Forbes India

Forbes India is the Indian edition of Forbes which is managed by the large Raghav Bahl-owned media conglomerate, Network 18.

Since its founding in 2008, the magazine has achieved a circulation of 50,000 copies and makes over Rs 25 crore in topline.[1]

In May 2013, the Network-18 owned First Post (India) was merged with Forbes India. Shortly thereafter, the four top editorial heads who had led the growth of Forbes India, including its editor-in-chief Indrajit Gupta, were dismissed under surprisingly humiliating conditions.[2] The event led to considerable media speculation.[3][4] Press Club, Mumbai, passed a resolution: “The method of ejecting them from the company was nothing short of shameful. Journalists are not only messengers of news and information, but are the collective voice of civil society."[5]

The new editor R. Jagannathan (erstwhile editor of First Post (India)), took over Forbes India. He told the Caravan (magazine) that "Forbes ... is not meant to be an NGO. It is not meant to be anti-capitalism." [6] The move may be a part of a shift within the journal towards right-wing politics,[6] following a large infusion of cash from Mukesh Ambani owned Reliance Industries Limited in the Network 18 conglomerate.[6][7]

References

  1. ↑ "Why forbes editor in india were sacked". Rediff.com. Retrieved 2013-06-14.
  2. ↑ "forbes india editors sacked for demanding stock ownership". The Hindu. 2014-05-04. Retrieved 2013-06-14.
  3. ↑ "No country for good journalists". Business Standard. May 2014. Retrieved 2014-06-09.
  4. ↑ Sharanya Kanvilkar (6 June 2013). "How the ‘Forbes India’ editors were forced out". Times Feed.Quote: Forbes India had a slight liberal streak. First Post, on the other hand, like Network 18 founder Raghav Bahl, unabashedly tilts to the right.
  5. ↑ "Press club deplores dismissal of editors of forbes india".
  6. ↑ 6.0 6.1 6.2 http://caravanmagazine.in/reportage/network-effect
  7. ↑ http://www.indianexpress.com/news/reliance-enters-media-by-opening-pursestrings-for-network18/895439/