Jagran Prakashan Limited (JPL), publishers of 'Dainik Jagran', India's largest read newspaper (Source: IRS), has recorded net revenues of Rs 163.45 crore for Q3 FY07, an increase of 29.79% over the corresponding quarter of the previous year. The net profit was at Rs 17.70 crore, a sharp increase of 143.80% from Rs 7.26 crore in the corresponding quarter of previous fiscal. The EPS for the quarter was at Rs 2.94 as against Rs 1.47 in the corresponding quarter of FY 06. The company also announced an interim dividend of Rs 7.50 per share.
Better advertising and circulation revenues from the publishing
Murdoch is interested in a stake in the Tribune publication Newsday, one of the company's largest publications, the Financial Times reported Tuesday. He would like to combine New York-based Newsday's back office and operational functions with those at News Corp.'s New York Post, the Times reported, citing an unnamed person familiar with the situation.
Tribune spokesman Gary Weitman declined to comment on the report when reached by The Associated Press Tuesday evening.
"We never comment on speculation," Weitman said.
News Corp. declined to
The Times of India Group has launched its new Kannada daily. It has been named ‘The Times of India Kannada’ and is priced at Rs 1.50. It was launched a few days ago with an initial print run of 70,000 and hopes to settle at about 50,000 copies soon. It is being positioned as a ‘premium language product’.
The group had acquired the Bangalore publishing house, Vijayanand Printers, in mid-2006. The group’s stable now has two Kannada dailies, ‘The Times of India Kannada’ and ‘Vijay Karnataka’. The other Kannada daily from VPL – ‘Usha Kiran’ – was discontinued a few months ago and its staff has