nerve centre of global capital flows. When the two talk, markets tend to listen.

Fink’s appearance marks his third India visit, a signal of the country’s rising strategic weight for the Wall Street-listed firm, which carries a market value above $177 bn. His earlier 2023 trips included an October stop in New Delhi, where he met both Ambani and Narendra Modi.

India is now central to BlackRock’s expansion plans, notably through its joint venture with Jio Financial Services. Announced in July 2023, the 50:50 venture, JioBlackRock, commits up to $150 mn each from the partners to build a digital-first asset-management platform aimed at India’s swelling investor class.

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The backdrop is robust. BlackRock ended 2025 with record assets under management of $14.04 tn, helped by $698 bn in net inflows, including $342 bn in the fourth quarter alone. Scale gives Fink both heft and a long lens on where money is moving.

He has been openly bullish on India. At the Saudi-US Investment Summit in Riyadh last year, Fink argued that the “fog of global uncertainty is lifting”, with capital returning to dynamic markets such as India, drawn by reforms, demographics and durable return potential.

Expect the conversation to range beyond balance sheets, into technology’s role in finance, access to capital and the mechanics of sustainable growth in a fracturing world order. For investors and policymakers alike, it is a snapshot of how big money is thinking about India.

At a time when capital is cautious and growth is contested, India wants to be the exception. When Ambani and Fink share a stage, it is less a chat and more a signal. The world’s money is still looking for its next big story, and India intends to be it.

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