![]() ![]() This enables them to tailor all manner of advertising packages and circulation tactics for the whole State. 1 in 24 of the 26 districts outside of Bangalore urban and rural districts. More importantly, it gives ToI-which is No.1 in Bangalore City which is where the advertising rupee is-control of Vijay Times which is No. The purchase gives ToI which has long pondered a Kannada paper Karnataka's No.1 Kannada daily on a platter. Result: Karnataka's media, till this morning vibrant, vivacious and various, is looking at a media monopoly of humongous, even questionable, proportions.Īs per present indications, ToI has bought a controlling stake of over 70 per cent in Vijayanand Printers Limited, which owns all three papers in the group: Vijaya Karnataka, Vijay Times and Usha Kirana. But there was no independent confirmation. ![]() One of them said that at least two rounds of talks had taken place between the two groups, and third decisive round could have take place today. Two senior ToI editors confirmed that something was in the air. "You can say it has been pencilled and a formal announcement could come in the next couple of days." "A deal has been struck in principle," another Vijay Times staffer said. But with HT bosswoman Shobana Bhartia apparently abroad, ToI is said to have made a bold counterbid that was "much sweeter" which Vijay Sankeshwar happily grabbed with both hands. Till earlier this week (as reported by Churumuri), Hindustan Times was being seen as the primary suitor, seeking 26 per cent for Rs 310 crore. "We've not been officially told about the sale or the percentage of stake or the money involved, but word was conveyed to senior members of the editorial staff from the group headquarters in Hubli this evening that ToI has bought us," a senior Vijay Times staffer who was present at the evening meeting said. ![]() ![]() SWAMY in Bangalore write: In a climax that even his role-model Rupert Murdoch would have been proud of, Samir Jain's Times of India group is believed to have bought the Vijay Karnataka group lock, stock and newsprint. PRITAM SENGUPTA in New Delhi and PALINI R. ![]()
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